Know About LVR or Loan To Value Ratio
Equity Tap01 Mar, 2023Finance
The Loan to Value ratio is a simple formula which measures the amount that can be lent out in comparison to the value of a security. It also shows how much equity the borrower has in the and how much money they would have left if they sold the house and paid off the loan. LVR is essential, as it is used by the lender for business loan instant approval or terms to offer to the borrower. The higher the LVR, the higher the risk for the lender. Click To Know more about LVR or Loan To Value Ratio.
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