The Mortgage Files

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

VA Loans in Community Property States: How to Manage Spouse’s Credit and Debt in California

VA Loans in Community Property States: How to Manage Spouse’s Credit and Debt in California

By Scott Sheldon / July 31, 2024

Navigating VA Loans in Community Property States: A Guide for Married Couples in Sonoma and Lake County, California Buying a home is a monumental step, and securing a VA loan can be a fantastic option for veterans looking to make that dream a reality. However, living in a community property state like California adds a…

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Should You Buy a Home with a 401(k) Loan or Down Payment Assistance?

Should You Buy a Home with a 401(k) Loan or Down Payment Assistance?

By Scott Sheldon / June 26, 2024

Buying a home is a significant financial decision that requires careful planning and consideration of various financing options. Two common methods prospective homeowners might consider are borrowing from a 401(k) and utilizing down payment assistance programs. Each approach has its benefits and drawbacks, and understanding these can help you make an informed decision tailored to…

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How Rising Incomes and Smart Strategies Can Help You Buy a Home in Sonoma County

How Rising Incomes and Smart Strategies Can Help You Buy a Home in Sonoma County

By Scott Sheldon / June 19, 2024

Buying a home is one of the most significant financial decisions many will make in their lifetime. As home prices continue to rise, so too does the level of income needed to qualify for a mortgage. This is particularly true in places like Sonoma County, California, where the picturesque landscapes and high quality of life…

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