How I Bought A House With No Credit Score
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- เผยแพร่เมื่อ 9 เม.ย. 2023
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How I Bought A House With No Credit Score
What Is The Mortgage Underwriting Process?: www.ramseysolutions.com/real-...
Can You Buy A House With No Credit Score?: www.ramseysolutions.com/real-...
Get A Mortgage With Someone You Can Trust: www.ramseysolutions.com/real-...
George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.
I remember when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
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The prevailing US stock market's bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
How can I reach out to one? my assets have been decling since 2022 and I’ve been holding on by the skin of my teeth.
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
I just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
We bought our house without a credit score. The loan guy after looking for debt was flabergasted. He actually came in the day we were signing all the paper work for the loan and sale and shook our hands. He said he had never met people like us. People who have no debt. We then went and paid the house off in 17 years.
It’s 2023 not 2006 bud shits different
He*
@@Imwityohoe 🙋♀️ I'm 26, went to college (on scholarships), married, we have 3 cars and a baby, and we've never had debt. We exist.
@@brendabeans4986 and I care why
@@brendabeans4986 and I care why?
Finally someone at Ramsey actually sat down and spelled out letter-by-letter how to buy a house without a credit score. Dave has been preaching this for years but I don't ever remember him taking the time to explain step-by-step how to do it.
Yes! We need more of these videos for the most common topics.
This guy is hilarious! He brings so much to the Ramsey Team. I must admit, sometimes the Ramsey show can get redundant but George really adds a special personality to it.
For almost 20 years, I saved my money and bought all of our cars in cash, no credit cards for the same time, and when I went to buy a brand new car, I had no credit history. The company was basically like wtf??? It's called save your $$, and pay with what you make, not borrow and buy gum with a credit card. And yes, I subscribed because I agree with many of your views and ideas
The editor crushed this! Great work Ramsay team
It was about time he got his own channel!!😊 he is so funny and practical!
Aw thanks Ashwini!
@@GeorgeKamel hey George so glad you got a TH-cam channel for yourself
The Ramsey team is really upping their game with video production.
George is my 2nd favorite personality, next to Dave of course.
Great work!
Aw shucks. Thanks Cory!
💯
Self-employed people like me know all about manual underwriting as even the big banks will require it without a W2. A bit more hassle in terms of due diligence but we actually appreciated it. It felt like the bank was actually taking the loan seriously instead of passing them out like candy as they did in the early 2000s just before the crash.
Love to hear that, John! We’ve been desensitized into always going for the most convenient option. And yet everyone is broke. A little extra effort and patience never hurt nobody.
Not the guy at 2:34 thinking he might be getting a free house from George… I saw that glimmer of hope in his eyes
Yes! The millennials favorite Ramsey personality has his own channel🤘
The more ideas n advice the better.
George!!! Man, I'm very proud of you. All of your hard work is evident and inspiring.You're doing a good job, and you bring a fresh twist to Ramsey Solutions. Keep up the good work.
Thanks Mike!
I don’t usually comment, but man we need more like this George!
Thanks so much Daniel! Means a lot!
George, you're quickly becoming my favorite Ramsey personality. Everyone does great when Dave's not there, but it seems you're the one who can maintain the same level of confidence when hosting with Dave. Keep doing what you're doing.
Thanks so much for the kind words!
Hi George buddy. Congrats on show
Sure thing
Big fan of yours George. Great to see you have your own channel now. Wishing you a huge success with this.
GEORGE!!!!! I am so excited for your own channel!!! Congratulations!!! Wishing best luck and success!
Finally, George has landed with his own channel. My body is ready. 🎉😊
So glad my favorite Ramsey personality EVER now has a TH-cam channel! Way to bring some financial peace to the 21st century!! 🎉🎉
So kind! Thank you!
Such a creative video while staying true to the Ramsey principles. So excited to see where this channel goes. Really enjoyed this video. Thanks George.
Thanks Jimmy!
Really nice video!! I liked how every 10 seconds or so there was a new frame or fun video… makes you hooked up to the video
Finally a financial TH-camr that isn’t going to spam us with ads and scams.
