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."