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5 Ways to Save Money on Your Mortgage

Mortgage interest rates have been near rock-bottom lows for many years but are likely to increase over the next few years. Even though you can no longer count on record low interest rates, there are plenty of things you can do to make sure you save money on your mortgage loan. Here are the top five: 1. Increase Your Down Payment By saving a little longer, getting money gifted to you by relatives, or selling off big assets, you could pull together a larger down payment. If you can bump up your down payment to 20% or more, you will avoid paying for private mortgage insurance, saving yourse...

March 27th, 2019 | Mortgages, Savings, Credit, 5 Ways to Save Money on Your Mortgage

The CMLA Met With The Treasury Department To Discuss GSE Reform

A small group of representatives of the CMLA and CHLA, at the request of the Treasury Department, met to discuss GSE reform and the actions which need to be taken to ensure midsize and small lenders maintain equal access to the secondary markets. In addition, discussions regarding the impacts of any current proposals also took place.   In attendance for the CMLA were Kim Curtis, Board Chair of the CMLA and President and CEO of Tidewater Home Funding, Mike Loftin, Chief Executive Officer of Homewise, a CMLA member, Rob Zimmer, Director of Communication for CMLA, and Ed Wallace, Executive...

March 26th, 2019 | CMLA, The Treasury Department, GSE Reform, The CMLA Met With The Treasury Department To Discuss GSE Reform

Honoring women veterans who call Virginia home

RICHMOND, Va. (CBS19 NEWS) -- This week is Virginia Women Veterans Week, which honors the service of women in the military. On Monday, Governor Ralph Northam participated in a special kickoff event marking the beginning of the week. The pinning ceremony honored all women veterans who were present with a special lapel pin. This is the second year Virginia has devoted the third week of the month of March to recognize such women who have served in the U.S. Armed Forces throughout history. There will be an event in Charlottesville on Friday as part of the Virginia Festival of the Book, wh...

March 20th, 2019 | Virginia Women Veterans, Honoring Women Veterans, Veterans Who Call Virginia Home, Governor Ralph Northam, Honoring women veterans who call Virginia home

Best Time of the Year to Buy a Home

Whether you have been saving up for your first home or you are ready to upgrade to a bigger place, you may be wondering if there is a “best” time to buy a home. While it depends on your priorities and your local market, there are some general home buying trends that could help you make your decision. Spring & Summer These are typically the hot home buying and selling months. That means there will be more listings to choose from as a buyer. However, that also means there will probably be lots of other buyers looking at those listings and the competition could heat up. You ...

March 20th, 2019 | First-time Homebuyers, Purchasing a Home, Best Time of the Year to Buy a Home

5 Things to Do After Your Mortgage Closes

After sitting down at the mortgage closing table to sign all the paperwork, you get the keys and can breathe a sigh of relief. But before you tuck all those mortgage papers away for good, there are at least 5 things you still need to do after closing to make sure everything is on track. 1. Figure Out the Start Date of the First Payment Your lender or title company should have let you know this important fact before or at closing, but with so many papers and numbers being thrown at you, it might get missed. Your escrow account often requires enough money from you at closing to cover ...

March 13th, 2019 | First-time Homebuyers, Purchasing a Home, Refinancing a Home, 5 Things to Do After Your Mortgage Closes

New homes are being built greener than ever.

As resale inventory continues to be low in the Hampton Roads area, buying a new construction home might be a perfect option for your client. New homes are being built greener than ever with new technologies being introduced into the industry all the time. With more options offered to potential buyers, new construction homes can help save money that they can put to other uses as well as help the environment. It starts from the foundation and goes up from there! As many homes in the region are built on crawl foundations, these can lead to damp conditions, more termite issues, and unregulated...

March 5th, 2019 | Tidewater Home Funding, Build Green, Ainslie Group, New homes are being built greener than ever.

Tidewater Home Funding

Tidewater Home Funding, LLC NMLS# 41552
(www.nmlsconsumeraccess.org).
Equal Housing Lender.

Licensed in Virginia, North Carolina & Florida.

VSCC Bureau of Financial Institutions, P.O. Box 640, Richmond VA 23218-0640, (1-800-552-7945) www.scc.virginia.gov/bfi

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