A borrower who has held a mortgage for 10+ years would have a lower "Loan to Value Ratio" (LVR) today...which would allow access to credit alot easier...
When a borrower starts out...there LVR might be as high as +80%...however as time carries on it should decrease...allowing for more "equity"...which in return a financier allows more credit if needed...
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A borrower who has held a mortgage for 10+ years would have a...
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