The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
Buy a New Home Without Selling First | Avoid Contingent Offers
How to Buy a New Home Without Selling First One of the biggest challenges many homebuyers face today is wanting to buy a new home while still owning their current one. It’s an extremely common situation. You’ve built equity, you’re ready for the next chapter, but you can’t—or don’t want to—sell your current home before…
Read More about Buy a New Home Without Selling First | Avoid Contingent Offershow filing your tax returns might hurt your mortgage chances
If you’re looking to purchase or refinance a home, and you have not filed your 2021 tax return yet. And this goes for any year, here’s what you need to know as it relates to showing income. Let’s say you’re self-employed or you’re a W2 employee and you have additional income sources. Such as…
Read More about how filing your tax returns might hurt your mortgage chancesWhy not all first time homebuyer programs are created equal
If you are just starting in life and trying to get your footprint in the real estate climate; the information in this post is for you. Everyone must start somewhere and buy that first home. That first home is always the big one it is by far the hardest and most emotional. It can also…
Read More about Why not all first time homebuyer programs are created equalBuying a piece of land and put a home on it
People are always trying to find additional ways to reduce their costs when buying a home. Maybe that means buying a lower price point or changing to a condominium instead of a single-family house. Another segment of the market in most people’s home search journey considers the possibility of buying a piece of land and…
Read More about Buying a piece of land and put a home on it