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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Did the Fed Lower the Interest Rate?

Does the Fed affect mortgage rates?

Today it’s anticipated that the federal reserve will cut rates by a margin of .25 to the Fed funds rate.  What does that mean?  Well, the Fed funds rate is the rate which banks borrow from each other in the federal reserve system.  When the Fed cuts rates, it’s usually to stimulate the economy by…

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Mortgages for Millennials

Mortgages for millennials

Is there a mortgage program for millennials?  With all of the headlines, media quotes, and information out there, you would think mortgages for millennials would incorporate a slew of products, programs, educational courses, and more.  The reality, though, is far less fancy.   While there are a ton of mortgages for millennials, the programs available…

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Can I Buy a Home If I Have Debt?

You can get a mortgage loan even with student loan, auto, credit card, or other debt

Can I Buy a Home With Debt?   When it comes to buying a home, many people are concerned with their debts.  Headlines frequently discuss student loan debt, and how it holds people back from home ownership – particularly the millenial generation.  Another easy “fact” to find online is that lenders want your total debt,…

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How Home Ownership Builds Wealth

If the Fed cuts rates, we won't see much, if any, change to mortgage rates, BUT, credit card rates will change with the Fed funds rate

“Home Ownership is the key to building wealth”   Have you heard this before?  A lot of people have heard this phrase, or some rendition of it, and it usually comes from a lender or real estate agent.  What usually isn’t communicated as well is HOW home ownership builds wealth.  HOW, through buying and holding…

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What is a No Closing Cost Refinance

A No Closing Cost Refinance can allow you to save money monthly without costing you dollars or equity

Rate is the one word that comes up perhaps more than any other when shopping for a mortgage loan.  The second most frequent topic of discussion is on closing costs – the dollar amount it takes to get a mortgage done.  There’s an appraiser that needs to be paid, underwriters that need a paycheck, and…

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What Would a Recession Mean for Housing?

Markets and Economy

The “R” Word   It’s come up a lot recently.  With unemployment at or near all time lows, a stock market rally that’s defied all odds for longer than history says it should have, and the Fed looking at potentially reversing monetary policy, it looks like our next recession is more a matter of when,…

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How Much Money Do I Need for a Mortgage Down Payment

MasonMac offers many low and no down payment mortgage options

What Mortgage Options Are Available With Less Than 20% Down Payment? One of the biggest mortgage misconceptions is how much money is needed as a down payment when purchasing a new home.   One rumor that won’t  die is that to buy a home, you need a large down payment.  So many people believe they need 20% down…

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Does Experian Boost Work?

Does Experian Boost Work?

  Experian, one of the 3 major credit bureaus, has recently rolled out a marketing campaign to highlight their ‘Boost’ product – one which a customer can use to report accounts that traditionally do not get reported to the credit bureaus, to increase their credit scores.   Sounds great, right?   Well to see a…

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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)


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