Just a quick teaser post for today’s Friday Fix. It is of a personal nature as well.
About two or so weeks ago, I began looking for a house. What should be a fun and exciting life event, has been marred by the incredibly frustrating and stressful process of trying to get a loan. I am going to do a proper write-up on my situation shortly and the challenges involved. But in the mean time, I want to point out that not having a credit score, even if you have no other debt or delinquent payments, is a huge deterrent to getting a home loan. Without a credit score, a person is automatically deemed a high risk individual until proven otherwise (via manual underwriting).