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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

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!