It is fairly common when some one decides to apply for a loan , including mortgages, remortgages and secured loans that it will help their case if they tell lies and exaggerate , and they truly believe that they will be approved more readily for the finance..

If some one wants fast approval, honesty is the best policy,, as any other way will cause hold ups.

When a person wants a mortgage to buy property , the first move is to complete an application form in which he must fill in salary details, what they pay out monthly on loans, credit cards, etc..

The would be mortgage borrower must also fill in everything about how much he spends each week on groceries, heating, electricity, etc.

When applying for a remortgage the very same questions are asked , as it must be remembered that a remortgage is only changing a mortgage from one lender to a new one.. This is usually taken out at the end of a mortgage deal in order to achieve a better deal with another mortgage deal. On occasions additional funds are requested that can be used for many different reasons..

Also the application form that must be completed for the other home loan of secured loans contains identical questions as that for remortgages or mortgages.

When an applicant lies about how much he earns to make the application appear better , the correct figure will be discovered as soon as the finance lender has the original wage slips .

The loan lender will also ask the applicant to show bank statements that cover the last three months, and if the applicant has told lies about his monthly bills, this again will show when the statements are carefully checked out by the underwriter.

In addition to lying about their salary, some prospective borrowers state lies concerning how much they spend on credit cards and loans monthly, and the lies will come out as soon as the bank statements, which must be provided with the application, are looked ar at by the home loan provider.

Learn more about homeowner loans Stop by Champion Finance’s site where you can find out all about the best deals on remortgages for you.