Home Mortgage & Refinancing Serving Locations Throughout New York State
Call us Today: 518-782-1202

Industry Insights, Trends & Mortgage News

How the New York STAR Program Helps Lower Your School Taxes

Posted in Home Buying Tips & InfoPosted by Meghan Flewwelling

A lot of items will make the list of “must-haves” when you begin searching for your new home.  Two items that commonly rank high on this list are: a good school district and low taxes. Unfortunately, those two items don’t always go hand in hand, but New York’s STAR program can help with this. What is the New York STAR Program? The NY STAR Program is the School Tax Assessment Relief program, and is a tax…

Continue Reading »

How To Find A USDA Eligible Property

Posted in Mortgage & Refinance ProgramsPosted by Maple Tree Funding

In order to qualify for a New York USDA loan, you must meet certain criteria based on your personal finances. Some of these requirements include: Meeting an established debt-to-income ratio Providing a satisfactory work history Satisfying income limitations Meeting credit score minimums But in addition to meeting these personal finance requirements, the property you are interested in buying must meet specific requirements as well. So how do you find a USDA eligible property? Which areas in New…

Continue Reading »

Do I Qualify For a USDA Loan?

Posted in Mortgage & Refinance ProgramsPosted by Maple Tree Funding

If you’re interested in buying a home in a rural area of New York state, a New York USDA loan may be a good mortgage option for you to consider. USDA mortgages are designed to help people purchase homes in designated rural areas. Offered by the United States Department of Agriculture, these loan programs allow for 100% financing and offer a number of additional benefits to homebuyers, including: Competitive interest rates No cap on seller’s concession (based…

Continue Reading »

The Benefits of Rounding Up Your Mortgage Payments

Posted in Mortgage BasicsPosted by Shane Latza

If you own a home, you likely make it a point to save each month in order to make sure that you can make your monthly mortgage payment and you are never late. Though you save and save each month, it may feel like you’re never going to reach the day when your mortgage is paid off. Reducing your mortgage term may seem appealing, but it also may seem impossible. If you are looking to reduce…

Continue Reading »

2015 HUD Appraisal Requirement Changes

Posted in Home Buying Tips & InfoPosted by Shane Latza

Effective September 14, 2015, HUD Handbook 4000.1 (“HUD 4000.1”) contains numerous updates for appraisers to note on appraisals. There are hundreds of changes, and Maple Tree Funding has put together some of these changes to help our clients and realtor colleagues be ready for them. This blog post is just a summary, and is in no way inclusive of all of the changes. This post includes changes to the 4000.1 which will have the greatest impact on the…

Continue Reading »