Michelle Phillips

NMLS # 257767

757-366-8690

mphillips@tidewaterhomefunding.com

Michelle Phillips Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

A Smart Option for Energy Efficient Improvements

A Smart Option for Energy Efficient Improvements

The pandemic has kept us in our homes like never before and, in that time, many of us started looking around and thought, “Hmm, what can I update?” As you consider home improvement projects, did you know that as part of a Veterans Administration (VA) loa

Sep 17, 2021 |

What is an eClosing?

What is an eClosing?

Even before the COVID-19 pandemic, in the quest for convenience, everything in our world was trending more towards “virtual” services. The coronavirus quarantining of the past year and a half has only increased the need for such online avenues. The mortga

Sep 15, 2021 |

4 Things to Know Before Getting a Reverse Mortgage

4 Things to Know Before Getting a Reverse Mortgage

Many Americans bank on being able to sell their homes in retirement to help pay for their living expenses. However, many seniors get to that stage and realize they do not want to leave their homes. Or there can be unexpected costs that crop up in retireme

Sep 08, 2021 |

Is Buying a House with an HOA a Good Idea?

Is Buying a House with an HOA a Good Idea?

If you’re looking to buy a home, you may have come across listings that are part of a homeowner’s association or HOA. You’ve probably also noticed that those properties come with an additional monthly HOA fee. What is an HOA and is it a good idea to buy i

Sep 01, 2021 |

Major Change - in a Good Way - to FHA Rule on Student Loans

Major Change - in a Good Way - to FHA Rule on Student Loans

In 2016, the Federal Housing Administration mandated a tough rule on homebuyers that particularly affected those with student loan debt. FHA required lenders to count as a monthly expense either the monthly student loan payment or 1% of the loan balance,

Aug 31, 2021 |

DOWN PAYMENT GUIDE

DOWN PAYMENT GUIDE

Coming up with enough cash for a down payment to buy a home is one of the single biggest roadblocks for most prospective home buyers. But how much do you really need? Here’s a look at what a down payment is, a few first-time home buyer myths, and some dif

Aug 27, 2021 |

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