The Mortgage Files

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

What is a non-qualified mortgage and why do these loan types cost more?mortgage

Should you take out an adjustable rate mortgage?

By Scott Sheldon / September 4, 2022

With interest rates as high as they are consumers want adjustable-rate mortgages for payment relief. If you’re thinking about an adjustable-rate mortgage versus a fixed-rate mortgage here are some things, you need to be aware of… The first few years of the mortgage loan are called a teaser rate.  A teaser rate is short-term and…

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