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@godywife Yes this is correct. I spoke to 2 lenders that set my annual expenses at 50k on my application. They had my bank and credit card statements for the last 6 months, it would have been very easy for them to confirm my actual spend of 30k p.a. but that was too low for them.

@resjudicata I usually go with a broker I haved used for over 10 years but due diligence needed to check the pricing he was offering hence why I spoke to CBA with no intention on using them. The broker got me 5.5x which I was comfortable with.

@mikec508 Agree. CBA offered me 7x combined (wife and I) gross income which when I calculated monthly repayments off that, I just couldn't see how I wasn't going to be eating 2 minute noodles and baked beans for the next 25 years and getting an ulcer from the worry of it all. This is how people...