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Ali Klein

NMLS ID 41552

757-925-1333 aklein@tidewaterhomefunding.com

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Blog Image: 3 Essentials to Smart Mortgage Decisions

3 Essentials to Smart Mortgage Decisions

Maybe you’re thinking about buying a home but feel intimidated by the mortgage application process. It can feel overwhelming if it’s your first home purchase and you don’t know where to begin or who to talk to. If you think ahead, organize your finances, and do your research, you’ll be better prepared to make the best mortgage decision for you. Getting a mortgage (and buying a home) is not something anyone does lightly, so you want to make sure you’re as educated and prepared as possible! Here are 3 major tips to help you prepare your finances and set yourself ...

July 31st, 2020 3 Essentials to Smart Mortgage Decisions

Blog Image: What Happens If I Lose My Job During the Mortgage Process?

What Happens If I Lose My Job During the Mortgage Process?

You are midway through the process of closing on a new home or a refinance mortgage. Then you lose your job. In today’s coronavirus crisis climate, plenty of home buyers and homeowners have faced this situation. Can the home loan go through or is it curtains for your new mortgage? While becoming unemployed during the loan underwriting process is much less-than-ideal, there may be some rays of hope. Temporary or Permanent Job Loss Sometimes income loss is due to furloughs. If you have a commitment from your employer as to when you will return to work or your income will resume, you ...

July 29th, 2020 | Interest Rates, What Happens If I Lose My Job During the Mortgage Process?

Blog Image: Everything You Need to Know About Escrow

Everything You Need to Know About Escrow

Even if you’re not in the process of buying a home right now, you’ve probably heard the term escrow before but maybe you don’t know exactly what it means. The more understanding you have of the homebuying process and the terms that come up, the more confident you’ll be going into it and the less surprises you’ll encounter along the way! So, let’s breakdown what escrow is and how it applies to you as a homebuyer or seller. What is Escrow? Put simply, escrow is a legal arrangement in which a third-party temporarily holds large sums of money (called Earne...

July 16th, 2020 Everything You Need to Know About Escrow

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