Borro’s Post

Does having a high Loan-To-Value Ratio mean that I can't be approved for a home loan? Your Loan-To-Value Ratio can influence your likelihood of securing a mortgage. Having a higher LVR will encourage lenders to be more weary of your financial situation, which may reduce their confidence in lending to you. However, if your LVR is higher than 80%, there is the option of taking out Lenders Mortgage Insurance (LMI) which can enable you to still be approved for a mortgage. 🏠 To discuss how we can help get you the perfect loan for your perfect home, book an appointment with one of our Borro brokers today or call the team on 1300 1BORRO. #mortgagebroker #homeloan #borro

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