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

We want to refinance one of our investment properties.  We own five rentals plus our home.  We own three of them outright and have mortgages on the others plus our home.  We were told we had too many properties and could

Jun 05, 2012 |

30-year mortgage rate hits record low of 3.75%

30-year mortgage rate hits record low of 3.75%

Mortgage rates hit record lows in the week ending May 31, with the 30-year fixed-rate mortgage average declining to 3.75% from 3.78% in the prior week, Freddie Mac said Thursday in its weekly report.  READ MORE HERE... * *Rate information based

May 31, 2012 |

Home Buyer Q & A

 • We are purchasing a new home.  We want to go FHA, but we do have a question.  The monthly mortgage insurance, does it adjust with the loan balance, or is it always the same?  Also, how long do we have to keep it? 

May 30, 2012 |

Frank Malbon joins Tidewater Home Funding, LLC

Frank Malbon joins Tidewater Home Funding, LLC

Frank Malbon joins Tidewater Home Funding, LLC as Senior Vice President of Residential Lending Frank Malbon has joined Tidewater Home Funding as Senior Vice President of Residential Lending.  Malbon provides mortgage lending services to his customers

May 30, 2012 |

Mortgage Rates For 30-Year U.S. Loans Fall To A Record-Low 3.78%

Mortgage Rates For 30-Year U.S. Loans Fall To A Record-Low 3.78%

U.S. mortgage rates for 30-year loans fell to a record low for a fourth straight week, reducing borrowing costs as a housing recovery takes hold. The average rate for a 30-year fixed mortgage dropped to 3.78 percent in the week ended today from

May 25, 2012 |

Fixed Rate Mortgages Plunge Even Further to 3.78 Percent

Fixed Rate Mortgages Plunge Even Further to 3.78 Percent

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing the record lows for average fixed mortgage rates holding steady for the week, as the 30-year fixed-rate mortgage (FRM) averaged 3.78 percent... READ MORE HERE.

May 24, 2012 |

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