Never Lie To A Lender

I’m reading this book on mortgage secrets.

Gary W. Eldred, PhD, writes:

Secret #11: Never lie to a lender. The application itself reveals your integrity.

Justify hard-to-believe items. Do not try to slip by an applications that intends to deceive.

In testimony before Congress, the great banker J. Pierpont Morgan was asked:

Q: "Is not credit based primarily on money or property?"
A: "No sir, the first thing is character."
Q: "Before money or property?"
A: "Before money or anything else. Money cannot buy credit. Because a man I do not trust could not get credit from me on all the bonds of Christendom."

About Luke Ford

I've written five books (see My work has been covered in the New York Times, the Los Angeles Times, and on 60 Minutes. I teach Alexander Technique in Beverly Hills (
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