How much of your home’s value could you actually put to work? Our LVR calculator and usable equity calculator show your loan-to-value ratio and how much equity you can access. It’s designed to help you stay clear of Lenders Mortgage Insurance territory.
Your loan-to-value ratio (LVR) compares what you still owe against what your property is worth, shown as a percentage. Usable equity is a bit different. It’s the portion of your equity you can actually access. It’s generally capped some of your property’s value, since going higher usually means paying Lenders Mortgage Insurance
Enter your property’s current value and your remaining loan balance. The usable equity calculator works out your LVR and usable equity in one go. That’s handy whether you’re thinking about renovations, a deposit for an investment property, or consolidating other debts. A broker can help confirm your property’s value and how a lender is likely to assess it.
Questions people usually ask about LVR and usable equity.
LVR compares your loan balance to your property’s value, shown as a percentage. A lower LVR generally means less risk for the lender and better access to competitive rates.
It’s the equity you can access without pushing your LVR above 80%; beyond that point, most lenders require Lenders Mortgage Insurance.
Total equity is simply your property’s value minus what you owe. Usable equity is a smaller, more conservative figure, kept below the 80% LVR threshold.
A lower LVR is generally seen as lower risk, which can mean better rates and avoiding Lenders Mortgage Insurance altogether.
Yes, it’s commonly used for renovations, an investment property deposit, or debt consolidation. The lender will still assess your ability to service any extra borrowing, though.
No, equity and serviceability are assessed separately. A lender will still check your income, expenses, and existing debts before approving further borrowing.
You’ll likely need to pay Lenders Mortgage Insurance, which protects the lender if you default. It’s a real cost worth factoring in before borrowing above that threshold.
We can arrange an accurate valuation, work out your usable equity, and compare lenders across our panel of 52+ if you’re planning your next move.
Explore our other calculators to see how your equity connects to borrowing power, repayments, and refinancing options.
Try our usable equity calculator and see your LVR and usable equity now, then talk to a broker about turning it into your next step.
Credit Hub Australia
Join our dynamic team at Credit Hub Australia as a Finance/Mortgage Broker in our conveniently located Point Cook office, close to the freeway and train station, with free parking available.
In this role, you will be responsible for providing personalised mortgage solutions to our valued clients and also managing your colleagues by co-ordinating the allocation of files and general day to day running of the broker team. With a focus on delivering exceptional customer service, you will guide clients through the entire mortgage process, from initial application to final approval.
“Position is for Mortgage broker on commission/contract basis.”
Sales, cold calling, and networking come naturally to you. You thrive on engaging with prospective clients to understand their unique financial needs and goals.
You will act on leads and existing database as provided and generate sales and ongoing relations.
Actively participate in team meetings and contribute to the overall success of the business
You are an existing broker with proven experience in Mortgage Broking or lending abilities, or in a similar financial services role looking to take your career further with a successful Mortgage house.
In-depth knowledge of the Australian mortgage market, including products, policies, and regulatory requirements.
Excellent communication and interpersonal skills, with the ability to build lasting relationships and earn client trust.
A strong commitment to delivering outstanding customer service and consistently exceeding client expectations.
Self-motivated and capable of working independently, while also thriving in a collaborative team environment.
Relevant industry qualifications, such as a Certificate IV in Finance and Mortgage Broking.
Ability to manage multiple tasks, stay organized, and work reliably without supervision.
A results-driven mindset with a strong sales focus, coupled with exceptional work ethic, time management, and multitasking abilities.
At Credit Hub Australia, we are committed to providing our team with a supportive and rewarding work environment. Some of the key benefits of joining our team include:
Credit Hub Australia is a leading provider of mortgage and finance solutions, with a strong presence in the Point Cook in the Western Suburb of Melbourne and surrounding areas. Our mission is to empower our clients to achieve their financial goals by delivering personalised, expert advice and exceptional customer service. We are a dynamic and growing team, driven by a passion for helping our clients and making a positive impact on our local community. We are with Finsure as an agrregator Group.
If you’re ready to take the next step in your career as a Mortgage Broker, apply now to join our team at Credit Hub Australia.
