Can I get a LVR 95% home loan (you can download a free Excel LVR calculator)? The answer is yes. In August 2010, the Commonwealth Bank, Westpac and the ANZ relaxed their lending criteria. Westpac lifted its maximum LVR to 92 per cent while the ANZ went further, to a maximum LVR of 95 per cent. …
Free Loan to Value Ratio (LVR) Calculator released
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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100% home loan is not an easy deal
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 lowered its loan-to-valuation ratios (LVR)
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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