The Mortgage Files

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

make an offer to buy a home

Why you should not hesitate on making offer to buy a home

By Scott Sheldon / May 12, 2021

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…

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Making the choice between a new home and an exisiting home isn't easy

Should you buy an existing home or build a new one?

By Scott Sheldon / April 28, 2021

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…

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what to know before you consider doing a forbearance

Be careful going into forbearance

By Scott Sheldon / March 25, 2021

Well, times are definitely changing and one of the biggest challenges to buying a new home or refinancing a mortgage is forbearance. The federal government has allowed borrowers to do mortgage payment deferrals, but that comes at a cost. If you have forbearance on your mortgage right now or if you’re thinking about going into…

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how to buy a home

The 3 different types of home buyers

By Scott Sheldon / March 12, 2021

In today’s market to be successful in getting mortgage financing you need to be realistic about what you can afford what you can expand and what your financial situation will support. Hear 3 different ways to look at buying a home so you can figure out where you are in the bigger picture of things…

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Mortgage charts being worked on

How to time the market to buy a home

By Scott Sheldon / January 20, 2021

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…

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Mortgage Loan Application

Should you buy a house or refinance the one you already own in 2021?

By Scott Sheldon / January 13, 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…

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Loan Word Spelled Out in Palm of Hand

Why your side business makes getting a mortgage tougher

By Scott Sheldon / January 6, 2021

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…

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Home unlocked with key

How you use your money make affect your mortgage options

By Scott Sheldon / December 30, 2020

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…

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