What to Know Before Buying a Home in Carthage, MS

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Exploring Carthage, MS From North to South

Thinking about buying a home in Carthage? Great idea! You picked a colorful city with a great balance of educational opportunities, businesses, and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We support 3.8 million customers nationwide and have the inside scoop on Carthage's housing scene.

Carthage's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Ongoing economic growth and cultural expansion have helped to attract entrepreneurs, retirees, and new graduates to the Carthage area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Carthage and the surrounding areas still offer a variety of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream house! When looking to buy a house in Carthage, consider how near or far away the home is from the places you visit most. If possible, test drive your trip from the house to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Carthage will help you see how the northern part differs from the southern part, where to find Carthage's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Carthage? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade and work to make the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in Mississippi or elsewhere. We work with first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Carthage.

First, estimate how much house you can afford. This will help determine the price range for your Carthage house hunt. Next, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. Everyone's situation will differ, but a quick online search for average expenses in Carthage will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Next, figure out what a realistic down payment would be for you. A down payment of at least 20% can help boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check your credit. Credit history is an important part of your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

It's Go Time! Buy a House in Carthage, MS

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Carthage, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Carthage. We're here for you every step of the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

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