All Topics / Finance / Loan to Valu (LVR) or Loan to Purchase Price!!

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  • Profile photo of apostleapostle
    Participant
    @apostle
    Join Date: 2005
    Post Count: 17
    May 24, 2005 - 2:10 am

    Seeing as the terminology is ‘loan to Value’ why do a lot of lenders adopt the Loan to purchase price?
    The lenders make the rules.. that’s fine.. so why not stick to them? Any lenders that go by this principle.. I’d love to hear from you?

    Apostle

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    May 24, 2005 - 2:15 pm

    I have never seen it written by those in the industry any other way than LVR and LTV. As it is ‘Loan to Valuation’ and presented as a ‘Ratio’, I believe LVR is the only correct term.

    The Mortgage Adviser

    http://www.themortgageadviser.com.au
    [email protected]

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