Posts Tagged finances

The Components of a Mortgage Payment

Ever since the 1930s, when the modern mortgage came into existence, most home buyers have relied on long term financing to pay for their purchase. The mortgage is paid over the course of many years, typically 15-30, and therefore the payments are broken down by month. However, in a conventional mortgage, each monthly payment does not go directly toward the mortgage principal. Interest, insurance and taxes are also usually included in the overall cost of the loan, so a portion of each payment must go toward each of these components.

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How much of your monthly income should you spend on a mortgage?

Getting a mortgage is the most common way people purchase homes today. After all, most of us don’t have hundreds of thousands of dollars at our disposal. Instead, mortgages allow us to buy a home we love and repay the loan over time. But how much of a mortgage do you need? And what sort of payments can you realistically afford? The answers to these questions will depend on your income.

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4 Ways to Spring Clean Your Finances

Piggy bank savings

Spring is right around the corner! What better time to clear out clutter, spruce up the yard and organize your life? And, if you really want to do a little spring cleaning where it will really make a difference, why not use this time to spiff up your finances? In this post, we’ll go over a few helpful hints for spring cleaning your personal finances and help you develop good money management habits. Let’s get started!

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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
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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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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.

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