The Mortgage Files

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

Scott Sheldon's The Mortgage FIles Blog

Mortgage Tip: Increase Your Credit Score

By Scott Sheldon / October 17, 2011

So you went ahead and applied for a mortgage loan and you’re all geared up to refinance refinance at today’s fantastic interest rates and your lined up to be preapproved to purchase a house. Your income is good, your assets is good, you got two years on the job, and even don’t have much debt.…

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Scott Sheldon's The Mortgage FIles Blog

Foreclosure Vs. Short Sale Know The Risks

By Scott Sheldon / September 28, 2011

For any homeowners who are in the predicament of choosing a short sale versus a foreclosure, this information is for you. Many people will tell you to just let the property go to foreclosure and in some cases that is the best route, but more often than not, a short sale makes more sense for…

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Scott Sheldon's The Mortgage FIles Blog

Your Credit Score: What You Need To Know

By Scott Sheldon / July 15, 2011

Your credit score is an indication of how likely you are to default on a debt obligation in the next 30 days. The credit score is made up of many different components. All a credit score is, is an indicator or rather a predictor of how likely you are to default on a monthly debt…

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Scott Sheldon's The Mortgage FIles Blog

Finding A Bad Credit Mortgage

By Scott Sheldon / July 9, 2011

Finding a bad credit mortgage loan is this the first step to completing a purchase or a home refinance. Bad credit mortgage loans are surprisingly available. There are loans out there for people who have unique credit situations. Lenders charge what is called risk based pricing which prices out a loan according to a borrowers…

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