The Mortgage Files

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

Cartoon-style image showing a happy homebuyer and a smiling house running through a green maze labeled “Mortgage.” The homebuyer holds a sign saying “Credit & Income,” and the house holds one saying “Appraisal.” A “Loan Denied” barricade marks an obstacle along the path. The scene is bright, humorous, and optimistic, symbolizing overcoming hurdles in the mortgage process.

The Only Two Real Obstacles in the Loan Process: Credit/Income and Appraisal

By Scott Sheldon / January 28, 2026

For many homebuyers, getting a mortgage can feel like navigating a maze of paperwork and requirements. But when you boil it down, there are really only two key hurdles that can stop a loan from closing: the borrower’s credit and income, and the property’s appraisal. Understanding these two critical areas will help you focus on…

Read More