Can You Get a Mortgage With No Credit?
It isn't uncommon to hear advice when you have no credit including that you should build up your credit by getting a car loan or credit card. They'll tell you not to close your accounts or run up your balances. In other words, these individuals will advise you to go into debt without telling you how to get out. Additionally, they'll let you know this is the only way you can obtain a mortgage loan. While lenders like to see a history of accounts being paid down on time each month, this isn't the only way to establish trust.