A home buyer expo Saturday offered potential home buyers with what they need to know to unlock the doors to home ownership.
Christopher Smith and his wife are tired of renting and are ready to own a home.
"My mom down in Gulfport her yard was always voted the best yard in the neighborhood so I'm trying to outdo her now with my own home here in Jackson," Smith told WLBT News.
The Smith's attended a home buyer expo with other hopeful home buyers at New Horizon Church International Saturday. From learning about the importance of a real estate agent, to financing, experts explained why this is an ideal time to buy.
"We are seeing amazing things in the rates, we are seeing things from 3.275% to 3.375%," said Rashida Walker, a Realtor with Prudential Gateway Real Estate.
Walker said with the federal government's FHA loan slightly over 3%, your down payment on a home can be as low 3.5%. The loan also provides long-term security.
"For instance right now we are doing FHA as a fixed rate loan 30 year mortgage," said Walker.
In addition to low rates and banks lending more, your tax refund is another huge asset that can help you make the move into your new house. You can use that refund to boost your credit by paying off debts, or put the money into a savings or CD account.
"You can borrow against that which actually is a loan, but you're using that money as collateral you're paying yourself back and earning interest from it," said Shae Williams, the Executive Director for the Mississippi Faith Based Coalition.
The Smith's are looking at some "Voice of Calvary Ministries" homes. Through a federal grant, the once foreclosed homes in Jackson were completely renovated and now available at affordable costs to qualified buyers.
Sunday, May 19 2013 10:35 PM EDT2013-05-20 02:35:37 GMT
Authorities have recovered the body of a 10-year-old boy who apparently drowned after an all-terrain vehicle overturned in a Mississippi creek. The search for the boy's younger brother continued Sunday. ColumbusMore >>
Authorities have recovered the body of a 6-year-old boy who apparently drowned after an all-terrain vehicle overturned in a Mississippi creek. The search for the boy's older brother continued Sunday.More >>
Monday, May 20 2013 11:17 AM EDT2013-05-20 15:17:56 GMT
A body discovered in Clinton Saturday night has led to a homicide investigation. Hinds County Coroner Sharon Grisham Stewart confirms a body was discovered, although few other details are known. The bodyMore >>
Clinton Police Department's Interim Chief Mike Warren said upon further investigation, it appears a disagreement over a woman may have led to the death of a Jackson man.
Sunday, May 19 2013 10:53 PM EDT2013-05-20 02:53:15 GMT
JPD searched a Jackson Home at 846 Brandon Ave., Saturday that netted four arrests, a variety of drugs and $1,500. "On May 18, 2013, The Jackson Police Department's Vice and Narcotics Unit responded toMore >>
JPD searched a Jackson Home at 846 Brandon Ave., Saturday that netted four arrests, a variety of drugs and $1,500.More >>
Friday, May 17 2013 7:16 PM EDT2013-05-17 23:16:53 GMT
One person has died in a crash near Harrisonville, MO, Thursday evening. The crash happened on Missouri Highway 7 and Walker Road. It involved a car and a tractor-trailer. Harrisonville is in Cass County.More >>
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >>
Saturday, May 18 2013 10:00 PM EDT2013-05-19 02:00:02 GMT
Observers are predicting a speedy confirmation to the federal bench for Jackson attorney Debra M. Brown. If confirmed, Brown would become the state's first black female district judge. Carl Tobias, aMore >>
Observers are predicting a speedy confirmation to the federal bench for Jackson attorney Debra M. Brown.More >>
With a bullet still in his body, the police officer who survived a showdown with the Boston Marathon bombing suspects says he's determined to return to duty.More >>
In a story May 19 about a Massachusetts Bay Transportation Authority officer shot in a showdown with the Boston Marathon bombing suspects, The Associated Press incorrectly spelled the officer's last name. He is Officer...More >>
Wednesday, July 11 2012 6:10 AM EDT2012-07-11 10:10:08 GMT
(WMC-TV) – Dozens of police recruits were injured during training exercises last week and the heat could be to blame. The entire current class at the police academy filed paperwork claiming to be injuredMore >>
Dozens of police recruits were injured during training exercises last week and the heat could be to blame.More >>
It's all about the odds, and one lone ticket in Florida has beaten them all by matching each of the numbers drawn for the highest Powerball jackpot in history at an estimated $590.5 million, lottery officials...More >>
Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million - the highest Powerball jackpot in history.More >>
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