It has been such a joy to watch you go from the TH-cam host, to Ramsey personality, to this!! Your natural talents were evident from the start, but obviously you know how to work hard and really polish your content. Great editing too. Congratulations!!!
That is so sweet, thanks Margie!!
You are one of the best things to happen to Ramsey Solutions!! I’m so glad you’ve got your own channel. You Rock, George!!
Aw thanks so much! Meansa lot!
I like the video. The facial expression on the anchors on Fox 32 in Chicago is priceless!! Looking 👀 forward to more content.
George you’re my favorite Ramsey personality!
Thanks for getting this out there, George. We did this, too. I had to tell the loan officer it was possible and then he figured out the process and we got a great rate!😊
Heck yeah! Way to go!
Dude! They need a Manual Underwriting Theme Hour like they have a Millionaire Theme Hour, where its stories on how everyone got this and the rate they got. Just to prove everyone it can be done.
Congrats on first video. Greetings from Ireland 🇮🇪 were all mortgages are manually underwritten
So if your single you can’t buy anything right? A 300K home in Nashville which is very modest to say the least would require 30K+ Closing costs and would require you make 150K+ annual salary(gross) under your premise. Yes I did the math. Average salary in Nashville is somewhere around 60-65K, so how is the average person going to buy a home?
Btw I own my own home in Orlando Florida and I like the content, but no single person could ever buy a home under those terms unless they are making well over 6 figures
Don't be average, live within your means, or live in an area you can afford and commute.
@@MikeThePike316 Tired of people saying this. Because there are six-figure jobs for everyone right? If that was the case many would be working them now.
@@MikeThePike316 live within your means? Under this formula of buying a home you’d have to purchase a 150K home(good luck with that). This formula requires a double income period, or make well above 6 figures.
I love the public interviews!
Those are always a good time
I did the exact same thing last September using Churchill Mortgage after following George and Dave’s teaching. Got a great rate on our 15 year mortgage because we saved 20% down and my wife and I had slightly above average incomes.
So glad you've got your own channel, George! Love you!
The feeling is mutual 🤣
Im only on TH-cam for all the George content so thanks Ramsey team! Make the next one longer tho!
Ha that means the world, Emma! Many more to come!
So excited your new show has dropped. Looking forward to more great content.
So glad to find this channel. Love watchin you George!
I was hoping you were going to announce your book but this is just as good. Congratulations George K!
Ha that will happen towards the end of the year if all goes well!
Very best of success to you, George. You're a man of values and morals, as well as financial knowhow, it's sure to be a recipe for success.
Love to see this! Looking forward to all of the great content, George!
Congrats my internet-friend - super happy for you - great content & love the cameo clips - great fun! Much love from pricey Jersey! 😉
Yay! George, Im so proud of you! I met you back in 2020 when you were hosting the youtube channel and I had no idea you were on this path. So excited for you 🎉
Loved this! Congrats, George! Looking forward to many more videos.
KAMEL HAS A CHANNEL! Amazing way to start my week
George, you’re definitely one of my favorites. Heard of Ramsey for years but just started watching/listening to his show. You and Jade are my favorites together.
Was looking forward to this channel and you did not disappoint!
This was amazing! I loved it! The editing was perfection and so is George! Go team Ramsey!
I enjoy your witty style, and you always keep it fun. Thank you for helping to debunk the myth of credit scores and the underwriting process.
Love the touches of humor with all the content!!
So glad you have your own channel, George! It’s a long time coming! 🎉
Well done George. Congrats on your sucess and this new venture. God bless you.
So glad to have you on TH-cam George ! Love your content, please never lose your sense of humour 😆
It's about time! Great segment and addition!
Awesome job, George! Keep up the great work! I am on baby step 6 and you are keeping me motivated!
I enjoy watching you and really look forward to learning more from you!! Thanks for all you do🎉
Congratulations!!!!
Great job, George! As Dave works through his exit strategy, you and Rachel must be at the top of his list. Best of luck!!
So excited to follow along, George!
Yay! Best news of my day! Looking forward to listening to these! 😎
So glad you're in TH-cam!
OMG🎉🎉🎉🎉🎉I am soooooo happy George has his own channel!!!!!! Automatically Subscribed!!!!
