The Mortgage Files

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

THE REALITY OF DOWN PAYMENT ASSISTANCE

This common mistake will kill your mortgage

By Scott Sheldon / March 2, 2017

Are you buying a home? This common mortgage mistake can end up creating more unnecessary challenges for you during the underwriting process. Here are the things you should look out for… When you are buying a home, you need to show your lender that you have a down payment and access to funds to close.…

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The equity percentage you need for a big mortgage is less than you think

By Scott Sheldon / February 16, 2017

Most people will tell you that you must have excellent credit and a big down payment to secure a larger mortgage. The reality is that while having a big chunk of cash to put down on a house is nice to have, it is not always an absolute requirement. Here is the information you should…

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How to set the cost of your own mortgage

By Scott Sheldon / January 26, 2017

Mortgages are not cheap. Closing costs and interest paid over time to your lending bank will make the cost of having a mortgage very pricey over the 15-30 years that you have it. When it comes time to getting your mortgage you actually have more control over your loan costs than you think. Here is…

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