Real estate. The terms signifies the acquisition of property, whether that property is a house, a piece of land, or a property that is shared between multiple people over a large period of time. Real estate means money, money to acquire it and money when selling it. It is a major investment, the largest some people will make in their entire lifetime.
Unfortunately, there are major hurdles to someone looking to purchase property. For one, a property is often purchased using a loan from a bank, which is steadily paid off over time. Until the loan is paid off, the person doesn’t own the property. Having the financial ability to pay off the loan is one thing. There are other hurdles.
One of the hurdles to getting a loan and paying a loan has to do with the credit history of the person. A