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Discover your dream home in the city of Butler

Located at the top of Baltimore County just north of Maryland’s city of the same name, the small city of Butler is filled with a wide selection of single-family houses and apartments. While this city is not high on the walkability scale, everything you need is within easy driving distance. You and your loved ones won't be disappointed when you move to this beautiful little city and discover its sprawling green lawns, tall trees, and gorgeous blue skies.

Find the home of your dreams in Butler, Maryland

Located north of Baltimore, this small city is just the place to call home

Just north of the city of Baltimore and boasting many beautiful scenic views is the small city of Butler. Whether you are looking for a place to escape the office, a spot to raise the family, or somewhere peaceful to retire, Butler has a wide selection of single-family houses and cozy apartments to choose from. While this area is low on the scale when it comes to walkability, everything you need, from grocery stores to shopping centers, is within a convenient driving distance. Go shopping with your friends and loved ones over at Foxley Hall or Butler Village. Spend a Saturday taking a peaceful hike over at Oregon Ridge Park or Sparks Park which is less than 5 miles away. Feeling hungry? Drive over to Oregon Ridge Dinner Theatre or Maestro’s Café for a delicious meal and entertainment. There’s something for everyone here in Butler.

Purchasing your new home in Butler just got easier

Earnest keeps the process of buying a new home smooth and simple for you

Whether you have experience in homebuying or it’s your first time around the block, purchasing a new home is an exciting experience. But with multiple websites to go through, neighborhoods to peruse, potential homes to explore, and mortgage rates to look into, this process can become overwhelming. Earnest helps keep this process running smooth and simple. They work with homebuyers, experienced and beginner, to help identify their main priorities, such as proximity to schools, daily commute time, crime rate, and area walkability. In addition, Earnest will analyze your unique financial profile in order to determine a target home price that's perfect for you and your needs. With Earnest, you can stop worrying about the little things and start focusing on what’s important−buying your new home in Butler, Maryland.

Common Questions About Buying a Home in Butler

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.