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Ali Klein

NMLS ID 41552

757-925-1333 aklein@tidewaterhomefunding.com

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Blog Image: Financing a Home Renovation: When Is It Worth It?

Financing a Home Renovation: When Is It Worth It?

The rise of TV shows like Fixer Upper and Flip or Flop have many homeowners and potential buyers considering renovation as an option to generate value and equity in their home. DIY projects can be exciting, but do they really add value to the home? How do you know when it makes sense to put the sweat and financial equity back into the home? Understanding how the process works, when to update, and how to fund can be the difference between pretty aesthetics with no value and an equity increase through renovation. What is A HELOC? A HELOC is a Home Equity Line of Credit that allows borrower...

January 29th, 2021 Financing a Home Renovation: When Is It Worth It?

Blog Image: Federal Home Loan Grant Now Extended to Essential Workers During COVID

Federal Home Loan Grant Now Extended to Essential Workers During COVID

As we roll into the new year, it’s important to discuss several grant options that now have enhanced perks and greater accessibility for future homeowners. The grant options come from the Federal Home Loan Bank (FHLB). Previously, FHLB made the grant available to first-time homebuyers, civil servants or current/retired military. Now, the program is open to “essential workers” during COVID. Who is an “essential worker”? The term applies to a variety of occupations like medical professionals, food manufacturers, transportation workers, people in the legal worl...

January 29th, 2021 Federal Home Loan Grant Now Extended to Essential Workers During COVID

Blog Image: 6 Tips for Saving a Down Payment as a Renter

6 Tips for Saving a Down Payment as a Renter

Homeownership is the American Dream, and yet with house prices on the rise, it can sometimes feel unattainable if you’re still trying to make a rent payment each month. The average U.S. rent for a two-bedroom apartment as of June 2020 was $1,917, according to Rent.com, an increase of $39 over 2019. While that may not seem like a huge jump, it does make it harder to save for buying a house, especially when average home prices have risen 15% in roughly the same time, according to the National Association of Realtors. Even with increasing prices, it is possible to save for that firs...

January 27th, 2021 | First-time Homebuyers, Purchasing a Home, 6 Tips for Saving a Down Payment as a Renter

Blog Image: Homebuyer Guide

Homebuyer Guide

Congratulations on your decision to buy a new home! This is a big step, and we're glad we can be here to help you with this important life change. We've compiled this 10 step guide to help you with this journey where we break down the barriers that complicate the home buying process helping to bridge the gap between education and homeownership.  GET THE GUIDE

January 26th, 2021 Homebuyer Guide

Blog Image: Homeownership Fees to Consider When Buying a Home

Homeownership Fees to Consider When Buying a Home

Purchasing a home is an extremely exciting, yet daunting task for any buyer. Searching for a home, finding a loan officer, choosing a real estate agent and closing on the home are all a part of the process of purchasing. These steps and processes are commonly known among most home buyers, but some fees often are ignored when choosing a home: homeownership maintenance expenses and Homeowners Association (HOA) fees. Find out why HOAs must be considered when choosing a home and how families can integrate these fees into their monthly budget. What is a Homeowners Association? When you pur...

January 15th, 2021 Homeownership Fees to Consider When Buying a Home

Blog Image: 4 Predictions for the 2021 Mortgage Market

4 Predictions for the 2021 Mortgage Market

The 2020 housing market surprised everyone by quickly bouncing back after slumping during the first few months of the coronavirus pandemic. What might the coming year hold as the country continues to fight its way through this crisis? The experts at the National Association of Real Estate Editors conference last week made these four predictions for the mortgage world in 2021. Mortgage Rates Will Rise from Record Lows As the COVID crisis eases and the economy improves, long-term mortgage interest rates (which hit multiple historic lows this year) will begin to rise. Averaging 3.0% in 20...

January 13th, 2021 4 Predictions for the 2021 Mortgage Market