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The Home Renovations With The Highest Return On Investment
Over the course of time, owning a home will often lead to different wants and needs for a house. Sometimes this leads to a move, and sometimes, renovations are a better alternative. While some renovations are driven by personal preference and style, it’s important to consider the return on investment (ROI) when planning major home renovations.…
Read MoreHELOC vs HELOAN
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…
Read MoreMasonMac Heroes Loan Program
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,…
Read MoreNon-QM Mortgage Loans – Pros, Cons, and Use Cases
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…
Read MoreCalHFA Dream for All is here!
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…
Read MoreIndiana Mortgage Loans
MasonMac is now officially licensed to provide mortgage loans in Indiana. Indiana is the 32nd state MasonMac has obtained licensing in, and brings industry leading customer service and a wide product offering to the state. In short, Indiana mortgage loans just got a whole lot better! Residents in the Hoosier State now have access to…
Read MoreIs It a Good Time to Buy a House?
Is It a Good Time to Buy a House? This question is one of the most common questions we see from consumers, investors, real estate agents, and many others with interest in the real estate market. The answer is ‘yes’. But it also depends on your specific situation, what’s important to you, and where…
Read More2023 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 MoreSeptember 21, 2022 Fed Rate Hike
The Fed has once again raised their Fed funds rate by an expected .75 percent. As we explained in previous posts about Fed rate hikes, this is not a direct increase to mortgage rates, but the Fed’s move does have an impact on the mortgage marketplace and the broader economy. The most recent rate hike…
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…
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