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, 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 7 modules
- Mortgage Broker & Broker Support 6 modules
- Loan Packager & Credit 12 modules