What is LVR Ratio?LVR Ratio is a numerical formula a lender uses to help identify a loans risk value. LVR Ratio is the ratio of Valuation vs the Loan amount. Eg. Property value of $250k and Loan amount of $200k. 200/250 X 100 = 80% LVR = 80% Higher LVR ratio's are more of a risk for a lender. Limitations are often put on products and can attract higher interest rates and fees. Choosing the right lender can provide competitive rates and fees across all LVR ratio's. Loan Saver Network will look at your individual situation and provide clear advice, guidance and assistance to help you move forward and where possible obtain the funds you need.
|
