Mortgage Muster Blog
aka - Iain-Sights from Dave’s Den
Any information on this website is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider whether the information is appropriate to your circumstances before making any decisions. We recommend obtaining independent legal, financial, and tax advice where necessary.
What is HEM? - Household Expenditure Measure 🐾
When applying for a home loan, lenders don’t just look at your income — they also need to understand your living expenses.
That’s where the Household Expenditure Measure (HEM) comes in.
What is LMI?- Lenders Mortgage Insurance 🐾
If you’re borrowing more than 80% of a property’s value, you’ll often come across LMI — Lenders Mortgage Insurance.