shopping for home loan
More Mortgage Application Dos and Don'ts
When applying for a mortgage, which of these practices makes sense?
When the application asks how much money you make, write down double the amount you currently receive, so that you'll be sure to qualify for the loan.
When the application asks if you plan to live in the home, write down that you do, even if you don't; otherwise you may not get the mortgage.
Fully disclose all of your debts.
The correct answer is "C". Always provide accurate information. Lying on a mortgage application is fraud, and can lead to criminal penalties.