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Buying
a Home - What responsibilities do I have during the mortgage process?
To
ensure you won't fall victim to loan fraud when buying a home, be sure to follow all of these
steps as you apply for a mortgage loan:
- Be
sure to read and understand everything before you sign.
- Refuse
to sign any blank documents.
- Do
not buy property for someone else.
- Do
not overstate your income.
- Do
not overstate how long you have been employed.
- Do
not overstate your assets.
- Accurately
report your debts.
- Do
not change your income tax returns for any reason. Tell the whole
truth about gifts.
- Do not list fake co-borrowers on your loan
application.
- Be
truthful about your credit problems, past and present.
- Be
honest about your intention to occupy the house
- Do
not provide false supporting documents.
>>
Learn how to close your Real Estate
Transaction when buying a home
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