Thinking about fudging numbers on your mortgage application?
Don’t.
Don’t do it if you are my client or someone else’s.
You are wasting everyone’s time. Off the bat, you just wasted your own time, my time, the seller’s time, the seller’s agent’s time, the brokerages on both sides time, the loan officer’s ‘ the loan processor’s and probably some other people’s whom I can’t think of right now.
Your income….really? You were on workmen’s comp, but failed to mention that. Student loans were paid late or are in arrears? Your divorce isn’t final and your soon-to-be-ex spouse is refinancing? But, in his or her own good time, and not before you want to close?
No problem. But, why are you bothering all of us and making us do our jobs, if you can’t do yours?
Please, before you begin the hunt for a new home, meet with a lender, and TELL THE WHOLE TRUTH., the whole unvarnished, blemished and uncomfortable truth.
Honestly, the lender won’t judge you, but advise you how to be proceed to clean up the details so that when you are scrubbed and have a decent credit score and are credit-worthy, you can begin to find your new home.
Until then….don’t call me. Please.
Comments (17)Subscribe to CommentsComment