The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
How to spruce up your offer to buy a home
Let’s say if you are in the market to be buying a home in the current environment here some things you might want to be aware of with regards to acting on a house that’s within your budget… Let’s say as a result the house you could afford is say $650k. For whatever reason, you…
Read More about How to spruce up your offer to buy a homeWhy you should not hesitate on making offer to buy a home
Let’s say if you are in the market to be buying a home. In the current environment here some things you might want to be aware of with regards to acting on a house that’s affordable and within your budget… You have found the family home that you could afford and it is priced at…
Read More about Why you should not hesitate on making offer to buy a homeShould you buy an existing home or build a new one?
In this environment, it’s no easy feat to get your foot in the door with real estate. You really have to avenues buy a house already in existence or build a new one. Here’s the skinny on both… Building a home Building a house is not for the faint of heart. It requires a considerable…
Read More about Should you buy an existing home or build a new one?How much money you need to purchase a home
The old adage you need 20% down to buy a home these days couldn’t be further from the truth. Contrary to popular belief, you only need a very small down payment to be successful in purchasing a home. 20% down is the old school mantra of lending however if you can put down 20% your…
Read More about How much money you need to purchase a homeHow to get a mortgage without tax returns for 2021
It goes without saying getting mortgage loan financing could be a little bit of an arduous process for some folks particularly those who have challenges showing income are in the self-employed category. The stated income loans and the loans that were created for self-employed borrowers unfortunately are very far and few these days and in…
Read More about How to get a mortgage without tax returns for 2021How to handle this mortgage rate environment
With the new administration we have, the extra stimulus the federal government is working its way through the markets, inflation, or fears of inflation is definitely upon us and as result, an unstable mortgage rate environment is upon us… The reality of it is no mortgage loan officer no matter how good they are has…
Read More about How to handle this mortgage rate environmentHow do you know when you are buying too much house
One of the strongest builders of wealth in America real state. People can buy a house and literally turned their lives around for the better and over the course of time become extremely wealthy as a result of owning real estate. If you’re going to go broke after you make your mortgage payment each month…
Read More about How do you know when you are buying too much houseHere’s what you need to understand about today’s mortgage rate environment
Interest rates are presently unstable. As a result of this instability brought on by some of the global and national events, we are in a very unique situation where rates literally from one day to another multiple times per day. The market for hunting for terms and price above all else was in 2020. Here’s…
Read More about Here’s what you need to understand about today’s mortgage rate environment