Mace Mortgage

Mace Mortgage Mace Mortgage offers investment property lending solutions tailored to Builders, Flippers, Investors and Contractors.

We provide a personal touch throughout the process, including a simple, hassle-free pre-qualification.

09/18/2025

Refinance requests in my inbox this morning saved one client $360k and the other $210k.

If you are over 7%, you should not be 🙂.

**FED RATE CUT PSA**Mortgage interest rates are NOT dropping by 0.25%–0.5% overnight next Wednesday when the Fed cuts ra...
09/12/2025

**FED RATE CUT PSA**

Mortgage interest rates are NOT dropping by 0.25%–0.5% overnight next Wednesday when the Fed cuts rates as expected.

While these rate cuts can indirectly influence mortgage rates, they have been anticipated for weeks and are already reflected in current rates.

The market’s reaction to what Chair Powell says after the rate cut—such as hints about more cuts or signals to pause—will be the key factor determining the near-term direction of mortgage rates.

- If Powell indicates more rate cuts, mortgage rates may improve.

- If he suggests holding off for now, rates could rise.

- If he emphasizes waiting to see how market conditions evolve, rates are likely to remain relatively stable (barring other economic news).

If you want to lock in the lowest rates seen in over a year, it might be wise to do so before Wednesday.

If you're willing to take a risk and wait to see where the market goes, you can hold off.

Thinking about upgrading your home? Whether it’s a kitchen remodel, a new addition, or a full transformation, our Renova...
02/15/2025

Thinking about upgrading your home? Whether it’s a kitchen remodel, a new addition, or a full transformation, our Renovation HELOC can help—without touching your low-rate first mortgage!

With this innovative financing option, designed to provide a solution to an ever growing problem many homeowners are facing, you can borrow up to 95% of your home’s future value (ARV).

Why Choose a Renovation HELOC?

✅ Higher Loan Amounts – Based on your home’s future value
✅ Keep Your Low-Rate First Mortgage – No need to refinance!
✅ Flexible Access to Funds – Use what you need, when you need it
âś… Competitive Rates & Simple Qualification (640 min fico score)

If you locked in a great mortgage rate before recent increases, this program lets you access cash for renovations without sacrificing your low rate.

Now is the perfect time to invest in your home’s potential! Let’s discuss how this can work for you

07/18/2024

Congratulations to our members who have committed to giving and working together as a network for over five years now!!

It’s so rewarding watching our members businesses grow, change, and continuously develop along with the members themselves. If you’re looking to grow your business or start a new journey with a business, reach out. We love lifting others. It’s how we rise. 🙌

Fix and Flip loans - what are they? Fix and flip loans can be misconstrued by their name alone. They certainly can be ...
02/21/2024

Fix and Flip loans - what are they? Fix and flip loans can be misconstrued by their name alone. They certainly can be used to rehab and sell an investment property. Fix and flips loans can be used for anyone looking to retain a property as well. They are simply a short term loan to rehab or construct investment properties. Some highlights include:

- Up to 12 months financing plus extensions if need be
- No prepayment penalty
- Experienced investors can borrow up to 90% of the purchase price and 100% of rehab costs!
- Purchases or refinances allowed
- No income documentation required
- First time investors accepted
- 2-3 weeks turn times to close
- Rehab and ground up construction

Reach out to learn more!

02/02/2024

Wouldn't it be nice if you could get regular, real-time numbers on how much your home is worth? You can with this tool! https://homequityreport.com/ke

Wow, who would have figured consumer confidence would go down right as student loan payments came due again? Anyone pay...
09/02/2023

Wow, who would have figured consumer confidence would go down right as student loan payments came due again? Anyone paying attention should have! We could have avoided a good portion of rates hikes the last 12 months simply by not allowing people to default on their obligations without penalty. Inflation should come down fast now, let’s see how deep we dug ourselves. I have only been saying this for three years!

05/22/2023

Today I closed a loan that was denied by another reputable lender. The original LO is/was a “branch manager” with an office at the other end of the state. They told the client they could not qualify for conventional financing a couple days before their mortgage commitment date. Their reasoning was they could not get the file through the automated underwriting system and had to swap the file to FHA financing.
Running automated underwriting results is literally done day one with any mortgage approval, or at least that is what should be done. The automated results even told them exactly what they needed to do to get an approval! As it turns out they committed mortgage fraud a couple times as well :-0!
Seven days after getting the go ahead with the file, I had a clear to close using the other lenders appraisal without the original lender transferring it. They refused to transfer it!! That is beyond crappy!
99% of the time it’s not the company you work with, it’s the individual you work with. I know some good originators that work for this company. It was nice to give this couple piece of mind. There is nothing better than being thanked for allowing a client to “sleep better than they had in weeks”. They were so afraid of losing their home. Today was a good day, it is unfortunate so many lenders give our business such a bad reputation.

05/05/2023

Picked up a loan another ”reputable” lender denied 4-8 weeks after the Clint was approved and one day before their mortgage commitment date when they were set to lose their home. 7 business days later they are clear to close with me. The denial was from automated underwriting results. That’s is literally the first thing you do for a loan approval, mortgage 101
, day 1…. This was a “branch manager” at a CT branch, I can’t even make sense of it .…. she told me recently this was the first night she had a decent nights sleep In months.…..the state of our industry is twiceas bad as it was in 2007-2009. Please be careful!

03/17/2023

Client called me at 9am with a need for an equity line. They didn’t want to wait 3 weeks for an answer from a local bank knowing they would be denied. They had an approval by noon without needing to provide a single document. By 4pm they had scheduled the notary to come tomorrow and close the $100k line. All electronic, not one document provided.

They are not even Irish! If you need some quick equity cash or were denied for a line elsewhere give me a call!

Address

25 Pattagansett Drive
East Lyme, CT
06333

Telephone

+18604606499

Website

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