Real Estate Information Archive

FHA requires as little as 3.5% down against a home's purchase price. If you are purchasing a home for $200,000, your down payment would be $7,000. There are also conventional loan options with down payments ranging from 20%, 10%, 5%, and 3%. A down payment may come from the buyers own cash or from a gift from a relative, legal guardianship or domestic partner. If you are considering buying a home in the Jackson, Madison County area, call The Peggy Graves Team at 731-664-2342. We can recommended several reputable mortgage companies in Jackson that can provide you with the help you need in getting the loan process started.

When buying a home, buyers should know that even though you have been pre-approved for a mortgage it isn't final until is funded. So many things can change prior to closing that can affect the borrowers' financial situation and ability to get a loan. Buyers are advised to do absolutely nothing that will affect their credit until after the loan closes. This includes purchasing a new car, furniture, opening a new credit card account or changing jobs.

Getting pre-approved helps the buyer save time and money by looking at the homes that fit their budget, finding the best rate and term and uncovering and curing possible credit issues early on. It can also give you some bargaining power when writing a contract and will speed up the closing process.

Be sure to shop around to be sure you are getting the best interest rate and lowest closing costs. Lenders will require you to show proof of income, employment verification, bank statements(assets), liabilities, down payment, drivers' license and social security number. Your Realtor should be able to give you a few recommendations of ones they have had experience working with. If you are thinking of buying a home, The Peggy Graves Team can help guide you along every step of the way. Call 731-664-2342.

Friday, Dec. 2

• Linzie Butler & The Blues Gentleman - West TN Delta Heritage Center, Brownsville, 6:30pm
• Bryan Moffit - Meo Mios, Buchanan, TN, 7:00pm
• John McManus & Bill Dagget - Samual T. Bryant Distillery, 7:00pm
• Tyler Goodson - Mulligans, Jackson, 7:00pm
• Glen Anthony Band - International Rock A Billy Hall of Fame Museum, Jackson, 7:00pm
• Syelar Anderson - Redbones, Jackson, 7:00pm
• Kimberlie Helton Band - Blues Landing, Paris TN, 8:00pm
• Ben Jessie & William Criss - The Naked Turtle, Jackson, 9:00pm
• Blair & Madison - The Downtown Tavern, Jackson, 9:00pm
• Old Coldbloods - The Emporium, Jackson, 10:00pm

Saturday, Dec. 3

• David Johnson Chorus - Discovery Park of America, Union City, 11:00am
• Skeleton Crew - El Ranchito's, Bolivar, 6:00pm
• The Jackson Symphony "Holiday Pops" - Civic Center, Jackson, 7:30pm
• Ronnie Milsap - The Dixie, Huntingdon, 7:30pm
• Freedom - American Legion Post 90, 8:00pm
• Prowler - Redbones, Jackson, 8:00pm
• Funky Finger - The Tap, Jackson, 9:00pm
• Ben Jessie & Dave Thomas - Mulligans, Jackson, 9:00pm
• Farewell Mourning - Jimmy D's, 9:00pm
• One Nyte Stand - Decatur Co, Elks Lodge, 9:00pm
• The Allen Warren Band - 51 Club, Dyersburg, 9:00pm
• Blair & Madison - Pine Ridge Club, 10:00pm