Most people have never heard of a biweekly mortgage plan but people are starting to hear about these. What is a biweekly mortgage plan? Quite simply instead of writing one big check for your mortgage a month your write a check two times a month for a little more than half each time. The little more allows the lender to collect extra and therefore help you pay down your principal faster.

But is this for you? If you have a  30-year fixed-rate loan at 7% which is much much higher than the going rate, you would pay it off in 24 years, and save $33,000 in interest on each $100,000 of principal, assuming you began doing biweekly payments right after you took out the loan. With the same loan at 4.5 percent, payoff would require 25.7 years and save just $13,619.

For some a biweekly mortgage plan could be good and for others that can do it themselves can save the time and effort and just do it themselves by adding a little more to their payment once a mont.

This view can be yours today! $189500 for this awesome lake house in Madison,MS at Lake Lorman. Call today for details. 601-982-7918

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For once  in a really long time Mississippi is lucky to be one of the few states that something is NOT happening in. On September 30th there is a major bill that if passed will increase the amount of down payment money and decrease the amount one can borrow from FHA. BUT here in Mississippi we happen to be one of the 8 states that this bill will not affect. Currently the minimum for one to receive an FHA loan is 3.5% down and the maximum loan amount is $281,000.

If you have any questions in regards to obtaining an FHA loan for the cities of Jackson,Madison,Ridgeland,Brandon,Flowood, or Pearl don’t hesitate to contact us at 601-982-7918 or email us at nixtannsupport@gmail.com

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When it comes to financing a home there are many questions buyers normally ask. Many of these questions are questions that us real estate agents can help with and others we can help point you in the right direction. Many people think that financing from one lender to the other is the same but as Lee Corso would say”Not so Fast!” Having the right lender can make all the difference in the world! It can make your life and transaction so much easier you would be amazed. Since we deal with lenders on a daily basis we see the good, the bad and definitely the ugly! Call us today and we can help you when it comes to finding the right person to help you with your financing.

Termites if untreated can destroy homes. They can eat away at the home and cause it to lose structural integrity. A lot of people though are hesitant in getting a termite bond due to the expense. Termite bonds can really come in handy if you do end up with termites. In Mississippi we have ideal weather conditions for termites to thrive. Nix-Tann recommends that if you are not willing to get a termite bond then you at least call your local termite company for an annual inspection. This inspection will cost somewhere between $80-$130 and is well worth it.

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We are asked everyday “How important is a home inspection?” Well, a home inspection is something that we highly advise no matter how old or new the property might be. A lot of times people do not believe that it is necessary on a new construction property but we think it is always a good idea. Why? No matter how good of a builder there might be there are many times when a sub contractor may have dropped the ball. The last thing you want to do is not get a home inspection because it will cost you a few hundred bucks. If that inspector catches just one thing that could save you money in the long run you will be thankful.

Many times we have clients that have home warranties and they do not know exactly what they are for. Whenever you have the luxury of a seller providing a home warranty…take it! If you do not have a home warranty and want one then just call us and we can order one for you. Due to RESPA(real estate settlement and procedures act) we no longer receive any(roughly $50) from a sell of a warranty. We are licensed with all the major warranty companies though and will gladly assist you in ordering one. If you do have a home warranty and ANYTHING at all breaks just call the 1-800 number and ask if it is covered. Just like any other insurance policy many things are not covered but also a lot are. It never hurts to at least call and ask the warranty company if something is or is not covered. We have had clients receive everything from brand new washer and dryers to brand new heating and air units. For more questions on warranties call Nix-Tann at 601-982-7918.

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Being Summer time many people are looking to hit the links. Below are a number of golf courses in the area, some public and some private.

Jackson: Country Club of Jackson/Jackson Country Club, LaFleur’s Bluff State Park(located off Lakeland Drive and I-55), Eagle Ridge, Colonial Country Club
Madison: Deerfield Country Club, Reunion Country Club-Reunion is a fairly new course to the area, Annandale Golf Club, Whisper Lake
Brandon/Flowood/Pearl-Castlewoods, Patrick Farms, The Refuge(located right off Airport Road), Pearl Municipal

A few maintenance items, for this time of year, below that can help you save money when it comes to your home:

Service HVAC unit and change filters religiously. Some HVAC techs say once a year is good enough but I have heard twice, once being in Summer and the other in Winter
*Consult with your HVAC tech about putting chlorox in your units drain pipe. Was just told that doing this once a year is a good idea
*Check smoke alarms
*Check weather stripping on doors and windows to keep cool air in. You can buy a pack of weatherstripping at Lowe’s for a couple of bucks
*Clean your gutters! Gutters do damage when they are clogged. You are better ripping them off your house then having them full with debris