The Mortgage Files

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

Why not all first time homebuyer programs are created equal

Why not all first time homebuyer programs are created equal

By Scott Sheldon / April 10, 2022

If you are just starting in life and trying to get your footprint in the real estate climate; the information in this post is for you. Everyone must start somewhere and buy that first home. That first home is always the big one it is by far the hardest and most emotional. It can also…

Read More
how the ppp loan may hurt your mortgage

Should you go FHA or conventional for purchasing your first home?

By Scott Sheldon / August 4, 2019

Buying your first home should be handled with extreme care including selecting which mortgage loan program makes the most financial sense. Following is what you ought to consider when looking at both mortgage loan programs … Loans backed by Fannie Mae and Freddie Mac are conventional loans which require a minimum down payment of 5%…

Read More