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Industry Insights, Trends & Mortgage News

Maple Tree Funding: A Locally-Owned Mortgage Company in Glens Falls NY

Posted in About UsPosted by Maple Tree FundingMaple Tree Funding logo

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…

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Spotlight on Clifton Park

Posted in Upstate New York NeighborhoodsPosted by Maple Tree FundingVischer Ferry in the Clifton Park NY region

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…

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How the New York STAR Program Helps Lower Your School Taxes

Posted in Home Buying Tips & InfoPosted by Maple Tree FundingNew York State STAR Program Logo

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…

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Seller Concessions: Reducing Your Closing Costs

Posted in Mortgage Basics & InformationPosted by Maple Tree FundingCouple 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…

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USDA Loan Fees for the 2021 Fiscal Year

Posted in Guide to USDA Home LoansPosted by Shane LatzaHomeowner calculating changes in mortgage payments based on 2016 changes in USDA loan fees

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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