Mortgage Basics & Information

Seller Concessions: Reducing Your Closing Costs

Posted in Mortgage Basics & InformationPosted by Maple Tree Funding

Couple calculating financial budget for home purchase

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…

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…

Understanding the Mortgage Prequalification Process

Posted in Mortgage Basics & InformationPosted by Maple Tree Funding

If you’re looking to purchase a new home, one of the very first steps you should take is to get prequalified for a home mortgage. Here, we’ll delve into the details of what you need to know about mortgage prequalification, including what’s involved in the prequalification process, the benefits of being prequalified for a mortgage, and what you need to get the prequalification process started today! What is Mortgage Prequalification? Mortgage prequalification is essentially the…

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

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

image 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…

Is New York Home Ownership Right For You?

Posted in First Time Homebuyers, Mortgage Basics & InformationPosted by Maple Tree Funding

If you are currently renting but you’re beginning to consider home ownership as an option, there are many things to consider. From finances and mortgage options to the pros and cons of home ownership, this post is a helpful resource that will assist you in deciding whether or not buying a home in New York is the right choice for you! First Things First – What is a Mortgage? The very first thing you’ll want…