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

Posted in FAQs, First Time HomebuyersPosted by Maple Tree FundingSmall house with sold label

Closing costs are various fees that are paid at the closing of your mortgage. Depending on the state you live in, the closing is where you’ll sit down with the seller and those involved in the home buying 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…

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What is a Mortgage Broker & How Does it Differ from a Bank? [VIDEO]

Posted in FAQs, First Time HomebuyersPosted by Maple Tree Fundingbroker vs. bank written on whiteboard in black marker

A home will likely be the largest purchase you make in your life. When it comes to financing that purchase, you have lots of options to consider. Government loans, conventional loans, fixed rate loans, adjustable rate loans and more – there are so many mortgage options to choose from. But while you’re considering your options in terms of home loans, you may also want to carefully consider the source of that loan. If you are a…

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Local Mortgage Brokers vs. National Lenders

Posted in Home Buying Tips & InfoPosted by Maple Tree Fundinglocal mortgage broker meeting with client

When it comes to financing your home purchase, there are many options out there to explore and consider. As soon as you start the mortgage process, you’ll likely realize there are various avenues to choose from when it comes to obtaining a mortgage that works for you. You’ll come across large-scale commercial lenders, banks, and local mortgage lenders, just to name a few. We’ve already delved into the comparison between brokers and banks (you can…

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3 Key Advantages of Working with a Local, Independent Mortgage Broker

Posted in Home Buying Tips & InfoPosted by Maple Tree Fundinggraphic of an airport terminal with benefits of working with mortgage brokers listed on the arrival and departure screens

Many mortgage lenders and banks showcase their low prices and advertise low rates to attract customers. While this is not especially surprising, what IS often surprising to home buyers are the added fees, delays, and other complications of working with a big bank or nationwide lender.  These additional expenses and other problems often end up costing home buyers MORE than they had expected.  So while big banks and lenders may claim that they are the…

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Understanding the USDA Home Loan Process

Posted in Guide to USDA Home LoansPosted by Maple Tree Fundingclose up of hands holding living house model over American flag

USDA home loans offer a number of benefits, which make them a popular option among many of the home buyers we work with. They provide the option for 100% financing, flexible qualification standards, and competitive interest rates, among other advantages. As a result, they are a financing option that gives some who might not meet the qualification standards for other mortgage types the opportunity to purchase a home. Curious about the USDA home loan process?…

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