The Mortgage Files

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

the credit score it takes to get a mortgage

Mortgage inquiry make your credit score drop? Not so fast….

By Scott Sheldon / July 25, 2018

Mortgage loan officers hear daily from consumers they don’t want their credit score pulled because they’re worried about their credit score dropping. Unfortunately, the internet is full of information providing an over abundance of information to consumers yet does a poor job of educating people. Most articles you will see online are nothing more than click bait…

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How assumable mortgage loans work

2 simple reasons why your mortgage might not show up on your credit report

By Scott Sheldon / February 26, 2016

Your home mortgage is reported to the credit bureaus each month just like any other credit obligation. These reporting practices aides’ banks in granting credit requests. Here are two reasons why your mortgage loan might not show up on your credit report… Your loan is in the name of someone else-When you apply for a…

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