Our friendly team are here to help you through the home loan process and choose the right loan for you.
The information provided on this website does not take into account your objectives, financial situation or needs. Therefore, you should firstly consider the appropriateness of this information and refer to the Terms and Conditions or the relevant Product Disclosure Statement (PDS) before acquiring a product. These documents are available at our branches or by contacting us on 1300 654 822.
Your LVR can impact your loan options and the interest rate you qualify for. Some interest rates are only available if your LVR is under a certain percentage.
If your LVR is over 80%, you may need to pay Lender’s Mortgage Insurance (LMI).
LMI is a one-off insurance cost that is added to your home loan to protect the lender against any loss on the loan if you default on your repayments.
If your LVR is above 80%, you are required to pay for LMI unless you are eligible for certain waivers. The higher your LVR, the higher the LMI cost is likely to be.
