The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
Buying a piece of land and put a home on it
By Scott Sheldon
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February 20, 2022
People are always trying to find additional ways to reduce their costs when buying a home. Maybe that means buying a lower price point or changing to a condominium instead of a single-family house. Another segment of the market in most people’s home search journey considers the possibility of buying a piece of land and…
Read More about Buying a piece of land and put a home on itThe only 5 guaranteed ways to boost borrowing power
By Scott Sheldon
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March 8, 2018
Interest rates are on the rise and the cost of funds is now hovering just below 5% on the average 30-year fixed-rate mortgage. Following are tried and true techniques you can use to improve your mortgage borrowing power. Paying off debt This one is huge. Minimum payments on car loans, student loans, credit cards and…
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