Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

203K Renovation Loan Q & A

203K Renovation Loan Q & A

Scenario: Streamline 203K purchase loan has closed. The contractor has completed the first phase of work, and the estimated work was OVER budgeted by $200.00. What this means is that there is $200 unused money… Question: Can the borrower

Feb 27, 2012 |

Reverse Mortgages Q & A

Reverse Mortgages Q & A

I’ve seen many ads on TV about Reverse Mortgages. Just what is a Reverse Mortgage and how does it work? Essentially, a Reverse Mortgage is a mortgage that pays you, the borrower, instead of you paying the bank. A borrower must be age 62 or older and

Feb 24, 2012 |

Important Facts for Home Purchase with a Reverse Mortgage

Important Facts for Home Purchase with a Reverse Mortgage

The property must be an eligible HECM (Reverse Mortgage) property and must be a single family residence only – no 2-4 unit properties. Allowable Fees must be typical for the market. Costs associated with the HECM loan must be paid by the buyer

Feb 24, 2012 |

Home Buyer Q & A

• I am interested in purchasing a home, I sold my house a year ago as a short sale. What are my options? If your previous mortgage was not past due when the short sale took place, you may purchase a home using an FHA loan. If your previous

Feb 21, 2012 |

George E. Moore joins Tidewater Home Funding, LLC

George E. Moore joins Tidewater Home Funding, LLC

George E. Moore has joined Tidewater Home Funding as Senior Vice President. Mr. Moore will assist with the management and operational duties of investor relations, recruiting, community outreach, business development, and assisting the secondary marketing

Jan 25, 2012 |

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