The Mortgage Files

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

Scott Sheldon's The Mortgage FIles Blog

FHA Mortgage Insurance Premiums reduced by 30 basis points-what this means for consumers

By Scott Sheldon / March 5, 2023

For folks looking to purchase or refinance a home with the FHA Loan, the Federal Housing Administration has just announced a reduction to their private mortgage insurance premiums by 30 basis points. This is a step in the right direction to help drive home ownership. Here is what this means for your bottom line… Presently…

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How your credit cards shape your ability to get a mortgage

How your credit cards shape your ability to get a mortgage

By Scott Sheldon / February 6, 2022

Maintaining a personal budget and having a good financial plan associated with your income is a good 1st step in preparing yourself to get mortgage loan financing. Whether you are buying a home or refinancing, consumer debts matter. It can make or break your situation. Here are some things you might want to give some…

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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…

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Scott Sheldon's The Mortgage FIles Blog

FHA Preapproval: Renting Vs Owning Sonoma County

By Scott Sheldon / January 31, 2011

With home prices at record lows, getting an FHA Preapproval is a smart financial decision. A big concern for a lot of folks, seeking FHA Preapproval unemployment. People simply do not buy homes if they are worried about losing their job. However these people need to live somewhere and more often than not, they most…

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