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MasonMac’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 MoreThe Latest Fed Rate Hike
Once again, in an effort to curb inflation, the Fed has announced another Fed Rate Hike to the tune of a .75 increase to the Fed Funds rate. This Fed rate hike brings the Fed funds target rate range to 2.25%-2.5%, and the increase was in line with expectations, resulting in minimal initial changes to…
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 MoreWill Inflation Go Down?
Will Inflation Go Down? There’s a lot of economic jargon being tossed around in headlines these days, and one of the hot topics out there is inflation. To start, it’s important to understand what inflation is. When the value of a currency diminishes, the result is inflation – basically, you get less for the…
Read MoreWhat the Fed Rate Hike Means for You
What the Fed Rate Hike Means for You Today the Fed increased their Fed Funds rate by .75 percent. While on the surface that doesn’t seem like too big a bump, this is the largest single-day increase to the Fed funds rate since 1994, signaling a serious attempt at Fed members to reign in…
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 MoreWhat is a Rent Back?
What is a Rent Back? In today’s housing market inventory is low and buyer demand is high. In such a market, many buyers need to get creative in structuring their offer on a home, and many sellers (future buyers) need to consider the fact that they, too, will soon encounter the same challenges that buyers…
Read MoreWhat the Fed Rate Hike Means for My Mortgage
How the Fed Rate Hike Affects Mortgage Rates Yesterday, March 16, 2022, was the date of the first Fed rate hike in 3 years, and is the first of an expected 7 total for the year 2022. This rate hike is an effort to fight off the inflation once deemed “transitory” but has proven…
Read MoreGiving Our Buyers the Edge with Buyer’s Advantage
At MasonMac, we work to consistently give our home buying customers an advantage in the market place. In today’s market, more than ever, it’s important that buyers have an edge and every advantage they can get, and that’s where MasonMac’s Buyer’s Advantage program comes in! With Buyer’s Advantage, MasonMac not only preapproves customers through…
Read MoreShould You Pay Points?
Should You Pay Points? When getting a mortgage, one of the most important things to pay attention to is the cost of the loan being applied for. There are certain fees customers can shop for that may be drastically different from one lender to another (for example, discount points, and lender fees) and some fees that…
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