Skip to main content
  • Dashboard
Courses
  • All Courses
Lessons
  • All Lessons
Tools & Calculators
  • Purchase Costs
  • Stamp Duty
  • Borrowing Power
  • All Tools & Calculators
Community
  • Forum

  • Sign in for personalised lessons

How to Property
How to Property is in Early Release. Full release 14 May 2026. Provide feedback and contact for partnerships.Contact Us

L

7

  • Lender PanelThe list of lenders a mortgage broker is accredited with and can recommend products from. Panel sizes vary, with most established brokers having access to 20 to 60+ lenders through their aggregator. A broker can only recommend products from lenders on their panel.
  • Lenders Mortgage InsuranceInsurance that protects the lender (not the borrower) if the borrower defaults on their home loan. Usually required when the loan-to-value ratio exceeds 80%, meaning the borrower has less than a 20% deposit. The cost is typically paid by the borrower.
  • Lenders mortgage insurance (LMI)A one-off insurance premium paid by the borrower to protect the lender if the borrower defaults on the loan. It applies when the deposit is below 20% of the property value and typically costs 1% to 3% of the loan amount.
  • Loan Application FeeA one-off fee charged by the lender to process and set up your home loan. It covers administrative costs including credit checks, document preparation, and loan approval. About 39% of lenders charge this fee.
  • Loan-to-Value Ratio (LVR)The percentage of the property value that you borrow. Most lenders charge LMI when LVR exceeds 80%.
  • Loss aversionA cognitive bias where the psychological pain of losing something is roughly twice as intense as the pleasure of gaining the equivalent amount. Losing $50,000 hurts about as much as gaining $100,000 would feel good.
  • Loss aversion coefficientA numerical estimate of how much more strongly losses are felt compared to gains. Tversky and Kahneman estimated this at approximately 2.25, meaning a loss needs to be offset by a gain roughly 2.25 times larger to feel neutral.
How to Property

Free property education for Australians.
From first steps to settlement.

© 2026 How to Property.
All rights reserved.

Browse

  • Courses
  • Tools & Calculators
  • Definitions
  • Resources

Company

  • About
  • Contributors
  • Terms of Use
  • Privacy Policy

    • Media

    • Blog
    • Updates

    Stay in the loop

    New courses and guides — no spam, unsubscribe any time.