Application integrity and honesty

When applying for a home loan it is imperative to inform your mortgage broker of everything relating to your financial history.

Your mortgage broker cannot see certain things on your credit report, particularly if there are older than 10 years, so honesty is always the best policy.

In the event that you do not fully disclosure all past adverse credit history, and the lender identifies it during the application process, it will not be seen as favorable and your application may be declined. Integrity is everything when banks are lending money, so always be honest upfront.

Should you deliberately withhold information that you know will affect your home loan will only end badly for you the client, so always disclose as much as possible.