Factor Impacting Home Owners Insurance

Historically, Insurance Companies have looked at 4 factors when calculating homeowner insurance rates. 1. Age of Home 2. Home’s location 3. Risks factors on property (Pools, pets etc…) 4. Claims History.

More recently a 5th factor has been added to the mix- CREDIT SCORES. The higher the credit score, the lower the risk placed on the homeowner. The higher the credit score, the fewer number of claims filed. Therefore, buyers with the higher scores often obtain lower insurance rates.

United One Resources has worked with many of our customers to assist their applicants in clearing up credit files of inaccurate and/or outdated information, often times substantially increasing their scores. We have rapidly rescored thousands of borrowers utilizing proven methods resulting in dramatic results.

Over the past few months United One Resources successfully raised the scores of many borrowers. None more rewarding than this case mentioned in an email from one of our lenders to his customer: “Hi Steve, with the help of Mike McNamara at United One Resources your credit was re-scored to 722 and your wife’s is now at 740. My lock @ 5.125% rate assumed a credit score of 720, so paying down the balances as instructed by United One Resources was a success! Increasing your middle score from 692 to 722 eliminated a 1.25 point add-on or $4,450 to secure the 5.125% rate. If you had gone to the other lender you would have closed with the 692 credit score and paid the piper. Having Mike do the closing in 10 days was also a big plus!

United One Resources would like to assist you in creating your own success stories, help in reducing your fallout, and get more loans to closing! We have designed a series of seminars in which we meet with lenders, banks, or together with both lenders & realtors to discuss credit rescoring and the potential impact on a lenders ability to close more loans and for buyers to obtain both lower interest rates as well as lower homeowner insurance rates. For more information on how United One Resources can assist you with a credit scoring seminar in your office, contact Mike McNamara at 800-932-5673 ext 2840 or via email

Posted by United One Team Member on 9/9/2014

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