How Your Credit Rating Is Rated

How Your Credit Rating Is Rated

What Is a Credit Rating? Your credit rating is a score that is determined by looking at information collected about you over time and using this information to calculate what level of risk you pose to a lender. The information uses patterns in your lifestyle and past...
What is LVR?

What is LVR?

LVR The mortgage industry is a wide, wondrous world with a language all of its own. One of the many acronyms bandied about is ‘LVR’, which stands for ‘loan to value ratio’. Here’s what it means. When you are working out what amount you can borrow to purchase a...
Why should you use a Mortgage Broker?

Why should you use a Mortgage Broker?

Because they save you time and money As the home loan market becomes increasingly complex, more people are turning to mortgage brokers. Here are some of the reasons why. A Mortgage Broker can save you time The choices now available to consumers in the home loan market...
LMI – What is it and who does it cover?

LMI – What is it and who does it cover?

What is Lenders Mortgage Insurance? The lender is protected by Lenders mortgage insurance (LMI) in the unfortunate event of you defaulting on your home loan. When lenders agree to lend you money, there is a small risk that they won’t get the money back if you...