Search found 3 matches

by Jimmy P
Thu Mar 28, 2019 6:48 pm
Forum: Home Loan Forum
Topic: How do banks calculate the LVR for a refinance?
Replies: 5
Views: 1485

Re: How do banks calculate the LVR for a refinance?

I’ll be able to pay it down to 80% in a few months. The one thing I’m concerned about is the cost. How much does it cost to refinance?
by Jimmy P
Thu Mar 28, 2019 5:18 pm
Forum: Home Loan Forum
Topic: How do banks calculate the LVR for a refinance?
Replies: 5
Views: 1485

Re: How do banks calculate the LVR for a refinance?

Yeah, that makes sense. My LVR based on the estimated current market appraisal is 83%. Will I be charged LMI again?
by Jimmy P
Thu Mar 28, 2019 1:55 pm
Forum: Home Loan Forum
Topic: How do banks calculate the LVR for a refinance?
Replies: 5
Views: 1485

How do banks calculate the LVR for a refinance?

Hi, I’m looking to refinance our mortgage with NAB. We’re currently paying 4.80% and looking to get a better interest rate. I’m trying to figure out my LVR as I heard that this will affect my chances at approval. How do banks calculate the LVR for a refinance?

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