High LVR Mortgages
High LVR mortgages are mortgages or home loans that have a higher loan-to-value ratio (LVR) in comparison to the LVR set for other loans. Basically mortgages with a higher LVR means the amount you borrow is much higher in relation to the amount of deposit you are required to outlay. For instance a home loan with an LVR of 95 percent means that if you wanted to purchase a property valued at $300,000, you can borrow up to $285,000 and the remaining $15,000 is what you need to save as a deposit, which is 5 percent of the property purchase.
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