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From: Anonymous


hi everyone,

back after long break, can someone help.
l have a good idea about L.V.R and work out our position before going to bank and even take figure in usually spot on. however l dont know how to work out our serviceability according to the bank....we feel comfortable but what is the banks limit some say 25-35% of gross income...is this right and any other factors....cheers gleny
 
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Sim

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Servicability

Reply: 1
From: Sim' Hampel


Find yourself a good independant mortgage broker and ask them about servicability. As has been discussed previously in the forum (use search function)... there are about as many different ways to calculate servicability as there are loan products.

I know Rolf, our resident mortgage broker guru, has a nifty little database and application that compares servicability models from different lenders. It can really help you work out what you can afford and which lenders to target.

 
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Servicability

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From: Anonymous


Dear Sim,

You gave my great ideas, and contacts

Cheers

Gleny
 
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Servicability

Reply: 1.1.1
From: Funky Whuff


Hi all,
gleny, another good place to try is Jan's new book (as discussed on the site)- it has a good chapter about LVR and DSR (debt service ratio...) very good and easy to understand ...
Funky

Q. Why aren't physios good in bed?
A. Because they normally get the swelling to go down...
 
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