Loannetter has flown the coop!

I suppose I am remiss in not letting my blog followers know sooner but life has been exciting since I touched down in New Zealand in January 2016. I founded a new firm, Niche Mortgages, and am already up to my old tricks of client advocacy and networking. Feel free to contact me if you are seeking financing or just a cuppa should you find yourself wandering the beaches and volcanoes (yes, we have many of both) in Auckland. Do drop in! 

Popular posts from this blog

Are You A Credit Fiasco Waiting to Happen?

How TRUSTING Are You? How well do you know the people who might have temporary access to your filing cabinet, check book or wallet? Now think: there's the guy who installed new cable outlets...your cleaning lady... the neighbor who feeds your cat when your away. Like most of us, you are probably pretty trusting until the precise moment you are either robbed or betrayed. Believe me, I've been there. Once the damage is done it is very costly and time consuming to have it undone. The only way to protect yourself from identity theft is to keep your personal details behind a solid unrelenting wall of common sense. Don't carry your social security card in your wallet and DO have a locked filing cabinet or home safe where you store your check books, passport, un-used credit cards, bank statements, W-2's, pay stubs and anything with your social security number or account numbers that could be used to impersonate you. Sad but true--a very high percentage of people who use your
Read more

What's Your FICO Score Really Worth?

In today's market, personal credit scores are being skewed by a decline in average FICO ® scores. Why should you care? Well, if you are intending to get into debt responsibly in the coming year your FICO score is still the number one criteria your lender will use to determine your likelihood of paying them back. It's also one of the chief pricing factors to getting the best interest rate. That said, things are changing at a rapid pace. The newly minted FICO models are supposedly taking less consideration for small things like parking tickets but the really big defaults for big items like mortgages and car loans will weigh even more heavily as a result.  All defaults have less effect on your score as time goes on . With improved history that is! So it stands to reason that if more homeowners take the 'walkaway' option the impact will be figured into the score models for that particular historical period of consumer behavior. Essentially scoring models are averages o
Read more

Credit Recovery after Short Sale or Foreclosure:

Position Yourself to Purchase a Home Within 2 Years After a Foreclosure Using This Strategy: Generally, buyers who have past credit issues due to a financial crisis may be able to buy a home within three years from the incident. This varies by loan type and lender. Most lenders have their own underwriting guidelines on what they will accept and when. 620-640 FICO is the starting point for government insured loans. So for anyone going down this path, consider the recovery time to get your credit back into lending territory and note the recovery steps at the bottom of this post. Put them on your refrigerator! Given the sheer number of people in financial distress right now, consider that loan guidelines may change in the coming years. For more distressed borrower information, visit our other blog: www.equitytalks.blogspot.com How soon can you buy a home again? If you default on your home loan now, the clock starts ticking when the home is transferred to a new lender. NOT unfortuna
Read more