The Mortgage Files

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

Calculator and mortgage loan documents showing monthly savings on a refinance

When to Refinance Your Mortgage: Key Factors for Lowering Costs

By Scott Sheldon / November 6, 2024

When to Refinance Your Mortgage: Key Factors for Lowering Costs If you’ve bought a home recently or are considering lowering your mortgage rate, knowing when to refinance can make a significant financial difference. Many homeowners are looking for opportunities to reduce monthly payments or eliminate private mortgage insurance (PMI). Here are essential guidelines to help…

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Should you cash out refinance or get a home equity line of credit?

Should you cash out refinance or get a home equity line of credit?

By Scott Sheldon / August 28, 2022

Inflation is hitting consumers right and left. Seems like everything is going up these days and one of the most expensive types of debt has just got even more expensive- consumer loans. If you have consumer loans including student loans, personal loans, even a home equity line of credit, or credit cards expect the costs…

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be careful getting a mortgage with a bankruptcy

How much the debt in your life is costing you

By Scott Sheldon / February 10, 2017

Your ability to save money can become compromised by the financial obligations you are paying in your life. If you have a mortgage and consumer debts, this article will help you determine: Should you stay the course or take action to start getting control of your cash? The nuts and bolts of a good financial…

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