There are a lot of terms thrown around in the forum’s which some of us newbie’s are uncertain as to what they mean. Should you have any enquiries regarding what a particular term or abbreviated term means, please post it here. We are hoping to develop a Glossary of Terms / Abbreviations.
SMooTH by name…
SMooTH by reputation…Here’s a couple to get started with :
PPOR – Principal Place of Residence = HOME
LMI – is an insurance payable when a loan is over 80% of the security property’s value. It can be quite expensive but does allow you to buy with a smaller deposit.
FHOG = First Home Owner Grant
CF = Cashflow
CF+ = Positive Cashflow
CF– = Negative Cashflow ( Negative Geared )
CGT = Capital Gains TaxSMooTH by name…
SMooTH by reputation…
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