I’m not a big fan of the FICO score, because it doesn’t measure things like assets, income or net worth. It’s really just an indicator of your interaction with debt! This is one of the reasons why it’s really dumb for companies to base lending decisions solely on a FICO score. Fortunately, you can still find lenders that provide mortgage loans based on manual underwriting procedures, but they’re getting harder and harder to find.
- Dave
Dave Ramsey
Dave Ramsey is a personal money management expert, popular national radio personality and the author of three New York Times bestsellers.
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