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6. Be Honest on Your Application

6 Be Honest on Your Application
Be Honest on Your Application – 8 Tips Before Getting a Loan

It’s not a good idea to try trick the system.

Remember we mentioned transparency? You wouldn’t want your lender lying to you or giving you misleading information regarding your loan. So why would you lie to them?

If you lie, you could lose your loan

One thing we should all remember is that when we lie, no matter how small or big the lie, one way or another it will catch up with you. Never lie when you fill out your loan application, don’t lie about your income or your credit score.

This is one very common mistake that you would want to avoid at all time, even if you might think that it won’t hurt anyone to tell a “white” lie. One white lie can result in distrust and building a trusting relationship with your lender is key.

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