Cory Thompson

Mid America Mortgage, Inc.

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CORY THOMPSON
NMLS ID 225056 • Located in Texas
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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

Cory Thompson September 12, 2024

What Borrowers Need to Know About Mortgage Rate Locks

When it comes to securing a mortgage, timing is everything–especially when it comes to locking in an interest rate. Mortgage rates can fluctuate daily, and even a small change can have a significant impact on your monthly payments and the total cost of your loan. To protect yourself from rising interest rates while you’re in the process of buying a home or refinancing, you can use a mortgage rate lock.

Filed Under: Mortgage Rates Tagged With: Mortgage Lending, Mortgage Loans, Mortgage Rate Locks

Cory Thompson September 11, 2024

How to Handle Mortgage Payment Hardships

Life can be unpredictable, and financial difficulties can arise when least expected. Whether due to job loss, medical expenses, or unforeseen circumstances, falling behind on mortgage payments can be a stressful experience for homeowners. This guide will help you understand the steps to take if you’re struggling to keep up with your mortgage payments.

Filed Under: Home Mortgages Tagged With: Financial Hardship, Mortgage Forbearance, Mortgage Help

Cory Thompson September 10, 2024

The Difference Between Mortgage Prepayment and Payoff

As a homeowner or prospective buyer, understanding the intricacies of mortgage management can save you time, stress, and potentially thousands of dollars. Two key concepts that often confuse borrowers are mortgage prepayment and mortgage payoff. While both strategies can reduce the overall interest paid and shorten the loan term, they function differently. Let’s break down what each term means and how they can affect your mortgage journey.

Filed Under: Mortgage Tagged With: Financial Planning, Home Ownership, Mortgage Tips

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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

  • The Psychology of Homebuying and Emotions vs. Financial Logic
  • How to Finance Energy-Efficient Home Improvements with a Mortgage
  • What’s Ahead For Mortgage Rates This Week – July 7th, 2025
  • Reflecting on the Meaning of Independence Day

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