Real Estate

Mortgage question

  • Last Updated:
  • Jan 6th, 2021 2:42 pm
[OP]
Deal Addict
Nov 3, 2009
1377 posts
760 upvotes
Calgary

Mortgage question

So let's assume I have 2 mortgages with 2 banks using 2 different credit bureaus. If I don't let them know I have 2 mortgages, they won't find it out. Will that be a fraud?
1 reply
Deal Guru
User avatar
Mar 23, 2008
12096 posts
8397 upvotes
Edmonton
ibuddler wrote: So let's assume I have 2 mortgages with 2 banks using 2 different credit bureaus. If I don't let them know I have 2 mortgages, they won't find it out. Will that be a fraud?
If asked and you give a false answer (or you sign a document with false information), then it could be fraud.

C

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