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Want to refinance? Your LVR is the secret to getting a lower interest rate
Your loan-to-value ratio (LVR) refers to the amount of money you need to borrow in comparison to a property’s value, and it’s expressed as a percentage.
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Your loan-to-value ratio (LVR) refers to the amount of money you need to borrow in comparison to a property’s value, and it’s expressed as a percentage.

There are a number of lenders that reward you for refinancing your home loan.

Australia’s housing market can be challenging, and you might think buying a home for $600,000 is almost impossible, but property can still be found at this price in our regional areas, and even our cities if you’re looking to buy a small apartment.

Whether you’re at the stage of working out how much you can afford or you’re ready to compare home loans, it never hurts to have some expert tips at your disposal – especially if you’re unsure about how to buy your first home.

The Commonwealth Bank of Australia (CBA) has launched a new offensive in the fixed-rate home loan battle, becoming the second of the nation's Big Four banks to offer a headline rate under 5% p.a., as competition intensifies.

Home loan interest rates are starting to settle following the Reserve Bank’s August rate cut, and top customer-owned lenders are smashing the big banks with leading rates.

By far the biggest ongoing expense for the majority of Australian property owners is their monthly mortgage repayments. And yet, we are stubbornly loyal to the banks, often paying higher interest rates than we need to.

According to our home loan experts, if they were to pull together a list of all the things that you’d want in a home loan, it would have a low rate, no fees, features to help you pay off your loan sooner, and come from a trusted lender.

If you’ve ever sat down with a mortgage broker to discuss home loans, you might think you’re getting access to every great deal out there. But the truth is, not all lenders deal with mortgage brokers and that could leave you missing out on some seriously good deals and savings.

Another 12 providers joined the ranks of lenders offering borrowers fixed interest rates below 5% for one- and two-year terms in August, bringing the total to 29 according to Mozo analysis.