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What is a 203K Loan?

Is your home in need of renovations and repairs? A 203K loan could be your answer! A 203K loan is a home improvement loan that allows borrowers to finance the cost of repairs or improvements on their home. It’s typically used for projects that will increase the property’s value and/or improve its energy efficiency. It…

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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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Why Do I Need Mortgage Insurance

Mortgage Insurance (PMI) opens the door to home ownership for borrowers with less than 20% down

Mortgage insurance (PMI) is often seen as a bad word in the mortgage industry because it is, after all, a cost to the consumer.  No one wants to pay additional costs, but to really understand mortgage insurance, it becomes clear that mortgage insurance, or PMI, is a positive – for borrowers, for lenders, and in…

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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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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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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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