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Lying on a home loan application
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Lying on a home loan application

Homebuyers and homeowners who want to refinance may be tempted to inflate their income or hide some of their debts to better their chances of receiving a "yes" from the lender. But lying on a loan application is fraud, and lenders do check up on applicants' information, Kaplan says.

"You should always be honest," she says. "We all go through difficult financial periods, and it's tempting to want to fudge. But if you get caught, it's going to lead to huge headaches, and you will sleep better at night knowing that you aren't living with a lie."


 

 

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