Indiana Mortgage Loans

MasonMac is now officially licensed to provide mortgage loans in Indiana. Indiana is the 32nd state MasonMac has obtained licensing in, and brings industry leading customer service and a wide product offering to the state. In short, Indiana mortgage loans just got a whole lot better! Residents in the Hoosier State now have access to…
Read MoreTrigger Leads – What Are They & What You Can Do

Do Credit Bureaus Sell Your Information – Trigger Leads Have you ever had your credit report pulled when applying for a loan, only to be swarmed with calls from creditors trying to sell services or offer loans? This isn’t a coincidence, and is one of the most annoying aspects of applying for credit for today’s…
Read MoreIs It a Good Time to Buy a House?

Is It a Good Time to Buy a House? This question is one of the most common questions we see from consumers, investors, real estate agents, and many others with interest in the real estate market. The answer is ‘yes’. But it also depends on your specific situation, what’s important to you, and where…
Read More2023 Conventional Loan Limits

The Federal Housing Finance Agency (FHFA) has released the loan limits for 2023. With this announcement, FHFA has effectively raised the limit on how many dollars can be borrowed using Fannie Mae & Freddie Mac Conventional loan products. The loan limits increased across the nation, with variances in the increases for “high cost areas”, and…
Read MoreWhat is a 203K Loan?
Is your home in need of renovations and repairs? A 203K loan could be your answer! A 203K loan is a home improvement loan that allows borrowers to finance the cost of repairs or improvements on their home. It’s typically used for projects that will increase the property’s value and/or improve its energy efficiency. It…
Read MoreSeptember 21, 2022 Fed Rate Hike

The Fed has once again raised their Fed funds rate by an expected .75 percent. As we explained in previous posts about Fed rate hikes, this is not a direct increase to mortgage rates, but the Fed’s move does have an impact on the mortgage marketplace and the broader economy. The most recent rate hike…
Read MoreWhat Is a Mortgage Rate Lock?

What is a Mortgage Rate Lock? A mortgage rate lock allows customers in need of mortgage financing to “lock” in their interest rate. This is an important feature of mortgages because the markets that influence mortgage rates (Mortgage backed securities, or MBS) trade each day and in certain markets can be very volatile. Rates can…
Read MoreMasonMac’s Lock & Shop Loan Program

In a volatile interest rate market, one of the most stressful parts of home buying can be trying to find the perfect home while trying to keep track of rates, payments, and affordability. In a relatively calm market, it may not be a big deal, but in 2022, when rates have moved upward faster than any time…
Read MoreThe Latest Fed Rate Hike

Once again, in an effort to curb inflation, the Fed has announced another Fed Rate Hike to the tune of a .75 increase to the Fed Funds rate. This Fed rate hike brings the Fed funds target rate range to 2.25%-2.5%, and the increase was in line with expectations, resulting in minimal initial changes to…
Read MoreHow Do Renovation Loans Work

Renovation loans, or renovation mortgages, can be a great way for home buyers to find a house and turn it into their dream home. It can also be a great way for home owners to stay in a home they love while making the updates that they want or need. Renovation loans can be used…
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