The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Scott Sheldon's The Mortgage FIles Blog

Mortgage Shop Santa Rosa

By Scott Sheldon / November 29, 2010

To Mortgage Shop Santa Rosa be prepared for current mortgage rates to change frequently. Everyone knows they should Mortgage Shop Santa Rosa at least on a preliminary level makes sense in order to compare the most current mortgage rates on any home loan. Unlike shopping for a car or a camera to begin your mortgage…

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Scott Sheldon's The Mortgage FIles Blog

Comparing Mortgage Rates In Sonoma County

By Scott Sheldon / November 18, 2010

What to look for in comparing mortgage rates in Sonoma County. The Federal Reserve came out last week discussing in the media how they intend to purchase mortgage bonds moving forward in order to keep borrowing costs for consumers comparing mortgages down. If you are comparing mortgage rates in Sonoma County be aware that interest…

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Scott Sheldon's The Mortgage FIles Blog

Understanding FHA Home Loans

By Scott Sheldon / November 13, 2010

The two types of loans offered by a local mortgage lenders are conventional loans and FHA Home Loans. We are going to be discussing FHA insured loans and some of the changes the Federal housing finance agency has put into place for local lender financing. As a local Santa Rosa mortgage lender, I can offer…

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Scott Sheldon's The Mortgage FIles Blog

What? Another pre-approval?

By Scott Sheldon / October 31, 2010

If you are thinking about purchasing a home in Sonoma County be prepared to play the game for another pre-approval. The Sonoma County real estate market is dominated by REO otherwise commonly referred to as bank owned property. These unsold homes sitting on the market are oftentimes controlled by the big banks like Chase, Bofa…

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Scott Sheldon's The Mortgage FIles Blog

Sonoma County "Best Rates"

By Scott Sheldon / October 24, 2010

Sonoma County Best Rates:there are two ways to look at them. Most consumers look at mortgage rates whether being online, in the newspaper, etc. and automatically assume that the interest rate that is being advertised is the real interest rate that they can actually a lock a loan on. Get A Live Rate Quote for…

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Scott Sheldon's The Mortgage FIles Blog

FHA Streamline Refinances "The Truth"

By Scott Sheldon / October 17, 2010

There is so much confusion out there associated with getting an FHA streamline refinance. You can still get a low Sonoma County mortgage rate by refinancing your FHA Loan. Because of the way the market is presently, borrowers have the capability of getting a no cost FHA streamline Refinance done. Most people who have FHA…

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Scott Sheldon's The Mortgage FIles Blog

Who To Use To Get The "Best Mortgage"

By Scott Sheldon / October 17, 2010

To get the mortgage that fits you best,in today’s world of mortgage lending there are really three sources. Most people today prefer working with banks because they provide the financing directly and they usually have control over the transaction. The three funding outlets are as follows: 1. A bank-a depository institution such as a chase…

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Scott Sheldon's The Mortgage FIles Blog

Mortgage After Short Sale or Foreclosure

By Scott Sheldon / October 17, 2010

One of the things I am doing for folks who have been victims of this real estate market is helping them get back in shape to purchase a home in two to three years. Lots of people obtained purchase mortgage loans in 2004-2007. Many people have lost their homes and now they will need a…

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