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.
Monday, June 17 2013 7:28 PM EDT2013-06-17 23:28:44 GMT
Simpson County Sheriff's deputies are looking for two inmates who walked off a work detail crew early Monday morning. According to Simpson County Sheriff Kenneth Lewis, Simpson County Adult Detention CenterMore >>
Simpson County Sheriff's deputies are looking for two inmates who walked off a work detail crew early Monday morning.More >>
Monday, June 17 2013 3:26 PM EDT2013-06-17 19:26:53 GMT
Jackson police are investigating what they believe to be a murder-suicide in south Jackson Monday morning. Few details are being released at this time, but Officer Colendula Green confirms one maleMore >>
Jackson police are investigating what they believe to be a murder-suicide in south Jackson and have identified both victims. More >>
Tuesday, June 18 2013 1:11 AM EDT2013-06-18 05:11:50 GMT
A two-vehicle accident at the Highway 18 and Springridge Road intersection Saturday, resulted in at least one death. A one-and-a-half year-old died in the accident, according to Hinds County Coroner SharonMore >>
A two-vehicle accident at the Highway 18 and Springridge Road intersection Saturday evening resulted in the death of a toddler. Officials have made an arrest in the death.More >>
Monday, June 17 2013 9:37 PM EDT2013-06-18 01:37:58 GMT
An accident that occurred around 3 p.m. Saturday on I-20 W. resulted in at least one fatality. The accident happened between Bovina and Flowers. A bystander told WLBT/WDBD the multi-vehicle accidentMore >>
A second person has died from a multiple-vehicle crash on Interstate 20 in Warren County Saturday.More >>
Monday, June 17 2013 7:46 AM EDT2013-06-17 11:46:45 GMT
BRUNSWICK COUNTY, NC (WECT) – Jared and Rose Cleerdin found themselves right in the middle of a shootout at what should have been a routine DUI checkpoint. Days after the dramatic shootout in BrunswickMore >>
Jared and Rose Cleerdin found themselves right in the middle of a shootout at what should have been a routine DWI checkpoint. Days after the dramatic shootout in Brunswick County, they are still shaken by what they saw.More >>
Sunday, June 16 2013 10:23 PM EDT2013-06-17 02:23:36 GMT
Hinds county supervisor kenneth stokes says people are being improperly pulled over by madison county deputies. Stokes says he has received complaints and witnessed a madison county deputy on a trafficMore >>
Hinds County Supervisor Kenneth Stokes says people are being improperly pulled over by Madison County Deputies.More >>
Monday, June 17 2013 4:43 PM EDT2013-06-17 20:43:44 GMT
A night at a South Jackson club turned tragic early Sunday morning when a woman passed out and died. People at the Life Bar Lounge told WLBT that the woman may have had a seizure and stopped breathing.More >>
A night at a South Jackson club turned tragic early Sunday morning when a woman passed out and died.More >>
Saturday, June 15 2013 1:58 PM EDT2013-06-15 17:58:55 GMT
A 73-year-old Morton woman was killed in a freak accident. Catherine Westman was coming out of a nail salon when she was run over by a forklift in the parking lot of the Fairway Grocery store WednesdayMore >>
A 73-year-old Morton woman was killed in a freak accident. Catherine Westman was coming out of a nail salon when she was run over by a forklift.More >>
Monday, June 17 2013 2:47 PM EDT2013-06-17 18:47:52 GMT
An overturned log truck on Highway 27, near the Hinds/Copiah County line has shutdown traffic in both directions. The accident occurred shortly after 10 Monday morning.The Mississippi Department of TransportationMore >>
Both lanes of traffic are open where a log truck overturned on Highway 27 in Copiah County Monday morning.More >>
Sunday, June 16 2013 9:52 PM EDT2013-06-17 01:52:26 GMT
A Jackson driver endured some scary moments Sunday as emergency crews worked to free her from her wrecked vehicle. The woman lost control of her vehicle and hit a utility pole and then the pole landedMore >>
A Jackson driver endured some scary moments Sunday as emergency crews worked to free her from her wrecked vehicle.More >>
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