Delaware Budgeting: Your Home is Our Piggybank

Prior to this past Sunday, Delaware was the state that charged the highest property transfer tax in the country.  Customarily 3%, split between buyer and seller, with half the money going to the state and half to the local county in which a property was sold.  After Sunday, Delaware is the state with the highest […]

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5 Ways Your Lender Can Help You Get the House

In today’s competitive housing market where many areas nationwide are seeing a far-leaning seller’s market with limited inventory, it’s important for buyers to put their very best foot forward and have all their t’s crossed and i’s dotted before they find “the one”. Most buyers don’t consider just how much their mortgage lender can help them land […]

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Mason McDuffie Supports OCAR

Mason Mac is a company known primarily for providing great mortgage loans to our clients and ensuring that anyone who wants to achieve the American dream of home ownership can do so with proper education, planning, and the right financing.  While that’s what keeps the doors open and the lights on, another passion we have […]

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5 Reasons Mason Mac Should Be Your Lender

Size Matters Work with a tiny broker?  You may have to wait for the broker to get loan info from their wholesale account executive…who has to wait to get info from their underwriter (who is located somewhere in the country…we think?)…who has to get info from their underwriting manager…who has to….OK, you get the point.  Small […]

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How Does the Fed Rate Affect Mortgage Rates?

Yesterday the Fed increased the target funds rate .25%.  This was the 4th time the Fed has raised rates since December 2015 when it was decided the economy was stable enough to begin increasing rates after a period of recession and a long-running Fed funds rate of .25 (effectively 0% as this is the lowest rate […]

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Student Loan Mortgage Rules Loosen Up

Fannie Mae lightens up on Student Loan Mortgage Rules   This Spring, Fannie Mae released big changes to the way they’ll allow mortgage companies to underwrite loan files involving student loans.  The student loan mortgage rules will now be more borrower-friendly, and will allow lenders to implement some common sense into underwriting loans for borrowers with […]

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Buying a Home? Make Sure Your Finances Are in Order First

Below is a guest blog post by Janet Elliot of RE/MAX Purchasing a new home is part of the American Dream, just as much as graduating high school and college, getting married, and having children. It’s also the hardest part of the dream to achieve; you need patience, resilience, thick skin, and great financial planning. The latter is the […]

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HOLY TRID! New Regulations for the Mortgage Industry Start Today!

Today marks the 1st day of new federally mandated regulations known as “TRID” (TILA-RESPA Integrated Disclosures). The Consumer Financial Protection Bureau (CFPB) has introduced these new regulations as part of their “Know Before You Owe” initiative. New forms are part of TRID whose purpose is to help make it easier for borrowers to understand complex […]

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