The Mortgage Files

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

Comparing Mortgage Rates In Sonoma County

By Scott Sheldon / November 18, 2010

What to look for in comparing mortgage rates in Sonoma County. The Federal Reserve came out last week discussing in the media how they intend to purchase mortgage bonds moving forward in order to keep borrowing costs for consumers comparing mortgages down. If you are comparing mortgage rates in Sonoma County be aware that interest…

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…

Sonoma County "Best Rates"

By Scott Sheldon / October 24, 2010

Sonoma County Best Rates:there are two ways to look at them. Most consumers look at mortgage rates whether being online, in the newspaper, etc. and automatically assume that the interest rate that is being advertised is the real interest rate that they can actually a lock a loan on. Get A Live Rate Quote for…

Who To Use To Get The "Best Mortgage"

By Scott Sheldon / October 17, 2010

To get the mortgage that fits you best,in today’s world of mortgage lending there are really three sources. Most people today prefer working with banks because they provide the financing directly and they usually have control over the transaction. The three funding outlets are as follows: 1. A bank-a depository institution such as a chase…