Michelle Phillips

NMLS # 257767

757-366-8690

mphillips@tidewaterhomefunding.com

Michelle Phillips Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

How does a HELOC work?

How does a HELOC work?

With so much equity flowing freely these days, getting a home equity line of credit (HELOC) can be a great way to pay for home renovations, help pay for a child’s college tuition, or finance other important financial goals. Unlike a traditional mort

Jun 27, 2023 | Refinancing a Home

Summer Home Maintenance: Keeping Your Property in Tip-Top Shape

Summer Home Maintenance: Keeping Your Property in Tip-Top Shape

                  As the temperatures rise and the days get longer, it's the perfect time to give your home some much-needed attention. Summer home maintenance plays a crucial role in preserving the beauty, fun

Jun 26, 2023 |

Creating Your Dream Outdoor Oasis with a Renovation Loan

Creating Your Dream Outdoor Oasis with a Renovation Loan

                  With the arrival of Summer, many homeowners yearn for a tranquil and inviting outdoor space to relax, entertain, and enjoy the warm weather. If you're looking to transform your backyard into a

Jun 26, 2023 |

Weighing the Options: Vacation Home or First Mortgage Payoff?

Weighing the Options: Vacation Home or First Mortgage Payoff?

Have you always wanted to buy a second home in your favorite vacation spot, but you’re not sure if it makes financial sense to take on a second mortgage before paying off your first? It can be a tricky question as it feels like a trade-off between g

Jun 20, 2023 | Purchasing a Home

Making Sense of Today's Interest Rates

Making Sense of Today's Interest Rates

Mortgage interest rates have risen sharply in the past year, having bumped around the 3% -4% range for the last decade. After getting so accustomed to that range of rates, many borrowers are struggling with today’s level in the 6% span. However, his

Jun 13, 2023 | Interest Rates

MBSQuoteline Friday Newsletter

      MortgageTime™ by MBSQuoteline Mortgage Market News for the week ended June 23, 2023         Housing Starts Surge   With little ma

Jun 09, 2023 |

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