Home Builder Confidence Rises in April

The National Association of Home Builders (NAHB) reported that April’s Housing Market Index rose from a reading of 52 in March to 56 for April. This is in line with warmer weather and the peak home buying season in spring and summer. Readings over 50 indicate that more builders view market conditions as positive as those who do not. NAHB members cited lower mortgage rates and better labor market conditions as reasons they expect more home buyers to enter the market.

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Suffering from Credit Problems? Understanding Mortgage Lenders and How They Assess Your Credit

One of the most significant factors a mortgage lender will review when you apply for a new mortgage loan is your credit history and rating. While some people have stellar credit, others have a troubled credit history with lower scores. If you fall into the latter scenario, you may be wondering how lenders will assess your credit situation when you apply for a mortgage in the near future.

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Mason-McDuffie Mortgage Named as One of the Top 100 Mortgage Companies in America

Mortgage Executive Magazine has once again ranked Mason-McDuffie as one of the Top 100 Mortgage Companies in America! Mason-McDuffie is proud to be recognized for this prestigious award. MMCD was also voted among the top 100 Mortgage Companies in 2013 and 2014. “The ranking is a powerful statement about the caliber of the Mason-McDuffie team […]

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How Does Making Lump Sum Payments Affect Your Mortgage? Let’s Take a Look

Periodically, many homeowners will receive a rather sizable amount of extra cash. This may be from a bonus from your employer, a refund on your tax return, a financial gift from a relative or something else altogether. Before you make your decision about how to spend your money, consider what impact your lump sum payment will have on your mortgage.

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Benefits of a Homestyle Renovation Loan

According to Fannie Mae, the “HomeStyle Renovation mortgage permits borrowers to include financing for home improvements in a purchase or re-finance transaction of an existing home”. The HomeStyle Renovation Loan gives borrowers a convenient option to pay for renovations. Additionally, this loan provides an alternative to a second mortgage, home equity line of credit or other type […]

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