Cory Thompson - Mid America Mortgage, Inc.

Cory Thompson May 18, 2023

What is a Bridge Loan and How Does it Work?

A bridge loan, also known as interim financing, is a short-term loan used to provide temporary financing until a borrower secures long-term financing or sells an asset. Bridge loans are commonly used in real estate transactions, such as when a buyer needs to close on a new home before selling their current home.

Cory Thompson May 17, 2023

What You Need To Know About Your Home Appraisal And Your Mortgage

When buying a home, there are certain steps a buyer should go through before the home sale is official. First the buyer makes the offer, then the offer is accepted.

Cory Thompson May 16, 2023

Buying A Home With Cash Versus Low Interest Rate Mortgages

When deciding whether to buy a home with cash or to obtain a low-interest-rate mortgage, there are several factors to consider. A cash offer can be very competitive in a real estate market, as it can give the buyer a significant advantage over buyers who need to obtain financing through a mortgage.

Cory Thompson May 15, 2023

What’s Ahead For Mortgage Rates This Week – May 15, 2023

The U.S. Labor Department reported the month-to-month pace of inflation rose by 0.40 percent in April and matched analysts’ expectations. April’s reading surpassed the March reading of 0.10 percent month-to-month inflationary growth. Inflation rose by 4.90 percent year-over-year in April. Analysts expect inflationary growth to continue, but at a slower pace through 2023.

What is a Bridge Loan and How Does it Work?

What You Need To Know About Your Home Appraisal And Your Mortgage

Buying A Home With Cash Versus Low Interest Rate Mortgages

What’s Ahead For Mortgage Rates This Week – May 15, 2023

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