Yea it is not up to you. You have to provide(accurately) the information the bank wants. Some want gross and some want net. Some want debt to gross income ratios or debt to net income ratios. Just give them what they ask for according to your tax returns and your debt payments. I think Auto loans are easier to qualify than home loans
They are much stricter now than they were 5 or 10 years ago when so many defaulted on their loans. Yes write offs are great--until you need a loan. Sometimes that can work against you. Just a no win situation. Really can help if you save up a large down payment. That can make you look better to banks
Last edited by Charles; 03-13-2014 at 07:47 AM.