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The New Daily
The New Daily
Sezen Bakan

Lies help thousands get a home loan, but make it harder to pay off

David Hancock
You might be desperate to buy a home, but lying to get a loan will probably hurt you in the long run. Photo: Getty

Thousands of home owners have fibbed to secure a home loan, but experts warn they will have trouble bearing the cost of their lies down the road.

A Finder survey shows one in eight people falsified details during the home-buying process, with 4 per cent of Australians lying about their income, 4 per cent lying about their debt, and 9 per cent lying about their savings.

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