How much can a bank see?

[Dan Vleck]

Right now I have 4 conventional mortgages and I'm about to get a bank held loan to refi out of a line of credit.  If I buy a couple of properties on contract for deed, will the bank see that debt the next time I try to get financing for a house?

Thanks,

Dan

[Charlie Fitzgerald]

Yes, the Bank will see it, primarily because as a borrower you are required by federal law to disclose the other loan obligations on your application for a mortgage loan with them and if you don't it' a federal offense and a felony in all 50 states.  It's called mortgage fraud.