A short PDF explainer defining Loan to Value Ratio (LVR) for mortgage borrowers: what LVR is, why it matters for borrowing and eligibility, a numeric example (borrow $400,000 on a $500,000 property = 80% LVR), and practical lender guidance (common maxima and the role of Lenders Mortgage Insurance).
Questions this document answers
Property value $500,000; loan $400,000; LVR 80%.
Most lenders will finance 80% LVR (or higher with LMI).
Low-documentation loans may be limited to 60% LVR without LMI.