Mid America Mortgage Blog

What is a Mortgage Escrow Account and Why is it Needed?

fanned stack of 100 dollar bills

When you buy a home using a mortgage, an escrow account is usually set up by your lender in order to help manage your property tax and insurance costs. Rather than having to save up and pay these bills separately, part of your mortgage payment is deposited into the escrow account every month. When your insurance premiums and taxes are due, they can be paid via the escrow account. Normally, your lender will use the funds in the escrow account to pay these bills on your behalf.

Read more

Remodeling Confidence Remains Strong in Third Quarter

home builder constructing a wooden frame

More home remodelers are reporting an increase in market activity, as the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 58 in the third quarter of 2018. This continues the trend of the RMI consistently posting readings above 50 and remains stable from the previous quarter.

Read more

Existing-Home Sales Slip in September

The sales of existing homes fell in September, after remaining almost completely flat the month prior. However, the level of existing-home inventory held its annual gain, reflecting a slight improvement over September 2017. According to recent data released by the National Association of Realtors (NAR), closed transactions for existing single-family homes, townhouses, condos, and cooperative apartments was at a seasonally adjusted rate of 5.15 million in September. This reflects a 3.4 percent drop from both the July and August rates, both of which came in at 5.34 million units. The month-over-month decline in existing-home sales is not new; March was

Read more

Our Brands

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

Contact Us

Company Headquarters:
Mid America Mortgage, Inc.
15301 Spectrum Drive, Suite 405
Addison, TX 75001
Phone: 214-261-3300
Toll Free: 866-544-7013
Find a Branch Location
Make a Mortgage Payment

Wholesale Division
550 Warrenville Rd
Lisle, IL 60532
Phone: 630-796-6092
Toll Free: 855-528-4572

Join the TEAM

At Mid America Mortgage, Inc. we're always looking for talented mortgage professionals to join our growing team. We're an Equal Opportunity Employer offering a highly competitive compensation and benefits package.

Visit our CAREERS PAGE for more information. We're Hiring on ZipRecruiter