The Mortgage Files

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

Illustration showing a split scene of a rental apartment on one side and a house for sale on the other, representing the choice between renting and buyin

When to Rent Instead of Buy: Key Situations Where Renting Makes More Sense

By Scott Sheldon / November 4, 2025

Buying a home is often described as the ultimate step toward financial independence, but it isn’t always the best move for everyone. In some cases, renting provides more flexibility, better cash flow, and less stress than taking on a mortgage. Knowing when to rent instead of buy can save you money and help you stay…

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Illustration of a house with a credit card and mortgage paperwork, representing cash-out refinance to consolidate debt.

Does to make sense to cash refinance to consolidate debt?

By Scott Sheldon / October 29, 2025

Rising credit card balances and high-interest personal loans can put a strain on your monthly budget. One option many homeowners consider is a cash-out refinance to consolidate debt. This strategy can simplify payments and lower interest costs, but it’s not the right move for everyone. Understanding how cash-out refinancing works and weighing the benefits against…

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