Archive for the Home Buying Category

Rent Growth Highest in 10 Months

By Mid America Mortgage on March 15, 2019 / Home Buying, Real Estate

Tags: housing news, real estate news, rent vs buy

Still think it’s cheaper to rent? According to recently released data from real estate analytics and listing firm, Zillow, rental prices in February accelerated at the fastest rate in 10 months. The company’s Real Estate Market Report found that February’s rent prices increased 2.4% compared to the same month last year. This significant gain caused the U.S. median rent price to $1,472. The median rent price in February 2018 was $1,438. Although the difference only amounts to an additional $34, this translates to more than $400/year in additional costs for the average renter. Zillow’s report revealed another interesting fact. Of

What’s the Difference Between a Lien, a Loan and a Mortgage?

By Mid America Mortgage on February 12, 2019 / Home Buying

Tags: buying a home, mortgage

houses and calculator with magnifying glass

Getting ready to buy a home but confused by the slew of financial terms you’re coming across? You’re not alone. The real estate and mortgage financing industries are full of confusing terminology and it seems like only the professionals fully understand. Three big terms that are bandied about quite a bit when it comes to financing a home purchase are lien, loan and mortgage. Two of these terms sound a lot alike but actually mean very different things. Let’s break down the meaning and differences between loan and lien.

Buying a home around the holidays? Here are 5 things you should know.

By Mid America Mortgage on November 27, 2018 / Home Buying

Tags: buying a home, tips

Buying a home can be an exciting but often stressful process. Setting up showings, applying for mortgage financing, negotiating with sellers…it can be overwhelming if you’re not prepared. And if you’re buying around the holidays, there may be additional factors to consider. In today’s post, we’ll go over some of those factors and offer a few tips for managing the stress of buying a home during the holiday season. Here are five things to consider when searching for your dream home over the holidays: 1.) You Could Find a Great Deal The typical busy season for real estate is the