Michelle Phillips

NMLS # 257767

757-366-8690

mphillips@tidewaterhomefunding.com

Michelle Phillips Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Reverse for Purchase Home Loan Program

Reverse for Purchase Home Loan Program

At various stages of our lives, we are faced with important decisions for the future.  This doesn’t stop just because we get older – in fact, we can have even more important choices to make.  After having been in your home for a numb

Apr 21, 2016 |

How Does a Reverse Mortgage Work?

How Does a Reverse Mortgage Work?

We’ve discussed the history of reverse mortgages and we’ve talked about the newest changes to the FHA-backed reverse mortgage HECM program, but just how does a reverse mortgage work?  In some ways, it’s like any other mortgage &ndas

Apr 20, 2016 |

Recent Changes to Reverse Mortgage Programs

Recent Changes to Reverse Mortgage Programs

Continuing our look at the history of the Reverse Mortgage, let’s take a look at the most recent, sweeping changes to the program and how it affects the homeowner.Changes to the HECM (Home Equity Conversion Mortgage – the FHA-backed reverse mo

Apr 19, 2016 |

Reverse Mortgage Education Week Starts Today

Reverse Mortgage Education Week Starts Today

In honor of Reverse Mortgage Education Week (April 18-22), it might be fun to look at how the Reverse Mortgage came into existence and how it has evolved over the years.The Reverse Mortgage loan is not a new concept. The very first Reverse Mortgage was wr

Apr 18, 2016 |

Congratulations Skyles Family

Congratulations Skyles Family

"Thank you to Mr. & Mrs. Skyles on the purchase of your brand new home. I appreciate Art Beverly with Wainwright Real Estate for the referral. And, as always, thank you to Frank Gilmore with 1st Commonwealth Title & Settlement for a great clo

Apr 05, 2016 |

Jennifer Keenan's Friday FAQs!

Jennifer Keenan's Friday FAQs!

Happy Friday!  Let me share with you this week's questions, we have some god ones.  Let's see what's up...We bought a home to renovate and flip in 2014.  We paid 500,000 for it and owe 403,000.  We had it listed for ov

Apr 01, 2016 |

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