The Mortgage Files

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

what kind of home buyer are you

What kind of home buyer are you?

By Scott Sheldon / August 15, 2017

Buying a home whether it be your first home or even a second home should be done with prudence and care. You should be looking at homes that you have a shot of getting. Here’s why… In many markets, there is a lack of supply and big demand for housing. This scenario is creating multiple…

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This common mistake will kill your mortgage

By Scott Sheldon / March 2, 2017

Are you buying a home? This common mortgage mistake can end up creating more unnecessary challenges for you during the underwriting process. Here are the things you should look out for… When you are buying a home, you need to show your lender that you have a down payment and access to funds to close.…

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how to get an fha mortgage on condo

Buy a condo or a single family home?

By Scott Sheldon / April 8, 2016

When the time homes to buy your first home, you will have options galore. Here’s how to decide if you should purchase a single-family home or a more affordable condominium unit. Undoubtedly, buying a home is without doubt the largest financial decision you’ll probably make in your lifetime. It is critical to make sure the…

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These ridiculous things could be needed to buy a home

These ridiculous things could be needed to buy a home

By Scott Sheldon / March 27, 2016

It is no secret getting approved for a mortgage loan requires a fair amount of paperwork. Here is what you should know if there if there is anything questionable in your past… When you apply for a mortgage for the first time or you’re a little rusty on the process, it’s reasonable to expect some…

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Scott Sheldon's The Mortgage FIles Blog

3 Low Down Payment Options First Time Buyers Have To Get Their Foot In The Door

By Scott Sheldon / April 9, 2015

Demand for housing remains strong as we enter this spring season. Renters are finding buying a home may even in some cases be less than renting. If you don’t have a lot of cash are looking to purchase your first home this year read on…. How Much Cash You Will Need Hint- it’s less than…

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