Industry Insights, Trends & Mortgage News
Maple Tree Funding: A Locally-Owned Mortgage Company in Glens Falls NY
Posted in About UsPosted by Maple Tree Funding
Maple Tree Funding is a locally owned and operated mortgage company with a conveniently located Glens Falls office in Queensbury, NY. We have been serving customers in the Glens Falls region and beyond for nearly 2 decades. An A+ accredited Better Business Bureau member, Maple Tree Funding believes in using the strengths of your individual financial profile to get you the lowest interest rates and closing costs available to you when securing a mortgage. A…
Continue Reading »Spotlight on Clifton Park
Posted in Upstate New York NeighborhoodsPosted by Maple Tree Funding
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. Perks of Living in Clifton Park, NY Local Attractions & Conveniences Capital District residents often…
Continue Reading »How the New York STAR Program Helps Lower Your School Taxes
Posted in Home Buying Tips & InfoPosted by Maple Tree Funding
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 »Seller Concessions: Reducing Your Closing Costs
Posted in Mortgage Basics & InformationPosted by Maple Tree Funding
What Are Seller Concessions? Seller concessions are a dollar amount or a percentage of the purchase price that a seller agrees to contribute to the buyer in order to help cover the buyer’s closing costs. This is helpful for home buyers who may not have the funds to cover closing costs, or who may want to avoid having extra money tied up in a mortgage. How Seller Concessions Work An example may better clarify the…
Continue Reading »USDA Loan Fees for the 2021 Fiscal Year
Posted in Guide to USDA Home LoansPosted by Shane Latza
The USDA Loan fees for FY 2021 are: an upfront guarantee fee of 1.0% of the loan amount, and an annual fee of 0.35% of the loan amount. These fees apply to both home purchases and refinance transactions during the 2021 fiscal year, which runs October 1, 2020 through September 30, 2021. Back on October 1st, 2016 the USDA implemented the changes to the loan fees, reducing the guarantee fee from 2.75% to 1.0% of…
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