The Mortgage Files

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

Will co-signing on someone else's mortgage hurt my mortgage chances?

Will co-signing on someone else’s mortgage hurt my mortgage chances?

By Scott Sheldon / January 23, 2022

One of the most misunderstood things in the areas of mortgage finance is cosigning. What it means, what it does for the loan, and what it does to your financial future. It’s a bit murky what the reality is versus what you may hear or read. If you are thinking about cosigning, or you’ve been…

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When it comes to mortgage financing the harder way is usually the way that will make your loan work.

When it comes to mortgage financing the harder way is usually the way that will make your loan work

By Scott Sheldon / October 24, 2021

We are still in an environment that requires us to get support ability to repay. The harder approach, generally, is the approach that’s going to make the most sense between taking you from where you’re going and helping you accomplish your goal. If a new accomplisher goal of refinancing a house, or buying a new…

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Scott Sheldon's The Mortgage FIles Blog

Want A Mortgage? Give Us Your Birth Certificate

By Scott Sheldon / September 14, 2014

In the compliant world of securing a mortgage these days, many are realizing explanations and full supporting documentation are now considered to be the ‘norm’. Lenders must validate a borrower really is who they say they are. One way a mortgage lender verifies a borrower’s identity is validating their Social Security Number. The catch? If…

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