I need help securing a home loan because I do not have a credit score at all. How can I qualify for a loan?
Answers | 3
1) Equity - for business owners
2) Debt - for consumers
There are advantages/disadvantages to both. What do you have to work with? Have you considered renting or looking at a rent-to-own property? There are many options. The most important thing is to do what is in your best interest.
I am not a proponent of creating debt in order to have more debt in hopes of being able to afford more. Hope is not a strategy, and how much debt must you incur before you can afford to pay the initial debt? This usually does not end well for the one trying to get out of debt.
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