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Forest Hill is a quiet neighborhood you'll love

Ever dream of living in the suburbs with enough land to spread out comfortably? Between the beautiful homes and spacious area, Forest Hill offers you a suburb you'll enjoy living in. Remain close to Baltimore without having to live in a busy neighborhood. Come home to Forest Hill and relax after a long day.

Forest Hill is ready for you to come home

Find your dream home here today

Forest Hill has beautiful homes in an ideal and quiet location to enjoy, just a short drive from Baltimore. Enjoy your suburban life while being close to entertainment and activities in the city for the weekends. The median home price in Forest Hill is higher than the Maryland state average by $84,590, according to Zillow. But that just means this area is highly desirable--the place you want to be, too. Maryland home values have risen in the last year and are predicted to keep increasing, so don't miss your opportunity to invest in real estate. Forest Hill is ready to welcome you.

Forest Hill lets nature decorate your views

Affordable and beautiful living is found right here

Searching for a home can be a stressful process. Even with all the tools out there to help you narrow down your search, it can take a while. Earnest can help you make the process quick and easy using tools such as our loan calculator. We'll help you determine which factors are most important to you--whether you prefer a huge house or a huge yard (or both!)--and match those with your budget to find your target price range. Then we'll find mortgage rates you can afford, all before you even have time to stress. Let us help you find your dream home in Forest Hill. This is likely to be your best investment ever.

Common Questions About Buying a Home in Forest Hill

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.