The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
Can you get a mortgage for a manufactured home?
One of the types of homes people tend to look at in a high-cost market is manufactured homes. If you’re in the market for buying a house or even refinancing a house that you already home here are all you need to know about manufactured homes… Manufactured homes are built in a factory and shipped…
Read More about Can you get a mortgage for a manufactured home?3 elements you must have in your financial life to buy a home
2021 might be the year to purchase a home. With the combination of ultra-low interest rates buying a home could absolutely be something within your reach. Timing the market not a good idea, buying a home when your finances and cash and credit and income support generally makes sense if you have a buy and…
Read More about 3 elements you must have in your financial life to buy a homeWhy your side business makes getting a mortgage tougher
The reality of today’s mortgage market may come in the form of tough love. For many families purchasing or refinancing a home can make a huge financial impact on their life. Applying for and successfully get a home loan can be a bit tricky depending on your financial situation. Here are some things to just…
Read More about Why your side business makes getting a mortgage tougherThe 3 most common mortgage loan types
Picking the right mortgage loan type for your family is a big financial decision. Here are some things to consider about the three most popular types of mortgages and what the pros and cons and differences are between all three… Most mortgages today are for 30 year fixed rates. There are other terms available such…
Read More about The 3 most common mortgage loan typesThe number one reason why you shouldn’t buy a home
Buying a home is a balancing act between a mortgage payment in relation to present and future expenses. One of the biggest challenges people have when buying a house is being able to plan a family budget around a mortgage payment. Real estate is not black and white, it is not linear sometimes it’s a…
Read More about The number one reason why you shouldn’t buy a homeHow to decide the right time to buy a home
One of the challenges people have when deciding to purchase a house is trying to pinpoint the right time to make the move. Everyone is in a different stage of life and pinpointing the optimal time can be a little bit tricky depending on one’s personal finances. Here are some things to consider when deciding…
Read More about How to decide the right time to buy a homeCommon reasons buyers give to not buy a home
How can you determine what is the right house, the right area the right location, and the right house for you and your family? Here are tips to consider as you’re out there in the marketplace looking at houses with your real estate agent… What type of house are you looking for? Are you looking…
Read More about Common reasons buyers give to not buy a homeThe catch with today’s low-interest-rate environment
If you’re getting a mortgage or thinking about getting any type of mortgage loan financing and you’re looking at interest rates for 30-year mortgages in the mid to s for example here’s what you need to know… Most mortgage offerings in the marketplace today at or sub 3% come with varying rates fees and in…
Read More about The catch with today’s low-interest-rate environment