Archive: February 2015

Suburb reports in Real Estate for Australia
Business, Investing, Loan, Mortgage, Property | February 26, 2015
Suburb reports in Real Estate for Australia
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Tax Depreciation Schedule
Investing, Mortgage, Property | February 26, 2015
Tax Depreciation Schedule

What is Tax Depreciation Depreciation is the wear and tear of a building and the fixtures and fittings within it. The Australian Taxation Office (ATO) allows investment property owners to claim this depreciation as a deduction in their annual tax return, reducing their taxable income and hence paying less tax. You can download your special reduced fee application form here…

What Is LMI (Lender's Mortgage Insurance) In Australia
Business, Lender features, Loan, Mortgage | February 17, 2015
What Is LMI (Lender’s Mortgage Insurance) In Australia

What Is LMI in Australia? Lender’s Mortgage Insurance (LMI) is a type of insurance that is used to protect financial institutions and lenders against financial loss when a borrower defaults on a loan and can not pay it back. LMI covers the Lender/Bank against the shortfall that may arise if the following sale of the security property does not cover…

What Does LVR Stand For In a Home Loan?
Business, Lender features, Loan, Mortgage | February 12, 2015
What Does LVR Stand For In a Home Loan?

LVR stands for Loan to Value Ratio. It is the percentage of money that you intend to borrow compared to the overall value of the property. To work out the LVR, divide the amount you are borrowing into the value of the property e.g. It can be calculated using the simple formula: (Property Value – Deposit)/Property Value x 100% The…