I'm now trying to help my wife to finish her application. Her counsellor told her she has 16 points. I have some questions when I tried to finish the package:
1. Financial Assessment: I should input the household income in Section E Financial Assessment, Part 1. If it's a gross income before tax, should we average the annual bonus to each month?
2. Part3: monthly Living Expenses: there are some information indicating the max. $$ for each category, should I just input the max amount or I should input the real expenses of what we spend? (I'm confused this section is for what we really spend or what we are applying for).
3. We have a property for investment but the net cash flow is negative even it's rental gross income is not that low. Does this factor impact our application?
4. I have salary, but my salary can only afford the mortgage + property tax, all our other living expense are from our savings. Does this impact our application?
Really appreciate if we can get an answer from you.