Short video monologue by Aaron Whybrow advising viewers to categorize living expenses (groceries, insurance, telephone, private and government schooling, private health care, investment property expenses, etc.) when completing a home-loan application so lenders can accurately assess borrowing capacity.
Living expenses categorized into simple things whether it's groceries, insurance and otherwise. Hey, it's Aaron from Diagnostics and Finance. One of the things that needs to go on an application and more importantly these days is categorized is your living expenses. That could be anything from basic things like groceries, insurance, telephone, like I'm recording the video now through to private health care, private, private schooling, government schooling, investment expenses related to any properties you have. So when we're going for a home loan there's going to be a little bit more question around living expenses. So this might be a reminder for some of you seasoned borrowers it might be a new thing for people going for a new home loan. So living expenses to be able to be categorized so that that can be taken into account to be be able to borrow the right amount of money for the next property you're going to purchase. Hey, it's Aaron from Diagnostics and Finance. Have a great day.