Module LIVEXP01
Living Expenses
Calculate living and investment property expenses accurately, and justify them under HEM without guesswork.
Living expenses are one of the most-questioned numbers on a file. This session covers how to calculate a client's living expenses and investment property expenses, what the Household Expenditure Measure (HEM) does and does not cover, and how to justify the figures you submit. You leave able to defend the numbers rather than hope they hold.
What you will be able to do
- ✓ Work out what living expenses actually cover
- ✓ Explain what HEM captures and what it leaves out
- ✓ Calculate living and investment property expenses accurately
- ✓ Justify a client's living expenses to a lender
Format
- ✓ One live session of two hours, on Zoom, camera on
- ✓ A small group, so there is room for real questions on real files
- ✓ 2 CPD points for brokers, recognised by MFAA and FBAA
- ✓ A free re-sit for six months if you want to revisit it
Part of these tracks
This module is included in these course tracks, or you can take it on its own.
- Loan Processor 8 modules
- Mortgage Broker & Broker Support 6 modules
- Loan Packager & Credit 12 modules
In their own words
What past students say
“The result since we completed the training has been improved – we’re getting one to 2 touch formal approvals now, our servicing calculators are now more accurate…This training is not just for brokers who have been in the industry for a long time but also for brand-new brokers or support staff. The knowledge that Amanda imparted and the way she delivered the content was impeccable. We were very impressed.”
Tegan Saleh Operations Manager @ Complete Finance Management “I completed the [Self Employed] training with Amanda and I feel like it’s filled all those gaps…I found the training covered all those little niches and gave a very good general broad overview of everything you need to know. Feeling very confident to write an application after the training.”
Lawson Puho Mortgage Broker