We owe first responders a debt of gratitude for their terrific job during this disaster, so far saving thousands of stranded Americans. Special praise goes to many civilian volunteers risking their lives to rescue those in need, such as the Cajun Navy, a Louisiana-based group using recreational boats to transport flood victims to safety. In this sensitive time, Mid America Mortgage will be matching 100% of employee donations to the American Red Cross and Houston Food Bank up to $20,000 total. Other mortgage companies can consider a similar matching program to provide relief to our fellow Americans. Beyond donation matching, the mortgage
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Typically, a first time home buyer chooses a smaller, modest house or condo to begin building equity. After a few years and as their family grows, the homeowner cashes in on that equity and puts their home up for sale, using the proceeds as a down payment on a bigger, better home. At least, that’s always been the traditional timeline of events for your average American home buyer. But today, things are a little different. National home equity took an enormous hit during the Great Recession and some homeowners are still struggling to regain their lost home value. This led
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With fewer homes for sale in today’s real estate market, demand has helped push home prices higher and higher. In today’s post, we’ll take a look at housing affordability in the U.S. and explore how potential home buyers can navigate the challenges of the current market. The National Association of Home Builders (NAHB) reported in an August 10 press release that rising home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017. This conclusion was drawn from an evaluation of data from the NAHB/Wells Fargo Housing Opportunity Index
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