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Why Mortgage Advisor Says No To Joke References When Sending Money To Friends

A warning has been issued by a mortgage advisor advising people to avoid using joke references while transferring money to their friends.

Adding humorous or questionable references while transferring money among friends is a common practice among many.

However, the mortgage expert warns that it can be detrimental for those hoping to purchase a property in the near future.

In a recent TikTok video titled "How to avoid embarrassment when applying for a mortgage," mortgage advisor KAG Financial has cautioned viewers against using inappropriate references when sending money to their friends.

The video has caused concern among some viewers who may have used such references in the past.

The expert explained that lenders may also see these references, which could potentially harm an individual's chances of getting approved for a mortgage.

"Remember the money you transferred to your pal? We see it and so does the lender," the advisor pointed out.

"'Money for drugs' is probably not the best thing to use. (This is actually tame compared to what we see)."

"Avoid joke references."

Experts warn that using inappropriate references when sending money to friends could negatively impact your chances of getting approved for a mortgage.


The positive aspect of the situation is that mortgage advisors and lenders typically only review bank statements from the past three to six months before applying for a mortgage. This means that there is still an opportunity to delete any inappropriate references.

While some viewers were reassured to learn that references such as 'SUGAR DADDY' and 'Wifey Dollaaaa' would not hinder their search for a property, others have taken the advice to heart.

"I send myself money. And say things likeā€¦ Bribe money. Hush money. Never even considered this!" one social media user commented.

"Jesus, some of mine are horrific," another added.

It's important to note that if you plan on applying for a mortgage, it's wise to eliminate any references to illegal activities or inappropriate jokes to avoid any uncomfortable explanations during the process.

It's worth noting that the use of questionable references isn't restricted to money transfers among friends.

Adding humor or inappropriate content in the reference box while transferring money can have a negative impact on your professional life as well.

Employers and recruiters often search social media profiles of candidates to evaluate their suitability for a job. Therefore, it's crucial to ensure that any content posted online, including references to money transfers, is appropriate and doesn't affect your image negatively.

If you're planning to apply for a mortgage or job, it's best to avoid any references to illegal activities or improper jokes to avoid any awkward explanations during the application process.

So, while it might seem harmless to add a little bit of humor to money transfers, it's essential to be mindful of the consequences it could have.