loan products

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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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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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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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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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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