Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson April 30, 2025

Should You Use a 401(k) for a Down Payment?

Buying a home is a major financial milestone, and saving for a down payment can be one of the biggest challenges. If you’re struggling to gather the necessary funds, you might be considering using your 401(k) retirement savings to cover the cost. While this option is available, it’s essential to weigh the potential benefits and risks before making a decision.

Filed Under: Mortgage Tips Tagged With: 401k Loans, Down Payment, Mortgages

Cory Thompson April 9, 2024

3 Considerations When Making A Down Payment

When considering the journey of purchasing a new home, one of the fundamental decisions you’ll encounter revolves around determining the appropriate amount of money to allocate for your down payment. It’s a decision-making process that involves weighing the benefits of opting for a larger down payment against the potential advantages of utilizing some of those funds to purchase “discount points,” thereby reducing your interest rate.

Filed Under: Mortgage Tagged With: Down Payment, Mortgage, Purchasing Home

Cory Thompson March 26, 2024

Navigating Down Payment Options: Your Guide to Homeownership

So, you’ve decided to take the plunge into homeownership – congratulations! One of the most critical aspects of buying a home is figuring out your down payment. It’s a significant financial commitment that can shape your home-buying journey.

Filed Under: Mortgage Tagged With: Down Payment, Down Payment Assistance Programs, Mortgage

Cory Thompson January 19, 2024

Exploring Down Payment Options and Their Impact on Mortgage Terms

Embarking on the journey of homeownership is an exciting and significant step in one’s life. One crucial aspect of this process is the down payment, which can greatly influence the terms of your mortgage.

Filed Under: Mortgage Tagged With: Down Payment, Mortgage, Mortgage Terms

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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

  • What’s Ahead For Mortgage Rates This Week – May 27th, 2025
  • Honoring Our Heroes and Celebrating the Meaning of Home
  • How Much Down Payment Do You Need for a Mortgage When Buying a Home?
  • What To Do When Your Mortgage Loan is Declined

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