Giving Our Buyers the Edge with Buyer’s Advantage

Buyer's Advantage helps home buyers get their offer accepted amongst competition

At MasonMac, we work to consistently give our home buying customers an advantage in the market place.  In today’s market, more than ever, it’s important that buyers have an edge and every advantage they can get, and that’s where MasonMac’s Buyer’s Advantage program comes in!   With Buyer’s Advantage, MasonMac not only preapproves customers through…

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Should You Pay Points?

Mortgage points

Should You Pay Points? When getting a mortgage, one of the most important things to pay attention to is the cost of the loan being applied for.  There are certain fees customers can shop for that may be drastically different from one lender to another (for example, discount points, and lender fees) and some fees that…

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Is Affordable Housing Still Possible?

Affordable Housing is still a reality in most markets by many metrics

Home prices are at all time highs!  It’s a bubble!  There’s a dip coming!  It’s a terrible time to buy!  These are some of the things headlines have been touting for….well, years now, as appreciation in the housing market has marched higher.  And yes, home prices are up – much higher in some markets, than  a…

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2022 Conventional Loan Limits

loan limits

Each year toward the end of November, FHFA (Federal Housing Finance Authority, the agency overseeing Fannie Mae & Freddie Mac) releases updated loan limits for the following year.  This sets the maximum amount of money that can be borrowed under conventional lending guidelines.  Today’s announcement informed us that for 2022, conventional loan limits will be…

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No PMI With Less Than 20% Down?

You can get a loan without monthly PMI, but it may not make sense

No PMI With Less Than 20% Down?   Yes!  It’s possible!  Kind of… There have been a lot of headlines about mortgage products with no PMI and less than 20% down recently.  It’s been mortgage dogma for a long time that any loan less than 20% down includes PMI, or monthly mortgage insurance, but recently, many…

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Why Do So Many Mortgage Companies Call?

Why do you get so many calls after applying for a mortgage?

If you’ve recently applied for a mortgage loan, you may have noticed a trend – your phone is ringing (even more than usual) with numbers on the caller ID you don’t recognize.  If you answer, you’re likely getting pitched for a mortgage from a company you never contacted and a loan officer or dialer you…

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The Ins and Outs of a Jumbo Mortgage

Affordable Housing is still a reality in most markets by many metrics

Looking to purchase your dream home?  Or perhaps you live in a high priced market where home values have appreciated faster than conventional loan limits can keep up?  Jumbo mortgage financing offers opportunity for those looking to borrow beyond what FannieMae, FreddieMac, or HUD will offer or insure, and opens the door to financing for…

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Homeowners Should Expect Appreciation in 2022

Home prices are forecast to continue to rise in 2022

Home Appreciation Expected to Continue Through 2022   With the final quarter of 2021 under way, we expect to see a lot of forecasts and announcements around changes as we head into another new year.  Over the next month, 2022 loan limits will be announced, lenders will begin to make a final push to finalize…

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Why Credit Scoring Models Show Different Scores

Credit scoring models vary from one bureau and model to another

Why Are Credit Scores Different?   If you’ve shopped around for a mortgage loan, one of the things you’ve likely seen is that credit scores lenders pull tend to be different (sometimes by quite a lot) from what you see when tracking your own credit scores.  Why is that?  It comes down to how credit information is reported, which scoring…

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8 Things to Consider When Refinancing

refinancing can be a great financial move

8 Things to Consider When Refinancing Since the 1980s, rates in the US have consistently fallen on mortgage loans, with new all time lows regularly being established.  Refinancing can be a great financial decision, but it’s important to consider a few things before diving in so you can be prepared for the process, outcomes, and…

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Mason-McDuffie Mortgage

12647 Alcosta Boulevard
Suite 300
San Ramon CA. 94583

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

Licensing

Licensed by The Department of Financial Protection and Innovation
under the California Residential Mortgage Lending Act. NMLS# 1141
NMLS Consumer Access Site

Not  a  commitment  to  lend. Rates  and  terms  subject  to  change  without  notice. Licensed by The Department of Financial Protection and Innovation under  the  California  Residential  Mortgage Act  No. 4130968; AL  #22653; AR  #32700; Colorado regulated by the Division of Real Estate; DE #019623; FL #MLD819; Georgia Residential Mortgage Licensee #20924; ID #MBL-5861; Kansas Licensed Mortgage Company #MC.0025601; KY: #MC701698; MD: #16927; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the NJ Department of Banking and Insurance; NC: L-152867; NV: #3681; OK: #ML012358; Licensed by the Oregon Division of Financial Regulation #ML-3808; PA: #37008; TN: #112513; Licensed by the Virginia State Corporation Commission #MC-5579, WV: #ML-31523/MB31759, WY: #3964. NMLS #1141. www.nmlsconsumeraccess.org

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.

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