Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson September 26, 2023

What Does Contingent Mean on a House Sale

In the context of a house sale, “contingent” typically means that the sale of the house is dependent on certain conditions being met. These conditions could include things like the buyer securing financing, the completion of a home inspection, or the sale of the buyer’s current home.

Filed Under: Home Buyer Tips Tagged With: Appraisal, Contingent, Mortgage Tips

Cory Thompson September 20, 2023

Looking to Pay Back Your Mortgage Faster? Three Reasons to Consider Switching to Bi-weekly Payments

What are some of the reasons why it may be beneficial to make two payments a month instead of one? Here are three reasons why you should ditch the monthly fees and make payments once every two weeks.

Filed Under: Home Mortgage Tips Tagged With: Mortgage Repayment, Mortgage Tips, Mortgages

Cory Thompson August 16, 2023

Avoiding Becoming House Poor: A Path to Financial Security and Balance

As the housing market continues to evolve, it becomes increasingly crucial for aspiring homeowners to tread carefully and avoid falling into the trap of being house poor. The dream of owning a home should not come at the expense of financial stability and overall well-being. Here are some essential tips to steer clear of this precarious situation:

Filed Under: Mortgage Tips Tagged With: Finance's, House Poor, Mortgage Tips

Cory Thompson July 26, 2023

Selling a House “As-Is”: Pros, Cons, and Considerations

Selling a house as-is can be a viable option for homeowners looking for convenience and cost savings. However, it’s crucial to carefully consider the potential drawbacks, such as a lower sale price and limited buyer pool. Assessing the property’s condition, seeking professional advice, and evaluating the financial implications are essential steps in deciding whether selling a house as-is is the right choice for you.

Filed Under: Selling Your Home Tagged With: As-Is, Mortgage Tips, Selling Home

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Cory Thompson

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Mobile 832.347.1855

Office 281.218.0505

NMLS ID 225056
Legend Home Lending

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Recent Posts

  • 4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account
  • What’s Ahead For Mortgage Rates This Week – October 2, 2023
  • A Quick Look at Reverse Mortgages: The Golden Ticket to Enjoying Your Golden Years
  • Understanding Mortgage Amortizations and Why Longer Periods Can Cost More
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