Sentences with phrase «lie on your mortgage application»

Should you lie on your mortgage application?

Should you lie on your mortgage application?

Finally, do not do business with anyone who encourages you to lie on a mortgage application.

Lying on a mortgage application is fraud and may result in criminal penalties.

Should you lie on your mortgage application?

Does this mean that prospective buyers are lying on their mortgage applications by either embellishing their incomes or understating their liabilities?

Not exact matches

Philip Penton implies that the mortgage debacle occurred because of people lying on their loan applications (7 July, p 31).

(Many homeowners defaulted on their mortgages over the past few years because they lied about their financial circumstances and / or worked with unscrupulous lenders who overlooked deficiencies in their loan applications in order to generate more business.)

While some people try to avoid this by lying on their application, you should be aware that this is considered mortgage fraud and can result in your application being denied.

You may not think a little white lie, or omission is a big deal, but fraud is fraud, even on a mortgage application.

Are «white lies» okay on a mortgage application?

Among those expected to be arrested are people who encourage borrowers to lie about income on home loan applications, mislead homeowners about mortgage rescue programs, and inflate home appraisals.

At the peak of the flipping boom in second - quarter 2005, when 95,000 people across the country flipped single - family homes or condos, many flippers were holding two, three or four mortgages, experts say — partially driven by investors who lied on their applications, saying the homes would be their primary residences so they could get cheaper interest rates.