Please visit rams.com.au/terms to view FAQs relating to changes to your home loan General Terms.
  • Glossary of useful terms and definitions

  • The language and jargon used in purchasing a property can be very confusing. Here's an A-Z glossary of commonly used words and phrases, with easy-to-understand definitions for each one.
    Something missing? Contact us to let us know.
  • H


    • Holding deposit

      A refundable deposit demonstrating the goodwill of the buyer to proceed with the purchase.

    • Home insurance

      A way of referring to both buildings and contents insurance.

    • Honeymoon rate

      Honeymoon rate, or introductory rate, home loans offer a lower interest rate for an introductory period, usually the first 1-3 years of the loan. Once the honeymoon or introductory period ends, the interest rate usually reverts to a higher rate. This is often, but not always, the lender’s standard variable rate.