The following is a pretty comprehensive 10-steps to improve your FICO score. 1. Get your credit report. If you are a U.S. consumers, you are entitled to one free credit report a year from each of the three national credit reporting…
bankruptcy
Bankruptcy Affects One’s Credit Score
by Eric Carnegie •
Credit has pros and cons. It is a wonderful thing in life until…it is not. When deep in debt, the temptation of declaring bankruptcy is huge. Chapter 7 or Chapter 13, sometimes we just want to get rid of the…
my crazy life
My Lender Ignored a Very Legitimate DCURD Tax Exemption
by Eric Carnegie •
Robert Shiller the Nobel prize winner on Economics, proved with a convincing chart that from 1890 to 2010, that house prices returned about zero if one excluding inflation. http://pragcap.com/wp-content/uploads/2012/12/housing.png Therefore a house is a lousy investment. I concur with him.…
my crazy life
Money Talks for Young People (1): Tips and Traps of Credit
by Eric Carnegie •
I have three growing kids, two in college and one in high school. Watching them growing up and being educated by the public and private schools in the US, I realize that our schools have not taught them the necessary…
my crazy life
Paying off a car lease does not help mortgage application, Paying off a mortgage does
by Eric Carnegie •
Now that I have closed on the house and my family have moved into the new house for more than one month, I finally found sometime to continue the story on how I got my mortgage approved by Provident Funding.…
banking, Real Estate
Cope With Discrimination Against Self-Employed In Mortgage Lending
by Eric Carnegie •
Federal Fair Housing Act stipulates the following discrimination in mortgaging lending illegal: race, color, national origin, religion, sex, familial status or handicap (disability). I think the law is not going far enough, it ought to include discrimination against self-employment. As…
my crazy life
Diligent Birds Get the Tax Breaks
by Eric Carnegie •
Two days left till Tuesday, April 15, the deadline for tax season. My tax was done back in February. I need the updated information to complete the applications for financial aids for my three children, and as it turned out,…
credit score
How Come My Credit Scores Are Lower Than My Wife’s
by Eric Carnegie •
In the recent credit report that my mortgage pulled for us, my scores (around 735) are consistent lower than those of my wife’s (around 780). Both of us have scores way well above 700, which entitles one to the lowest…
credit score, my crazy life
My Journey to Get a Mortgage Loan — The Beginning
by Eric Carnegie •
JPMorgan Chase, the nation’s biggest bank, announced quarterly financial results this morning. It missed on both revenue and net income. Especially, the revenue at the bank’s mortgage unit was $1.6 billion, down $1.1 billion from the same period a year…
investing
There is No Minimum Age to Start an IRA Account
by Eric Carnegie •
One of my kids started college last year. Even before he went to college, during his busy senior year in High School, the boy found a cashier job with Sprouts Farmer’s Market. In his first semester in college, he started…