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…
Author Archive for Eric Carnegie
I came to the US as a student about 23 years ago with two suitcases and $80 in my pocket. Today I own several houses, a couple of websites, and some other investments.
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,…
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…
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…
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…