ScaleMortgage Assistance

A joyful couple stepping across the threshold of their new home, embodying the personal achievement and excitement of first-time homeownership with ScaleMortgage's support.
Home Buying, Loan Types

Buying Your First Home: First Time Buyer Mortgage

Setting out on the journey to purchase your first home can appear daunting, yet with the right guidance, it’s a dream within reach. This article is designed to simplify the world of “First Time Buyer Mortgage,” providing you with the insights needed to navigate the process smoothly with ScaleMortgage. Here, we explore how our expertise can clear the path to homeownership, making the acquisition of your dream home not just a possibility but a reality. Let’s delve into how a first time buyer mortgage can be your gateway to stepping over the threshold of your own home.

Illustrative graph showing Loan to Value (LTV) ratio, essential for understanding mortgage financing.

What is Loan to Value Ratio?

Wondering about Loan to Value Ratio (LVR) as you step into buying your first home? LVR is a key term in the home buying world, showing the percentage of the property’s value that your loan covers. The lower your LVR, the bigger your deposit compared to your loan amount. This guide dives into why LVR matters, especially when applying for a home loan, and how keeping it under 80% can be beneficial. We’ll also cover how ScaleMortgage can assist you in understanding and potentially lowering your LVR to secure a better loan deal, saving you money and making your home buying journey smoother.

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