Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Complicated Terms. Simple Definitions: Total Interest Percentage (TIP)

Complicated Terms. Simple Definitions: Total Interest Percentage (TIP)

A new line item in the Loan Estimate and Closing Disclosure is Total Interest Percentage (TIP). TIP refers to the total amount of interest you will pay over the loan term as a percentage of your loan amount. TIP is calculated on a fixed ra

Nov 06, 2015 |

Newest Tidewater Home Funding Office Opens In Historic Gloucester

Newest Tidewater Home Funding Office Opens In Historic Gloucester

Tidewater Home Funding is privileged to announce the opening of our newest location in historic Gloucester County. Since we opened our first office in 2000, our team has taken great pride in providing valuable home loan products and exceptional customer s

Nov 04, 2015 |

What I learned from HUD Secretary, Julian Castro

What I learned from HUD Secretary, Julian Castro

On Monday, October 26th, I joined a virtual townhall meeting held by Realtor.com that focused on millennials and the housing market. The discussion featured Julian Castro, the Secretary of Housing and Urban Development. It also feature

Oct 30, 2015 |

Is your Condo FHA/VA approved?

Is your Condo FHA/VA approved?

As millennials enter the housing market, they are faced with many challenges. But have you heard that the biggest competitors millennials face are their parents? According to The Washington Post, boomers are downsizing and want to live in urban city cente

Oct 23, 2015 |

New Additions to the Tidewater Home Funding Operations Team

New Additions to the Tidewater Home Funding Operations Team

Lynda Dunn joins the operations team at Tidewater Home Funding, LLC.  Dunn works with the operations team assisting with loan set-up, compliance, post-closing and shipping.  Dunn has previous experience within the mortgage industry as a loan pro

Oct 22, 2015 |

Millennials will live at home forever- Gift of Equity

Millennials will live at home forever- Gift of Equity

Yes, it is true that millennials are moving from their parents’ basements. CNBC reported that millennials are stepping in to help their families financially. Some of them even buy their parents’ house and take over the mortgage

Oct 16, 2015 |

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