Mississippi home loans can get you so much more than just a house. While not necessarily the oldest settled part of the United States, this area has some of the richest history and the Mississippi delta is famed in story and song. If you’re looking for a home with character and a past, you can probably find it here.
However, if you want uniqueness and history, you should be careful to specify. Not all history is bright and shiny and some of it leaves more baggage behind than others. So, be sure to ask questions so that you know what you’re getting into.
Some of this has to do with the history of slavery in the south. While that period is long over, the older a home is, the more likely it is to have housed slaves or some other connection.
There are other practices from the past that are not engaged in any longer. Up until very recently, most people died in their homes. Meaning that the older the house, the more likely a death has occurred there.
Depending on what you believe, both of these things also increase the risk of being haunted. In many of the longer populated areas, there are stories of home being haunted by the ghosts of the slaves held there in addition to those who simply spent the entirety of their lives in one dwelling.
The seller is not required disclose the history of the property, except as it impacts it materially – is the house sinking into the mud? So, if this is the kind of thing that bothers you, it is vital that you research the home yourself. If it’s haunted, this may be as simple as asking the neighbors, otherwise, there are newspaper and government archives.
If you decide to go ahead and make an offer on the home, then things get really scary. Presumably you have already determined with a lender what you can borrow; now it will have to be confirmed. This process involves a very thorough check of your finances.
Your income, debt, bills, credit rating, investments… all of these things will be examined under a microscope to determine what kind of a risk you pose to the lender. Once that determination has been made, you be given a fixed interest rate and repayment terms.
Then the most terrifying thing of all: If all goes well, the seller will accept your bid, your financing will go through, you will sign an entire forest worth of papers and while your hand is still throbbing in pain, you will realize you have successfully gotten your Mississippi home loan and you have a mortgage!!!
http://www.creditloan.com
However, if you want uniqueness and history, you should be careful to specify. Not all history is bright and shiny and some of it leaves more baggage behind than others. So, be sure to ask questions so that you know what you’re getting into.
Some of this has to do with the history of slavery in the south. While that period is long over, the older a home is, the more likely it is to have housed slaves or some other connection.
There are other practices from the past that are not engaged in any longer. Up until very recently, most people died in their homes. Meaning that the older the house, the more likely a death has occurred there.
Depending on what you believe, both of these things also increase the risk of being haunted. In many of the longer populated areas, there are stories of home being haunted by the ghosts of the slaves held there in addition to those who simply spent the entirety of their lives in one dwelling.
The seller is not required disclose the history of the property, except as it impacts it materially – is the house sinking into the mud? So, if this is the kind of thing that bothers you, it is vital that you research the home yourself. If it’s haunted, this may be as simple as asking the neighbors, otherwise, there are newspaper and government archives.
If you decide to go ahead and make an offer on the home, then things get really scary. Presumably you have already determined with a lender what you can borrow; now it will have to be confirmed. This process involves a very thorough check of your finances.
Your income, debt, bills, credit rating, investments… all of these things will be examined under a microscope to determine what kind of a risk you pose to the lender. Once that determination has been made, you be given a fixed interest rate and repayment terms.
Then the most terrifying thing of all: If all goes well, the seller will accept your bid, your financing will go through, you will sign an entire forest worth of papers and while your hand is still throbbing in pain, you will realize you have successfully gotten your Mississippi home loan and you have a mortgage!!!
http://www.creditloan.com
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