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Hi atsim, Are you counting the 350 + 450 from your rental income? I believe that banks only count 70% of rental income when making their calculations (I could be wrong). But I feel your frustration, I went through the same thing trying to get a loan...and was frustrated that FHB were able to...

dan c, thanks for the info - i didnt realise that! So technically taking into account the gross income I wouldn't fall into the 'mortgage stress' category. However, I have to say, that even with an equation using the gross income, it is still extremely variable and innaccurate. i.e...

I actually commented in another thread about the 30% mortgage stress equation. I think it's a completely invalid tool and mortgage stress would have to be assessed based on a houshold's earnings plus other debts. for example, my partner and I take home $2,000 per week. We pay $600 (sometimes...