Discover the difference between home equity loans vs cash-out refinances. Learn the financial implications of each option for accessing property value.
Expand access to sustainable homeownership to first-time home buyers with Fannie Mae's 97 percent loan-to-value (LTV), low-down payment mortgage program
Your loan-to-value ratio can have a big impact on how much you pay in interest and what happens when you want to sell.
The loan-to-value (LTV) ratio is a lending risk assessment ratio that financial institutions and other lenders examine before approving a mortgage.
LTV: Loan-to-value ratio CLTV: Combined loan-to-value ratio HCLTV: Home equity combined loan... Cash-Out Refinance 6FRM/ARM: 85% FRM/ARM: 95% 2 Units 1 Unit 680 if > 75% 640 if ≤ 75% 700...
Looking to refinance your home loan? If you're looking to switch your home loan to us from another bank, we can help you make the smart choice.
How much equity do you need to refinance? Many loan programs require at least 20%, but some lower-equity options exist.
Applications to refinance a home loan jumped 15% recently, to the highest level since August 2022, according to the Mortgage Bankers Association’s seasonally…
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. FHA loans are often recommended for first-time homebuyers or those with less-than-stellar credit histories because they're generally easier to qualify for, come with more affordable mortgage rates, and require less cash up front to get into a home. ...
Use our digital refinance calculator to compare rates, estimate savings and make an informed decision about switching your home loan to CommBank.