Sending money to a partner or family member with a funny description seems completely harmless, doesn’t it?

While this is a common and occasional step, a mortgage advisor has warned against it as it could have a massive impact on your financial future.

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A mortgage advisor found out what many people are doing wrongPhoto credit: @kagfinancial / TikTok

At least transfer names like “money for drugs” or “sugar daddy” could have “embarrassing” consequences for KAG Financial, according to the official TikTok.

However, in the worst case scenario, it could mean the difference between getting a home loan and not getting a home loan – and so could other loans.

In a clip titled “How to Avoid Embarrassment When Applying for a Mortgage,” the financial expert explained that lenders can see your history with inappropriate transfer names.

“Do you remember the money you sent your buddy? We see it and so do the lender,” said the expert

The common mistake can also affect future mortgage applications and other bank loans

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The common mistake can also affect future mortgage applications and other bank loansImage Credit: Getty – Contributor

“Avoid joke references. ‘Money for drugs’ is probably not the best.”

While it is often a silly joke between friends at this time, the expert has found that it can affect your chances of getting a mortgage secure across the board.

“For those of you who ask how far back you look – it is usually three months and your application is only affected if it is something illegal,” added the expert.

However, in some cases they look further back and it can even delay the process while they investigate.

When posting on the official TikTok for KAG Financial, the expert said he should avoid joke references when transferring money to your friends

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When posting on the official TikTok for KAG Financial, the expert said he should avoid joke references when transferring money to your friendsPhoto credit: @kagfinancial / TikTokThe lender will see everything on your bank statements

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The lender will see everything on your bank statementsPhoto credit: @kagfinancial / TikTok

The video, which has been viewed more than half a million times, enraged TikTok users after remembering years of inappropriate references.

Many admitted to using phrases like “SUGAR DADDY” and “Wifey Dollaaa” in the past.

Meanwhile, some announced that they would frequently reference other illegal behaviors, such as selling drugs, which was clearly a joke.

Fortunately, the money expert found that companies don’t always turn down your mortgage application, but you might need some rather awkward explanations during your application process.

Even so, it is best to end your joking behavior now, especially when it comes to referring to fake illegal activity.

People shared some of their most embarrassing and inappropriate references

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People shared some of their most embarrassing and inappropriate referencesPhoto credit: @kagfinancial / TikTok

Lots of TikTok users offered some of their funniest bank transfers – and admitted the thought never crossed their mind.

“I send myself money and say things like ‘bride money’, ‘hush money’. I’ve never considered that,” shared a TikTok user.

“Hopefully, my love for all the money I sent to my mother will not matter,” wrote another.

“My friends sent my friend a dime with bad references when he took out his mortgage,” admitted a third.

One person said even their family member engaged in the joke.

“Once my uncle sent me birthday money and he used ‘swingers club’ as a reference – I was raging.”

Another said: “Thank god there are only three [months]! Some of my older references were terrible. “

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