The Mortgage Files

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

A military veteran couple of Asian descent smiles while reviewing mortgage paperwork at their kitchen table, using a laptop and calculator.

How Spousal Debt Affects Your VA Loan in a Community Property State

By Scott Sheldon / June 3, 2025

VA Loans and Spousal Debt: What Veterans in Community Property States Need to Know When you’re a military veteran, few things are as valuable in the homebuying process as your VA loan benefit. It’s one of the most powerful mortgage options available—offering zero down payment, no mortgage insurance, and competitive interest rates. But there’s a…

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Car payments vs owing a home

Car Payments and Home Buying Power: How $700/Month Can Cost You $100,000

By Scott Sheldon / April 17, 2025

How a Car Payment Could Cost You $100,000 in Home Buying Power When you’re house hunting in today’s market, every dollar counts — and sometimes, it’s not your income holding you back from qualifying, it’s your monthly liabilities. One of the biggest culprits? Your car payment. You wouldn’t believe how often I see someone with…

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