Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson March 5, 2024

Maximizing Your Profits: A Guide to Utilizing Construction Loans for Fix-and-Flip Projects

Fix-and-flip projects can be lucrative endeavors for real estate investors, but they often require a significant upfront investment. One key financial tool that savvy investors use to fund these projects is a construction loan. We will examine how you can leverage construction loans to maximize your profits in the fix-and-flip game.

Filed Under: Mortgage Tips Tagged With: Constrcution Loans, Mortgage Options, Renovation

Cory Thompson November 16, 2023

Comparing Temporary and Permanent Mortgage Buydowns

t’s important to note that while a temporary buydown can lower monthly payments during the buydown period, it does not reduce the total amount of interest paid over the life of the loan. In fact, the total interest paid over the life of the loan may be higher due to the upfront fee paid to fund the buydown.

Filed Under: Mortgage Tips Tagged With: Mortgage, Mortgage Buydowns, Mortgage Options

Cory Thompson October 26, 2023 Leave a Comment

What Are The Pros And Cons Of ‘No-Deposit’ Mortgage Deals For First-Time Buyers?

“No-deposit” mortgage deals for first-time buyers refer to mortgage options that allow buyers to purchase a home without having to put down a deposit or a down payment. Here are the pros and cons of such deals: Pros: Lower upfront costs: The most significant advantage of a no-deposit mortgage is that it eliminates the need […]

Filed Under: Home Financing Tips Tagged With: Applying For A Mortgage, Mortgage Options, No Money Down

Cory Thompson October 25, 2023 Leave a Comment

What is a Closed-End Second Mortgage?

A closed-end second mortgage is a type of loan that allows a borrower to obtain a lump sum of money using their home as collateral. It is considered a “second” mortgage because it is taken out in addition to the borrower’s primary mortgage. The term “closed-end” refers to the fact that the loan has a […]

Filed Under: Home Mortgages Tagged With: Closed End Mortgage, Mortgage Options, Second Mortgage

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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

  • How to Buy a Home if You Are Relocating for Work
  • How Parenthood Changes Mortgage Needs and Housing Priorities
  • What’s Ahead For Mortgage Rates This Week – October 20th, 2025
  • The Role of Credit Inquiries in Mortgage Approval

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