Michelle Phillips

NMLS # 257767

757-366-8690

mphillips@tidewaterhomefunding.com

Michelle Phillips Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Avoid These First-Time Homebuyer Mistakes in the New Year

Avoid These First-Time Homebuyer Mistakes in the New Year

                        Embarking on the journey of buying your first home is exciting, but it can also be fraught with potential pitfalls, especially for those new to the process. As we step int

Nov 27, 2023 |

Stay Alert: Top Consumer Scams to Watch Out for After Home Closing

Stay Alert: Top Consumer Scams to Watch Out for After Home Closing

                        Congratulations on closing on your new home! While this is a time for celebration, it's also crucial to be aware of the various consumer scams targeting new homeowners. Sc

Nov 27, 2023 |

2024 Conforming Loan Limits Update: What Homebuyers Need to Know

2024 Conforming Loan Limits Update: What Homebuyers Need to Know

                What Are Conforming Loan Limits?   Conforming loan limits refer to the cap on the size of a mortgage loan that Fannie Mae and Freddie Mac can buy or guarantee. These limits are important because

Nov 27, 2023 |

The Top 5 Reasons Fixed-Rate Mortgages Are Your Wealth-Building BFFs

The Top 5 Reasons Fixed-Rate Mortgages Are Your Wealth-Building BFFs

When it comes to home loans, fixed-rate mortgages are the bread-and-butter of the market and for good reason. If you're all about making savvy financial moves, you’ll want to learn these golden knowledge nuggets that will show you why fixed-rate mor

Nov 21, 2023 | Purchasing a Home

Does My Age Affect My Mortgage Eligibility?

Does My Age Affect My Mortgage Eligibility?

Ever stopped to ponder how age can shape your journey into the world of mortgages? Well, today, we're diving headfirst into this intriguing aspect of homeownership. Buckle up because we're about to explore how your age can sway the tides of mortgage eligi

Nov 14, 2023 | Purchasing a Home

How Will Buying a Vacation Home Affect My Taxes?

How Will Buying a Vacation Home Affect My Taxes?

The vacation home-buying craze spurred by the COVID-19 shutdowns has started to fizzle out, which is great news if you are still in the market for a getaway home. While vacation home sales skyrocketed 17% in 2020 and 33% in 2021, by the middle of 2023 dem

Nov 07, 2023 | Purchasing a Home

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