How 'liar loans' undermine sound lending practices
- Written by Maria Yanotti, Lecturer of Economics and Finance Tasmanian School of Business & Economics, University of Tasmania
originalHow truthful are we when it comes to negotiating loans in Australia?
With increasing pressure on the housing market, some of us might be tempted to stretch the truth to secure a mortgage on our dream property - but research shows that this practice can have serious repercussions.
Recent news reports have alerted borrowers to the dangers of...
Read more: How 'liar loans' undermine sound lending practices