Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

The Ins and Outs of a Down Payment

The Ins and Outs of a Down Payment

Being able to purchase a home is often tied to how much of a down payment you have saved. If you have never bought a house before, you may not understand what a down payment is or why it is so important. Here’s the basics you need to know as you sav

Jan 02, 2019 | VA Loans FHA Loans Preapproval Purchasing a Home

Home Equity Loan vs. HELOC

Home Equity Loan vs. HELOC

For many people, their home is their largest asset. And its value generally grows over time, producing more equity for the homeowners. How can homeowners make use of this equity without selling their house? A home equity loan or a Home Equity Line of Cred

Dec 26, 2018 | Home Equity Credit

Happy Holidays from Tidewater Home Funding

All of us at Tidewater Home Funding would like to wish you a Merry Christmas and a Happy New Year! We would like to thank you for making 2018 a great year and for the privilege of helping you purchase or refinance your home. We hope that 2019 is a year f

Dec 19, 2018 |

Everything You Need To Know About Prepayment Penalties

Everything You Need To Know About Prepayment Penalties

Although they are not nearly as common today, some mortgage loans do come with a prepayment penalty. Home loan borrowers should be aware of them before signing their names on the dotted line. Here’s what you need to know about prepayment penalties:

Dec 12, 2018 | Purchasing a Home Refinancing a Home

Invest in Our Community by Giving

Invest in Our Community by Giving

Everyone needs a helping hand at some point. Tidewater Home Funding, LLC is extending a hand to those in need in our community by donating our time and money to United Way South Hampton Roads. Find out more about the cause at https://unitedwaysh

Dec 07, 2018 |

Should I Pay Off My Mortgage Before Retirement?

Should I Pay Off My Mortgage Before Retirement?

As you near retirement, you may be anxious to completely pay off your mortgage and be debt-free before your traditional income stops.  In most cases, this is the best plan but there are situations when holding on to your mortgage into retirement may

Dec 05, 2018 | Reverse Mortgages Refinancing a Home

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