The Mortgage Files

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

Scott Sheldon's The Mortgage FIles Blog

When Saving Up For A Big Down Payment Does Not Make Sense

By Scott Sheldon / April 16, 2015

Saving up to buy a home down the road? That might make sense from a personal financial planning perspective, but from a pragmatic approach to actually getting your foot in the door you may want to reconsider your position. What to consider… In most cases your ability to save is going to be at a…

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Scott Sheldon's The Mortgage FIles Blog

How Much Are Closing Costs Going To Be On A Home Purchase?

By Scott Sheldon / December 24, 2014

This can change based on the purchase price of the homefor example if you’re looking at a house in Sonoma County, and the purchase price is $500,000 you can assume $10,000 for closing costs plus the down payment. When you buy a house down payment is always independent of the closing costs. In other words…

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