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Sebring is home to America's oldest racing track

Sebring has a number of recreational opportunities to suit people of all ages, from the racing track to golf and also the outdoors. According to Zillow, the average price of a home in the city is calculated to be $108,500. Prices of living accommodation vary in the city, with studio flats being the cheapest and among stand alone houses, the single family home. At the top end of the scale are apartments having five bedrooms. Triplexes are the most expensive among houses.
Tallahassee, Florida, USA downtown skyline.

Sebring is suited for all age groups

It boasts high art and culture blended with outdoor activities like golf

Sebring has a number of recreational activities suitable for people of all ages. The city is known to racing enthusiasts as the home of America's most famous and oldest racing track. The Sebring International Raceway was established more than half a century before. It is regarded as Mecca of American sports car racing. Its signature competition is the Mobil 1 sponsored “Twelve Hours of Sebring”. It is a famous endurance race. Other than this race, a number of events happen all around the year. Golf is an extremely popular choice of recreation for many residents. A number of good courses exist, with varying skill level challenges. All can be enjoyed at reasonable prices. The list of outdoor activities include fresh water swimming in a number of lakes, water skiing, boating and air-boat rides.
Tallahassee, Florida, USA downtown skyline.
This is a beautiful photo capturing the Downtown Orlando Skyline at sunset.

Buying your Sebring home is now much more easier

We will help you not only to buy the home you want, but also locate it

Considering how big an investment buying a house is, you need to extra careful when making a decision. A number of factors must be considered. It is a major investment and cannot be decided in a spur of the moment or in a hurry. A large number of properties must be looked into and their locations as well before arriving at a decision. You should take into account the distance of the property you like from places which are important to your daily life, like your office, supermarkets and gym. Earnest can help you in this regard by doing a careful analysis of both your personal priorities and financial position as well. It will take into account all factors that directly influence. It will assist you to make a short list of the properties and also help you to settle down quickly without much of a hassle.
This is a beautiful photo capturing the Downtown Orlando Skyline at sunset.

Common Questions About Buying a Home in Sebring

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.