Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson September 27, 2024

VA vs FHA vs USDA What’s the Difference?

You may have more options than you think when it comes to securing a mortgage for your new home. While many buyers opt for conventional financing, another option or program might be a better choice for you, depending on your personal and financial situation. Learning more about FHA, USDA, and VA loans ensures you get the best possible deal for your mortgage and that you secure the loan that you need for your new home. Here’s what you need to know about these useful mortgage options.

Filed Under: Mortgage Tagged With: Loan Options, Mortgage, VA Loans

Cory Thompson September 26, 2024

An Overview Of Umbrella Insurance: How It Works

Accidents can happen from time to time, which is why it is important for people to have insurance. While you might be able to fix some accidents on your own, others can lead to a significant amount of financial stress.

Filed Under: Mortgage Tagged With: Mortgage, Protecting Your Assets, Umbrella Insurance

Cory Thompson September 19, 2024

The Impact of Interest Rate Changes on Your Mortgage Payment Over Time

When it comes to mortgages, interest rates play a crucial role in determining your monthly payments and the total cost of your loan. While fixed-rate mortgages offer stable payments, adjustable-rate mortgages (ARMs) can fluctuate with market conditions, leading to significant variations in your financial obligations over time.

Filed Under: Mortgage Tagged With: Adjustable Rate Mortgage, Interest Rates, Mortgage Rates

Cory Thompson September 13, 2024

Understanding Cross-Collateralization in Mortgage Lending

In the world of mortgage lending, borrowers may come across a variety of terms and concepts that can be confusing. One such concept is cross-collateralization. While not as common as traditional single-property mortgages, cross-collateralization can be a powerful financial tool in certain situations. However, it also comes with unique risks that borrowers should understand. This article will explain what cross-collateralization is, how it works, and when it might be used in mortgage lending.

Filed Under: Mortgage Tagged With: Cross Collateralization , Mortgage Lending, Real Estate Investing

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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

  • Explaining Mortgage Options for Self-Employed Borrowers with Irregular Income
  • The Impact of Rental Income on Mortgage Qualification
  • The Impact of Homeowners Associations (HOAs) on Mortgage Approval
  • The Benefits of Online Mortgage Calculators for Borrowers

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17047 El Camino Real Ste 150
Houston, TX 77058

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