Michelle Phillips

NMLS # 257767

757-366-8690

mphillips@tidewaterhomefunding.com

Michelle Phillips Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Budgeting for Homeownership

Budgeting for Homeownership

There are costs that are associated with owning a home that families must consider when preparing a monthly budget. The mortgage payment is a significant factor, but not the only cost. Although there are additional fees with owning a home versus renting,

Apr 14, 2021 |

Should I Buy a New or Existing Home?

Should I Buy a New or Existing Home?

A recent survey from the National Association of Home Builders found that the number of prospective home buyer looking for a new home more than doubled during the past year. At the same time, the number of those searching for only existing properties fell

Apr 07, 2021 | Purchasing a Home

What Loan Options are Available for Rental Properties?

What Loan Options are Available for Rental Properties?

While the COVID-19 pandemic has hit many Americans hard financially, for others who have been able to hold onto their jobs, it has been a time of saving money on commutes and lack of vacations and entertainment. That extra cash, coupled with the fact that

Mar 31, 2021 |

How to Apply for a Mortgage Online

How to Apply for a Mortgage Online

Not all that long ago, in order to apply for a home loan, you would have to go into a bank or lender office and fill out paperwork by hand. Thankfully, the advance of smartphones and technology have made it more convenient than ever to apply for a mortgag

Mar 24, 2021 |

Why does Buying a Home require so much Insurance?

Why does Buying a Home require so much Insurance?

When you are ready to buy a home, you will hear about a lot of different types of insurance: homeowners’ insurance, private mortgage insurance, title insurance, etc. What is the difference between all of these and why are they required? Here’s everything

Mar 17, 2021 |

Emergency Funds for Sustained Wealth

Emergency Funds for Sustained Wealth

Emergency funds are something that many people strive for, but often cannot maintain due to tight budgets or the frequent use of saved funds. According to Dave Ramsey, many families have less than $1,000 saved overall and no money in an emergency fund. It

Mar 12, 2021 |

Ready to Fund Your Dreams?

Reach out to our team of local mortgage specialists and take the initial step towards homeownership. Our team is ready to assist you throughout the process, offering you the necessary information and guidance to help you make informed decisions for your unique needs. Don't delay any longer - apply today to begin.

 

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