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…
investing
Do What Einstein Said and Becoming a Millionaire is Easy
by Eric Carnegie •
Albert Einstein was not known for his wealth, but asides from his numerous achievements in Physics, he was also known for having said the following about wealth and money: “Compound interest is the eighth wonder of the world. He who…
my crazy life
When Not to Refinance
by Eric Carnegie •
You’ve had your mortgage for a long time. The amortization chart shows that the proportion of your payment that is credited to the principal of your loan increases each year, while the proportion credited to the interest decreases each year.…
Debt, Debt Reduction, Refinance
Why You Want to Refinance Your Mortgage
by Eric Carnegie •
With mortgage rates up about 1% from a couple of month ago, the refinancing wave has abated a bit. But the rates are still at historical lows and if you have not refinanced your mortgage yet, I want to provide…
credit score, Debt, debt and relationships, Debt Reduction
One Formula that Increases Credit Score
by Eric Carnegie •
Credit score is a myth. Many things go into the calculation of the credit score and they will not tell you how much each individual factor affect your score. The one factor of your credit score you have the most…
banking, credit score, Debt, Debt Reduction, investing, my crazy life
Three Credit Card Benefits: Rewards, Transfers, and Floats
by Eric Carnegie •
This afternoon, I just converted 46,556 points from one of my credit card into $465.56 cash and have it deposited to the bank account I have maintained with the bank I got the card from. Not too bad for three…