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Beautiful homes in a wonderful and nice town

Baldwin homes are simply beautiful and many of these homes would cost a fortune if they were located in a different city. Living in Baldwin makes luxury living so much more obtainable without draining all of your money. Baldwin is only about 30 minutes away from Baltimore too, so you're not missing out on the big city amenities at all! Big homes and unique layouts are waiting for you in the safe and charming town of Baldwin!

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Access Baltimore while living in the affordable paradise of Baldwin

Baldwin homes are just marvelous. It's hard to look at some of them without just being in awe of them for a moment. There are many different types of homes available so it all just depends on what you're looking for but no matter which home you pick, it'll definitely be a nice place to come home to. According to Trulia, there are homes available that are as low as $169,000 but you can go as high as almost $2,000,000 if you want to capture the best that Baldwin has to offer. There are homes that have as many as eight bedrooms and almost 4,000 square feet. There are also plenty of simpler yet still elegant ranch style homes. Baldwin has something for everyone! Baldwin encompasses safety. According to Trulia crime is extremely low. In fact, it's one of the safest places in the country.

Live a life of luxury

Baldwin may be small but it's near larger cities filled with attractions

Living in Baldwin gives you access to security, safety, luxury, affordability, and more privacy than if you live in the heart of a major city. Baldwin is only about a 30-minute drive from Baltimore, Maryland and so the restaurants, attractions, and jobs are all practically next door. That's right—you still have access to the 300+ restaurants, job industry, and many attractions of Baltimore. You may use a car in Baldwin but you can use the vast public transit system in Baltimore while you enjoy the museums, aquariums, fine dining, and history of the city. You're only half an hour from your immaculate home when you visit Baltimore. You're right next to a city that has smaller and less nice homes that cost much more than the beautiful paradise you'll own in Baldwin!

Common Questions About Buying a Home in Baldwin

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.