First Time Home Buyers - New Dwelling Mortgage

What Documents Do You Need For Pre-qualification?

What Documents Do You Need For Pre-qualification?

W2’s
Paystubs
Bank Statements / Retirement
Confirm Identity / ID
Credit Report

Primary and Secondary Income

Home Mortgage Explained – Primary and Secondary Income

Self Employment Income Update

Self Employment Income Update If you are a business owner looking to get a mortgage, things just got easier for you!

Home Mortgage Explained: Underwriting

Home Mortgage Explained: Underwriting Once you have reached underwriting, get excited because you are nearing the end of the home loan process.

Private Mortgage Insurance

Home Mortgage Explained: Private Mortgage Insurance (PMI) When your down payment is less than 20% of the home purchase price, Private Mortgage Insurance is required on a home loan.

Your Mortgage: What to Expect – Initial Document Review

Home Mortgage Explained: Initial Document Review What you should expect when starting the process of a home mortgage. Initial Document Review – Credit, Debt, Income, and assets are reviewed, if everything looks good, a loan product is chosen based on your eligibility and terms.

What to Do Once You’re Pre-Qualified

Wondering what to do once you’re pre-qualified? If so, you’re not alone! This can be a fascinating time, but some pitfalls can get in the way of your goals if you don’t plan properly. That’s why we’ve put together this guide to help you avoid any mishaps and prepare for your first home purchase. Know … Read more

How to Prepare Your Finances for Your First Home

Are you thinking about buying your first home? Congratulations! It’s no secret that buying your first home is one of the most exciting and life-changing experiences you can have as an adult. But before you make an offer on your dream home, it’s essential to prepare your finances to ensure that you don’t end up … Read more

Monthly Expenses

This is how much you spend every month. It can include but is not limited to, recurring obligations like rent or mortgage payment, utilities, car payments, child support payments, and insurance payments, as well as essentials like food. Most of these obligations will have a fixed due date. “Mortgage Key Terms.” Consumer Financial Protection Bureau, https://www.consumerfinance.gov/consumer-tools/mortgages/answers/key-terms/. Accessed … Read more

Loan-to-Value Ratio

The loan-to-value (LTV) ratio is a measure comparing the amount of your mortgage with the appraised value of the property. The higher your down payment, the lower your LTV ratio. Mortgage lenders may use the LTV in deciding whether to lend to you and to determine if they will require private mortgage insurance. “Mortgage Key … Read more

Caesar Krit

02:36 04 Oct 24

My wife and I cannot say enough about the expertise and true professionalism that New Dwelling provided for our first home. Gaby and Frank were extremely thorough and worked under short notice to meet deadlines. Would highly recommend to anyone else.

Jose Guzman

21:56 29 Jul 24

We used New Dwelling Mortgage for our Mortgage on our home and I must say do not second guess their services !! Steve & Gaby were great throughout the entire process; constant communication; weekly status updates. They make videos which help you visualize and understand important documents. Steve is there for all your needs and the best part was how quick we were clear to close!!! Thank you to everyone at New Dwelling.

Blue River

05:45 25 Jul 24

New Dwelling Mortgage specifically Stephen Simone created a wonderful experience for me as a client. He was knowledgeable, present, and in my estimation, the most ethical consultative service person I have ever worked with in my life. Ray every turn he promised and OVER delivered. He was able to get a mortgage done in two weeks for my family.I consider Stephen Simone not only a fantastic mortgage broker, but a friend for life after this experience.Thank you, Stephen Simone! And New dwelling Mortgage.

Justin Conigliaro

23:31 11 Jul 24

My wife and I cannot say enough about the expertise and true professionalism that New Dwelling provided us throughout the process of purchasing our first home. Amanda, Gaby and Frank were extremely thorough, warm and patient. They provided us with extremely helpful videos every step of the way, they made time to answer all of our many questions and made us feel extremely comfortable and confident as we embarked on a journey that we truly knew nothing about. Thank you so much for everything that you’ve done for us. We will ALWAYS work with New Dwelling moving forward and would highly recommend anyone else to do the same.

Ruth Boda

00:55 25 Jun 24

I have been working with Frank and New Dwellings on both refinance and purchase transactions. Their number 1 focus is taking care of their clients. I can 100% state from personal experience, that Frank and his team are one of the most professional, responsive and helpful mortgage professionals I have ever worked with. I highly recommend Frank and New Dwelling Mortgage!Got a loan started and closed in just 15 days! AMAZING!