Glossary
Australian Mortgage Glossary
Plain-English definitions of Australian home loan terms. Built for borrowers, brokers, and anyone trying to make sense of a mortgage without the jargon.
Home Loans
Fixed vs Variable Rate Home Loans
The trade-offs between fixed and variable rate home loans in Australia — predictability vs. flexibility, break costs, split loans, and when each makes sense.
What is a Comparison Rate?
The comparison rate vs. the advertised interest rate in Australian home loans, what it includes, and why it's a more honest cost signal.
What is a Redraw Facility?
Redraw on an Australian home loan — what it is, how it differs from an offset account, and the tax implications for investment property owners.
What is an Offset Account?
Offset accounts in Australian home loans — how they work, how much interest they save, and the difference between 100% and partial offset.