The Mortgage Files

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

Why your student loan might cost you a house

Why your student loan might cost you a house

By Scott Sheldon / October 6, 2021

For anyone who has ever borrowed money, one of the things that will follow you till the end is a student loan. Repayment terms on a student loan, specifically state that the loan will get paid in full. You can’t short the debt, you can’t bankrupt the debt, and it will follow you until the…

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6 things you need for a mortgage

Your Student Loan Credit May Secretly Limit Your Mortgage Options

By Scott Sheldon / October 17, 2015

If not handled properly, your student loan may adversely change your home purchase plans. Here’s what you probably don’t know regarding your student loan servicer… Just like any other credit obligation, your student loan servicer reports to the credit bureaus. Even if the payment is deferred, the obligation still reports every 30 days much like…

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