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Will you be approved for a home loan if your tax returns were false?
Wiki User
∙ 14y ago
If it is discovered that you are dishonest in any financial matter, your application will at the very least, be highly reviewed, and most likely denied. Lie to others, why notn the lender? If your tax reutrnd show you made less than you are claiming to qualify for the loan, you have an obvious problem..what is true? Denied. If you say you only lied to the IRS, well..then the lender is concerned that the property will be taken to satisfy your debt to the IRS...that you aren't disclosing all you owe on the application. Denied.
Wiki User
∙ 14y ago
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What does one need to get approved for a home lender loan?
To get approved for a home lender loan you need to do the following things: fill out an application for the loan with valid and honest personal information, have a stable income, and a solid credit history.
Can person get pre-approved for a home loan of 687?
yes
How does Papa act when he returns from asking for a home owners loan?
quite
What should my credit score be to get a home loan?
The higher the credit score you have, the better chance of being approved for a home loan. You may still get a home loan on a lower score, but the payments and interest will be higher.
How can someone get a home equity loan if they have bad credit?
A person with bad credit can still apply and get a home loan by using the equity in their home as collateral. The more equity in the home the better the chances of being approved for the loan.
What is a good credit score to be approved for using the VA home loan?
560
What happens to home equity line of credit at death?
The loan will come due in full immediately if it is not a joint loan. If there is another person at the home, say a wife of a deceased husband who had the line in his name alone, they will have to be approved for a loan of their own. You cannot have a loan on property that was approved with another persons income/credit score.
How long to you have to own your home to be able to apply for a home equity loan?
You have to own your home for ten years before being allowed to apply for a home equity loan. After that period you have no guarantee that you will be approved.
Can a payday lender sue you if you were not approved for the loan?
No. If you were not approved for the loan, no loan was made and therefore you don't have any responsibility to the lender.
Where is one able to find a guaranteed home loan even with bad credit?
There is no way to guarantee someone will give you a home loan, but if you have poor credit, you can shop the same home lenders as someone with pristine credit. They will assist you in taking the steps to getting you approved for a home loan.
If you're pre-approved for a loan does that mean that you get it?
Being pre-approved means that if you apply for the loan, you will get it.
What is a modification on a home mortgage?
A home mortgage modification mean, "a change in already approved home loan either in interest rate or in its duration etc". Recently Obama administration has modified some 500,000 home mortgage loan.
