The Mortgage Files

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

Infographic titled "Appraisal Risks in Refinancing" showing four people discussing refinancing. It highlights appraisal risk factors, mitigation strategies, and alternatives like HELOCs and second mortgages, using a clean layout with navy text on a beige background.

Worried About a Low Appraisal? Here’s What You Need to Know Before Refinancing

By Scott Sheldon / May 28, 2025

In the current real estate market, homeowners considering refinancing are increasingly concerned about the implications of home appraisals. Appraisals play a crucial role in determining a property’s value, directly influencing loan-to-value (LTV) ratios and, consequently, the terms and approval of refinancing applications. Understanding the nuances of appraisal risks is essential for homeowners aiming to make…

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A wallet containing colorful credit cards with a bold text overlay reading "Refinancing Strategies to Reduce Credit Card Debt and Buy a Home – Refinance" against a blue background.

Refinancing Strategies to Reduce Credit Card Debt and Buy a Home

By Scott Sheldon / May 20, 2025

Refinancing Strategies to Reduce Credit Card Debt and Buy a Home If you’re sitting on a 3% mortgage and juggling high-interest credit card or auto loan debt, you’re not alone. As of early 2025, the average American household carries about $7,321 in credit card debt, with interest rates often exceeding 20% . This financial strain…

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Should you cash out refinance or get a home equity line of credit?

Should you cash out refinance or get a home equity line of credit?

By Scott Sheldon / August 28, 2022

Inflation is hitting consumers right and left. Seems like everything is going up these days and one of the most expensive types of debt has just got even more expensive- consumer loans. If you have consumer loans including student loans, personal loans, even a home equity line of credit, or credit cards expect the costs…

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