Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson January 8, 2024

What’s Ahead For Mortgage Rates This Week – January 8th, 2024

With the first FOMC minutes of the year, it sets the tone of the potential moves the Federal Reserve will make, with them remaining firm in their current stance of not employing any rate cuts, however given the more recent end of year reports, there is a likelihood that rate cuts will start this year. The last change in rates was in July of last year. The second most important report also being the final PMI (Manufacturing) numbers, which has largely met expectations without any irregularities.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

Cory Thompson January 5, 2024

Understanding, Avoiding, and Mitigating Early Mortgage Repayment Fees

Mortgage prepayment penalties are fees charged by lenders when borrowers pay off their mortgages before the agreed-upon term. These penalties are designed to compensate lenders for potential lost interest income and can significantly impact borrowers who want to pay off their mortgages early.

Filed Under: Mortgage Tagged With: Mortgage, Mortgage Fees, Penalties

Cory Thompson January 4, 2024

15-Year vs. 30-Year Loans Compared

Choosing the right mortgage term is a critical decision when purchasing a home. The two most common options are 15-year and 30-year mortgage terms. Let’s compare the advantages and disadvantages of each to help you make an informed decision:

Filed Under: Mortgage Tagged With: 15-Year, Loan Options, Mortgage

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Cory Thompson

Cory Thompson


Mortgage Loan Originator
Mobile 832.347.1855
Office 281.218.0505

NMLS ID 225056

Legend Lending

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Recent Posts

  • How Property Taxes Impact Your Mortgage Payment
  • The Impact of Inflation on Mortgage Rates and Home Affordability
  • How to Pay Off Your Mortgage 10 Years Early Without Extra Payments
  • Will Multiple Mortgage Applications Hurt Your Credit Score?

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Houston, TX 77058

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