7NEWS Australia published this video item, entitled “Homeowners were dishonest on their mortgage application | 7NEWS” – below is their description.
A new report by research company Finder suggests 1-in-8 homeowners were dishonest on their mortgage application, including about how much debt they have.
The figure is significantly lower than another survey conducted by the investment bank UBS which found in its most recent research that 37 percent lied. Nonetheless, it is getting more difficult to lie as lenders are continuously improving their technology and can now source a lot of the information they need automatically without relying on customers to provide it.
7NEWS Australia YouTube Channel
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