In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
NMS (Net Monthly Surplus)
Is your net income minus your total monthly living expenses. It is then divided by your current debt and the monthly payment amount of the home loan you want to apply for. Each lender has their own criteria for the NMS, but they are usually similar. This determines overall the amount you have of additional spending per month.
To calculate net surplus: after-tax monthly income - monthly living expenses)/Total Monthly Commitments.
Learn MoreThe monthly surplus is defined as the amount by which your income is greater than your spendings.
Learn MoreThe NSR calculation takes your net income and subtracts your total monthly considered living expenses.
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