The Mortgage Files

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

Scott Sheldon's The Mortgage FIles Blog

FHA Preapproval: Renting Vs Owning Sonoma County

By Scott Sheldon / January 31, 2011

With home prices at record lows, getting an FHA Preapproval is a smart financial decision. A big concern for a lot of folks, seeking FHA Preapproval unemployment. People simply do not buy homes if they are worried about losing their job. However these people need to live somewhere and more often than not, they most…

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Scott Sheldon's The Mortgage FIles Blog

Buying Your First Home

By Scott Sheldon / December 26, 2010

Buying your first home is now a no brainer according to CNN. What I have found to be the case is that the majority of would be Sonoma County first time homebuyers generally know that purchasing a home today is a smart financial move. There are several things to consider in order to get the…

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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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