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What is the LVR for my Loan?
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
Xavier is the proud owner and founder of Go Mortgage, an award-winning broker and office located in Arundel on the Gold Coast. Xavier has been working in the finance industry for over 21 years and holds a Diploma in Financial Services and a Degree in Financial Planning. Since 2006 Xavier has been committed to providing 5-star service and helping his clients realise their property dreams.
1300 855 244