This app will show you the value of the investment property you can buy based on a variety of LVRs.
LVR stands for Loan to Value Ratio – the percentage of the purchase price that the bank will lend you to buy a property. The standard LVR is 80% but you may be able to borrow up to 95%.
Loans over 80% will require LMI (Lender’s Mortgage Insurance) – an insurance policy that you pay to protect the bank for the extra risk they take by lending over 80%.
This App was developed by Michael Sloan.
Michael is the founder of The Successful Investor, external property advisor to the NAB, and author of The Formula to Successful Property Investing.
Michael’s informative articles can be found on the Help and Guidance section of the NAB website learn.nab.com.au/michael-sloan/
Michael is a regular guest speaker at property forums hosted by mortgage brokers, financial planners, and accountants. To attend an event or to host one for your clients, please email
[email protected]For more information on how Michael can help you become wealthy through property investing visit:
www.thesuccessfulinvestor.com.au
www.theformula.com.au
For a free consultation and more information on how the team at The Successful Investor use The Formula to help their clients remove risk from property investment, visit www.thesuccessfulinvestor.com.au
DISCLAIMER:
The results from these calculators are based on the limited information provided and are designed as a guide only. Results are not to be relied on to purchase at auction. You will still need to satisfy your banks’ standard lending criteria and full application process
