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Experience the charm of Florida without the crowd

Deerfield Beach is the owner of the coveted “Blue Wave” designation award from Clean Beach Council. According to Zillow, the average home value in this Florida city is calculated to be $141,300. Properties come in a number of price ranges, the cheapest among them being, studio flat for apartments and single family homes for individual houses. The expensive end of the property scale consists of five or more bedroom apartments and triplexes.
Long stretch of Miramar Beach, in Destin, Florida and the emerald green waters of the Gulf of Mexico.

Deerfield has the cleanest beach in Florida

Other than pristine beaches, America's lengthiest cable ski is found here

Located in South Florida, Deerfield Beach is one of a few cities where crowds are conspicuously absent. The place is a veritable paradise for the eco-conscious. The Clean Beach Council has given the city beach the most coveted “Blue Wave” designation. The award was given on the basis of the beach's super water quality. Other factors which made into contributing the award includes safety services, habitat conservation, public information and beach conditions. Deerfield Beach has a number of dining and shopping opportunities. The Quiet Waters Park present in the city has a skate park, campgrounds and places where residents can enjoy fishing. The city's other surprising attraction is its longest cable ski course. The latter is a mix of surfing, wakeboarding and skiing. The Park has a 2,700 foot course exclusively for cable ski.
Long stretch of Miramar Beach, in Destin, Florida and the emerald green waters of the Gulf of Mexico.
Brother sister and dog playing on sandy Florida beach in the summer sun

Buying your Deerfield home is now much easier

We not only help you pay for your dream home, but also help you find it

Purchasing a home should be done after due consideration. This is due to the fact that it takes a considerable sum of money to buy a residence. A number of factors should be considered and many locations and properties to be seen and analyzed prior to making a financial commitment on a particular property. Earnest will help you to make an informed decision on this by taking note of both your personal priorities and also your financial standing. We take into account the probable property's distance from healthcare, work address and even nightlife. Only after crunching all these information, will you be provided with a shortlisted potential neighborhoods and the accompanying price range of properties within those places. Your search will be narrowed down and you can settle quickly. It means you will get greater peace of mind as well.
Brother sister and dog playing on sandy Florida beach in the summer sun

Common Questions About Buying a Home in Deerfield Beach

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

People around a computer

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.