Your Loan to Value Ratio (LVR) is the percentage of the security property value that you are borrowing.
Simply put, it’s the loan amount divided by the value of your property.
So, if the property you want to buy is $500,000 and you want to borrow $3300,000, your LVR is 60%.
Want to know more? Speak to a Mortgage Broker on 1300 855 244