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Mortgage loan Interest Levels

Mortgage loan Interest Levels

Owner Occupier prices

Standard Variable Rate – Owner Occupier

LVR stands for the initial loan to value ratio at loan approval. LVR may be the number of your loan when compared to Bank’s valuation of your home provided to secure your loan expressed as a share.
As an example, that loan of $400,000 to get a property worth $500,000 leads to that loan to value ratio of 80%. The interest levels here are for brand new loans. Mortgage loan rates are set on the basis of the initial LVR and don’t change as a result of modifications to your LVR through the lifetime of the mortgage.

LVR Annual Rate Comparison price 1
Principal & Interest
Standard price 4.81% p.a. 4.98% p.a.
LVR up to 60per cent
(Includes discount of 0.10% p.a. )
4.71% p.a. Continue reading Mortgage loan Interest Levels