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Ali Klein

NMLS ID 41552

757-925-1333 aklein@tidewaterhomefunding.com

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Blog Image: Should I Pay Mortgage Taxes and Insurance on My Own?

Should I Pay Mortgage Taxes and Insurance on My Own?

When you buy a home or refinance, your lender will talk about setting up an “escrow” account. They may also refer to the charges in that account at “impounds.” If you are new to mortgage loans, you may not understand what these terms mean. And even if you’ve been around the mortgage block a few times, you may wonder if you’d be better off handling the impounds yourself. What are Escrow Accounts and Impounds?  Escrow is a third party-managed account that collects money for your property taxes and homeowner insurance, paying them off when the bills ...

December 30th, 2020 | Mortgage Advice, Should I Pay Mortgage Taxes and Insurance on My Own?

Blog Image: Merry Christmas and Happy New Year

Merry Christmas and Happy New Year

All of us at Farmers Bank Home Mortgage would like to wish you a Merry Christmas and a Happy New Year! We hope that 2021 is a year full of happiness, health and prosperity for you and your loved ones. All the Best, Farmers Bank Home Mortgage

December 23rd, 2020 | Refinancing a Home, Credit, Home Equity, Merry Christmas and Happy New Year

Blog Image: Getting Ready for Homebuying in 2021

Getting Ready for Homebuying in 2021

As we head into the new year, you might be thinking about buying a new home at some point in 2021. And with interest rates still at historic lows, the time is still right to jump at the opportunity. Keep in mind that, to qualify for a mortgage, your credit profile still matters. Use the tips below to strengthen your credit profile and pave the way for a great year ahead. Guard Your Credit Score Like a Hawk Lenders want to see you have a solid history of paying debt on time and in a consistent way. That’s why they refer to a credit report. It is important to note that when buying...

December 22nd, 2020 Getting Ready for Homebuying in 2021

Blog Image: Questions to Ask Your Mortgage Lender

Questions to Ask Your Mortgage Lender

Buying a home or refinancing usually involves taking out the biggest loan of your life. It's important to make sure you understand everything that goes into that mortgage and what will be required of you as a borrower. Here are the most essential questions to ask your lender before you sign on the dotted line. What types of mortgage loans are available? There are dozens of mortgage types out there: conventional or government-backed (FHA, VA, and USDA), fixed-rate or adjustable-rate, jumbo, reverse, etc. Ask your lender to explain your options and which ones would be a good fit for ...

December 16th, 2020 | Mortgage, Conventional Loans, Questions to Ask Your Mortgage Lender

Blog Image: Looking Forward to 2021: Setting a Budget and Reevaluating Your Finances

Looking Forward to 2021: Setting a Budget and Reevaluating Your Finances

We can all agree that 2020 was a crazy year. Luckily, with every new year comes the opportunity to improve, and there’s no better place to focus your efforts than on finances. By setting a budget for the new year and planning fresh financial goals, you can ensure your success. Let’s talk about what your new budget entails, and exactly how you can plan out your year to meet all of those exciting 2021 goals. Assess the Last Year Before you can improve your finances, it’s important to first figure out where you stand. More specifically, you’ll want to evaluate jus...

December 11th, 2020 Looking Forward to 2021: Setting a Budget and Reevaluating Your Finances

Blog Image: Is My Credit Score Good Enough for a Mortgage?

Is My Credit Score Good Enough for a Mortgage?

With interest rates near all-time lows, now is a perfect time to get a good deal on a mortgage. Of course, every refinance or home purchase loan has borrower requirements to be met, including a decent credit score. How do you know if your credit score is good enough for a mortgage? What is a credit score? A credit score is a measure of your ability to handle financial debt responsibilities. It takes into account things like how often you have made payments on time, how large your total debt balance is, how many new credit accounts you have opened lately, what types of credit you have, an...

December 2nd, 2020 Is My Credit Score Good Enough for a Mortgage?