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Keep up to date with expert advice and information from Bernie Lewis Home Loans

Your Home Loan Application and Household Expenditure Measure (HEM)

Household Expenditure Measure (HEM) is a measurement tool used by lenders to approximate living expenses. This tool helps to determine your available income which may be used to calculate how you can repay a home loan. HEM is a figure that represents the average dollar amount that households spend each year. There are different HEM categories and your mortgage broker and lender will match you to a corresponding HEM category.

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6 Tips When Choosing A Real Estate Agent

There are a number of factors that you need to take into consideration when selling your home and choosing the right real estate agent and one that will be the ‘best fit’, is always a difficult decision.

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