Posted on September 18, 2018 - 02:26 PM
by Terry Hedgepeth
Years ago, credit scoring had little to do with mortgage lending. When reviewing the credit worthiness of a borrower, an underwriter would make a subjective decision based on past payment history. Then things changed. Lenders studied the relationship be...
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Posted on September 18, 2018 - 02:26 PM
by Terry Hedgepeth
When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you've made your payments on time. What you may not expect is that they seem to be more interested in your FICO® score. "What's a FICO® score?" is a ...
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Posted on September 18, 2018 - 02:26 PM
by Terry Hedgepeth
When buying a home, it is not enough to just come up with the money. With the exception of no asset verification loans, lenders want to verify where the money for your new home will be coming from. If you can document that the funds are coming from your p...
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Posted on September 18, 2018 - 02:26 PM
by Terry Hedgepeth
This is a detailed summary of costs you may have to pay when you buy or refinance your home. They are listed in the order that they should appear on a Good Faith Estimate you obtain from a mortgage lender. There are two broad categories of closing costs. ...
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Posted on September 18, 2018 - 02:26 PM
by Terry Hedgepeth
An adjustable rate mortgage (ARM) has an interest rate that fluctuates periodically. This is in contrast to a fixed rate mortgage, which always has the same interest rate. Every ARM has basic components: An index A margin Adjustment Period An inter...
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Posted on September 18, 2018 - 02:26 PM
by Terry Hedgepeth
Now that you know what an ARM is and how it works, you may be wondering what the advantages and disadvantages are. So let's explore that issue. Offering adjustable rates allows lenders to transfer part of the interest rate risk from themselves to the bor...
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Terry Hedgepeth
Terry Hedgepeth Realty
385 Edgewood Terrace
Jackson, MS
Office: 601-540-0490 Contact Me
Providing a superior level of competent, informed, professional real estate services to buyers and sellers in Madison, Rankin, and Hinds Counties including cities;Jackson, Ridgeland, Madison, Byram, Terry, Pearl, Richland, Florence, Clinton and Brandon.
Testimonials
My wife and I recently had the best home buying experience imaginable this past summer when relocating to the Jackson, Mississippi area. We contacted Terry Hedgepeth Realty to assist us. Terry was always prompt in returning phone calls and did not hesitate to go the extra mile to help us. After giving him a list of the type of homes we were interested in, he was able to find us the perfect house with astonishing speed. In less than four weeks Terry had not only found our home but completed all negotiations as well. He made finding a home an easy pleasant experience. Several times a week Terry would e-mail us homes to view that included beautiful photos with complete descriptions of each property. He always considered our wishes, likes, and dislikes. This reduced the time needed for going on appointments and we were able to see only the homes that were of potential interest to us. Terry always gave up personal attention and had our best interest in mind. He was very knowledgeable about the properties, schools, subdivisions, shopping etc. in each area we looked. My wife and I were so pleased and impressed with Terry's professionalism, knowledge of the real estate market, attention to details, and exceptional negotiating skills. We thanked and commended him for being able to find us the best possible home with thr right size and location for our budget. We will not hesitate to use Terry for selling or purchasing another home, and we will recommend him to anyone looking for a home. Thanks Terry!
James and Verena Spivey
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