Cory Thompson - Mid America Mortgage, Inc.

Cory Thompson October 3, 2023

4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account

Buying a home involves a variety of nuances and strange-sounding terms, and one of the least understood aspects of the home buying process is the escrow account. Essentially, an escrow account is a third party bank account your lender can require you to pay into in order to cover certain costs related to your home. Your lender uses an escrow account to ensure that property taxes and home insurance fees get paid on time.

Cory Thompson October 2, 2023

What’s Ahead For Mortgage Rates This Week – October 2, 2023

Next week, the unemployment data is going to be released, as initial jobless numbers are going to come in. This is a key indicator because rising interest rates generally lead to more layoffs, which could jeopardize the Fed’s goal of a soft landing.

Cory Thompson September 28, 2023

A Quick Look at Reverse Mortgages: The Golden Ticket to Enjoying Your Golden Years

With a high volume of millennials set to enter the real estate market this year, it may seem like all the available options out there were created to snag new home buyers. However, there are products available on the market that cater to those who are in their golden years too. If you’re older than 62 and are currently weighing the options with your mortgage, here are the basics on reverse mortgages and why they might positively benefit you.

Cory Thompson September 27, 2023

Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

Buying a home is one of the largest investments you will make in your life, and that’s why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here’s why an extended loan term can end up costing you more and may be less financially beneficial when it comes right down to it.

4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account

What’s Ahead For Mortgage Rates This Week – October 2, 2023

A Quick Look at Reverse Mortgages: The Golden Ticket to Enjoying Your Golden Years

Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

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