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Discover your dream home in Chase, Maryland

Located in Baltimore County, the community of Chase, Maryland offers a large array of cozy apartments and single-family houses for potential homebuyers. Conveniently located, this small city gives its residents easy access to everything they need. From shopping centers, restaurants, schools, and parks, it’s all located within a quick and easy driving distance. With low mortgage rates and affordable prices, there’s no better time to buy a Chase home−let an Earnest home loan get you there.

Find what you're looking for in the city of Chase

This small city is perfect for individuals, families, and retirees alike

Nestled in the eastern section of beautiful Baltimore County, the community of Chase is the perfect place to settle down. Whether you are looking for a sanctuary away from the office, a spot to retire, or a place to raise the family, Chase has a home for you. Choose from a large selection of cozy apartments or single-family houses. Though this small city only has a Walkscore of 18 out of 100, putting it low on the walkability scale, everything you need is within an easy driving distance. Catch some lunch at Mustang Pizza & Subs, or go for some dinner with your loved ones at Kelly’s Kitchen and Bakery. Explore Dundee Natural Environment Area, find some books at Books Brenda, or browse through Royal Farms. There’s something for everyone and with a variety of grade schools less than 5 miles away, this is an ideal location for families.

Buying a new home just got simpler for homebuyers

Earnest makes purchasing a brand new home easier for you and your wallet

Whether this is your first time buying a home, or you're an old hand at it purchasing a new home is exciting. However, with houses and apartments to look through, neighborhoods to explore, realtors to talk to, and mortgage rates to go through, the process can quickly become stressful and overwhelming. Thankfully, with Earnest, you can find the target home price that’s just right for you and your specific needs. Earnest will help you identify your priorities as a homebuyer, whether that's walkability, schools, commute time, or proximity to amenities, and look at your unique financial situation in order to help you figure out how much you and your loved ones can save. The best part? Earnest offers potential homebuyers an easy-to-use online application to help you get started.

Common Questions About Buying a Home in Chase

All The Answers You Need to Settle Down Sooner

Should I choose a fixed or adjustable rate?

It depends how long you expect to stay in the home. Adjustable rates are good for people who may not be in the home long, whereas fixed rates are ideal for people who are confident of settling in.

Do I need a home appraisal?

Probably—in most cases, the homebuyer must use an appraiser to evaluate the value of the home. Appraisal costs vary depending on the value of the property, as well as the state the house is in. Buyers cannot choose their own appraiser—the bank makes the decision.

What is PMI?

Private mortgage insurance (PMI) is required when a homebuyer makes a down payment of less than 20%, or when a borrower refinances with less than 20% equity in the home. PMI fees vary according to your down payment and credit score, and adds a premium to your monthly mortgage payment. Please note, PMI is tax-deductible in 2015 and 2016 for certain income brackets.

What does Loan-to-Value mean?

Loan-to-Value (LTV) is the percentage of your home’s value that your loan represents. When refinancing, the calculation is simply the loan amount divided by the appraised value. When buying a home, the LTV is found by dividing by either the purchase price or appraised amount, whichever is lower. When the LTV is less than 80%, the lender generally requires PMI.

For example:

Purchase price: $100,000
Down payment: $15,000
Loan amount: $85,000
Appraised value: $110,000
LTV: $85,000/$100,000 = 85%

What are closing costs?

Closing costs are standard fees associated with a real estate transaction. You will typically pay about 2-5% of the purchase price in closing costs—the exact amount depends on where you are buying (or refinancing), as well as number of extra fees involved in your particular transaction. Earnest charges no lender fees, so the borrower is only responsible for 3rd-party fees.

What should I consider before refinancing my mortgage?

Refinancing your home loan is an attractive option when rates are low. A simple rate and term refinance can help you lower your monthly payment and potentially eliminate your PMI premium, as long as you have built up enough equity in the home. You might also use a cash-out refinance to access some of the equity you’ve built up in the home (which may result in a higher monthly payment on your new loan).

However, keep in mind that refinancing a mortgage does involve several fees (closing costs). Before refinancing, you should calculate the ‘break-even’ point at which your refinanced loan makes up for the closing costs. If you plan to leave your home before this time, it’s better to stay with your current mortgage.

Knowledge Is (Buying) Power

Further Resources from the Earnest Blog

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The intelligent home loan

When it comes to finding the right home loan, Earnest works hard to ensure that the process pain-free. We use an industry-leading and intuitive online-only application (meaning most times no scanner or fax machine required), a 5-star client service team, and a unique rolling pre-approval that stays current while you track down that perfect home. At Earnest, the home loan process is like no other.