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Find your new home in White Hall

White Hall homes are a peaceful getaway for families with city commuters or for retirees looking to settle down. Most homes have privacy and beautiful views for the White Hall homeowner. Yet, you're never too far from Baltimore, which is a short 30 minute drive away. Keep in mind, Zillow shows that over the next year home prices and values will continue to rise, as White Hall is starting to become more of a seller's market, which makes now the perfect time to buy.

Invest in a White Hall home for you and you family

A peaceful town with privacy, White Hall is waiting for you

White Hall is the perfect balance for those who need access to a large city for work but don't want to have to suffer the cost of living in the city. A calm setting with many different types of homes, both new and old, White Hall is the perfect place for those who need a rural escape or are looking for a quiet town to retire in. Although White Hall is only home to elementary schools, there are great public middle and high schools nearby in the town over. All of the public schools in the area receive great rating according to GreatSchools. Furthermore 92 percent of White Hall residents are homeowners. Proving these homes as worthy investments to own for the right now and the future. White Hall is perfect for any type of buyer and now is a great time to invest in your future in White Hall.

The right home loan with the right company

Find your new home in White Hall

There are so many great houses to choose from White Hall, it can almost be overwhelming! Trying to find the happy middle ground between everything you want and everything you can afford is difficult. Earnest is here to help you determine all of the factors you'll need to look over when looking for a home. White Hall homes are currently at a median sales price of $218,800, according to Trulia. Maryland homes continue to grow in value each and every year so it's best to hurry and purchase your forever home and start reaping the benefits of homeownership.

Common Questions About Buying a Home in White Hall

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.