Video — Lending Process DOs and DONTs

Heres a video listing the DO and DONT steps to follow in the process of getting a mortgage loan.

To ensure you wont fall victim to loan fraud, make sure you follow all of these steps in the process of applying for a loan.

DO:

Be honest about residency; if youre not going to live in the house, say so.

Be clear and honest about any questions related to your credit history.

Report your finances — debt, income and everything else — accurately.

Do NOT:

List fake co-borrowers

Change tax return figures

Overstate assets or valuations

Fudge employment records

Provide incorrect files to answer questions

Exaggerate income or investments

Buy property for someone else.

Of course, do not sign ANY blank documents, and be sure you have read and understood anything that you do sign. And DO keep your own records of everything.