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

Industry Insights, Trends & Mortgage News

What Mortgage Program Should I Apply For?

Posted in First Time HomebuyersPosted by Shane Latza

There are many mortgage programs available to homebuyers and trying to find the best match on your own can be difficult to do. So with all of the various programs and lenders that are willing to offer you credit, how do you decide which program works best for you? That’s where a Mortgage Broker comes in! Working With A Mortgage Broker to Choose A Mortgage Mortgage brokers have access to dozens of lenders, each having their…

Continue Reading »

How Much Do I Need for a Down Payment on a House in New York State?

Posted in First Time HomebuyersPosted by Maple Tree Funding

One of the most common questions we receive from potential homebuyers is “How much do I need for a down payment on a home?” For first time homebuyers and experienced homebuyers alike, this question is an important one. The answer will influence how much they are able to spend on a house and, in some cases, whether or not they can purchase a home at all. Do I Need to Put 20% Down To Purchase…

Continue Reading »

How Do Mortgage Lenders Determine Your Qualifying Credit Score?

Posted in FAQs, First Time HomebuyersPosted by Shane Latza

In a typical mortgage application scenario, a home buyer will have 3 credit scores: one from TransUnion, one from Equifax, and one from Experian. If you’re applying for a mortgage, it’s important to understand your credit score and know which of the 3 credit scores provided will be used to determine your mortgage eligibility, as the numbers can vary significantly. Keep in mind that lenders will typically choose the middle credit score to use when determining your…

Continue Reading »

What Should I Do With My Tax Refund?

Posted in Home Buying Tips & InfoPosted by Shane Latza

Tax season is an exciting time, especially for those individuals who are expecting a tax refund! Having some extra money on hand is a refreshing change of pace for many. With tax refunds comes opportunity. When it comes to making the most of your tax refund, you have many options to choose from. Expecting a tax refund this year, but you are not quite sure what to do with it? Consider these options for how to…

Continue Reading »

Update: New FHA Mortgage Insurance Rates in 2017 Suspended Indefinitely

Posted in Government MortgagesPosted by Shane Latza

UPDATE: As of January 20, 2017, the Department of Housing and Urban Development has announced that the reduction of the FHA Mortgage premium slated to take effect on January 27, 2017 has been suspended indefinitely.  Here, you can get the details on the FHA Mortgage Insurance Rate changes initially proposed in early January 2017. Please note that as of January 20, 2017, these changes have been placed on hold and the lowered annual MIP premiums for…

Continue Reading »