Cory Thompson - Mid America Mortgage, Inc.

Cory Thompson November 9, 2023 Leave a Comment

Mortgage Rate Locks: When and How to Secure a Favorable Rate

Securing a mortgage to purchase your dream home is a significant financial decision. One of the essential aspects of this process is locking in a favorable mortgage rate. A mortgage rate lock ensures that the interest rate on your loan remains the same for a specified period, protecting you from potential rate fluctuations. We will […]

Cory Thompson November 8, 2023 Leave a Comment

Understanding Assumable Mortgage Loans

Mortgage loans are an essential aspect of financing the purchase of a property. Among the various types of mortgages available, one option that may be advantageous for both buyers and sellers is an assumable mortgage loan. An assumable mortgage loan is a type of home loan agreement that allows a homebuyer to assume the existing […]

Cory Thompson November 7, 2023 Leave a Comment

The Role of A Down Payment: How Much Should I Save?

Buying a home, a car, or any significant investment often involves making a down payment. The down payment is a crucial part of the purchasing process, as it can impact your loan terms, interest rates, and monthly payments. But how much should you save for a down payment, and why is it so important? Understanding […]

Cory Thompson November 6, 2023 Leave a Comment

What’s Ahead For Mortgage Rates This Week – November 6, 2023

The most important data of the quarter was released, signaling the direction for many markets and where economic policy may be headed. Jerome Powell as well as other members of the Federal Reserve spoke about the state of economic policy, informing many parties about their decisions to remain hawkish or dovish in their approach. Further […]

Mortgage Rate Locks: When and How to Secure a Favorable Rate

Understanding Assumable Mortgage Loans

The Role of A Down Payment: How Much Should I Save?

What’s Ahead For Mortgage Rates This Week – November 6, 2023

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