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what is loan to value ratio and why should i care

What is Loan to Value Ratio (LVR)?

Are you ready to purchase your first home? It seems many fellow Australians are taking the plunge. According to a recent Mozo survey of the 10.3 million properties in Australia, and six million have a mortgage. While it’s exciting, the prospect of taking out a home loan can be intimidating. However, learning a few simple…

LVR, Mortgage, Loans,

lvr, mortgage, loans,
what is lenders mortgage insurance (lmi) cover

What is lenders mortgage insurance (LMI)?

If you are in the process of buying a property, you may have heard that Lenders Mortgage Insurance (LMI) may be required if you are planning on taking out a home loan with your bank. However, if this is your first time buying a home, you may be wondering what LMI is? An LMI meaning…

Insurance, Mortgage, Lender,

lenders, insurance, lvr, mortgage,