If payments are slow or in default the examination can go deeper.Then if it's discovered that you misrepresented things, you could have problems.It's irrelevant if you know of someone who lied on a mortgage/loan application or if you know someone who says they know someone who did, or the amount you put down, or good intentions, knowingly presenting false information or obtaining a loan by deceiving an insured lender is a felony.I suggest you seek other financing options, with your down payment there should be seller financing options available, partner with another, if you have a retirement account you might be able to change accounts and borrow from yourself, seek private investors, do an installment deal like an option to be financed in the future in 3 or 5 years later.

My general counsel to those that ask is "buy in an area where you can make money", don't spend so much time worrying about wether it's the neighborhood that you love, or the style of home your intrigued by.

He claims to keep everything private to avoid lawsuits while running around the country telling everyone how much money he has.As I said before, he has lied about large and small things.

The property will be held in my name, but I'm using private funds to buy the property.

My company offers private money construction loans.

Here you will find private money sources, rehabbers and wholesalers.Two Great reads, I bought both J.

Good morning BP,

Im looking for bank/lender referrals in Central Texas. Specifically Bell County, but really anyone who can point me in the right direction will be greatly appreciated. Ive got solid contacts ...

I really found the "Articles" section helpful when I was first getting started.If you have any Louisville specific questions feel free to shoot me a private message.

You may ask, why not do private lending--I would rather spread the risk of the deal with another person and not have to pay interest in a borrowed downpayment.What % equity should I keep for arranging the deal?

I found it interesting.How to Encourage Private Flood Insurance; Why Delaying Biggert-Waters Is Not the Answer