Charlene Turner

NMLS # 456052

757-366-8690

cturner@tidewaterhomefunding.com

Charlene Turner Mortgage Advisor & Reverse Mortgage Specialist

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Choosing Between a 5/1 and 7/1 ARM?

Choosing Between a 5/1 and 7/1 ARM?

With 30-year mortgage rates now topping 20-year highs, borrowers are looking to alternative loan options to save money on home loans. Adjustable rate mortgages (ARMs) are becoming more popular as homebuyers and refinancers look for lower introductory inte

Dec 19, 2023 | Purchasing a Home

Understanding Mortgage Prepayment Penalties: The Hidden Costs

Understanding Mortgage Prepayment Penalties: The Hidden Costs

Mortgage prepayment penalties can be a perplexing aspect of your home financing journey. Essentially, they are fees imposed by lenders when you pay off your mortgage earlier than agreed upon or exceed the specified payment limits. These fees are designed

Dec 12, 2023 | Purchasing a Home

Is Refinancing my Mortgage to Eliminate High-Interest Debt a Smart Move?

Is Refinancing my Mortgage to Eliminate High-Interest Debt a Smart Move?

Are you tired of juggling a pile of bills, from high-interest credit card debts to personal loans and auto payments? If so, there might be a financial strategy that could simplify your life: refinancing your mortgage to consolidate all those debts. In thi

Dec 05, 2023 | Refinancing a Home

Minimizing the Effect of Job Loss on Your Mortgage

Minimizing the Effect of Job Loss on Your Mortgage

In the dynamic landscape of personal finance, job loss can send shockwaves through your financial stability, particularly when it comes to managing your mortgage. Yet, with appropriate preparation and a little knowledge you can navigate these turbulent wa

Nov 28, 2023 |

Relocating in the New Year: A Fresh Start in a New Home

Relocating in the New Year: A Fresh Start in a New Home

                        As the New Year approaches, many of us consider making significant changes, and for some, this means relocating to a new home or city. Relocating can be an exciting opport

Nov 27, 2023 |

Understanding VA Loans: A Comprehensive Guide for Veterans

Understanding VA Loans: A Comprehensive Guide for Veterans

                        For many veterans and active military members, owning a home is a key part of the American dream. To help facilitate this, the U.S. Department of Veterans Affairs (VA) off

Nov 27, 2023 |

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