Do you cheat at the mortgage game? If so, you're not alone...

An article in SF Gate discusses how some borrowers have been abusing the system when they look to borrow money.

"Although most cases of fraud involve multiple misrepresentations, the institute's study found that fibs and falsehoods on applications by individual borrowers constitute the most common problems (56 percent of all cases), followed by bogus or incorrect tax and financial documents (33 percent), fake employment verifications (12 percent) and fabricated or intentionally inflated appraisals (10 percent)."

There is a way to tell the banks what they need to know, and do it without any sort of fraud or deception. As for appraisals, I haven't seen any problems with appraisers being able to verify value in this very hot market.

Besides, just getting into properties in this market is difficult enough. The last thing you want to do is push the limits any further, right?