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?How to be a successful home buyer in 2021
If you want to be a successful home buyer, here are the following things you need to be aware of if you want to buy a house in 2021… It goes without saying interest rates are at extremely low levels. Those low-interest rates are fueling demand for housing. So let’s say you’re pre-approved and you’re out…
Read More about How to be a successful home buyer in 20213 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 homeHow to time the market to buy a home
Purchasing a home is one of the biggest staples of wealth for most families in America. It’s the largest thing in their life that can create big wealth creation. Here are some things to be aware of if you’ve been on the sidelines and you’re trying to figure out when is really the best time…
Read More about How to time the market to buy a homeShould you buy a house or refinance the one you already own in 2021?
With fixed-rate mortgages still at historical levels, many are considering re-evaluating their home and financial situation. One strategy might be to remodel the house you presently have another might be to acquire a new house. Here are some things to consider when exploring both options so you and your family can weigh out what makes…
Read More about Should you buy a house or refinance the one you already own in 2021?Why 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 tougherHow you use your money make affect your mortgage options
If you want a mortgage you need to be prepared financially and have all your ample documentation set up and ready to go. One such thing you need to be aware of is using cash. Here’s how to best support your cash when using down payment monies and or reserves to purchase a home…. First…
Read More about How you use your money make affect your mortgage optionsHow to make sure your mortgage application makes sense
Consumers securing mortgage loan financing today at times might be frustrated with the amount of paperwork needed to get their mortgage application signed off. As a result, you must meet ATR which is ability-to-repay requirements to secure mortgage financing. As a result, some people depending on how technical their file is may experience more paperwork…
Read More about How to make sure your mortgage application makes sense