Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson January 29, 2016

Video: What Is “Prime”?

What Is Prime? The Prime Lending Rate – sometimes just called “Prime” – is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – are set in relation to Prime.

Filed Under: Mortagage Tips Tagged With: Mortgage Tips, Video

Cory Thompson January 14, 2016

Who Is Exempt From The VA Funding Fee?

Who is NOT required to pay the VA funding fee? This video could save some veterans thousands. VA loan applicants pay a funding fee – as of 2014, 2.15% of the total loan amount – which can be thousands of dollars. Some veterans and spouses are eligible for exemption.

Filed Under: Mortagage Tips Tagged With: Mortgage Tips, VA Loans, Video

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

  • Explaining Mortgage Options for Self-Employed Borrowers with Irregular Income
  • 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

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Houston, TX 77058

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