Adiel Gorel, owner of ICG, has helped people buy thousands of rental properties. Find out how to calculate return on investment for rental property and the best places to invest icgre.com/guide
—
A good credit score is important for retirement planning and more and more Americans are fitting into that category year after year.
The average FICO® Score in the U.S. rose to 714 in 2021, according to Experian data from September 2021. It’s the fourth consecutive year of an increase, up from the average FICO® Score of 710 in September 2020.
Remember there is a good credit score range. In the United States, to qualify for a rental property loan it doesn’t have to be the very best credit, which would be more than 800, but usually, a good credit score that’s 700 or more makes it very comfortable for regular folks to get good loans and become wealthy savvy investors.
Yes, the very best loan is available to those with a good credit score, or higher credit, but it depends on the lenders, the market, the time frame, all of that…Yes, it is important to have a good credit score.
There are loans out there in the marketplace for people whose credit is not the best. And surprisingly, they’re not really bad loans— depending on the current credit score range, of course. They might be just a little bit worse than the loan with the best credit.
“Absolutely, it’s always best to keep your credit in good standing. Knowing your credit score and monitoring your credit regularly is recommended. It’s important to your long-term retirement plan.” – Adiel Gorel, Owner of International Credit Group.
When applying for a loan, lenders will always look at the “Four C’s:”
Collateral: Refers to the property itself.
Cash: Refers to the down payment.
Capacity: Refers to the investor’s total income, debt, and cash reserves.
Credit: Refers to the investor’s credit history.
To get a good credit score, there are some simple things anyone can do. Some people have too little credit, if so, then get a credit card, use it, and pay it on time over and over. That’s an easy way to achieve a good credit score. Buy affordable items and pay them off immediately month after month to build a good credit score.
At the live and virtual events, experts talk about what’s a good credit score, how to improve credit, and simple tactics to employ to achieve a good credit score in very little time.
“And in fact, I think it’s not a bad idea to connect with a company like the ones at our events, in preparation for investing in rental properties. These companies specialize in helping investors achieve a good credit score by running through your credit report and finding the glaring holes. Credit scores go quite a bit higher after professional consultation. It’s worthwhile.”
Adiel Gorel, Owner of International Credit Group.
Knowledge is power, and having good credit is power and the knowledge of how to keep a good credit score is a useful power indeed.
Adiel Gorel is launching a free virtual event to help new investors and seasoned investors alike prepare for remote retirement riches through purchasing rental properties. Gorel has helped thousands of investors start a retirement plan that simply works, and will reveal the answer to the most pressing question, know that the average credit score is up and the interest rates are still historically low, where are the best places to invest in 2022” Don’t miss out, click icgre.com/guide.
Many people are surprised by how much easier it is to begin than once thought. Being surprised is not a strategy, getting answers, so another year doesn’t float by without a robust retirement plan can mean a huge difference to the bottom line.
Contact Info:
Name: Adiel Gorel
Email: Send Email
Organization: ALLUSA INVESTMENTS, INC
Address: 165 North Redwood Drive, Suite #250, San Rafael, CA 94903, United States
Phone: +1-415-927-7504
Website: https://icgre.com
Release ID: 89074314
