Point of Sale — Mortgage Search Tools

Serviceability

The Serviceability tool will provide Maximum Borrowing Capacity Calculations based on Lender & Product specific rules.

Maximum Borrowing Capacity appears throughout POS Mortgage Search, the Serviceability Tools gives an overview of how this figure was calculated.

The Information used to determine these calculations will pull from Income, Expenses & Living / Dependant Information that is entered into Fact Find — For More information on these specific fields please refer to the Fact Find User Guide.

Loan Details Tab

• The Loan Details Tab will give you an overview of the Selected Loan Details as well as Search Crtieria entered within POS.
• The Loan Details Tab will also provide you with details of what the Lender's minimum Serviceability Requirements are, repayments based on assessment rates as well as Maximum Borrowing Capacity and if the client passes the Servicing Test.

Applicant Details Tab

• The Applicant Details Tab will be populated with the Borrowes Living & Dependant Details. It contains information such as Number of Dependants, Marital Status and number of households.
• The Information contained within this Tab is what is used to determine borrowers living expenses.

Income & Assets Tab

• The Income & Assets Tab displays Incomes Captured in the fact act.
• The Income & Assets Tab also displays the figures the lender will consider from the information entered into the fact find — e.g. Lenders may only accept 80% of Rental Income.

Expenses & Liabilities Tab

• The Expenses & Liabilities Tab displays Expenditure entered into the Fact Find.
• The Expenses & Liabilities Tab also displays what the lender considers an expense for Liabilities — Eg — a Lender will apply a percentage to a credit card limit rather use what the borrower enters to be the expense for the card.

loan O etas

Child S.ort and

Alimony Payments

Faed

Living

& Assets

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Clickingon the magnifiedglasses

within the Expenses & Liabilities page

will produce a pop up that displays

expenses for that particular liability

that wereentered into Fact Find

along with Percentage Ownerships.

Calculate