Why Should You Use an LVR Calculator?
An LVR Calculator is a must-have in your home-buying toolkit. It not only aids in understanding your borrowing capacity but also helps determine whether you’ll need LMI. By knowing your LVR, you can make informed decisions about your mortgage.
Navigating the Maze of Mortgages: Practical Applications of the LVR Calculator
Planning Your Mortgage with the LVR Calculator
The LVR Calculator can serve as a useful guide when planning your mortgage. By manipulating the variables in the calculator (loan amount and property value), you can strategise your borrowing and repayment plan. It’s like having a financial GPS for your home loan journey!
LVR Calculator: A Tool for Risk Assessment
Lenders utilise the LVR Calculator as a risk assessment tool. A high LVR signifies high risk, while a low LVR denotes low risk. With this understanding, you can better navigate your negotiation with lenders.