Mac is about to make the following changes:
1. Benchmark rates on all existing and other lender debts
2. Tighter cash out policies
3. HEM living expenses
So I just did one for a customer where their borrowing capacity dropped $320,000 based on the new changes.
NAB are about to make changes to the servicing calc too - very similar to point 1 above.
1. Benchmark rates on all existing and other lender debts
2. Tighter cash out policies
3. HEM living expenses
So I just did one for a customer where their borrowing capacity dropped $320,000 based on the new changes.
NAB are about to make changes to the servicing calc too - very similar to point 1 above.