Mortgage loan Interest Levels

Mortgage loan Interest Levels

Owner Occupier prices

Standard Variable Rate – Owner Occupier

LVR stands for the loan that is initial value ratio at loan approval. LVR may be the number of your loan set alongside the Bank’s valuation of the home wanted to secure your loan expressed as a share.
For instance, financing of $400,000 to get a property worth $500,000 leads to a loan to value ratio of 80%. The interest levels here are for brand new loans. Mortgage loan rates are set on the basis of the LVR that is initial don’t change as a result of modifications into the LVR through the life of the mortgage. Continue reading