How does the mortgage in order to Worthy of Ratio calculator performs?
Find out about ANZ LMI with this Secret Truth Sheet (PDF 370kB) or read our post on Loan providers Home loan Insurance policies.
*Worth of try ANZ’s valuation of safeguards property and might be varied towards rates you have to pay to have a home.
The loan to Value Ratio (LVR) ‘s the amount you’re looking so you can borrow, determined because the a share of your worth of the property you want it*. Such as when you find yourself borrowing from the bank $eight hundred,one hundred thousand purchasing an effective $five hundred,one hundred thousand https://paydayloanalabama.com/ballplay/ property, your LVR would be 80% (as $eight hundred,one hundred thousand is 80% away from $five-hundred,000).
Brand new calculator will show your estimated LVR game around you to definitely decimal section. Such as if the estimated LVR was determined since %, it might be round to 80.1%. (suite…)