The Mortgage Files

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

The equity percentage you need for a big mortgage is less than you think

By Scott Sheldon / February 16, 2017

Most people will tell you that you must have excellent credit and a big down payment to secure a larger mortgage. The reality is that while having a big chunk of cash to put down on a house is nice to have, it is not always an absolute requirement. Here is the information you should…

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Is down payment assistance worth it to a buy a home?

By Scott Sheldon / June 6, 2016

If you’re looking to buy a house with little or no cash your options may be limited. Here is what you need to know to get your foot in the door, successfully… Down payment assistance programs Down payment assistance can be sponsored by a local state or government entity or entity grant. Essentially, down payment…

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Should I Put More Money Down Or Pay Off Debt To Buy A Home?

By Scott Sheldon / March 29, 2015

Lining up your finances for a home purchase this year? Spring is right around the corner. Here’s how to gauge if you should put more money down, or pay off debt to improve your figures. Key questions to ask yourself: How much house payment can I manage while still being able to save money? How…

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