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Calculators could catch brokers out

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Australian Broker | 01 Apr 2011, 04:30 AM Agree 0
QED Risk has strongly recommended brokers develop their own serviceability calculation procedures rather than relying on lenders
  • oldBroker | 01 Apr 2011, 12:53 PM Agree 0
    Most lender calculators have changed to include a field to enter actual living expenses and it will take the maximum. So this is a non-issue.
  • gmashe | 01 Apr 2011, 04:54 PM Agree 0
    True. And 95% of brokers never use it. The point is really around the "accounting" process, not whose calculator you use.
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