Millennials view the business world differently than other generations. They prefer to work for (and with) companies that have a social conscience. An article from USA TODAY drives home that point. Want to impress a young person? Prove your company is interested in giving back and making the community a better place. Sure, first-time homebuyers in Virginia Read more about Millennials Prefer Companies with a Social Conscience[…]
Young adults are extremely savvy with computers and know what to do with software, apps and online tools. That’s why I have found my Millennial and first-time homebuyers clients in Virginia Beach, Norfolk, and Chesapeake, like to crunch their own numbers and see the estimated cost breakdowns themselves. At Tidewater Home Funding, we let people Read more about Millennials Like to be Hands-On with the Homebuying Process[…]
Young adult homebuyers need the truth and nothing but the truth. First-time homebuyers in Virginia Beahc, Norfolk, and Chesapeake, don’t mind if you explain every aspect of the process (like this simple breakdown of how a mortgage works). In fact, they prefer it. And don’t be surprised when they come with a list of questions they researched online. Believe Read more about Millennials Want Transparency in the Homebuying Process[…]
I know the mortgage process is confusing, especially for first-time homebuyers. So I think it’s helpful to clearly explain the mortgage process in Virginia Beach, Norfolk, and Chesapeake. Step 1: Pre-Approval/Application — Before you can obtain a home loan, you must be approved for one. Pre-approval is often the first meeting with a lender. Before you go, Read more about The Simplest Explanation of the Mortgage Process[…]
Front-End Ratio: Compares housing expenses to gross monthly income. Housing expenses include principle, interest, taxes and insurance. A good rule of thumb: the ratio should be 28%* or below. Housing expenses may include homeowners association fees, development taxes, homeowners insurance, flood insurance and mortgage insurance. Does not include: electric bill, cable or wifi. For example: homebuyers in Virginia Beach, Norfolk and Chesapeake, should consider housing expenses when Read more about Complicated Terms, Simple Definitions: Front and Back-End Ratios[…]