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Hi Buzz Generally, if your car is a FMV provided by employer AND you dont have anither vehicel then quite a few leders will allow a net income equivalent of 3 to 5 k. Its in this area that an independent mortgage broker can help you heaps ta rolf

Hi AP Your situation is treated differently by lenders You receive a direct attributable benefit which is be "grossed up" by lenders. This doesnt generally apply to benefits received via a car lease etc, but items such as mortgages and living costs such as phone and power. Yes...

Hi All Much depends. BUT generally most lenders will look at how much bacon you bring home, generally not what FBs you get. Some lenders will look at a car and add say 4 k to your bottom line In reality a car loan is a car loan is a car loan. A 30 k + car costs more money to keep...