According to Fair, Isaac & Company (a provider of consumer credit scoring models and formulas, www.fairisaac.com) insurance companies assess and weight these factors:

 

If you have a good or great credit scores, it is likely that your homeowner's insurance rate will be lower.  If your credit scores are sub-standard, you need to do two things: (1) work on repairing your credit (an excellent book: Credit Repair, by Robin Leonard & Deanne Loonin); and (2) shop around for different lenders and different homeowner's insurance providers.  You can also lower your rate by raising your deductible amount.

More information will follow.

Visit our website to read more about Chicago multi-family homes.  Click here if you are interested in selling or buying multi-units with two or more flats.

 
Posted by Bill Bein on 09/08/2008 08:11 AM   Comments (0)   advice, buyers, credit score, financing, mortgage  
Generate short URL

0 Comments on Credit History: its impact is now includes INSURANCE -- #2
What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 

Find IL real estate agents and Chicago real estate on ActiveRain.