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Investment Property Calculator has released an Excel spreadsheet – Free Loan to Value Ratio (LVR) Calculator. The loan-to-value (LTV) ratio expresses the home loan amount of your mortgage as a percentage of the purchase price or the appraised value of your property. The LVR calculator can show how much you can possibly borrow from the banks …
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Potential borrower who want to borrow 100% of the purchase prices are most likely be unsuccessful and will need to show they can save for a deposit, according to mortgage broker Loan Market. Inquiries for 100 per cent home loans have surged 250 per cent since the federal government’s more generous first home owners grant …
Westpac Banking Corporation has tightened its mortgage loan criteria by lowering its loan-to-valuation ratios (LVR) for new full-documentation mortgage customers on Wednesday from 92 per cent to 87 per cent including two per cent for lenders’ mortgage insurance. The LVR for new low-documentation customers has been lowered by Westpac to 80 per cent including LMI. The …
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