May 13, 2013


Acceptable referee:       Includes accountants, solicitors, magistrate, doctor & justice of the peace

Acceptance:                   To agree to the terms and conditions of an offer or contract

Additional repayment:   Extra funds paid into the loan over and above the minimum prescribed payments

Allotment:                     The area of land that is subdivided into smaller portions of land

Amortisation:               To pay off principal and interest under a loan over a period of time, usually by installments

Application fee:            The fee that is charged by a lender when you lodge a loan application

Appreciation:                When the value of the property increases from its original value 

Posted in: Home loans

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