The Mortgage Files

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

Should you buy a single family or mobile home?

What type of mortgage lender are you looking for?

By Scott Sheldon / February 13, 2022

Not all mortgage companies are the same. What type of lender or mortgage professional you work with can make the difference between you being successful in your home-buying endeavor or not. You want a lender, or someone working on your behalf who has the “whatever it takes” approach to helping you with financing. No matter…

Read More
what you need to know about private mortgage insurane

What you need to know about private mortgage insurance

By Scott Sheldon / June 5, 2018

If you’re purchasing or refinancing a house with less than 20% Equity. You’re going to be subject to having PMI. Here’s what you need to know regarding private mortgage insurance with regards to financing your house… When you have less than 20% equity on your house the mortgage company is going to require you to…

Read More
why waiting for lower rates is a bad idea

How to remove private mortgage insurance

By Scott Sheldon / May 16, 2017

There is too much information circling around the internet, about how to remove mortgage insurance from your monthly mortgage payment. Unfortunately, it is not as simple as having 20% home equity either. Here is what you need to know about removing this dreaded housing cost. Is the loan insured by FHA or is the loan…

Read More