Simple Appraisal Alternatives During COVID-19

Simple Appraisal Alternatives During COVID-19. 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 … Read more

4 Things to Know About Closing Costs

4 Things to Know About Closing Costs, whether you’re purchasing or refinancing a home,  there is something called “closing cost.”  Since closing costs differ based on location, property, and loan type, the borrower must receive an estimated amount they’ll be paying to determine what they can afford.  Good News! Here at New Dwelling Mortgage, we don’t charge … Read more

Is a Mortgage Broker Right For You?

Is a Mortgage Broker Right For You? Are you having trouble deciding whether or not a mortgage broker is right for you?  Here’s some useful information to help you make a decision!  Mortgage brokers may provide more affordable costs compared to banks and mortgage banks. A mortgage brokerage firm is a licensed and regulated entity that brings borrowers and lenders … Read more