hi guys,
we have application in for loan approval from boi, applicant one 36k a year, applicant two 9900k a year, we have no loans/credit cards, have 20000k lump sum in one account and have been saving 600 per month for last 7 months into save to borrow account, thats on top of our 800 per month rent were paying for last 4 years(proof provided)
thing is the NDI, we have a 3 year old atm, and another one on the way(which bank dont know about yet!!, thou may start getting obvious soon, am 4 months now!)
do you think we should be honest about it, were looking to borrow approx 155k, which would be 760 per month on 2 year fixed rate, on paper we can afford it but by their NDI calculations, not sure they would agree, anyone any opinions?
greatly appreciate your advice