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Tag Archives: lvr
LVR and Lenders Mortgage Insurance
If the amount you need to borrow to purchase your new home or rental property gives you a Loan Valuation Ratio, LVR, of more than 80%. (65% for some low doc mortgage loans) Your lender will almost certainly compel you … Continue reading
Posted in Australian Home Loans, low doc, lvr
Tagged Lenders Mortgage Insurance, lmi, Loan Valuation Ratio, lvr
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Lower LVR Preferred by Major Lenders
It is official, banks are making it tougher to get a home mortgage. Despite the bail out from the Federal Government to free up lending, it seems some of our major banks have not got the message. A client reported … Continue reading
Low Doc Mortgage for Debt Consolidation?
Low Doc Home Loan/Mortgage for Debt Consolidation? The credit turmoil has lead to some radical changes in the way home loan lenders assess home loan applications. Lo doc loans have come under greater scutiny, but what are they and what … Continue reading
First Home Buyers Deposit Saver Scheme
Free money from the government. Australians aged 18 and over at last have some help to save for their first home. The First Home Buyers Deposit Saver Scheme became a reality today as the first accounts were made available by … Continue reading
Useful Australian Home Loan Resources
Useful resources for preparing to take out a home loan or purchase a property are listed below. Educating yourself in the different aspects of purchasing a property is the only way to guarantee that you get the best possible deal. … Continue reading
Should You Consider Debt Consolidation Refinance?
Debt Consolidation refinance of your mortgage can lower your monthly loan repayments and reduce mortgage stress for borrowers with multiple loans. Mortgage stress in Australia has highlighted the need for Aussie home borrowers to consolidate their mortgage, credit card debt, … Continue reading