What’s home loan equity

[vc_row][vc_column][vc_column_text text_larger=”no”]Your usable equity is how much of your equity you can access as a loan. Your bank or lender works this out using a Loan to Value Ratio(LVR). When calculating how much equity you can use, most banks look for an LVR that is 80% of the current value of your home. This means your usable equity will be 80% of the value of your home minus the current balance owing on your home loan.

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