Asked in Personal FinanceLoansHome Equity and RefinancingTaxes and Tax PreparationIncome TaxesMoney ManagementTax Refunds
Will you be approved for a home loan if your tax returns were false?
July 12, 2009 2:44AM
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.