The Mortgage Files

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

Why not all first time homebuyer programs are created equal

Why not all first time homebuyer programs are created equal

By Scott Sheldon / April 10, 2022

If you are just starting in life and trying to get your footprint in the real estate climate; the information in this post is for you. Everyone must start somewhere and buy that first home. That first home is always the big one it is by far the hardest and most emotional. It can also…

Read More
Can you get a mortgage with bad credit?

Can you get a mortgage with bad credit?

By Scott Sheldon / January 9, 2020

Many mortgage companies along with the internet would have you believe getting a mortgage with bad credit cannot happen. It is true the process will be more difficult and challenging, but it is not impossible. If your desiring to refinance your property or buy a home with less than perfect credit the following information will…

Read More
Scott Sheldon's The Mortgage FIles Blog

Can I buy a house if I have a rental late payment?

By Scott Sheldon / January 2, 2015

No you cannot have a rental late in the last 12 months if you are gunning to buy home. Mortgage lenders may do what’s called a verification of rent (VOR)-to make sure you have not had a late payment in the last 12 months if you have this very well might derail your loan. Additionally,…

Read More