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  • Profile photo of iainmackiainmack
    Member
    @iainmack
    Join Date: 2003
    Post Count: 1

    James,
    Different Lenders use different ‘servicability rates’ (interest rate used to calculate borrowing limits) plus they have different Cost Of Living figures. On top of that, the two Brokers may have added their own assumptions – or the software could contain built-in assumptions – that differ. In any case, the Brokers should have taken you through what they did, and explained each and every figure.

    Good luck with your future investing.

    Iain MacKenzie
    Principal
    Smartline Home Loans

    I’ll help you choose the best loan for YOU… FREE

    Over 25 Banks, Building Societies and Credit Unions – compare your repayments and costs the easy way and remember: it’s in my interest to save YOU interest

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