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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3 Tips to Increase Credit Scores FAST

Use these tips to increase credit scores quickly!

3 Tips to Increase Credit Scores FAST   When applying for debt, a lot of weight is put on credit scoring. The difference between ultra competitive rates, terms, and lenders practically begging for your business and seeing terms that come with astronomical rates and costs can sometimes be just a few points in credit scoring.…

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How Our Mortgage Technology Helps You

Mortgage Technology is helping MasonMac customers save money and close faster

How Our Mortgage Technology Helps YOU   When choosing a loan officer, some of the things people focus on have been the things people have focused on for years – decades, even; rate, APR, is the company local, do they have a good reputation?  All of these factors are important, but in today’s world, another…

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Mortgage Myth: Skipping a Payment

When refinancing, 'skipping a payment' is a myth, and doesn't really happen.

Mortgage Myth:  “Skipping a Payment” when Refinancing One of the most common myths in the mortgage world is an oft-misunderstood aspect of refinancing when it comes to the first payment date of a newly originated/refinanced loan.  Many times consumers and loan officers alike are confused by the timeline of having one loan paid off and payments…

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Home Prices – The Market is Affordable!

Home prices are going up, but in most markets, things are still affordable!

Homes Are More Affordable Than They Seem   In today’s world of competitive markets, short inventory, and rising purchase prices, things are tough for home buyers (and sellers, too!).  With sharp appreciation and bidding wars becoming more common, it seems the market is unaffordable, but when diving into the data, it appears that throughout the US,…

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2021 Conventional Loan Limits are Out…and Up!

2021 conventional loan limits

2021 Loan Limits Are Out and They’re Up!   Today, Fannie Mae & Freddie Mac released their updated loan limits for 2021.  Each year, maximum loan limits on conventional loans are adjusted based on median home values and the overall housing market.  For 2021, we’re seeing a 7.5% increase to conventional loan limits!  The new…

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What Increased Loan Limits Mean For You In 2020

GivingMoney-min

At the end of each year, typically in the last week of November, the federal agencies governing mortgage financing (FHFA and HUD) announce new loan limits for the following year.  These loan limits are based on the median home price for given markets, and for 2020, the loan limits increased for most of the country.…

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The Renovation Mortgage is the Key to Your Dream Home

Renovation mortgage loans offer home buyers an edge in getting a house and turning it into a home - often at a great price!

We realize that at the time this is posted, we’re seeing severe shortages of home inventory in most markets across the country.  Homes are priced extremely high, and in the rare occasion that a well-priced, move in ready home hits the market, it’s often not long before multiple bids come in, driving that once reasonable…

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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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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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