Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Home Buyer Q & A

We are looking at purchasing a new home.  We are both over age 62, and I understand we can purchase a home using a reverse mortgage.  Is this true?  Yes, the reverse mortgage tool can be used for either a purchase or refinance. The rev

May 22, 2012 |

Congress and Advocates for Seniors Agree on Value of Reverse Mortgages

Congress and Advocates for Seniors Agree on Value of Reverse Mortgages

At a time when consensus is hard to find in Washington, members of Congress, advocates for senior citizens, and representatives of financial services companies all agreed that reverse mortgages are an important tool in providing a better life for seniors,

May 18, 2012 |

Home Buyer Q & A

 I am trying to determine whether we are going to build a home or negotiate with our builder to purchase the house complete.  What are my options?  I do have VA eligibility, and we believe this project will cost app

May 16, 2012 |

Tidewater Home Funding Loan Officers recognized as Five Star Mortgage Professionals

Tidewater Home Funding Loan Officers recognized as Five Star Mortgage Professionals

Congratulations to Jeremy Krupnick, Michelle Phillips, Mary Leeds, Mary Beth Marshall and Susanna Thomson on being recognized as Five Star Mortgage Professionals in the May/June issue of Hampton Roads Magazine. This is the second year Jeremy and Mary Beth

May 09, 2012 |

Home Buyer Q & A

I am negotiating a contract to purchase a new home. The purchase price is going to be around $525,000, we plan to live in it full time. What is the least amount of money we can put down? First, this is jumbo money. Our professionals program will

May 07, 2012 |

Mortgage Rates Drop to Record Lows

Mortgage Rates Drop to Record Lows

Mortgage rates plummeted to record lows, with the average interest rate on 30-year, fixed-rate mortgages dropping to 3.84 percent this week from 3.88 percent last week, Freddie Mac reported yesterday. The previous record of 3.87 percent was last registere

May 04, 2012 |

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