Credit for the Rising Real Estate Market

Credit for the Rising Real Estate Market

by Nikita Schroeder

The real estate market is one of the hot issues that hover over our presidential candidates. What are they going to do about the plummeting market and how will it be revived? With the market placing so much emphasis on the wealth of our economy, we can do only what we’ve been doing since 9-11, wait.

Nevertheless, there are parts of the United States that have, as little as a 66-day turnaround on their listings. This not only shows hope, it shows promise for the awakening of a lucrative shift in our economy. So, with things not looking so grim after all, should Americans be more concerned with their credit?

A FICO score in the mid 600s will get most people approved for a mortgage loan. Less than half of the people in the United States can meet this requirement. So what does this mean for our economy? Should we expect our economy to continue to plummet simply because we do not have the credit to support the change we are dreaming of? There are definitely other options.

There are a number of advertisements out there for credit counseling services and debt elimination programs. Most of these services and programs simply turn out to be another monthly payment instead of actually eliminating monthly payments. Instead of adding to the list of collectors, why not build your credit ranking up yourself. You can raise your credit score drastically in as little as 90 days if you know what the banks are looking for.

Try buying a book about helping to raise your credit score. If you do the research, it will always pay off in the long run. Do what the top earners do: if you don’t know how to do something, find someone who does. Building or re-building your credit is essential to becoming prepared to jump back into homeownership.