Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson December 6, 2023

You Ask, We Answer: What Are the Pros and Cons of Private Mortgage Insurance?

It’s easy to get Private Mortgage Insurance (PMI) confused with homeowners’ insurance, but PMI is an entirely different thing that may or may not be necessary when it comes to your home purchase. If you’re going to be investing in a home in the near future and are wondering what PMI may mean for you, here are some things to consider regarding this type of insurance.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Insurance

Cory Thompson October 24, 2023 Leave a Comment

Reasons You Need an Insurance Binder and How to Get One

When a borrower applies for a mortgage loan, the lender typically requires proof of insurance coverage before they approve the loan. An insurance binder is a document issued by the insurance company that provides temporary proof of insurance coverage until the official insurance policy is issued. The insurance binder for mortgage loans will typically include […]

Filed Under: Mortgage Tagged With: Insurance Binder, Mortgage Insurance, Premiums

Cory Thompson July 27, 2022

The Top Questions To Ask A Mortgage Lender

With many people interested in taking out a home loan, it is critical for potential homeowners to think carefully about which loan structure is right for them.

Filed Under: Mortgage Tagged With: Credit Score, Mortgage, Mortgage Insurance

Cory Thompson December 29, 2021

Do You Need Mortgage Insurance Even If It’s Not Required By Your Lender? Let’s Take A Look

Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be needed, even if it’s not typically required by your lender.

Filed Under: Home Buyer Tips Tagged With: Mortgage, Mortgage Insurance, Mortgage Loans

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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 Impact of Rental Income on Mortgage Qualification
  • The Impact of Homeowners Associations (HOAs) on Mortgage Approval
  • The Benefits of Online Mortgage Calculators for Borrowers
  • What’s Ahead For Mortgage Rates This Week – May 5th, 2025

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17047 El Camino Real Ste 150
Houston, TX 77058

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