The Mortgage Files

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

interest rate to refinance my mortgage

What’s the magic interest rate to refinance your mortgage?

By Scott Sheldon / February 5, 2023

For consumers who purchased their homes or took out any kind of residential mortgage loan in 2022 the future prospect of refinancing can seem very attractive. Here are some things you might want to consider as to finding what mortgage rate is generally the best to justify moving forward on a refinance when rates drop……

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Why an FHA Mortgage is by far the best out of the box loan option to buy a house

Why an FHA Mortgage is by far the best out of the box loan option to buy a house

By Scott Sheldon / January 29, 2023

FHA loans which are loans ensured by the federal housing administration oftentimes have gotten a bad rap, for the costs associated with them as well as the types of properties that will be insured by the FHA. The reality of it is that the NFA chain loan is by far unequivocally the most flexible loan…

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4 proven ways real estate wealth

4 proven ways real estate will make your wealthier

By Scott Sheldon / January 8, 2023

If you’re thinking about buying a home, good, it’s a sound financial decision and it’s the bedrock by which most Americans in America have created wealth for themselves and their families. Here are the four pillars of owning real estate and how they all work in tandem with each other to make you wealthier as…

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purchase or rate to buy a home

Is the mortgage rate or the purchase price you pay for a home more important?

By Scott Sheldon / November 13, 2022

If you’ve been thinking about purchasing a home and you’ve been on the fence because you’re just not sure about the right time, the information that’s going to follow is for you… Trying to time the market to identify a moment in time to pinpoint the right time to purchase a home is an incredibly…

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What are the financial risks in buying a home today?

What are the risks of buying a home?

By Scott Sheldon / August 24, 2022

When you’re buying a home, you should be thinking about not just the purchase price of the house, but you should be really thinking about your household budget. Saving money and being able to have a life without letting debt get the better of you should be a goal as it relates to deciding whether…

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How to determine which mortgage loan program is best based on your credit score

Why do mortgage companies have to pull a credit report?

By Scott Sheldon / August 21, 2022

When you apply to purchase or refinance a home the mortgage company is required to pull a copy of your credit report in order to issue a credit decision. Here are things you need to be aware of as it relates to your credit report and credit score from a financial services provider…   The…

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Why chasing the utopian mortgage loan is not a practical long term solution

Why focusing on finding the right home is better solution than searching loan programs

By Scott Sheldon / August 14, 2022

Most families would agree they would prefer to buy a home vs renting a home. Buying a home is not for everyone and it does require a certain degree of financial aptitude and ability. Most people begin researching mortgage loans online. The Internet is a wonderful tool to get a feel for what you might…

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Don't be the "I don't wanna waste your time" consumer

Don’t be the “I don’t want to waste your time” consumer

By Scott Sheldon / July 10, 2022

People looking to buy or refinance a home may have been turned down by another mortgage company based on their financial situation. If you’ve been turned down before and you think all odds are against you don’t give up. The first step to failure is not to try. Simply put don’t be that customer that…

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