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How come the mortgage so you can Really worth Ratio calculator work?

How come the mortgage so you can Really worth Ratio calculator work?

Find out about ANZ LMI with the help of our Trick Reality Piece (PDF 370kB) otherwise comprehend our breakdown of Lenders Home loan Insurance.

*Worth of are ANZ’s valuation of one’s safety property and might differ on price you pay for a property.

Your loan to help you Value Ratio (LVR) is the count you’re looking so you’re able to use, determined given that a portion of your own value of the home you want to buy*. As an instance while you are borrowing $eight hundred,100000 to acquire an excellent $five hundred,one hundred thousand assets, your own LVR will be 80% (since $400,100 are 80% out of $500,000). Continue reading