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FAQs

Should I Refinance My Home During the COVID-19 Pandemic?

Posted in FAQsPosted by Maple Tree FundingRefinance written on a memo stick and calculator

There is a lot of uncertainty going on right now due to the coronavirus pandemic that’s sweeping our country. Businesses and individuals are being powerfully impacted in ways you might expect – and in unexpected ways as well. The economy is shifting and fluctuating and the nationwide changes we are seeing are like nothing most of us have seen before in our lifetimes. For a number of reasons, with widespread economic uncertainty often comes a…

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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…

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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…

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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…

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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…

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