The Mortgage Files

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

3 creative ways to come up with a down payment

3 creative ways to come up with a down payment

By Scott Sheldon / December 19, 2021

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…

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What to know about VA loans

By Scott Sheldon / July 9, 2020

The VA mortgage is hands-down the best mortgage loan program. Here’s what you need to know if you’re a US military veteran and you’re eligible for VA financing… The VA does not grant loans, but they guarantee loans. The Depart of Veteran’s Affairs guarantees the lender against payment default. VA loans typically have much lower…

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Why a 6 Month job gap on your FHA Mortgage could be an issue

No more VA Loan Limits in January 2020!

By Scott Sheldon / October 27, 2019

HR 299 is a new VA Bill recently signed by the president that makes some big changes to VA financing. If you’re thinking about buying a house and you’re an eligible VA mortgage applicant. Here are some things you ought to consider.. VA financing allows you to purchase a house with no money down. Presently…

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