Ah this was excellent. You and Jade are my fav Ramsey peeps, so I am happy you have your own show now! Looking forward to your wisdom and humor!!
Thanks George! You’re doing great things!
Ahhhh it’s his first video! Thought I was just stumbling upon it! Heyyyyyy!!!
So excited about this channel. Great vid! Fan from 🇨🇦
So happy that you finally have your own YT channel! I wish you the best of luck.
loved this, George!! you guys are killing it!
That is awesome George. CONGRATS.
Love this! Keep it up George 🎉
Always appreciate your spiritual gift! You are truly relatable. Thanks for sharing your wisdom and snarky personality!
The only thing better than the mind-blowing insight is the epic sense of humor.
I bought a house without a credit score in 1997 at 23 years old. I had never had a credit card or borrowed money up to that point in my life. it was easier to get a loan in those times but the process is still about the same today as it was then.
George is the best! My husband and I love listening to the Ramsey Crew and George is hilarious :) keep being awesome
Thanks so much!
Congratulations 🍾🎉🎈. Well deserved!!!
I rarely comment on YT but I enjoy listening to you on the Ramsey podcasts! Thank you for sharing your knowledge with us. Your comments always make me laugh and are so relevant to things happening today. Good luck on your new channel! Can’t wait to watch future videos.
Great job George! Love the new channel
Nice one George. Great content. Subscribed!! 👍🏾
Awesome George ! Love listening to ya
Consultations on your podcast!! I am so happy for you!!
My grade 11/12 personal finance class loves you, George! You keep things engaging and informative. We're located in Nova Scotia, Canada. Thanks for all you do. Keep it up!
Love the Kamel content. I will be at the Ramsey event this Friday! Looking forward to seeing the new event center. 🤘🤘
Congratulations! I will be watching.
George is my favorite Ramsey personality
I found your channel today
I love it brother, keep them coming! 💪🙏⭐️
Hi George! Congratulations on the new TH-cam channel! You're my favorite personality!
I’ve been checking if you have your own youtube channel!!!! Glad you have one now 😊
Love it! Great job team
More George, just what I needed! I’ll be watching bro, good luck with your channel.
Just liked and subscribed!
You are the best George. I am following you for long time. This youtube addition is great
Just finished watching the latest Smart Money Happy Hour. I’m so excited to see you just started your own channel! I know it will be super successful - keep up the great content!!
Thanks Ariella!
"I didn't want a relationship with debt anymore...so I got rid of my credit score and got a worse rate on a mortgage...which is debt and gave me a credit score." You don't give any actual dollar breakdown of what you spent, what the fees were, the rate you got, NOTHING. Mortgages are about math, so show your work! What fees did you pay for manual underwriting? What was the rate you got versus you having a 750+ credit score? How much are you paying per month for how much house? Which market did you buy in? You know, actual facts and figures? This is like if I told you "Did you know you could get a car without any credit score?" And it's like, yeah, you can, but you're going to pay a ton of extra interest and end up in debt, regardless. 15% down on a home with a 15-year mortgage with manual underwriting while also staying under 25% of your income on housing is basically impossible for anyone in the United States to do that isn't already rich. You are using your platform to tell people to make bad decisions, just like your daddy Ramsey, and you should be ignored.
It’s funny the video that played right after watching yours was talking about getting a home loan with a 580 credit score with 3 1/2 percent down for 30 years with a debt to income ratio of 57%!
You’re a pleasure to watch! Great content communicated with a touch of humor!
So kind! Thanks Chantell!
So happy to see George have his own channel!!!! Kamel Channel!!!! 🎉🎉🎉🎉
Love this! Way to go George!
I love this new pod cast George, Keep up the good work.
Totally killed it! So excited for this new Ramsey show!
Amazing video! Love the edits 👍
“Believing my own ABILITY” This saying is amazing!!! New mantra!
We went through manual underwriting and it was honestly pretty easily. The toughest part was freeing ourselves up for those 3-ways calls between your mortgage company and your cable company haha.
Yes!!!! Way to go, George!
George you are awesome great job keep up the hard work. Love everything you do at Ramsey.
Very thorough, thanks George!