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... Continue Reading →
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... Continue Reading →
Though the media and both political parties would like you to believe that there will be no immediate impact on American businesses, that isn’t exactly true for the Mortgage industry. Here at Mason-McDuffie Mortgage we want to make sure that everyone understand exactly what the impact will be if you are currently in process for... Continue Reading →
NPR: Chris Arnold - FULL ARTICLE In his jobs speech last week, President Obama also took time to say he wants to help more Americans save money on their mortgages.