Just wondering how does the bank actually counts what they can lend to people?
We just applied for pre-approval and initially on the phone we got $120k more than what we got when we got reply from the bank with the final figure.
Somehow they didn't take into account the "gross" declared income that was declared to ATO. They calculated it based on final number (that included all deductions and depreciation numbers) leaving us with diddly squat.
Do we need to stop putting in deductions to ATO in order to get a decent size loan?
Grrr