How To Use The LVR Calculator
The LVR calculator is a simple tool that can help you understand your Loan-to-Value Ratio. The calculator asks for two pieces of information:
- 1. Property value:Â The current market value of the property you are buying.
- 2. Loan amount:Â The amount of money you are borrowing from the lender.
Once you have entered this information, the calculator will determine your LVR, and the result will be displayed.
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What is LVR?
The Loan-to-Value Ratio (LVR) of your loan is the percentage of the property value that you’re borrowing.
Lenders use the LVR to assess your home loan application, as it indicates the likelihood that they will lose money if you can’t repay your loan.
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Disclaimer:Â The above results are based on the limited information you have provided. This calculator is a guide only, please seek financial advice before making any decision.