home buying
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 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 MoreTrigger Leads – What Are They & What You Can Do
Do Credit Bureaus Sell Your Information – Trigger Leads Have you ever had your credit report pulled when applying for a loan, only to be swarmed with calls from creditors trying to sell services or offer loans? This isn’t a coincidence, and is one of the most annoying aspects of applying for credit for today’s…
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 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…
Read MoreMasonMac’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 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 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…
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