The mortgage industry is a wide, wondrous world with a language all of its own. One of the many acronyms bandied about is ‘LVR’, which stands for ‘loan-to-valuation ratio’. Here’s what it means. Continue reading What is LVR?
There is no doubt that home loan lenders across Australia have tightened their lending requirements over recent years and borrowers now need to provide more detailed information to obtain a home loan.
For many borrowers this is leading to frustrating delays in applications and approvals. In many cases it is impacting the ability of potential home purchasers to obtain a home loan in the house price bracket they are seeking.
Below are some tips on how to approach your home loan application to give you the best chance of a positive result the first time!