The Mortgage Files

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

Signs you’re not ready to buy a house

By Scott Sheldon / November 14, 2021

Everyone wants to purchase a house and buying a home is considered the American dream. However, not everyone is ready to buy a house, and here are some things you might want to give some consideration to as it pertains to whether not you should or should not buy a home.   You must have…

What may happen with interest rates in 2023

By Scott Sheldon / November 7, 2021

With an unknown future, and the broader economy still recovering from the pandemic. What’s to happen with interest rates? Well, it’s. Well, interest rates typically improve on bad economic news. If you haven’t been watching the market, pay close attention to the following information… Generally, in the world of mortgages interest rates drive home buying…

Don’t be an “I don’t want to waste your time” mortgage consumer

By Scott Sheldon / November 3, 2021

Mortgage companies must look at the overall picture in helping you qualify to purchase or refinance a home. If you think you might not qualify or there’s something in your financial picture, the lender still must look at the overall financial scenario to see if they can help you. So, if you think that there’s…

Why these 2 factors drive housing prices above all else

By Scott Sheldon / October 31, 2021

People are astonished at how housing prices are so strong right now. These 2 Housing factors are playing a very important role in the housing market. More importantly in one’s ability to decide to purchase a home Your income people. Do not buy houses unless they’re feeling good about their income. More specifically, their job…

Could there be a real estate market crash

By Scott Sheldon / October 27, 2021

Could there be a real estate market crash? The so-called financial experts have predicted this since 2008, since the last financial crisis. Are we in a housing bubble? And what should you do as it pertains to purchasing a home if you’ve been on the fence?   Here are some things to be aware of…

When it comes to mortgage financing the harder way is usually the way that will make your loan work

By Scott Sheldon / October 24, 2021

We are still in an environment that requires us to get support ability to repay. The harder approach, generally, is the approach that’s going to make the most sense between taking you from where you’re going and helping you accomplish your goal. If a new accomplisher goal of refinancing a house, or buying a new…

Why its a real estate problem, not a mortgage problem

By Scott Sheldon / October 20, 2021

If you’re trying to buy a home, you’re preapproved, and you’ve been making offers, but you keep losing out because you have multiple offers, here are some things you need to consider. 1st things 1st, this is provided that your loan is fully intact, that you are well qualified, and that the loan essentially is…

Can you buy a house with no credit?

By Scott Sheldon / October 17, 2021

If you’re trying to buy a home, you’re preapproved, and you’ve been making offers, but you keep losing out because you have multiple offers, here are some things you need to consider. 1st things 1st, this is provided that your loan is fully intact, that you are well qualified, and that the loan essentially is…