During the mortgage application process, some applicants may try to mislead lenders by fabricating income or assets in order to obtain a higher loan amount. These tactics are not only illegal, but once discovered, they will face serious legal consequences. Here are some common fraud tactics: 1. **Falsifying income documents**: - **Falsifying payroll**: Falsifying the income amount on the payroll to increase monthly income to meet higher loan requirements. - **Exaggerating commissions or bonuses**: Adding commissions or bonuses that do not actually exist to increase the overall income level. - **Falsifying tax returns**: Modifying tax documents to show higher annual income. 2. **Manipulating bank statements**: - **Inflating bank deposits**: Adding false deposit records to bank statements to show a stronger financial situation. - **Hidden expenses or debts**: Covering up actual expenses and debts to improve the balance sheet. 3. **False asset declaration**: - **Exaggerating asset values**: Declaring non-existent or overvalued assets such as real estate, vehicles or investment portfolios. - **Concealing debts**: Not disclosing actual debts such as credit card debts, personal loans, etc. to increase net worth. 4. **Falsification of employment proof**: - **Falsified employer letters**: Providing a non-existent company or a fake employer recommendation letter to prove a stable and high-paying job. - **Falsified employment contracts**: Making a fake labor contract showing a higher salary and a longer employment period. 5. **Using third-party funding**: - **Falsified gifts or loans**: Claiming to have received gifts or private loans from relatives and friends to increase proof of assets. - **Fictitious investment returns**: Claiming to have a high-yield investment account, such as stocks, funds or other financial products, but in fact they do not exist. 6. **Reuse of documents**: - **Submitting the same set of documents multiple times**: Reusing the same false documents in multiple loan applications to expand the loan amount. **Important tips**: Applying for a loan using any of the above false means is illegal and constitutes fraud. Once discovered, it may not only lead to the rejection of the loan application, but also may face legal action, fines or even imprisonment. In addition, the credit record will be seriously affected, and future loans and credit activities will become more difficult. Therefore, it is recommended that applicants provide financial information truthfully and accurately during the loan process to avoid any illegal acts.