The home loan jargon you need to know

From comparison rates to lenders mortgage insurance and offset accounts, there’s lots of jargon you’ll come across when looking for a home loan. While coming face to face with all these new terms and meanings can be quite confusing it is a possibility to get your head around them – you just need to find somebody who can explain it in plain English.

Guest blogger Kathryn Plevey from Heritage Bank recently tackled some of the more common terms over on Mozo’s blog. You can read the post in full here.

Got anymore home loan questions? Talk to one of our lending specialists today to find out more about our great home loan rates. Visit your local branch or phone 13 14 22.

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* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

The information provided is intended as general information only. Blogs have been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs. You should consider obtaining personal investment, taxation and/or legal advice before making any decision.  Please consider the Guide to Heritage Deposit Products and Guide to Heritage Credit Card Products (available in-branch, or at www.heritage.com.au) before you decide whether a product is right for you. All loans and credit cards are subject to application and approval. Conditions, criteria and fees apply and are subject to change without notice.