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

What Is An Appraisal?

Appraisals give you useful information about the property and its worth. You’re entitled to know the value of your home.  Whether you’re buying a home using a mortgage, refinancing your existing mortgage, or selling your home to anyone other than an all-cash buyer, a home appraisal is a key component of the transaction. Whether you’re a … Read more

Simple Basics to Buying a Home

Simple Basics to Buying a Home. Purchasing a home is exciting, but it can be overwhelming for a first time home buyer. It’s the largest purchase most people make in their lifetime. The good news is, you are not alone; it’s normal to feel this way.  Understanding the process and knowing what to expect is vital!  … Read more