by Michael Cooksey | July 26, 2017 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market | 0 Comments

Did you know that not since 1965 has there been as many renters as we have in the U.S. today? With so many people renting their homes, it’s not surprising that more people are considering purchasing rental property as an investment. If you’re considering purchasing a...

by Michael Cooksey | July 22, 2017 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market | 0 Comments

Thinking of buying a home this year? There’s good news on the horizon for prospective home buyers, as Fannie Mae announces plans to make it easier for some borrowers to get a mortgage. Fannie Mae plans to raise its allowable debt-to-income ratio (DTI) from 45% to 50%...

by Michael Cooksey | July 20, 2017 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market | 0 Comments

Builder sentiment in the market for newly-built single-family homes slipped two points this month to a level of 64 from a downwardly revised June reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite remaining well over...

by Michael Cooksey | July 18, 2017 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market | 0 Comments

Refinancing your mortgage can be a great way to reduce your monthly payment. However, refinancing is generally thought to set the homeowner back and “restart” the mortgage, so-to-speak. This can be less than ideal for borrowers who want to own their homes outright....