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Find your Maryland home in beautiful Cascade

Located in the lush inland of Maryland, Cascade is a charming town full of adventure and beauty. With overall health statistics that exceed the state average and home prices that are affordable, Cascade is an ideal destination for anyone looking for a new Maryland living experience. Whether you're starting a family or starting your retirement, Cascade has something to offer you.

Seasons of adventure and relaxation

Cascade has it all

Cascade's geographic location means that it has four complete seasons, satisfying the widest possible range of temperature preferences and recreational tastes. Classic winter activities are enjoyed by residents in the colder months, while summer opens the door to countless warm adventures. As each season is about the same length, there's ample time for everyone to enjoy their favorite outdoor pursuits. Cascade sits in Washington County in western Maryland surrounded by a plethora of natural parks and historic sites. Bursting with character, homes in Cascade offer the perfect foundation to raise a family or relax into the next stage of your life.

Helping you answer Cascade's call

Earnest can make your residential dreams come true

While Cascade's rural landscape and historical value are reminiscent of a simpler time, buying a home in this town is still as complex as it would be in bigger, more bustling areas. These days countless websites compete for your attention, often complicate your decisions, and cloud your understanding of the best way to approach your future. Earnest is here to help alleviate the confusion and stress of a new home purchase so that you can jump right into this next journey in your life. With a simple process and a focus on clarity, Earnest has what it takes to make your Cascade dreams a reality.

Common Questions About Buying a Home in Cascade

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.