The Mortgage Files

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

Can you buy a house with no credit?

Can you buy a house with no credit?

By Scott Sheldon / October 17, 2021

If you’re trying to buy a home, you’re preapproved, and you’ve been making offers, but you keep losing out because you have multiple offers, here are some things you need to consider. 1st things 1st, this is provided that your loan is fully intact, that you are well qualified, and that the loan essentially is…

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how to make your mortgage fit the box

Make your credit fit the mortgage box

By Scott Sheldon / March 6, 2016

If you have some credit challenges preventing you from getting mortgage with competitive rates and fees, read on. Here are some tips you can take to the bank… Know this: you need not have perfect credit to buy a home or get a mortgage. Your credit just needs to be sufficient; good, bad, ugly or…

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when is the right time to buy a home

How Financial Inconsistencies Could Affect Your Credit When Applying For A Mortgage

By Scott Sheldon / June 19, 2015

The information you submit on your mortgage loan application should be incredibly accurate. This includes submitting full legal names and addresses as accurately as possible. Here’s why… Submitting a Loan Application When you apply for a home mortgage loan, your lender inputs the information you provide them for the purposes of procuring credit. This information…

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