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If you have a small amount of traditional
credit information, such as credit cards and loans, you
have what the industry refers to as a “thin”
credit file. In the past, this would have prevented you
from getting a loan, even if you paid all your bills on
time and had a substantial amount of money in savings.
Today, there are more options for people who do not have
traditional credit files, so they too can enjoy all the
benefits of homeownership. |
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