The Mortgage Files

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

Scott Sheldon's The Mortgage FIles Blog

Mortgage Loan Fees You Need To Know

By Scott Sheldon / March 22, 2015

Let’s cut to the chase obtaining a mortgage to buy a home or refinance one you already own is not cheap. There’s no two ways about it. Encumbering property is going to cost some bucks. Knowing the fees lenders charge including both upfront and later on in the transaction can help ensure you’re getting a…

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Scott Sheldon's The Mortgage FIles Blog

Does My Loan Type Hurt My Credit Score?

By Scott Sheldon / February 28, 2015

Future favorable financing deals, low rates and preferred credit offerings all will be available depending on how well you manage the grandaddy credit type: a mortgage loan. Generally, when you take out a mortgage on home, you can expect a sharp and noticeable increase in all three credit scores, just by virtue of making a…

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Scott Sheldon's The Mortgage FIles Blog

Who Is Paying Your Debt May Alter Your Mortgage

By Scott Sheldon / February 15, 2015

Getting a mortgage is probably largest transaction of your life, no doubt, it will have an impact on your finances for the next 30 years. If you carry consumer liabilities, these unequivocally reduce ability to borrow money. If someone else pays your debt, determining financial responsibly for that party becomes critical.  Consumer Obligations What we…

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Scott Sheldon's The Mortgage FIles Blog

Think You Can't Buy A House Because Its A Seller's Market?

By Scott Sheldon / December 21, 2014

Have you decided to put off purchasing a home? If you’re worried you’re paying too much for a house- think again. Here’s why: Higher Home Prices Let’s take a pause and rewind to 2012, the unemployment rate exceeded 8%, short sales and foreclosures were rampant, consumer confidence was low, the prospectus of job growth was…

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Scott Sheldon's The Mortgage FIles Blog

Are You Sure Renting Still Makes Sense?

By Scott Sheldon / December 7, 2014

Many millions of consumers who either previously owned a home or have never owned a home before  are all too familiar with the financial drain renting poses. Here’s four renting realities consumers face… Your Home Is Controlled By Your Landlord A legal right to occupy the property does not not include making changes to the…

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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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