The Mortgage Files

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

How to purchase a house with a partial down payment

How to purchase a house with a partial down payment

By Scott Sheldon / December 12, 2021

How do you buy a house with not quite enough money? Contrary to popular belief you can buy a house even if you don’t have enough money to do it. It’s a little technical but it’s going to require you, your realtor, and your lender to put your heads together. Here’s how it can be…

Read More
FHA LOANS for 2020 and beyond to buy or refinance

All about FHA Loans for 2020 and beyond

By Scott Sheldon / July 3, 2020

One of the most popular mortgage loan programs continues to be popular especially amongst first time home buyers is the FHA loan. FHA Loans can help bridge the gap between renting and owning an offer numerous benefits. It is prudent as an informed consumer to know the mechanics of how FHA Loans work and all…

Read More
Mortgage Word Cloud Art

Why an FHA loan may be a suitable choice

By Scott Sheldon / April 28, 2017

 FHA loans have gotten a bad rap in the last few years. Here is the Granddaddy Truth about FHA loans, you should really consider if you are looking for mortgage options! FHA loans are another option you can take as a borrower, to help you accomplish your financial goal. The Federal Housing Administration ensures the…

Read More

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…

Read More