loan products
No PMI With Less Than 20% Down?
No PMI With Less Than 20% Down? Yes! It’s possible! Kind of… There have been a lot of headlines about mortgage products with no PMI and less than 20% down recently. It’s been mortgage dogma for a long time that any loan less than 20% down includes PMI, or monthly mortgage insurance, but recently, many…
Read MoreThe Ins and Outs of a Jumbo Mortgage
Looking to purchase your dream home? Or perhaps you live in a high priced market where home values have appreciated faster than conventional loan limits can keep up? Jumbo mortgage financing offers opportunity for those looking to borrow beyond what FannieMae, FreddieMac, or HUD will offer or insure, and opens the door to financing for…
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 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 MoreBuying a House with No Down Payment
Home values have risen substantially over the past several years and are expected to continue that trend, at least short term. That means that for many individuals and family, the largest hurdle to home ownership is coming up with a down payment. Conventional loans typically come with a 3% down payment requirement, and FHA loans…
Read MoreThe Best Mortgage Term for You
Is the 30 year fixed rate mortgage the best loan? Yes! Is the 15 year fixed rate mortgage the best loan? Yes! Is the 10 year mortgage the greatest of loans? Yes! How can all 3 of these loan terms be the best? Well, they’re all the best option for different people. At MasonMac,…
Read More
