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Ali Klein

NMLS ID 41552

757-925-1333 aklein@tidewaterhomefunding.com

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Blog Image: New FICO “Resilience” Credit Score Could Help Borrowers

New FICO “Resilience” Credit Score Could Help Borrowers

As the U.S. economy reels from record-high unemployment and continued COVID-19 shutdowns, the Fair Isaac Corp. (FICO), a global analytics company and producer of the FICO credit score, released a new credit index recently it hopes will keep mortgage lending and other loans flowing during these unprecedented times. After reviewing over 70 million consumer credit files from the Great Recession, FICO found that the majority of consumers - including those with lower credit scores - kept up with their financial obligations even during that time of double-digit unemployment and devastating h...

July 15th, 2020 | Credit, New FICO “Resilience” Credit Score Could Help Borrowers

Blog Image: 6 Questions to Ask a Potential Realtor

6 Questions to Ask a Potential Realtor

In a recent blog post, Important People Involved in Your Homebuying Process, real estate agent is the first person listed. They’re one of the first people you may come into contact with in the homebuying process as they’re typically linked with helping you find your home.  A Realtor is going to be with you for the majority of your homebuying process, so you want to make sure that you find an agent that’s really going to work for you and go to bat for you (especially when it comes to home price negotiations). It’s OK to meet with several different Realtors before...

July 2nd, 2020 6 Questions to Ask a Potential Realtor

Blog Image: Buying a First Home in an Expensive Area

Buying a First Home in an Expensive Area

For Americans living and working in the nation’s most expensive real estate markets, homeownership can seem like the impossible dream. Prices are high and options can be limited. It may feel like home values rise faster than your ability to save up for a down payment. Although the process may look different than in other parts of the country, becoming a first-time homebuyer in a pricey area is possible. Here are some suggestions for making that dream a reality: Determine Your Budget First, you need to figure out how much home you can afford. That number needs to be determined by yo...

July 1st, 2020 | Purchasing a Home, Buying a First Home in an Expensive Area

Blog Image: A Message from President and CEO, Kim Curtis

A Message from President and CEO, Kim Curtis

To our dedicated team members, valued customers, and business partners, 2020 marks our 20th year in business.  This is a milestone for which we are most proud, and we could not have achieved this milestone without your support. Our plans to commemorate and celebrate this important benchmark are temporarily on-hold due to the crisis our fellow American neighbors and our friends around the globe continue to experience.  The year 2020 will forever be imprinted on our lives, the lives of our children, and future generations.  A global pandemic leading to a financial ...

June 19th, 2020 A Message from President and CEO, Kim Curtis

Blog image: When Should You Buy Your First Home?

When Should You Buy Your First Home?

So you’re thinking about buying your first home? Maybe you’re young, feeling set in your career, and want a place to call your own. Perhaps you’re looking to start a family and want to lay down roots somewhere. Or maybe you want to invest in an income property and rent out a back-house or duplex. Whatever your ‘why’, you’ve got the feeling and maybe you’ve been saving up for a down payment. But this is most likely the biggest financial decision of your life, so it’s important to plan ahead and ensure that you’re prepared for the jour...

June 18th, 2020 When Should You Buy Your First Home?

Blog Image: What is an ARM loan?

What is an ARM loan?

While fixed-rate loans are one of the most popular choices for mortgage loans, there is another choice: the adjustable-rate mortgage or ARM loan. If you’ve ever wondered what an ARM loan is or why anyone would want one, here is what you need to know: ARMs Defined An adjustable-rate mortgage is a type of home loan with a short fixed-rate period, after which the interest rate is allowed to adjust periodically based on certain market indexes. How an ARM Works An ARM loan comes with an initial low-rate period of anywhere from one to ten years. During that time, your interest rate...

June 17th, 2020 | Adjustable Rate Mortgages, What is an ARM loan?

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