The Mortgage Files

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

why your mortgage application could be denied

why your mortgage application could be denied

By Scott Sheldon / May 29, 2022

Getting a mortgage is not as simple as showing your ability to pay, having good credit, and good down payment. It also must pass a test period of Fannie Mae and Fannie Mac’s automated underwriting. This is something you should be aware of as it pertains to buying or refinancing a home. If your situation…

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Should you buy a single family or mobile home?

What type of mortgage lender are you looking for?

By Scott Sheldon / February 13, 2022

Not all mortgage companies are the same. What type of lender or mortgage professional you work with can make the difference between you being successful in your home-buying endeavor or not. You want a lender, or someone working on your behalf who has the “whatever it takes” approach to helping you with financing. No matter…

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Scott Sheldon's The Mortgage FIles Blog

What are the initials steps I should take when deciding to get pre-approved to buy a home?

By Scott Sheldon / July 25, 2015

Great question and one that should be handled with the utmost care and integrity. First you need to get prequalified. You need to have a conversation with a mortgage professional about your credit, debt, income and assets. After determining you qualify to purchase a home, the lender would ask you to submit a loan application…

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