8 Things to Consider When Refinancing
8 Things to Consider When Refinancing Since the 1980s, rates in the US have consistently fallen on mortgage loans, with new all time lows regularly being established. Refinancing can be a great financial decision, but it’s important to consider a few things before diving in so you can be prepared for the process, outcomes, and…
Read More3 Tips to Increase Credit Scores FAST
3 Tips to Increase Credit Scores FAST When applying for debt, a lot of weight is put on credit scoring. The difference between ultra competitive rates, terms, and lenders practically begging for your business and seeing terms that come with astronomical rates and costs can sometimes be just a few points in credit scoring.…
Read MoreHow Our Mortgage Technology Helps You
How Our Mortgage Technology Helps YOU When choosing a loan officer, some of the things people focus on have been the things people have focused on for years – decades, even; rate, APR, is the company local, do they have a good reputation? All of these factors are important, but in today’s world, another…
Read MoreMortgage Myth: Skipping a Payment
Mortgage Myth: “Skipping a Payment” when Refinancing One of the most common myths in the mortgage world is an oft-misunderstood aspect of refinancing when it comes to the first payment date of a newly originated/refinanced loan. Many times consumers and loan officers alike are confused by the timeline of having one loan paid off and payments…
Read MoreHome Prices – The Market is Affordable!
Homes Are More Affordable Than They Seem In today’s world of competitive markets, short inventory, and rising purchase prices, things are tough for home buyers (and sellers, too!). With sharp appreciation and bidding wars becoming more common, it seems the market is unaffordable, but when diving into the data, it appears that throughout the US,…
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 MoreWhat Increased Loan Limits Mean For You In 2020
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.…
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…
Read MoreIs It Smart to Refinance Your Home?
“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…
Read MoreRichmond Virginia Mortgage Client Appreciation Party
On Wednesday, November 6, 2019, Mason-McDuffie’s Richmond Virginia branch held a client appreciation party to gather with and thank their clientele. The event was held at Richmond’s River City Roll (rivercityroll.com) venue and offered a ton of fun for clients and their families. The patio was packed with clients and their families along with MasonMac team…
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