May 6th, 2013
The Importance of Home Insurance Scores
**Today’s guest post is contributed by Carrie and Shannon.**
A big part of financial responsibility is maintaining adequate insurance coverage. Premiums act as a safeguard for your assets, and a little money spent now might pay off big time in the future. How much you pay now, though, will vary. You probably don’t have the same premiums as your brother-in-law or neighbor. How can you predict rates then? Credit Karma already provides your auto insurance score and now provides your home insurance score as well.
What’s a home insurance score?
Insurance scores are similar to credit scores in that both are generated by an algorithm that weighs information in your credit report. Your credit score evaluates your payment history, the amount you owe, how long you’ve had credit, and the type of credit you use to predict the likelihood that you’ll become delinquent on your credit obligations over the next two years.
Insurers use the same information, though it is weighted differently, to help predict your risk of filing a claim. Your home insurance score is used, along with other factors such as the size and value of your home, where you live, your claims history, and other factors to set your homeowners insurance rate.
September 10th, 2012
Sometimes, Numbers Can Be Misleading
May 29th, 2012
5 Ways to Increase Your Home’s Resale Value
September 9th, 2011
Credit Karma Answers: How do I build credit to buy a house?
Ready to take the plunge into becoming a homeowner? Make sure your credit is in tip-top shape first! Check out these tips, from our Credit Advisor, Justine Rivero.
August 30th, 2011
Infographic: To Rent or To Buy?
Think buying a home is no longer a solid investment? Think again! MortgageRefinance.com created the following infographic, using some of the findings from Trulia's American Dream Survey. Check it out!
August 24th, 2011
Wednesday Roundup: Don’t Believe These 3 Mortgage Myths
Mortgage rates are near historic lows. Predictions that credit downgrade for the U.S. would send mortgage rates soaring haven’t come to pass (not yet, at least). So far, there are still chances to get incredibly low mortgage rates, whether you are buying a home, or refinancing your current mortgage. MoneyNing
August 12th, 2011
Friday Roundup: Why You Should Consider a Roommate Agreement
Getting a roommate is a great way to share costs and lower rent. But living with someone is not always easy, as these roommate horror stories illustrate. One way you can limit problems is by creating a roommate agreement. This is a formal document that spells out living arrangements and responsibilities. It may sound odd to create a legal contract, but it is often a sensible idea. Here are three reasons why. Savvy Sugar
August 5th, 2011
Friday Roundup: Reality TV Programs Tune Into Foreclosed Homes
Reality TV Programs Tune Into to Foreclosed Homes. With more foreclosed homes hitting the market every day, thousands of them are ending up on reality television. Over the next few months, several different television networks will feature new reality shows highlighting these foreclosed homes by building on the ever-popular “house flipping” theme. Cash Money Life
July 22nd, 2011
Friday Roundup: 5 Essential Real Estate Closing Tips & Process Checklist
Buying a home is a lot of work, but it’s a lot of fun too. Amid all of the excitement of the buying process, most buyers manage to stay organized. Money Relationship
July 15th, 2011
Friday Roundup: Can I Afford a Mortgage?
Mortgage interest rates are at historic lows as a result of one of the worst global recessions in modern times. The housing market remains sluggish, which has driven down the price of homes making them very affordable. Moolanomy
