Personal Financing - If You Don’t Have Real Estate Yet - Get Some - #3
Don’t let a bad credit rating be an excuse for not becoming a home owner. As long as you have a job, and it does not have to be a great job, the banks will consider lending you the money you need to be a property. Remember that the banks LOVE house because they make a killing in interest payments, and they have almost zero risk with the financing. If you don’t make your payments, they will always have the home equity to grab. This leads me to the next post for preparing yourself for your retirement.
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