Monthly archive for October 2014

Dream of owning a home is still alive with Millennials

The dream of owning a home is probably one of the most common goals for any American. But the growing issues involving student loan debt, stagnant wages and tight real estate inventory have made it tough for some people to jump into the home buying market. Unfortunately, the millennial generation – those who reached young adulthood around the year 2000 – has been hard hit by these economic setbacks and it has had an effect on their ability to become home buyers. Fortunately, Millennials are still holding on to their dreams of owning a home. In fact, when surveyed by

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Personal income and spending rise in the U.S.

calculator and chart

As incomes continued to rise across the U.S., American consumers were able to spend more in August, signaling better economic conditions and higher consumer confidence. According to information from The Commerce Department, consumer spending rose 0.5 percent in August – even after adjusting for inflation – after being unchanged in July. A Reuters poll predicted a 0.4 percent gain, so this growth is slightly higher than anticipated. Where did the growth come from? According to Reuters, the increase in spending came from a decrease in the personal saving rate, which fell to 5.4 percent from 5.6 percent. Personal income also

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How Mortgage Rate Locks Work

house key

When you apply for a mortgage, your lender will offer what’s known as a rate lock (sometimes called a lock-in) in which they promise to hold your quoted interest rate for a specified period of time. Mortgage rate locks are beneficial because as interest rates can change from day to day, a mortgage applicant with a rate lock can rest assured that the rate they were quoted will remain available for them for a certain period of time. How long do mortgage rate locks last? Rate locks are intended to keep your interest rate and points from changing during the

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Our Brands

The various mortgage brands run by Mid America Mortgage, Inc.

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Company Headquarters:
Mid America Mortgage, Inc.
15301 Spectrum Drive, Suite 405
Addison, TX 75001
Phone: 214-261-3300
Toll Free: 866-544-7013
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Wholesale Division
550 Warrenville Rd
Lisle, IL 60532
Phone: 630-796-6092
Toll Free: 855-528-4572

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