Tag Archives: Real Estate

What is Section Sixteen Land in Mississippi?

A fair number of homes in the State of Mississippi are built on what is called “16th Section Land” of which, in  trust, the State of Mississippi owns over 640,000 acres. Trustees manage this land and 108 Mississippi public school … Continue reading

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Should I Rent a Home, or Should I Buy

The ironic thing about people who think they can’t afford to buy a home for themselves, end up buying the home for their landlord. There are several facts that support this notion. Mortgages, whether held by an owner-occupant or an … Continue reading

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Mortgage Facts or Myths

“It’s impossible to get low down payment loans.” – MYTH! FHA down payments are 3.5% and VA is 0%. In some areas, there may be some 0% down payment USDA loans available. FNMA and Freddie Mac have 3% down payment … Continue reading

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Buy a Rental This Year

Every year, it seems like the same things are on the list but this could be the year you really do invest in a rental home. Rents are climbing, values are solid and mortgage rates are still low for non-owner … Continue reading

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The Effect of Interest Rates

Since the election, rates have started going up and it will have a direct effect on the cost of a home in Hattiesburg in the future. There is a rule of thumb that a ½% change in interest is approximately … Continue reading

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