Glossary
Glossary of terms and acronyms related to Australian banking, finance and investments.
Portability
Portability is a feature of a mortgage that lets you transfer the loan to another property without incurring any penalties. This eliminates the need to refinance or take out a new mortgage, as the new property is used as the security for your existing loan. Portability is commonly used when the borrower sells his home and moves into a new one before the mortgage is fully paid. If the move increases the amount you owe on the loan, you may have to pay additional fees on top of the increase.
You don't need to be an Aussie customer
Ongoing low interest rates
Live life at a great rate
Calculate what is best for your financial situation with the Banks.com.au Online Calculators.
