The Mortgage Files

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

Should you refinance into a higher rate mortgage?

Should you refinance into a higher rate mortgage?

By Scott Sheldon / April 3, 2022

It is no surprise inflation is upon us, and interest rates are feeling the rising cost of goods and services. Everything seems like it is going up in price. Mortgage rates are no exception. One thing you might want to consider as it relates to refinancing your house is there is a net tangible benefit.…

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You can refinance with up to 65% debt to income ratio

You can refinance with up to 65% debt to income ratio

By Scott Sheldon / December 5, 2021

For many people looking to save money. Refinancing can prove to be a very financially beneficial outlet. If you’ve tried to qualify for a mortgage before or have had some income challenges in your business or due to Covid- 19 for example here are some things to be aware of as it pertains to refinancing…

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The number one thing you need to watch out for on FHA and VA mortgages

The number one thing you need to watch out for on FHA and VA mortgages

By Scott Sheldon / September 2, 2020

Both programs offer extremely attractive interest rates, incredibly flexible qualifying, and also support less than perfect credit. Overall the programs are very favorable to producing an outcome that is practical and affordable. However, there is something you need to know about government mortgages that can be particularly difficult depending on your financial situation. Here is…

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