Blog

Quick and easy reference articles to help answer any questions you may have.

FHFA Announces Refinance and Home Purchase Eligibility for Borrowers in Forbearance

By Frank Collo | May 23, 2020
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Attention Homeowners FHFA Announces Refinance and Home Purchase Eligibility for Borrowers in Forbearance – certain single-family mortgages in forbearance that meet specific eligibility criteria by Fannie Mae and Freddie Mac (the Enterprises). Read More

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Cash Out On Refinance

By Frank Collo | Apr 29, 2020
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With Conventional Cash-Out Refinance up to 80% LTV, You can get a lot out of your house. Like that dream vacation. Pay off debt. Create a college fund. Or that home renovation you’ve been putting off. What are you waiting for? The time to refinance is now. Conventional Cash-Out Refinance – Our expanded refi options … Read more

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Gift Funds

By Frank Collo | Apr 24, 2020
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100% Gift Options Available. Save Your Cash. Available on Conventional, FHA and VA Loans.

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Appraisal Alternatives During COVID-19

By Frank Collo | Apr 4, 2020
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Fannie Mae and Freddie Mac (Conventional loans) and HUD (FHA loans) will allow Exterior Drive-By Appraisals and Desktop Appraisals.  During this COVID-19 national emergency, in many cases, lenders are unable to obtain an appraisal based on a full interior and exterior inspection of the subject property. In response, they are allowing temporary flexibilities to the … Read more

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COVID-19 UPDATE

By Frank Collo | Apr 2, 2020
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As the government responds to the COVID-19 pandemic, New Dwelling Mortgage is here to help you understand what legislation is passed or is currently in progress and how it impacts the mortgage industry. This page will continue to be updated with information as it becomes available. AIME has put together a CARES Act guide that breaks down … Read more

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Forbearance Misunderstood?

By Frank Collo | Apr 1, 2020
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In these unprecedented times, some families have been directly affected by COVID-19. But, do all qualify? Not all will be approved.  First, let’s explain further:  – A Forbearance is NOT forgiveness of debt. You still owe the money. The payments are delayed for 3 months and then added to the 4th-month payment which must be … Read more

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3 Reasons Why Mortgage Brokers Are Better (Video)

By Frank Collo | Sep 10, 2019
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3 Reasons Why Mortgage Brokers Are Better Access to wholesale interest rates Shop around to find the right mortgage for you Free Pre-qualification Most importantly, Mortgage brokers can save you time and money. ✨All the magic happens at your local independent mortgage broker, New Dwelling Mortgage. ☎️Give us a call today 1-844-317-3050.

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First Time Home Buyers – Video

By Frank Collo | Aug 3, 2019
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Transcription: “Hey Everyone. So the reason why I decided to do this video is to help first time home buyers understand the process on how to get pre-qualified for a mortgage. Now its super exciting going out with your Realtor and looking at houses but its also overwhelming when you don’t know what the next … Read more

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Keeping It Real: Working With A Real Estate Agent

By Frank Collo | Jul 31, 2019
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Keeping It Real:  Why everyone should work with a real estate agent. Mortgage Brokers and Real Estate agents work hand-in-hand, committed to providing you the best home-shopping experience possible. When we partner together, we’re your best advocate. We’re experienced. We know the ins and outs of the industry, and we always have your interests in … Read more

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