The Mortgage Files

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

Tax Forms and Tax Losses

Tax return losses may hurt your mortgage chances

By Scott Sheldon / May 23, 2017

Qualifying for a mortgage involves: an acceptable credit score, sufficient assets and stable income. These are to show you can support a mortgage payment, plus other liabilities. You must have a balance of all three to successfully qualify for financing. The following is what you must know when trying to qualify with “paper losses” on…

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Refinancing? What To Expect If You’re Rusty On The Financials

Refinancing? What To Expect If You’re Rusty On The Financials

By Scott Sheldon / June 25, 2015

Homeowners who have not taken out a mortgage in a few years are often astonished at the amount of paperwork they’ll need in the mortgage loan process. If you have not refinanced in the last five years, here’s what to get up to speed on… Paperwork to Compile Scrounging up supporting documentation is the least…

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when is the right time to buy a home

How Financial Inconsistencies Could Affect Your Credit When Applying For A Mortgage

By Scott Sheldon / June 19, 2015

The information you submit on your mortgage loan application should be incredibly accurate. This includes submitting full legal names and addresses as accurately as possible. Here’s why… Submitting a Loan Application When you apply for a home mortgage loan, your lender inputs the information you provide them for the purposes of procuring credit. This information…

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