I’m not comparing the systems or saying it’s better, but you don’t need a credit rating to get a mortgage on a home in the US and are doing yourself a disservice repeating that talking point.
If you don’t have a credit rating they’ll ask for other evidences you are able to pay off a 15-30 year loan like consistent and not missing payments on a phone, rent, utilities, internet, etc steady employment, bigger down payment. it’s called manual underwriting or a non traditional mortgage application.
If you treat your credit card like your debit card, you can get 3% off literally everything. As long as you don’t spend more than you make, you’ll never owe interest.
I have enough credit, I can by a whole car with the swipe of a card. I’ll never have to wonder about underwriting or proving myself. I’ve already done so to my bank. And if I ever decide to do that, I’ll have zero down and zero interest for 6 months.
I’m not comparing the systems or saying it’s better, but you don’t need a credit rating to get a mortgage on a home in the US and are doing yourself a disservice repeating that talking point.
If you don’t have a credit rating they’ll ask for other evidences you are able to pay off a 15-30 year loan like consistent and not missing payments on a phone, rent, utilities, internet, etc steady employment, bigger down payment. it’s called manual underwriting or a non traditional mortgage application.
Man, what world you live in?
If you treat your credit card like your debit card, you can get 3% off literally everything. As long as you don’t spend more than you make, you’ll never owe interest.
I have enough credit, I can by a whole car with the swipe of a card. I’ll never have to wonder about underwriting or proving myself. I’ve already done so to my bank. And if I ever decide to do that, I’ll have zero down and zero interest for 6 months.