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Gulf Breeze is a beautiful and inviting city.

Gulf Breeze is situated just opposite Pensacola, the bay separating the two cities. It is an excellent place for the outdoor loving person. The average home value in this Florida city is calculated to be $247,300. A range of properties are available. Single family homes are the cheapest among houses. Triplexes form the creamy end. Studio flats are the most economically priced among apartments. Most expensive are the five or more bedroom apartments.
Miami, Florida, USA downtown aerial cityscape.

Gulf Breeze has superb recreational opportunities

It has beautiful beaches and delicious seafood

Located on Fairpoint Peninsula, Gulf Breeze is a city in Santa Rosa County.Pensacola lies on the opposite side of the bay. It is excellent for snorkelling, birding or hiking. All these activities can be done at Gulf Islands National Seashore. The latter is a protected park. Residents of Gulf Breeze enjoys the inviting beaches and the excellent seafood. The Gulf Breeze Zoo is one of the best of its kind. The zoo covers an area of 50 acres and houses about 1,000 animals. The list of animals within the enclosure includes rhinoceros, squirrel monkeys, giraffes, zebras, alligators, hippopotamuses, coatimundi, otters and giant tortoises. The best part about the zoo is the elevated boardwalk. It offers a superb vantage point for viewing cape hunting dogs and deer. There are also islands where gorillas enjoy unrestricted movement.
Miami, Florida, USA downtown aerial cityscape.
Art deco district of South Beach in Florida USA

Buying a home in Gulf Breeze is now so easy

We help you pay for your dream home, and also help you find it

A home should be purchased only after a long thought. It is an important investment with implications that reverberate throughout a person's life. A number of factors must be considered. These should include both your personal priorities and also the financial position. The list of personal priorities include the distance of the proposed property from the nearest health-centre and the place of work of the buyer. Other factors like shopping markets and public transportation should also be factored in. Whatever you choose, it must be comfortably within your financial means. Earnest takes all factors into consideration. We will present a short-list of properties in different neighborhoods that will fulfill all your requirements. You will get the keys to your dream home much faster and easier too.
Art deco district of South Beach in Florida USA

Common Questions About Buying a Home in Gulf Breeze

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.