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Lender Value Ratio

Loan to Value Ratio (LVR) is a complicated term that even financial institutions can have trouble simplifying. At its core, it is a measure of how much of your property’s value you do not have debt against. It is a calculation of your loan balance divided by the assessed value of your property. For example, …

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Downsizers tipped to be a ‘powerful force’ in 2020

Downsizers are tipped to take advantage of ‘the perfect storm’ and get the most out of the property market this year, predicts the national body representing professional buyers’ agents. With softer lending conditions and strong property prices tipped for 2020, cashed-up downsizers looking to sell the family home and move into apartments or regional areas …

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Are you being stung by the loyalty tax?

Once upon a time you were rewarded for loyalty. But borrowers with older mortgages are typically paying a higher interest rate than customers on new loans, confirms the Reserve Bank of Australia (RBA). The RBA’s study finds that the difference in interest rates between new and outstanding variable-rate home loans increases with the age of …

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