The Mortgage Files

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

Stop blaming the long program because you can't get into contract. This is a real estate agent problem not a mortgage problem.

Why its a real estate problem, not a mortgage problem

By Scott Sheldon / October 20, 2021

If you’re trying to buy a home, you’re preapproved, and you’ve been making offers, but you keep losing out because you have multiple offers, here are some things you need to consider. 1st things 1st, this is provided that your loan is fully intact, that you are well qualified, and that the loan essentially is…

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why there are no maybe loans in todays market

Why there are no “Maybe Loans” in today’s lending world

By Scott Sheldon / April 3, 2017

Are you trying to qualify for mortgage financing? Giving a “scenario” to a lender without actually providing thorough financials and pulling credit is a recipe for disappointment. Here is what you really need to know about today’s lending world to make sure you get real information. Today’s mortgage world is a very compliant and bureaucratic…

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can you get a usda loan anymore

Can you get a USDA loan anymore?

By Scott Sheldon / April 13, 2016

One mortgage loan program popular in the last few years is the USDA loan. The program allows for you to buy a home with no money down and low monthly mortgage insurance. Here’s what you need to know if you’re interested in this type of financing. What the program entails The US Department of Agriculture…

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