Michelle Phillips

NMLS # 257767

757-366-8690

mphillips@tidewaterhomefunding.com

Michelle Phillips Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Why Fall in Love with a Fixer-Upper

Why Fall in Love with a Fixer-Upper

                  Embracing a fixer-upper is like starting a love story with untapped potential. While some might see an older, neglected property, visionaries see a canvas ready for a masterpiece. Here’s

Jan 30, 2024 |

Lease-to-Own Agreements: A Unique Path to Homeownership

Lease-to-Own Agreements: A Unique Path to Homeownership

Today, we're going to explore an unconventional, yet incredibly effective, avenue to homeownership: Lease-to-Own agreements. If you've been yearning to call a place your own but have faced hurdles in the traditional mortgage landscape, this could be your

Jan 30, 2024 | Purchasing a Home

Weighing Your Options: 20% Down Payment vs. Mortgage Insurance

Weighing Your Options: 20% Down Payment vs. Mortgage Insurance

                    In the intricate dance of real estate, prospective homebuyers often find themselves at a crossroads, faced with the pivotal decision of how much to contribute as a down payment. The cla

Jan 23, 2024 | Purchasing a Home

The Federal Reserve's Role in Shaping Mortgage Rates

The Federal Reserve's Role in Shaping Mortgage Rates

In the dynamic world of the American economy, one institution holds the reins, steering the course—the Federal Reserve, affectionately known as the "Fed." As the guardian of monetary policy, it exerts a potent influence on various aspects of our fin

Jan 16, 2024 | Purchasing a Home Interest Rates

Avoiding Common Homebuyer Mistakes in a Seller's Market

Avoiding Common Homebuyer Mistakes in a Seller's Market

We've been in a seller's market for a while now; the pandemic stirred up massive demand for more residential space, and the supply of homes has not been able to keep up since then. A seller's market can present unique challenges and opportunities for pros

Jan 09, 2024 | Purchasing a Home

Buying vs. Renting in 2024: What Is Best for You?

Buying vs. Renting in 2024: What Is Best for You?

                  As we enter 2024, the age-old question for many individuals and families remains: is it better to buy a home or continue renting? The decision to buy or rent is more than just a financial choi

Jan 03, 2024 |

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