Uncategorized
MasonMac 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 MoreWhat is a 203K Loan?
Is your home in need of renovations and repairs? A 203K loan could be your answer! A 203K loan is a home improvement loan that allows borrowers to finance the cost of repairs or improvements on their home. It’s typically used for projects that will increase the property’s value and/or improve its energy efficiency. It…
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 More5 Things To Keep In Mind When Buying A Home During the Holidays
Buying a home during the holidays offers more benefits than most people realize – less competition from other buyers who may be sitting on the sidelines, lower rates resulting from cyclical slowdowns in the economy, sellers more motivated to sell, and more opportunity to see a home at it’s worst – more problems are apparent…
Read MoreWhy Do I Need Mortgage Insurance
Mortgage insurance (PMI) is often seen as a bad word in the mortgage industry because it is, after all, a cost to the consumer. No one wants to pay additional costs, but to really understand mortgage insurance, it becomes clear that mortgage insurance, or PMI, is a positive – for borrowers, for lenders, and in…
Read MoreThe Shift to a 45 Day Home Buying Process
Buying a home? Want some advice that’ll save you a ton of stress and make the home buying process more enjoyable? Make your contract date longer than 45 days. Your agent doesn’t think that’s possible? Send them this blog : ) The mortgage industry is currently in the middle of a business boom due…
Read MoreHow Home Ownership Builds Wealth
“Home Ownership is the key to building wealth” Have you heard this before? A lot of people have heard this phrase, or some rendition of it, and it usually comes from a lender or real estate agent. What usually isn’t communicated as well is HOW home ownership builds wealth. HOW, through buying and holding…
Read More
