The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
How to buy a home 2-1 and 3-2-1 Buydown Program
If you’re thinking about purchasing a home and you’re worried about the mortgage payment. Fear not, some, but not all mortgage companies might offer a buy-down program allowing you to get a below-market interest rate… It’s no surprise mortgage rates are presently on the higher side averaging 6.4 to 6.99 depending on your credit score,…
Read MoreShould you buy a house in this real estate market?
For many, the idea of buying a home is the American dream. The home purchase needs to be within your monthly budget. Here are things to consider in today’s present real estate market and how you can use those to your financial advantage as it relates to buying a family home… It’s no surprise interest…
Read MoreWhat are the risks of buying a home?
When you’re buying a home, you should be thinking about not just the purchase price of the house, but you should be really thinking about your household budget. Saving money and being able to have a life without letting debt get the better of you should be a goal as it relates to deciding whether…
Read MoreHow to win in today’s competitive real estate market
It’s no surprise that there’s competition in the market right now. And it’s particularly challenging to get your offer accepted to purchase a home. If you’re preapproved, using financing to buy a house and you’re having a tough time getting your offer accepted, here are a few things you can do to spruce your offer…
Read MoreShould you buy a house with a homeowners association?
Homeowners’ associations are legal governing bodies that determine the Aesthetics of the property, uniformity, and oftentimes cover things like maintenance of the property, garbage sometimes sewer, water, and various other things. A Homeowner’s association is a legal entity what that means is that they can enforce the rules and the regulations of the association. What…
Read MoreHow to get a first time home buyer program
Buying your first home requires careful consideration of your cash, credit, and income. A first-time homebuyer is anyone who has not owned a house or any real estate in the last 2 years. Here’s what you need to know… The reality of it is that there aren’t any special first-time homebuyer programs out there in…
Read MoreWhy purchase price should secondary to this one thing when buying a home
Here is the number one thing you need to be concerned about when buying a house and it’s not the purchase price… For people buying a house, the prospect of the market being over-inflated, the market being too high, or the purchase price of the house being too much those are all concerns however, there’s…
Read MoreBorrowing a down payment to buy a home? Watch our for these two retirement accounts
One of the best things you can do to proactively position you and your family to buy a home is to borrow money from your 401K after all, it’s your money. If you’re thinking about pulling money from retirement to buy a home here’s what you need to know and the 2 types of accounts…
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