Insights & Advice

There’s more to applying for a loan than a large chunk of savings. According to Shelley Stone of BOS Financial Services, the credit environment is more complex than it has ever been. As a result, banks are putting applicants under more scrutiny than ever before.

In the process of applying for a loan for a property, Loan to Value Ratio (LVR) is a term that is going to come up a lot. LVR is expressed as a percentage, but really, it’s more than just a number. It’s a way of quickly comprehending your position when applying for a mortgage.

Sometimes circumstances change. You might have put down your initial deposit with every intention of moving into your new off-plan apartment. But now you need to sell. If you’re still waiting for settlement, this presents a unique problem.

With over three decades of experience in the Canberra real estate market, Paul Corazza has seen it all.