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Spotlight on Clifton Park

Posted in Upstate Neighborhoods

Clifton Park is a popular Capital District town located south of Saratoga Springs and north of Albany. Its southernmost location in Saratoga County provides commuters with easy access to nearby employment opportunities, both in the County as well as in the Albany/Schenectady/Troy area, yet residents enjoy an environment that reflects the suburban appeal of the town’s many neighborhoods and hamlets. Capital District residents often think of Clifton Park a popular place to shop and dine,…

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The What, Why & How of Mortgage Escrow Accounts

Posted in FAQs, Mortgage Basics

Many homeowners who plan for a mortgage payment within their budget are unpleasantly surprised to discover their lender requires an additional amount, paid monthly, called ‘Escrow’. What is it? Escrow is basically an account that is separate from your ‘mortgage payment’ where funds are deposited to specifically pay for items that relate to home ownership, such as property taxes and insurance. It is typically an amount over and above the principal and interest portion of…

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[Video] Learn More About Maple Tree Funding

Posted in FAQs

Watch this interview with Martin Pfeiffenberger, President of Maple Tree Funding to learn more about how Maple Tree distinguishes itself in the banking industry as mortgage brokers who provide excellent customer service and a willingness to work with potential homeowners to help them realize their dream of home ownership, even if they have been turned down for a mortgage elsewhere. Maple Tree Funding

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USDA Expanded Eligible Lending Areas

Posted in Miscellaneous

As of May 6th, 2014, the United States Department of Agriculture (USDA) has expanded some of the lending areas for their 100% financing USDA Rural Development Program. The counties listed below have been re-mapped to include areas that were previously ineligible. Albany Broome Chautauqua Chemung Cortland Dutchess Madison Monroe Niagara Oneida Rensselaer Schenectady Ulster Warren In addition to these changes, one of the biggest counties that have been impacted with recent expanded areas is Amsterdam,…

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What are Closing Costs? Is There a Way to Estimate Them?

Posted in FAQs

Closing costs are various fees that are paid at the closing of your mortgage. Depending on the state you live in, this is where you’ll sit down with the seller and those involved in the transaction, such as real estate brokers and lawyers, and you will sign all the paperwork and remit payments that officially transfer home ownership to you. You’ll walk out with the keys… and a bit less money in your bank account….

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