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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].

Simple Way of Understanding Your Credit Score

By Frank Collo | Jul 18, 2019

Want to Refinance? It’s Easy.

By Frank Collo | May 6, 2019

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!

4 Things to Know About Closing Costs

By Frank Collo | Apr 4, 2019

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?

By Frank Collo | Mar 21, 2019

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

Why Mortgage Brokers Are Better! – Video

By Frank Collo | Mar 14, 2019

Local independent mortgage brokers have access to wholesale interest rates, find the right mortgage for you, and can get you to the closing table in less than 20 days. Like a shipping tax, additional fees exist and could have you spending more money than you initially intended. Not to mention the delays. Mortgage brokers can … Read more

Mortgage Insurance, When do you need it?

By Frank Collo | Mar 7, 2019

Mortgage Insurance, when do you need it? PMI is required on conventional loans if the loan to value ratio is greater than 80%. MIP (Mortgage Insurance Premium) is required on all FHA loans. What Is Mortgage Insurance? If you’re making a down payment of less than 20% on a home, it’s essential to understand what mortgage … Read more

Is a Mortgage Broker Right For You?

By Frank Collo | Feb 21, 2019

Is a Mortgage Broker Right For You? Are you having trouble deciding whether or not a mortgage broker is right for you? Here’s some useful information to help you make a decision! Mortgage brokers may provide more affordable costs compared to banks and mortgage banks. A mortgage brokerage firm is a licensed and regulated entity that brings borrowers and lenders … Read more

5 Simple Tips to Moving

By Frank Collo | Feb 7, 2019

5 Simple Tips to Moving. If you’re stressing about your move, here are a few quick tips to make your move easier. Boxes. Make sure you have the right kind of packing containers for all the different types of cargo you’re planning on taking with you. Purchase various sizes of containers to ensure certain items … Read more

Simple Basics to Buying a Home

By Frank Collo | Jan 23, 2019

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

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.

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.