Cory Thompson

Mid America Mortgage, Inc.

 

Unlocking Government Grants for Home Renovations and Improvements

Home renovations can be a significant financial undertaking, but government grants and assistance programs can help offset costs for eligible homeowners. These grants are designed to promote energy efficiency, accessibility, and overall home safety. Understanding the available options and how to qualify can make a substantial difference in financing your home improvement projects.

How Child Support and Alimony Payments Affect Mortgage Qualification

When applying for a mortgage, lenders carefully assess your income and debt to determine your ability to repay the loan. If you receive or pay child support or alimony, these payments can significantly impact your mortgage qualification. Understanding how they factor into your debt-to-income (DTI) ratio, income calculation, and overall loan approval process can help you better prepare for home financing.

The Pros and Cons of Using Gift Funds for Down Payments

For many homebuyers, especially first-time buyers, saving for a down payment can be one of the biggest hurdles to homeownership. Fortunately, gift funds, money given by family members, close relative, or even an employer can help bridge the financial gap. While using gift funds can make homeownership more attainable, there are important benefits and potential drawbacks to consider before relying on them.

What’s Ahead For Mortgage Rates This Week – April 21st, 2025

While the week had a significant absence of impactful data releases, there are still the notable U.S. retail figures numbers, as the turbulent tariff policies that have been announced have sent shockwaves across many industries. This time the U.S. retail sales have seen a significant jump as consumers try to get ahead of the tariff policies, although it is suspected that the subsequent data will show a significant curtailing of purchasing power by consumers. This restraint in the future is what has most analysts concerned about the future in addition to inflation rising as a result of the tariff policies.

Recent Posts

Equal Housing Lender

© 2024 Legend Lending Corporation NMLS 229421 | Texas Recovery Fund Notice  | NMLS Consumer Access | Privacy Notice | Legal | Licensing

Our Location


Legend Lending
17047 El Camino Real Ste 150
Houston, TX 77058