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Buying a home

Do you know the home loan lingo?

11 October 2018

This article is part of the Suncorp Home Buying Guide. A handy selection of articles, calculators and services to help you on your property buying journey.

Buying a home can be a relatively easy process – if you know what you’re doing. But if you are trying to get into the property market, or if it’s been a while since you last bought a home, some of the language you will come across can make you feel dazed and confused.

Offset accounts? Refinancing? Variable home loans? What does it all mean?

The truth is that you probably already know a lot about how buying a home works, it’s just the terminology that might throw you off.

For example, you may not know what LVR is and you may have that deer-in-the-headlights look on your face when someone mentions it. But all LVR is, is Loan to Value Ratio, or how much you have saved compared to how much you need to borrow.

Don’t feel bad. Lots of people don’t know the lingo.

The home buying lingo quiz

Don't worry if some of the home buying lingo stumps you to. This handy home buying language glossary will help you get up to speed in no time.

For a confidence boost and a look in the stages of buying a home visit the Suncorp Home Buying Guide.

Insights Into Buying Your First Home

Read more in the Home Buying Guide:

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100% obligation-free advice

Our experienced team are happy to answer all your questions, no matter how big or small. We’ll reach out to you within 24 hours to chat through your home lending questions.

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Information is intended to be of a general nature only and any advice has been prepared without taking into account any person's particular objectives, financial situation or needs. You should make your own enquiries, consider whether advice is appropriate for you.