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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].

9 Simple Steps to Buying A Home

By Frank Collo | Apr 1, 2021

2021 Guide Purchasing a new home is exciting. However, buying a house requires a lot of time and effort. It can be stressful and overwhelming for a first-time homebuyer. And understandably so, 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 … Read more

How to Get Pre-qualified for a Mortgage

By Frank Collo | Mar 9, 2021

What is Pre-qualification? Although often used interchangeably, pre-qualification and pre-approval are different terms in the home loan application process. Homebuyers must know what each of these terms means. Here at New Dwelling Mortgage, a Pre-Qualification is a complete analysis of your supporting documentation. Sellers and Real Estate Agents understand the value of a Pre-qualification from a … Read more

Benefits Of Helping Your Child Buy A Home

By Frank Collo | Feb 24, 2021

Building Equity & Long Term Investment Helping with mortgage payments may make more sense than providing a monthly allowance. Paying off a mortgage builds equity in the home that eventually turns into assets — usually appreciating assets. Gifting the Down Payment For tax purposes, parents often opt to gift their children’s money rather than paying … Read more

Cash Out On Refinance On Your Home

By Frank Collo | Apr 29, 2020

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.

Simple Gift Funds Can Help Your Real Estate Home Purchase

By Frank Collo | Apr 24, 2020

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

Simple Appraisal Alternatives During COVID-19

By Frank Collo | Apr 4, 2020

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

3 Reasons Why Mortgage Brokers Are Better

By Frank Collo | Sep 10, 2019

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.

Simple First Time Home Buyers

By Frank Collo | Aug 3, 2019

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

Why Working With A Real Estate Agent Is Important

By Frank Collo | Jul 31, 2019

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

Christopher Cardinali

21:38 09 Dec 24

My wife and I worked with Stephen to secure a mortgage for our first house. Stephen did an incredible job walking through every step of the journey and made us feel comfortable throughout the entire process. As first time homeowners, he was thorough, patient, and went above and beyond every step of the way. He was able to alleviate all our concerns and over simplified what could have been a very stressful process, taking time to explain every stage of the process. Gaby was also incredibly attentive and always checked in with us and made sure we were always progressing in accordance with the timeline we had for closing. It was an amazing experience working with them both and we would recommend them to anyone in need!

Michael Stumpf

17:31 08 Dec 24

We had a difficult case, buying a house from the estate of a family member. Steve Simone was just great! It took us more than a year but Steve was there for us through every twist and turn. His experience was invaluable and his responses were always quick and on point. And in the lead up to the closing, Gabi and the back office staff were just as great. Thank you all so much and Five Stars! Highly Recommended!!!

T F

04:27 07 Dec 24

Absolutely amazing team! We worked with Steve and Gaby. Both were extremely attentive, patient and knowledgeable! They walked us through the mortgage loan process step by step. They made the entire process so simple and straightforward. I would highly recommend this business and the team to anyone! You won’t be disappointed!

Ari K

15:11 02 Dec 24

My wife and I are blessed to have met Frank at New Dwelling Mortgage!!! Genuinely an absolute pleasure to work with from start to finish. Can't say enough about him and his company process. We would recommend anyone in the market to give New Dwelling a call first.

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.