Alert Message

Live in a beautifully unique community

Brinklow Maryland is perfect for the person who wants to live in a simple and quaint town filled with natural beauty. Buy your next home in an unincorporated town filled with fresh air and plenty of land.

No community like it

North of Washington D.C., Brinklow is its own community

This little town has plenty to love. Brinklow is located north of Washington D.C. and it is filled with natural beauty. While it’s too sprawling and underdeveloped to be walkable, its two main roads, Brighton Damn Rd and New Hampshire Avenue, can connect you to attractions in nearby towns. The town is perfect for the homebuyer that wants a lot of land to call their own. With lots starting at $250,000, you can build your dream home on three-plus acres. The options for buying land and developing do not hinder the fact that most of the town is filled with large lands of beauty, including the Patuxent River State Park.

Homebuyers, come to Brinklow.

Earnest makes your home buying process simple.

Make your homebuying process comfortable. Seek the assistance of the Earnest team. Earnest strives to make sure all financial options are available to you and that you understand them in full. We want you to have the information necessary to make the right decision for your budget and priorities. We’re willing to work with you to find a homebuying solution you’ll not only live with but love.

Common Questions About Buying a Home in Brinklow

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.