Home Loan

Home Loan

A loan advanced to a person to assist in buying a house or flat.
LVR
The term LVR is an acronym for "Loan to Value Ratio" and is also sometimes referred to as the LTV.LVR is calculated by dividing the loan amount by the actual purchase price or valuation of the property, then multiplying it by 100.
Here,
LVR = Total Loan amount 0 Total security

What are the requirements to by a house?
Do you have sufficient deposit?
Is the property an acceptable security?
What is your current employment status?
What is your expected income during the life of he loan?
What are the expected expenses during the life of the loan?
What is your credit history?

x