The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
What type of mortgage lender are you looking for?
Not all mortgage companies are the same. What type of lender or mortgage professional you work with can make the difference between you being successful in your home-buying endeavor or not. You want a lender, or someone working on your behalf who has the “whatever it takes” approach to helping you with financing. No matter…
Read More about What type of mortgage lender are you looking for?You can now cash out refinance 100% known to value with VA financing
For borrowers who are military veterans, the change to VA loans that recently have taken place can be immensely beneficial. If you have a VA mortgage on your house, and if you’re interested in using VA financing to accomplish your goals as it pertains to refinancing. Please read on… The Department of veteran affairs recently…
Read More about You can now cash out refinance 100% known to value with VA financingAre you Self employed having a tough time getting a mortgage?
Are you self-employed in having a tough time getting a mortgage? Here’s what you need to know… When it comes to being self-employed one of the biggest challenges that you’re going to have as an entrepreneur is reporting income. The more income you show the more taxes you pay the less you have for savings…
Read More about Are you Self employed having a tough time getting a mortgage?How changing your preapproved amount may affect your home buying chances
So, you’re looking to purchase a house, you’re preapproved, and you’re on the home search. You and your realtor are going out on nights and weekends looking at homes and deciding if the house is the right fit for you and your family. Here’s some following information you should be aware of as it relates…
Read More about How changing your preapproved amount may affect your home buying chances3 creative ways to come up with a down payment
Purchasing a house is no easy feat. One of the major elements you need to have to purchase a house is to have a good down payment. This will afford your the ability to get the lowest interest rate, and the lowest possible payment on your credit score, income, and purchasing price. Here are 3…
Read More about 3 creative ways to come up with a down paymentDon’t be an “I don’t want to waste your time” mortgage consumer
Mortgage companies must look at the overall picture in helping you qualify to purchase or refinance a home. If you think you might not qualify or there’s something in your financial picture, the lender still must look at the overall financial scenario to see if they can help you. So, if you think that there’s…
Read More about Don’t be an “I don’t want to waste your time” mortgage consumerHow 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 More about How to win in today’s competitive real estate marketHow 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 More about How to get a first time home buyer program