Reply to Dave Ramsey and buying a house.

Forum Index » Money and Finances

Reply to "Dave Ramsey and buying a house."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]You can't even rent a hotel room or a rental car without a credit card.  Not everyone is as well connected as David Ramsey is or have our own private companies to pay for our travel expenses.

What is manual underwriting?[/quote]

Exactly I'm not sure why he thinks this is no big deal? You quite literally need a credit card for many many things. Renting a car, reserving a hotel as you mentioned etc...There is actually a Facebook group for following Dave Ramsey and someone asked about car rentals and someone was like "oh at so and so company you don't need a credit card". It was a company in like 2 states that was very very small. That's great but what if you are visiting any other area?

Manual underwriting is when a company literally has to scrutinize all your financials because they can't use the automated score to assess mortgage risk. I don't think there are many companies that do it. There is one that Dave recommends but I have only heard of that one. Either way you cut it-manual underwriting will not get you a house in the DMV.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics