Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson August 13, 2025

The Benefits of Paying Points on Your Mortgage

When you take out a mortgage, you may be given the option to pay points in exchange for a lower interest rate. A mortgage point, also known as a discount point, is equal to 1% of the loan amount. For example, if you re financing $200,000, one point would cost $2,000. While paying points means you ll pay more upfront, it can offer long-term savings. Understanding the benefits of paying points on your mortgage can help you decide if it’s the right move for you.

Filed Under: Mortgage Tips Tagged With: Home Loans, Mortgage Points, Mortgage Tips

Cory Thompson August 12, 2025

Cash-Out Refinance vs. Rate-and-Term Refinance: Which One Is Right for You?

When considering refinancing your mortgage, two main options often come to the forefront: Cash-Out Refinance and Rate-and-Term Refinance. Both allow you to change the terms of your mortgage, but they serve different purposes and have distinct advantages. Understanding the differences between these two refinancing options is crucial to making an informed decision that best aligns with your financial goals.

Filed Under: Mortgage Tips Tagged With: Home Loans, Mortgage Refinance, Refinancing Options

Cory Thompson August 8, 2025

Why Retirees Are Taking Out Mortgages on Purpose

For generations, the goal was simple, pay off your mortgage before retirement and enjoy your golden years debt-free. But today’s retirees are changing the conversation. More and more, homeowners in or near retirement are choosing to take out a mortgage on purpose, not out of necessity. And for many, it is a smart financial move.

Filed Under: Mortgage Tips Tagged With: Mortgage In Retirement, Retirement Mortgage, Smart Retirement Planning

Cory Thompson August 7, 2025

Your Mortgage Timeline, Backward

For many homebuyers, the mortgage process feels like a maze. You know you want to own a home, but the path to get there can feel confusing. So let us try something different. Instead of walking forward through the process, let us walk backward, starting from the moment you get the keys and working our way to where you are now.

Filed Under: Mortgage Tips Tagged With: Closing Day Countdown, Home Loan Steps, Mortgage Timeline

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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

  • Artificial Intelligence and the Future of Mortgage Decisions
  • How Emotions Shape Your Mortgage Decisions
  • Is Homeownership Still the American Dream?
  • Mortgages for Remote Workers Who Want Dual Residences

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