The Mortgage Files

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

Get A Mortgage Rate Quote

By Scott Sheldon / June 1, 2011

If you are looking for a Sonoma County Mortgage, get a mortgage rate quote. Mortgage Interest Rates move on a daily basis causing interest rates to change sometimes by the hour. Daily macro economic events influence the buying and selling of bonds which stimulates the movement of money and subsequently, interest rate movement. Get A…

Want to Refinance? Try An FHA Short Pay Refi

By Scott Sheldon / May 26, 2011

If you have tried to refinance, but couldn’t because of income, or insufficient home equity, consider the FHA Short Pay Refinance Program. The FHA Short Pay Refinance Program is backed by HUD, just like a traditional FHA Loan, and offers current homeowners an opportunity to refinance into a fixed rate mortgage for payment relief. Traditionally,…

Current Mortgage Rates For Santa Rosa

By Scott Sheldon / May 14, 2011

Since the death of Bin Laden, current mortgage rates for Santa Rosa remain under 4.75%! For the last two weeks we have had a rally in current mortgage rates and you can now lock in the best mortgage since middle of 2010. Consumers are feeling stronger about the economy by pouring their money into the…

No Cost Refinances = Tremendous Savings

By Scott Sheldon / April 20, 2011

What is a no-cost mortgage ? Let me be the first to say that many lenders quote rates and programs to get you to apply with them. That being said there are several distinctions we should make when understanding what a no-cost mortgage is. Let’s first talk about all the rest. A zero points mortgage…

Mortgage Payment Calculator

By Scott Sheldon / April 16, 2011

With current mortgage rates still under 5%, do the math, an accurate mortgage payment calculator can help you calculate an affordable mortgage payment for your Sonoma County home loan. Taking out a mortgage is a careful step that requires meticulous consideration. You should always be working with current mortgage rates when using a mortgage payment…

Use A Local Petaluma Lender

By Scott Sheldon / April 9, 2011

Use a local Petaluma Lender to obtain a purchase home loan or a refinance home loan. A Sonoma County mortgage company will have one of the three types of representatives to assist you and helping you obtain a home loan. The first one will be local Petaluma Lender. This will usually be somebody who works…

Why You Should Work With Scott

By Scott Sheldon / March 26, 2011

“Dear Scott,We wish to thank you for working with us to obtain our home loan. We found you to be diligent in your effort to find us the right loan. You answered all our questions and were prompt to get back to us. You really made the process painless.We most appreciated your sincerity and honesty,…

See What An FHA Pre-approval Is All About

By Scott Sheldon / February 27, 2011

Folks seeking FHA Pre-Approvals Sonoma County will be paying more post April 18, 2011. The monthly mortgage insurance premiums are in fact being increased by a .25% on 30 year and 15 year fixed-rate mortgages beginning on April 18, 2011. For Sonoma County first-time home buyers and folks seeking FHA Pre-Approvals Sonoma County this represents…