Intriguing Facts About Your Score # 9 – Smart Renting
If you want to be a smart renter you have to know what the right moves are and when to make them. People think that renting is much easier than buying a home and it is in some ways. However there are many ways that can make renting a nightmare if you do not take it seriously. When you try to rent you need to realize some things, first off you want to get a nice place. A bad place will be a pain to not only live in, but to move out of.
Next you need to make sure you are getting a place that you can afford. You rent, that means for whatever reason you do not wish to buy so you should not pay more than someone who owns a property near you. So many people feel that now is the perfect time to buy and they have a good point. Right now the foreclosure rates are record high which has caused the value of homes to drop. Along with that the interest rates are low too so it does make sense to buy. However even on a cheap home of $ 150,000 you would still need a down payment of at least $ 30,000 and that can take a long time to save up.
There are so many requirements to buy these days that many people either can not meet those requirements or they simply do not wish too and therefore need to rent. Well one similarity between renting and buying is that you need to have a good credit score. A good score can help you because many owners and land lords run a check to see who is financially responsible. They have to choose the right tenant and a wrong choice can cost them big. If you do not want your score to keep you from getting the place you want then you need to use credit repair to fix it. Credit repair is great because it can repair any score quickly and for a cheap price.