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Ali Klein

NMLS ID 41552

757-925-1333 aklein@tidewaterhomefunding.com

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Blog Image: How to Shop Smarter and Avoid Buyer's Remorse

How to Shop Smarter and Avoid Buyer's Remorse

Since the onset of COVID-19, and the subsequent shelter-in-place ordinances, spending has generally decreased for Americans. Consumer preference shifts for essentials and reflecting on our values are shaping how we think about spending our time and money moving forward. Consumer marketing experts are predicting that these preferential shifts will not change post-COVID, but will persist long after life goes back ‘to normal’. We all experience buyer’s remorse in some form or another at some point. Whether it’s as small as splurging on a fancy coffee shop drink or buyin...

September 29th, 2020 How to Shop Smarter and Avoid Buyer's Remorse

Blog Image: Is Now the Right Time to Buy Your First Home?

Is Now the Right Time to Buy Your First Home?

There are millions of potential U.S. homebuyers sitting on the sidelines wondering if it is smart to buy their first house in the midst of a global pandemic. Unemployment is the highest it's ever been, COVID-19 cases are still rising in many places, and home prices remain steep. And yet, great opportunities can often arise in the middle of economic turmoil. This may be a great time to become a first-time homebuyer. Timeframe One of the biggest concerns right now for many first-timers is whether the housing market will hold its value or if we’re in for a big crash as the coronav...

September 23rd, 2020 | Purchasing a Home, First-time Homebuyers, Is Now the Right Time to Buy Your First Home?

Blog Image: 5 Ways to Save for a Down Payment

5 Ways to Save for a Down Payment

Are you thinking about making the leap from renter to homeowner? Owning a home has so many financial benefits compared to renting, so give yourself a high five for even considering the pursuit - it’s a big step! Purchasing a home is totally possible, it just requires some financial planning and preparation. In a recent survey from Cultural Outreach, most NextGen (NextGen includes both the Millennial and Gen Z generations) first-time homebuyers state the down payment as their biggest financial hurdle.[1] Coming up with a large amount of cash to put down can be overwhelming, but startin...

September 11th, 2020 5 Ways to Save for a Down Payment

Blog Image: The Little-known Mortgage That Doesn’t Require a Down Payment

The Little-known Mortgage That Doesn’t Require a Down Payment

A conventional mortgage loan requires a 20% down payment. If you are a first-time homebuyer however, saving up tens of thousands of dollars can seem like an impossible task. Of course, there are loan programs, like FHA mortgages, that allow for low down payments, but they often have stricter requirements. For some of those programs, you may have to pay higher interest rates, have better credit scores, or pay higher mortgage insurance fees.  Fortunately, there is a little-known mortgage loan that requires no down payment and minimal fees: the USDA loan. USDA Loan Defined These are mo...

September 9th, 2020 | Government Loans, USDA Loans, The Little-known Mortgage That Doesn’t Require a Down Payment