The Mortgage Files

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

How your credit cards shape your ability to get a mortgage

How your credit cards shape your ability to get a mortgage

By Scott Sheldon / February 6, 2022

Maintaining a personal budget and having a good financial plan associated with your income is a good 1st step in preparing yourself to get mortgage loan financing. Whether you are buying a home or refinancing, consumer debts matter. It can make or break your situation. Here are some things you might want to give some…

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your mortgage chances may be slim with this credit card

Why your mortgage chances may be slim with this credit card

By Scott Sheldon / January 19, 2017

Credit cards play an integral role in your ability to qualify for home financing. If you carry a charge card in your wallet, this particular type of credit card might be the reason why your mortgage chances are a bit rocky. This is what you need to know about charge cards: Most credit cards have a provision in…

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