Andrew

My interest rate's, whatever my interest rate is, 7%, sorry, 5%.

But the bank is going to say, yeah, but it might not always be 5%.

So we're going to use a servicing test rate.

And that right now is about 7%.

You also might be paying interest only if you've got a rental property.

So you might be paying 5% on interest only every year.

The bank doesn't look at it that way.

They say 7% is if you're paying principal and interest, and that might be over 25 years rather than not considering it.

So in terms of what you're actually paying per week,

You might be paying $484 a week based on that scenario, which you might think, well, that's great.

My rent pays for that.

I'm basically cash flow positive.

No, no, no.

The bank says, well, we look at it as if you're almost spending $700.

So therefore, you're negative $200 plus you've got other costs to factor in.

Tarot.

Yeah, if anyone hears from the FMA or any of the banks, like Ed just suggested you get a tarot card, that's what's known in the industry as a gag.

So I'll let you dive into this.

So in terms of income, that's what we call uncommitted monthly income.

This is figuring out how much the bank... That's not what you were meant to say.