The Mortgage Files

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

How to position your mortgage pre-approval against rising rates

Position your pre-approval against rising rates

By Scott Sheldon / March 27, 2022

The inflationary environment that we are in, coupled with the supply chain, and rising prices of food and energy, all have contributed to higher costs for about every economic resource. Interest rates are no exception. Interest rates are up one day down the next based on worldly and historic events. If you’re pre-approved for a…

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Scott Sheldon's The Mortgage FIles Blog

Mortgage Loan Fees You Need To Know

By Scott Sheldon / March 22, 2015

Let’s cut to the chase obtaining a mortgage to buy a home or refinance one you already own is not cheap. There’s no two ways about it. Encumbering property is going to cost some bucks. Knowing the fees lenders charge including both upfront and later on in the transaction can help ensure you’re getting a…

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Scott Sheldon's The Mortgage FIles Blog

How To Buy A House With No Down Payment And No Monthly PMI

By Scott Sheldon / March 17, 2014

Considering the possibility of buying a home this year? Contrary to popular belief, you need not have a down payment to get your foot in the door. Tips to avoid monthly private mortgage insurance… Ways To Get The Keys What you’ll need: a good credit score, at least 700 credit score or better with a…

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Scott Sheldon's The Mortgage FIles Blog

6 Reasons To Buy Income Property Now!

By Scott Sheldon / November 1, 2012

This real estate market is continuing to produce many fantastic opportunities including a very make sense approach to purchasing income property. Decide where to invest your your cash… 6 Reasons Income Buying Property Makes Sense 1. Low Mortgage Rates– even for investment properties, continue to remain low creating a favorable mortgage payment. It’s not uncommon…

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