Posts Tagged mortgage

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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Should you use your tax refund to pay down your mortgage?

100 dollar bill

If you’re expecting to receive a tax refund this year, you may be wondering about the best way to use it. If you’re a homeowner, you might have considered putting it toward your mortgage. After all, the faster you can pay down your mortgage balance, the faster you’re able to build equity. But is this really the best way to use your tax refund? The answer may be different for different people, and may depend on several different factors. We’ll explore some of those factors in this post. Before you decide to put your tax refund toward your mortgage, consider the

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Paying Off Your Mortgage Early – When It Makes Sense & When It Doesn’t

small house sitting on money

Just because you can afford to do it, doesn’t necessarily mean you should. That’s the idea behind most financial experts’ advice when it comes to paying off a mortgage early. After all, having a mortgage isn’t just about being stuck with debt – there are some benefits involved, too. In this post, we’ll go over two scenarios: when it makes sense to pay off your mortgage early, and when it doesn’t. Carefully consider the points below and talk to an experienced financial advisor or a trusted mortgage loan officer for more information.

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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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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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