The Mortgage Files

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

How to handle this mortgage rate environment

How to handle this mortgage rate environment

By Scott Sheldon / April 7, 2021

With the new administration we have, the extra stimulus the federal government is working its way through the markets, inflation, or fears of inflation is definitely upon us and as result, an unstable mortgage rate environment is upon us… The reality of it is no mortgage loan officer no matter how good they are has…

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buying house too much on family budget

How do you know when you are buying too much house

By Scott Sheldon / March 31, 2021

One of the strongest builders of wealth in America real state. People can buy a house and literally turned their lives around for the better and over the course of time become extremely wealthy as a result of owning real estate. If you’re going to go broke after you make your mortgage payment each month…

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how to figure out mortgage rates

Here’s what you need to understand about today’s mortgage rate environment

By Scott Sheldon / March 19, 2021

Interest rates are presently unstable. As a result of this instability brought on by some of the global and national events, we are in a very unique situation where rates literally from one day to another multiple times per day. The market for hunting for terms and price above all else was in 2020.  Here’s…

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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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Buying a home successfully requires a few steps

How to be a successful home buyer in 2021

By Scott Sheldon / February 22, 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…

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Refinance with Sonoma County Mortgages

Where should you go to refinance your mortgage?

By Scott Sheldon / February 10, 2021

With interest rates still at historically, low levels many homeowners are discovering they can refinance to lower their interest rate, drop PMI, pull cash out, or move to an aggressive shorter-term mortgage than ever before due to global and economic events presently happening in the coronavirus pandemic… Where to get your mortgage and more particularly…

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New Home

3 elements you must have in your financial life to buy a home

By Scott Sheldon / January 27, 2021

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…

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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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