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Living expenses can make or break a deal – and if you get them wrong, you're not just losing the loan, you're risking your compliance, AND you’ll look like a numpty to your client.
In this video I'll cover:
How I calculate living expenses using bankstatements.com and Frollo
How to have the conversation with your client when their living expenses are high – without losing the deal or the relationship
How to get living expenses as low as possible on paper, while still being compliant
When NOT to change living expenses – because sometimes the answer is just no, and you need to know when that is
This is one of those topics that sits right at the intersection of good broking and good compliance – and getting it right protects both your client and your business.
Living expenses can make or break a deal – and if you get them wrong, you're not just losing the loan, you're risking your compliance, AND you’ll look like a numpty to your client.
In this video I'll cover:
How I calculate living expenses using bankstatements.com and Frollo
How to have the conversation with your client when their living expenses are high – without losing the deal or the relationship
How to get living expenses as low as possible on paper, while still being compliant
When NOT to change living expenses – because sometimes the answer is just no, and you need to know when that is
This is one of those topics that sits right at the intersection of good broking and good compliance – and getting it right protects both your client and your business.
