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Lawform Financial Services Group Pty Ltd
12 View Street, Camden, NSW 2570
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How much can you borrow?

use our mortgage and loan calculator
Subject to serviceability most applicants can borrow up to 95% of the value of property plus capitalizing Lender’s Mortgage Insurance for a purchase of property.  In some instances an applicant can also borrow a secured Credit Card at home loan rates to assist with associated costs i.e. stamp duty and Conveyancing costs.  Each Lender has different policies and you will need to speak to a Lawform Broker to find out your individual borrowing capacity.

When looking at refinancing current debt most Lenders will normally lend up to 90% of the value of property.

In most cases borrowing over 80% of the value of property will attract Lender’s Mortgage Insurance (LMI).   This is a one off cost based on your Loan to Value Ratio (LVR) that can often be added to the loan.  

LVR is calculated by dividing the loan amount by the actual purchase price or valuation of the property, then multiplying it by 100. For example: You would like to borrow $340,000. The property that you want to buy is valued at $400,000. The LVR of the home loan would be: $340,000 loan ÷ $400,000 property value x 100 = 85% LVR.

The Lenders Mortgage Insurance reduces the risk for the lender when providing you with a larger loan in relation to the property value.

Of course, when deciding on the amount you want to borrow, you will also need to take into account other things such as your current lifestyle, and how much you are willing to sacrifice in order to service a large loan. Your Lawform broker is committed to advising you on a loan that you can comfortably repay, with minimum mortgage stress.

Please use our Mortgage Calculator to get an idea of what your monthly repayments would be (the results of our mortgage calculator are to be used as a general guide only. For an accurate assessment please contact us.) 
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