I have a suspicion that my estimates of our living expenses are a bit too generous and I'm damaging our serviceability by over-estimating them. I understand that lenders have reference figures, eg a family of two adults and two kids should spend $x per month on food, etc, and I've been told before by brokers that my estimates are always way over what the lenders predictions are.
Does anybody know how I can gain access to these baselines, so that I can reduce our stated expenses to a lower, "more reasonable" figure, but without risking the lender thinking that I'm understating expenses?
Does anybody know how I can gain access to these baselines, so that I can reduce our stated expenses to a lower, "more reasonable" figure, but without risking the lender thinking that I'm understating expenses?