loan products
2023 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 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 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…
Read MoreHELOC VS Refinance

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…
Read More2022 Conventional 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…
Read MoreNo PMI With Less Than 20% Down?

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…
Read MoreThe Ins and Outs of a Jumbo Mortgage

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…
Read More2021 Conventional Loan Limits are Out…and Up!

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…
Read MoreThe Renovation Mortgage is the Key to Your Dream Home

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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