The reason it is not acceptable is because if a deal "does not stack up" without lying, then it means it's not worth doing, and you are lying to yourself. I'm not up to date right now, but if lender is asking for gross rent to cover 125% of interest only debt servicing, and you start with no cash, you will be in arrears about three months down the line. On the other hand, if you have sufficient cash to cover wide contingencies, why would you want to mortgage a property which "does not stack up"? Seems like a rhetorical question to me
__________________
Just because you are not paranoid, it doesn't mean they are not all out to get you 
| 
Contact Us
Upcoming Events
Stats
Is it acceptable to lie to the mortgage companies to make a deal stack up? 
Linear Mode
