Is It Smart to Refinance Your Home?

Is it smart to refinance your home?  As with most things mortgage-related, it depends on your individual scenario.

“Yes!  Of course!  Immediately!”, said the mortgage company…   While as a mortgage company we certainly have skin in the game when it comes to refinancing, transparency is also the name of our game, and we want you to know the truth to the question “is it smart to refinance my home?”.  And that truth…

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Richmond Virginia Mortgage Client Appreciation Party

River City Roll hosted Mason-McDuffie Mortgage's Virginia team for their client appreciation party

On Wednesday, November 6, 2019, Mason-McDuffie’s Richmond Virginia branch held a client appreciation party to gather with and thank their clientele.  The event was held at Richmond’s River City Roll (rivercityroll.com) venue and offered a ton of fun for clients and their families.  The patio was packed with clients and their families along with MasonMac team…

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What the Fed Rate Cut Means to You

The Fed rate cut is a small piece of the big economic picture, but it does NOT have an immediate impact on mortgage rates as many people believe

The Fed has once again cut rates, this time by .25% – so what does this mean for you?     Well, the Fed funds rate is the rate banks borrow from each other.  When the rate is cut, it is done to help stimulate the economy and increase inflation.  The Fed funds rate is…

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Why Do I Need Mortgage Insurance

Mortgage Insurance (PMI) opens the door to home ownership for borrowers with less than 20% down

Mortgage insurance (PMI) is often seen as a bad word in the mortgage industry because it is, after all, a cost to the consumer.  No one wants to pay additional costs, but to really understand mortgage insurance, it becomes clear that mortgage insurance, or PMI, is a positive – for borrowers, for lenders, and in…

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Buying a House with No Down Payment

A down payment should't block your home ownership dreams

Home values have risen substantially over the past several years and are expected to continue that trend, at least short term.  That means that for many individuals and family, the largest hurdle to home ownership is coming up with a down payment.  Conventional loans typically come with a 3% down payment requirement, and FHA loans…

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The Best Mortgage Term for You

MasonMac offers mortgage terms that fit any client's needs.  More options mean better planning.

Is the 30 year fixed rate mortgage the best loan?  Yes!  Is the 15 year fixed rate mortgage the best loan?  Yes!  Is the 10 year mortgage the greatest of loans?  Yes!   How can all 3 of these loan terms be the best?  Well, they’re all the best option for different people.  At MasonMac,…

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How To Get the Best Mortgage Rates

Mortgage rates vary a lot, but there are things you can do to make sure you get a great rate!

Mortgage rates have gotten a lot of airtime in the media recently.  Currently near all-time lows, many people are shopping for a new mortgage right now, and rightly so!  With the opportunity to reduce monthly payments, access equity to pay other bills or complete renovations, or reduce a loan term, it’s a great time to…

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The Shift to a 45 Day Home Buying Process

A 45 day contract period will assure a stress free transaction and allow some breathing room for market-driven delays

Buying a home?  Want some advice that’ll save you a ton of stress and make the home buying process more enjoyable?  Make your contract date longer than 45 days.  Your agent doesn’t think that’s possible?  Send them this blog : )   The mortgage industry is currently in the middle of a business boom due…

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VA Mortgage Loans Getting More Restrictive

The VA Mortgage loan program offers one of the best loan products for eligible Veterans

Predatory lending.  Churning.  Taking advantage of borrowers.  These are words and phrases that should be only distant memories of the pre-housing crash mortgage market of the early 2000s.  Unfortunately though, they’ve all been brought up in today’s marketplace as well, specifically when it comes to VA mortgage loans and recent actions taken by Ginnie Mae…

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Mason-McDuffie Mortgage Corporation

2430 Camino Ramon
Suite 300
San Ramon CA. 94583

Phone: 925-242-4400
Fax: 866-743-0260
Toll-Free: 877-ASK-MMMC (877-275-6662)
info@masonmac.com

Licensing

Licensed by the Department of Business Oversight
under the California Residential Mortgage Lending Act. NMLS# 1141
NMLS Consumer Access Site