Accelerated Payment - The option to make higher repayments to pay off the loan faster.
Acceptance - To agree to the terms of an offer or contract.
Account keeping fees - Account keeping fees are charged to cover or partially cover the lender's internal costs of administering the account.
Accrued interest - The amount of loan interest that has already occurred but not yet due for payment.
Adjustments - The process of allocating expenses (Council, rates, water rates) on settlement day that the seller has paid for but not used.
Agent - A person or body authorized to act on behalf of a client in the sale, purchase, or management of the property.
Amortization period - The period of time you have to repay a loan at the arranged terms.
Application fees - Fees charged to cover or partially cover the lender's costs of processing a loan application for an applicant.
Appraised value - The estimate of the value of a property being used as security for a loan.
Arrears - An overdue amount yet to be paid.
Assets - Money, property, or goods owned.
At call - Money in a bank account that can be withdrawn immediately.
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