Susanna R. Thomson

NMLS # 248243

757-366-8690

sthomson@tidewaterhomefunding.com

Susanna R. Thomson Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

The Markets In A Minute - May 27

The Markets In A Minute - May 27

For the Week Ending May 27, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  Reports on retail sales, housing and industrial production offer a favorable view of growth for Q2

May 27, 2016 |

Jumbo Reverse Mortgage Loan - It Can Be Done!

Jumbo Reverse Mortgage Loan - It Can Be Done!

You’ve found your dream home and the cost is $700,000.  You’re 65 and you really don’t want a monthly mortgage payment.  You sold your current home and have the proceeds available for your new home.  This is the perfect pl

Apr 22, 2016 |

Things You Should Know

Things You Should Know

Wowy Zowy - Happy Friday!  It has been a great week.  I wanted to bring you program updates, things you should know for your clients.  These are some of the niche programs we are seeing make entry in our markets.  We do have these

Apr 22, 2016 |

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 |

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