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

FAQs

Mortgage Interest Rates: What You Need to Know When Buying a Home

Posted in FAQs, Mortgage Basics & InformationPosted by Maple Tree Funding

Mortgage interest rates are one of those things that people care a lot about when they are shopping for a home, but often misunderstand. At Maple Tree Funding, we’re in the business of helping people finance their homes, and we are passionate about all things mortgage. We work hard to ensure that our clients and customers understand the mortgage process and all the components that impact what they will pay for their home. Here, we’ll…

Continue Reading »

Home Mortgage Loans & Your Credit Score: What You Need to Know

Posted in FAQs, Mortgage Basics & InformationPosted by Maple Tree Fundingimage of a gauge pointing to a good credit score

Despite their importance and influence when it comes to obtaining a mortgage and financing a home purchase, most home buyers have a limited understanding of what credit scores are and what they mean. Here, our mortgage experts will tell you everything you need to know about credit scores in relation to home mortgages so you’ll be well prepared as you start the mortgage process and work towards purchasing your next home! What is a Credit…

Continue Reading »

When Can I Stop Paying Mortgage Insurance (PMI)?

Posted in FAQsPosted by Maple Tree Funding

For many home buyers, private mortgage insurance is one of the expenses involved with purchasing a home. Most home buyers believe that Private Mortgage Insurance (PMI) automatically drops off once 80% Loan-To-Value (LTV) is confirmed by a new appraisal report – but this is not necessarily true!  Fannie Mae has specific guidelines on when PMI will terminate. It’s important to be familiar with these guidelines so you can understand when you can stop paying PMI…

Continue Reading »

How Do I Apply for a Mortgage?

Posted in FAQsPosted by Maple Tree Funding

Whether you are a first time home buyer, looking to refinance, or you haven’t owned a home in quite a long time, you may not know exactly how to go about applying for a home loan. Tackling the mortgage process may seem like a daunting task, but we promise – it’s completely doable! How to Apply for a Mortgage When Buying a New Home If you’re planning to purchase a new home, we always suggest…

Continue Reading »

Should You Lock In a Mortgage Interest Rate or Let it Float?

Posted in FAQsPosted by Maple Tree Funding

When you first start looking into obtaining a home mortgage, you will likely be quoted a simple mortgage interest rate that is generally available at the moment. It is important to realize that this does not guarantee that your mortgage will be at that rate. Until you have progressed further in the loan process and have decided to ‘lock in’ that rate, things can still change. What is a Mortgage Interest Rate Lock? A mortgage interest…

Continue Reading »