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Mortgage Lie

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markgage Guest	Posted: Thu Jul 10, 2008 11:23 pm    Post subject: Mortgage Lie Hello, I recently filled out for a mortgage and lied on my application. I said I completed college when I actually never finished. With only 20 credits to completion, my mind wrote yes. I'm so screwed. What should I do? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
larry Joined: 27 Jun 2007 Posts: 3328 474.61 Dollars($)	Posted: Thu Jul 10, 2008 11:57 pm    Post subject: Hi markgage. Welcome to the forum. Why have you lied? Now if you have good credit and do have the ability to pay the monthly payments, then you shouldn't have much problem. Why are you lender saying? Best of luck, Larry
evolovik26 Community Experts Joined: 15 Aug 2007 Posts: 538 Location: Minneapolis 28.93 Dollars($)	Posted: Fri Jul 11, 2008 9:38 am    Post subject: Well graduation from college typically wont affect your mortgage application so I don't think you need to worry too much. Just don't lie in the future. _________________ Eugene Volovik Home Loan Consultant Countrywide 612-481-3127 Conventional, FHA and Commercial Lending in 48 states
markgage Guest	Posted: Fri Jul 11, 2008 5:45 pm    Post subject: Lie Ok, I can stop worrying, I should know soon the results. markgage
michael_ueltschey Joined: 11 Jul 2008 Posts: 16 6.47 Dollars($)	Posted: Fri Jul 11, 2008 8:37 pm    Post subject: Mark, Most loan officers don't even ask that questions on applications. If you never even went to Kindergarden you would be fine.
markgage Guest	Posted: Fri Jul 11, 2008 9:14 pm    Post subject: :-) Yeah, I thought it was weird.. The only reason is because my fiance has her masters, but when we met, I didn't think it would be serious. I'm trying to complete my last 20 credits now so that I can tell her the truth. The hardest secret of my life and I wish I just told her 4 years ago, she would have supported me to finish then. This was a joint application. I thought it was weird to see it actually. Kyle
brian1 Community Experts Joined: 14 Jun 2008 Posts: 361 Location: Northern California 0.65 Dollars($)	Posted: Fri Jul 11, 2008 9:49 pm    Post subject: The question is how many years of school not did you graduate. Do the right thing TELL HER. She will find out eventually..... Almost 22 years of maried experience to glean from...... She will getover it just come clean and stop worrying about it.... B _________________ Licensed Broker 50 states http://www.aimwithfocus.com Need quick advise email or PM Glad to help
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 9749 Location: bloomfield, ct 35.02 Dollars($)	Posted: Mon Jul 14, 2008 9:54 am    Post subject: i would think you'd obtain forgiveness easily enough. no need to concern yourself with lying on the mortgage application - you're not likely to get prosecuted for telling the loan interviewer the wrong number of years of education. _________________ George M. Akerley Loan Consultant 860-221-5044

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