Posts Tagged ‘mortgage’
HELOC 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’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 MoreWhy Do So Many Mortgage Companies Call?
If you’ve recently applied for a mortgage loan, you may have noticed a trend – your phone is ringing (even more than usual) with numbers on the caller ID you don’t recognize. If you answer, you’re likely getting pitched for a mortgage from a company you never contacted and a loan officer or dialer you…
Read MoreHomeowners Should Expect Appreciation in 2022
Home Appreciation Expected to Continue Through 2022 With the final quarter of 2021 under way, we expect to see a lot of forecasts and announcements around changes as we head into another new year. Over the next month, 2022 loan limits will be announced, lenders will begin to make a final push to finalize…
Read More8 Things to Consider When Refinancing
8 Things to Consider When Refinancing Since the 1980s, rates in the US have consistently fallen on mortgage loans, with new all time lows regularly being established. Refinancing can be a great financial decision, but it’s important to consider a few things before diving in so you can be prepared for the process, outcomes, and…
Read More3 Tips to Increase Credit Scores FAST
3 Tips to Increase Credit Scores FAST When applying for debt, a lot of weight is put on credit scoring. The difference between ultra competitive rates, terms, and lenders practically begging for your business and seeing terms that come with astronomical rates and costs can sometimes be just a few points in credit scoring.…
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 MoreRichmond Virginia Mortgage Client Appreciation Party
On Wednesday, November 6, 2019, Mason-McDuffie’s Richmond Virginia branch held a client appreciation party to gather with and thank their clientele. The event was held at Richmond’s River City Roll (rivercityroll.com) venue and offered a ton of fun for clients and their families. The patio was packed with clients and their families along with MasonMac team…
Read MoreWhat the Fed Rate Cut Means to You
The Fed has once again cut rates, this time by .25% – so what does this mean for you? Well, the Fed funds rate is the rate banks borrow from each other. When the rate is cut, it is done to help stimulate the economy and increase inflation. The Fed funds rate is…
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