Majority of Americans believe now is best time to buy a home

According to the recent Genworth International Mortgage Trends Report, despite the continued struggles of the country's real estate market, the majority of Americans expressed that now is good time to purchase a home.

Of those responding to the company's survey, roughly two-thirds believe there is no time like the present to conduct their real estate transaction. Furthermore, 87 percent of respondents who had bought their home during the previous 12 months had no reservations about meeting their monthly mortgage payments.

In addition to their optimism regarding homeownership, many Americans have relayed that having private mortgage insurance is important as well. In fact, 88 percent of the survey's respondents felt this way.

"The U.S. is the most optimistic among all the markets surveyed about buying a home," said Kevin Schneider, president of Genworth U.S. Mortgage Insurance. "Nearly two-thirds of Americans surveyed believe now is a good time to buy a home, and a majority believe mortgage insurance can help them purchase a home sooner and with a lower down payment."

While the optimism for homeownership is high, lending standards have become tight, making it harder for consumers with less than stellar credit scores to obtain financing. Individuals looking for a way to get a quick credit fix may want to contact a credit attorney to help them identify any negative marks on their credit reports that can be challenged. Investigating and disputing these items may lead to their removal and a higher a three-digit number.