The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
How seller credit maximize your purchasing power on a conventional or FHA home loan
Maximizing Your Home Buying Power with Seller Credits When purchasing a home, every dollar counts. Whether you’re putting down 3.5% with an FHA loan or opting for a conventional route with 10% or 20% down, understanding how seller credits work can be a game-changer. These credits can significantly reduce your out-of-pocket expenses, lower your monthly…
Read MoreThe Risks of Chasing a Lower Mortgage Rate
Why Chasing a Lower Mortgage Rate Can Backfire When buying a home, it’s natural to want the lowest mortgage rate possible. But sometimes, chasing a slightly better rate from another lender—especially after your offer has already been accepted—can backfire in a big way. Real-World Scenario You’ve got an offer accepted on a house. You’re working…
Read MoreVA Loan Options for Surviving Spouses
Understanding VA Loan Refinance Options for Surviving Spouses Losing a spouse is one of life’s most challenging experiences, especially when that spouse served in the military. Beyond the emotional weight, surviving spouses often face financial uncertainties, including the question of how to keep or refinance their home. Fortunately, the VA home loan benefit doesn’t always…
Read MoreWhy Home Insurance Is Skyrocketing in California—and What Buyers Should Know
Climate Change and Mortgage Challenges: Navigating Homeownership in California In recent years, climate change has emerged as a significant factor influencing various aspects of homeownership, particularly in California. From escalating insurance premiums to challenges in refinancing and purchasing homes, residents are navigating a complex landscape shaped by environmental and economic forces. Rising Insurance Costs Amid…
Read MoreNavigating Sonoma County’s Housing Market in 2025: What Buyers Need to Know
Sonoma County Home Buying in 2025: Navigating Economic Uncertainty and Affordability As a mortgage loan officer with two decades of experience, I’ve seen the housing market ebb and flow. In 2025, Sonoma County presents a unique blend of opportunities and challenges for prospective homebuyers. Economic uncertainties, fluctuating interest rates, and affordability concerns are at the…
Read MoreWhat’s Driving the Volatility and What Comes Next?
Mortgage Rates in April 2025: What’s Driving the Volatility and What Comes Next As of April 2025, mortgage rates are experiencing notable fluctuations, reflecting the broader economic uncertainties. The average 30-year fixed mortgage rate has hovered around 6.6% to 6.85% in recent weeks, influenced by various macroeconomic factors. Key Factors Influencing Current Mortgage Rates Federal…
Read MoreShould You Buy a Home Now Or Wait for Lower Rates in 2025?
Should you Buy a Home Now at 6.5% to 7% Interest, or Wait? Let’s address the elephant in the room: mortgage interest rates. If you’re asking, “Are rates going to drop soon, or should I buy now at 6.5–7%?” you’re not alone. This question is everywhere right now, and honestly—it’s a fair one. Rates have…
Read MoreWhy “Cheaper” Isn’t Always Better: The Real Story Behind Mortgage Pricing and Underwriting
Let’s get real for a second: mortgage pricing isn’t as wide open as most people think. Sure, it’s tempting to chase the lowest rate you see online or the lender who claims to save you $50 a month, but here’s the deal most borrowers never hear — mortgage lenders, for the most part, are all…
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