The Mortgage Files

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

When are housing prices going to return to normal?

When are housing prices going to return to normal?

By Scott Sheldon / June 29, 2022

For those that have been sitting on the sidelines, watching what’s happening in the market. Are you thinking to yourself “gosh I should have bought a house last year or a few years ago!” Remember, hindsight is 20-20 and you can’t regress you can only go forward. So, when are housing prices going to return…

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why are mortgage rates getting worse?

How to navigate rising mortgage rates

By Scott Sheldon / February 26, 2021

We’ve been spoiled by ultra-low mortgage rates for the last several months. We saw 30-year mortgage rates go down into the mid two’s on conventional and government loans. These interest rates were brought on by the pandemic, the job market uncertainty, and the broader United States being in a holding pattern about what’s going to…

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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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can you get a usda loan anymore

Can you get a USDA loan anymore?

By Scott Sheldon / April 13, 2016

One mortgage loan program popular in the last few years is the USDA loan. The program allows for you to buy a home with no money down and low monthly mortgage insurance. Here’s what you need to know if you’re interested in this type of financing. What the program entails The US Department of Agriculture…

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savings for down payment money

3 spots your down payment monies should not be

By Scott Sheldon / March 18, 2016

Buying home is probably the largest financial transaction you will ever do life. Where you store your down payment funds can mean difference between a smooth or dicey process… Buying a home does require a down payment of at least 3.5%. While there are programs which require no money down, most have more restrictive income…

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