Mid America Mortgage Blog

Tips for Saving Up for a Down Payment on a Home

100-dollar bills in cash

Saving up for a down payment on a home can be a challenge, especially in today’s economic climate where wages aren’t increasing at the same rate as rental prices. However, there are a few saving strategies that can help. In today’s post we’ll look at a few of those strategies and offer practical tips on how to grow your savings enough to make sizable down payment. How much do I need for a down payment? For most buyers in today’s market, financing the purchase of a home through a mortgage is the only feasible way to obtain homeownership. According to

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Forbes Profiles Click n’ Close Partnership with Bubba Wallace

Forbes reports on the early success of the Click n’ Close brand sponsorship with rising star Bubba Wallace, noting: Jeff Bode, the owner and CEO of Mid America, said there was a 900% increase in website traffic in the two weeks before the race. He said that website traffic hit a high during the Daytona 500 and that the company topped its expectations for Google searches. Click here for the full story.    

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2.5 Million Homes Still in Negative Equity at End of Q4 2017

small house sinking in water

Homeowners got a pretty good boost in home equity in 2017, but despite the overall improvement, millions of homeowners still struggle with owing more on their loans than their homes are worth. Negative equity, the state of owning a home that is worth less than what is owed on the mortgage, affected 2.5 million homeowners at the end of 2017. There’s good news, though. The number of homeowners with negative equity is dropping, and it appears to be dropping steadily.

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