Michelle Phillips

NMLS # 257767

757-366-8690

mphillips@tidewaterhomefunding.com

Michelle Phillips Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Home Buyer Q & A

So much has changed over the last five years - does anyone still allow seller held seconds?  Amazingly enough.  Yes.  Conventional financing will allow for seller held seconds.  You may go as high as 95% CLTV o

Aug 13, 2012 | Seconds, VHDA, VA Lending

Clubbin' with the Ladies - Virginia Aquarium Golf Party Sponsorship

Clubbin' with the Ladies - Virginia Aquarium Golf Party Sponsorship

Thank you to everyone who visited the Tidewater Home Funding team during Clubbin' with the Ladies 2012 at Owl's Creek Golf Club in Virginia Beach.  All proceeds benefit the Access Aquarium Fund at the Virginia Aquarium.  

Aug 10, 2012 |

30 & 15 Year Mortgages Rates Increase, Still At Historic Lows

30 & 15 Year Mortgages Rates Increase, Still At Historic Lows

According to Freddie Mac's Weekly Primary Mortgage Market Survey, the average on the 30-year loan rate increased to 3.55*.  The weekly average rate on the 15-year mortgage increased to 2.83%*.  While a slight increase, this is the 20th consecuti

Aug 09, 2012 |

Refi Apps Hit Heights Last Seen in 2009

Refi Apps Hit Heights Last Seen in 2009

 Wed, 2012-07-25 11:07 — NationalMortgag... Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week endin

Jul 25, 2012 |

Record low 15-year mortgages gain appeal

Record low 15-year mortgages gain appeal

By Amy Hoak, MarketWatch CHICAGO (MarketWatch)—Average rates on 15-year fixed-rate mortgages have been below 3% since May, leading more borrowers to consider swapping their current home loan for one with a 15-year term. Not only are interest r

Jul 23, 2012 |

30 & 15 Year Mortgage Rates Reach Record Lows for Fifth Week

30 & 15 Year Mortgage Rates Reach Record Lows for Fifth Week

According to Freddie Mac's Weekly Primary Mortgage Market Survey, the average on the 30-year loan rate dropped to 3.53%*.  That is the lowest weekly average since long-term mortgages began in the 1950's.  The weekly average rate on the 15-year m

Jul 19, 2012 |

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