FAQs

Get a RATE QUOTE!

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 [email protected].

Difference Between Conventional and FHA Mortgages

By Frank Collo | Aug 27, 2021

Conventional mortgages have always been the most popular form of a home loan, as they typically come with the lowest interest rates and the least stringent underwriting requirements. However, since the start of the recession in 2008, FHA loans have grown in popularity due to their low down payments and flexible lending standards. So what … Read more

Should you buy a second home or an investment property?

By Frank Collo | Aug 26, 2021

Should you buy a second home or an investment property? Most people will say that the answer is either one of these two options, but it’s really not. The idea of buying a second home is not the same as investing in an investment property, and it’s worth exploring the differences to see which would … Read more

What Is An FHA Mortgage?

By Frank Collo | Aug 26, 2021

If you’re looking to buy a home in the near future, chances are you’ve heard the term FHA mortgage floating around. But what exactly does it mean? FHA loans are mortgages provided by lenders, but that is backed by the Federal Housing Administration and insured by the U.S. government. This means that even if you … Read more

How Do VA Mortgages Work?

By Frank Collo | Aug 26, 2021

There are many misconceptions about what exactly VA mortgages are and how they differ from conventional loans. You may be one of the many people who think that you can’t get a mortgage with VA or FHA loans because you own your home already, but that couldn’t be further from the truth! What exactly are … Read more

The Top 3 Gardens to Visit in Staten Island

By Frank Collo | Jul 21, 2021

Let’s talk about the art at Snug Harbor! Snug Harbor Cultural Center and Botanical Garden serve the Staten Island community as a multi-dimensional space, providing open grounds, rental space for events, culture, and most importantly, art. Art surrounds the 83 acres of land located on the North Shore of Staten Island. Besides the exhibits, the … Read more

Best Kid-Friendly Things To Do In Staten Island – Part 2

By Frank Collo | Jul 9, 2021

Summertime is upon us and keeping the little ones busy can often be a challenge. The borough of Staten Island offers a multitude of different activities to keep the little ones active all summer long. Between the Snug Harbor Cultural Center along with the Staten Island Greenbelt Nature Center, the Carousel for all children, Staten … Read more

What Is A VA Home Loan?

By Frank Collo | May 27, 2021

The VA home loan aims to support the US government’s retiring and active service members to buy homes without paying a down payment or other mortgage-associated costs. The VA loans are rated as loans with the lowest fixed interest rates in the market for the last five years. Qualifying for a VA loan requires you … Read more

Things To Do With Kids

By Frank Collo | May 13, 2021

Staten Island, which is secluded from New York City, has many attractions and numerous kid-friendly activities. Some of the things to do with kids explore the gardens, museums, restaurants, harbors, and other places to visit on the Island. Here are some of the things to do in Staten Island with the company of your kids. … Read more

Things To Do In New Jersey

By Frank Collo | Apr 22, 2021

The Matawan area in New Jersey has under 10,000 people residing, according to the 2019 US census. Still, sandy beaches, water activities, and lots of amusement parks are easily accessible. There are so many fun things to do in Matawan, New Jersey. Visit The Beaches There are various beaches in the area within proximity, like … 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!