Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson May 7, 2025

The Impact of Homeowners Associations (HOAs) on Mortgage Approval

When purchasing a home in a community with a Homeowner’s Association (HOA), it’s important to understand how this organization can impact your mortgage approval. While HOAs provide benefits like maintaining neighborhood amenities and enforcing community standards, they also add financial obligations that lenders consider when evaluating your loan application.

Filed Under: Mortgage Tips Tagged With: HOAs, Mortgage Approval, Mortgages

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 29, 2025

What Percentage of Your Income Should Go Toward a Mortgage?

When buying a home, one of the most critical financial decisions is determining how much of your income should go toward your mortgage. Striking the right balance ensures that you can comfortably afford your home without stretching your budget too thin. Lenders use various guidelines to help buyers determine affordability, but personal financial goals and lifestyle should also factor into the decision.

Filed Under: Mortgage Tips Tagged With: DTI, Mortgage Payments, Mortgages

Cory Thompson April 2, 2025

Creative Ways to Use Mortgage Pre-Approval to Your Advantage

When shopping for a home, securing mortgage pre-approval is one of the most important steps you can take. Not only does it show sellers that you are a serious buyer, but it also gives you a clearer picture of your budget and financing options. However, many homebuyers do not realize that mortgage pre-approval can be leveraged in multiple ways to maximize their home search and negotiation power.

Filed Under: Mortgage Tips Tagged With: Home Buying Tips, Mortgage Pre Approval, Mortgages

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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

  • Artificial Intelligence and the Future of Mortgage Decisions
  • How Emotions Shape Your Mortgage Decisions
  • Is Homeownership Still the American Dream?
  • Mortgages for Remote Workers Who Want Dual Residences

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