Frequently Asked Questions

You have reached our Frequently Asked Questions page. This section will find quick and easy reference articles and videos to help answer any questions you may have about the mortgage process and working with a mortgage company. The categories are sorted to make it easier to find what you are looking for. If you still have more questions or weren't able to find the answer, send us an email at start@newdwellingmortgage.com.

Cash Out On Refinance On Your Home

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. The time to refinance is now. Conventional Cash-Out Refinance – Our expanded refi options can help maximize your equity.

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Simple Gift Funds Can Help Your Real Estate Home Purchase

By Frank Collo | Apr 24, 2020
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Simple Translation on Gift Funds For Real Estate Home Purchase Gift Funds are an option to be used for Real Estate Transactions. It can be helpful when making a Home Purchase. Here are some simple nbenefits of using Gift Funds. 100% Gift Options Available. A family member can gift 100% of your down payment or … Read more

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Simple Appraisal Alternatives During COVID-19

By Frank Collo | Apr 4, 2020
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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

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3 Reasons Why Mortgage Brokers Are Better

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 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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Simple First Time Home Buyers

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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Why Working With A Real Estate Agent Is Important

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 know the ins and outs of the industry, and we always have your interests in mind. But that’s … Read more

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Simple Way of Understanding Your Credit Score

By Frank Collo | Jul 18, 2019
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Want to Refinance? It’s Easy.

By Frank Collo | May 6, 2019
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Want to lower your mortgage payment? 🤔… It’s easier than you think! Here are some of the benefits to Refinancing: ✅ Payoff credit card debt✅ Payoff a Home Equity line of credit ✅ Remove PMI (Private Mortgage Ins) ✅ Home Improvements ✅ Lower term and interest rate See how much you can save today! Click on the link below 👇 to begin the Home Refinance Analysis!

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4 Things to Know About Closing Costs

By Frank Collo | Apr 4, 2019
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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

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