LVR stands for Loan to Value Ratio. It relates to the amount of the loan against the value of the property you are buying.
For example, if the property you intend to purchase is valued at $600,000 and the loan you apply for is $480,000, your LVR would be 80%.
It's good to know your LVR when exploring your home loan options as discounted interest rates can sometimes be offered on a lower LVR. Also, if your LVR is higher than 80% you can be charged Lenders Mortgage Insurance (LMI).
If you need more information, one of our mobile lenders can come to you, even on weekends, and talk you through the best option for your home lending needs. Alternatively, please call 13 25 77 or visit your local branch and one of our friendly team will be happy to assist.