38846, Glen, MS

The 38846 zip code of Glen, MS is located in the northwestern part of the state and includes a population of approximately 9,000. The median household income in this zip code is $50,000 and the median home value is $130,000. Home equity in this area has been on the rise for several years and as of 2016, homes in this zip code were worth an average of $145,000. This increase can be attributed to a number of factors including low interest rates and increased demand from buyers who are looking for good quality homes at reasonable prices.

While home equity is important for many people, it can also be risky if not managed correctly. It’s important to understand your options and make sure you have a plan for using your home equity should something happen that causes you to need access to it quickly. There are a number of things you can do to protect yourself if something happens that affects your ability to use your home equity:

1) Have a solid financial plan – Make sure you have a strategy for dealing with any unexpected expenses that may come up related to your home equity. This includes having enough money saved up so you don’t have to take out loans or borrow against your home equity unnecessarily.

2) Stay current on your mortgage – Make sure you are always keeping up with your mortgage payments so you don’t end up in trouble if there is an issue with the property or the loan itself. If there is an issue with either one of these things, having good credit will help improve your chances of being able to get a loan modification or even get out from under debt completely.

3) Understand what kind of insurance coverage exists – Many people choose not to buy insurance because they think it will add too much cost onto their monthly budget but understanding what kind of coverage exists could save you from big problems down the road. Some common types of coverage include property damage insurance (which covers damage done by natural disasters like hurricanes), liability insurance (which protects you from lawsuits), and theft protection (which covers losses caused by theft).