Owner Occupier prices
Standard Variable Rate – Owner Occupier
LVR stands when it comes to loan that is initial value ratio at loan approval. LVR may be the number of your loan when compared to Bank’s valuation of the home wanted to secure your loan expressed as a share.
For instance, that loan of $400,000 to get a residential property worth $500,000 leads to that loan to value ratio of 80%. The interest levels listed 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.||4.88% p.a.|
|LVR above 60per cent as much as 80per cent
(Includes discount of 0.05% p.a. )
|4.76% p.a. Continue reading “Mortgage loan Interest Levels”|