May 6th, 2013
**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
Personal finance theory is filled with mathematical formulas and calculations, but the successful pursuit of financial independence often requires picking a route that may conflict with what the numbers would initially suggest. Take our investment in housing for example. Naturally, we would hope for a gradual rise in real estate values after we purchase a home because after all, we want to make money in real estate just like the Jonses. Yet, the best scenario for many people is not a price rally. And this is true even if you are a homeowner. Let me illustrate my own situation, which is common in America today.
May 29th, 2012
It's no secret that housing prices have suffered over the past few years. In order to sell your home, you need every advantage you can get over your neighbors. If you are about to sell and want to receive your desired price, you will want to dedicate time to working on your home. Below are some tips to help you increase your homes value and sell faster.
September 9th, 2011
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
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
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
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
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
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
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