loan products

HELOC vs HELOAN

When it comes to deciding on a HELOC vs HELOAN, there are pros and cons to each

Homeowners looking to borrow against their home equity often consider two popular options, either of which don’t require a new first mortgage: a Home Equity Line of Credit (HELOC) and a Home Equity Loan (HELOAN). While both allow access to your home equity, there are important differences between a HELOC and HELOAN that you should understand…

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MasonMac Heroes Loan Program

Mortgage program for first responders, teachers, and other community heroes

At MasonMac, we take a lot of pride in being active in the many communities we serve.  With branches from the East Coast to Hawaii, we have the privilege of being a part of some wonderful areas across the United States.  Our team members are local parents, little league coaches, and volunteers throughout the country,…

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Non-QM Mortgage Loans – Pros, Cons, and Use Cases

Non-QM mortgage loans are available at MasonMac

As the mortgage industry has evolved, traditional mortgage products haven’t met the needs of every borrower. This is where Non-Qualified Mortgages (Non-QM) come into play. Non-QM mortgages are specialized loan products that offer flexible lending options for borrowers who may not meet the more stringent requirements of conventional mortgages. As with all loan products, Non-QM mortgages come…

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CalHFA Dream for All is here!

CalHFA Dream for All down payment assistance program

MasonMac has rolled out a solution to help first time home buyers in California achieve the dream of home ownership.  With the Dream for All program, CalHFA will offer qualifying first time home buyers up to 20% of a home purchase price toward down payment and closing costs in the form of a shared appreciation…

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2023 Conventional Loan Limits

conventional loan limits for 2023

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…

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What Is a Mortgage Rate Lock?

A mortgage rate lock offers protection in a rising interest rate environment

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…

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MasonMac’s Lock & Shop Loan Program

MasonMac's Lock & Shop mortgage allows home buyers to search for a home with interest rate protection in place.

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…

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How Do Renovation Loans Work

Renovation Mortgage

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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HELOC VS Refinance

the HELOC vs Refinance debate has a different "right answer" for everyone!

HELOC VS Refinance – the clash for cash   If you need to access cash from your home equity and have no interest in selling, in most cases you’re left with limited options to tap into the equity you’ve likely grown over the past few years of high appreciation.  It often boils down to 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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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

Questions about your payment? Please call 866.671.9519 or email servicing@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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