Home Loan Definitions
We’ve just updated a few more definitions on our website for words associated with home loans – this one being the explanation of adjustments. We’ve already covered Equity, FHOG, Formal Approval, Genuine Savings, Interest Only, Loan to Value Ratio (LVR), Median House Price, Mortgage Insurance Insurance, Principal & Interest (P&I) and Settlement.
If you missed these, have a look at the full list here.