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Brunswick has the house you've been looking for

With warm summers and cool winters, make Brunswick your final home to experience the four seasons at a price you and your family can both be happy with. According to City-Data, Brunswick has a rich assortment of weather year round to provide its residents with a nice variety. Brunswick has enjoyed a lot of growth in terms of income since 2000 with an increase of almost 50 percent.

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Brunswick features lovely homes in a beautiful city

According to City-Data, Brunswick has experienced a surge in home values, with an increase of almost $100,000 in value since 2000. It's a booming market with home sales steadily increasing consistently since 2014 and with no signs of slowing down. Brunswick also features a wide range of employment options that range from construction to administrative to transportation and unemployment is lower than the state average and has been declining since 2010. The school system in Brunswick is great too, which makes it a great place to raise or start a family. According to Livability, it has a GreatSchools rating of 7 out of 10 and over a hundred schools in the area from elementary to high school.

Your forever home is waiting for you

There's no need to keep searching—You're already home in Brunswick

According to Trulia, there's a wide range of homes available that are all across the spectrum in price and size. According to City-Data, crime is consistently low and family values are what truly lie in the heart of Brunswick. There are plenty of positive attractions in and near Brunswick, including being location within 30 miles of six different colleges in case you or anyone in the family wants to pursue secondary education! There are numerous parks and even some roller coasters that can be enjoyed by you or the whole family! Brunswick is a safe place to live with fun and stability for the whole family!

Common Questions About Buying a Home in Brunswick

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.