Alert Message

Pinellas Park is a heaven for gearheads

Pinellas Park is known across the United States for its two extremely popular events: Country in the Park festival and Chili Blaze cook off. According to Zillow, the average value of a home is calculated to be $181,500. Property buyers can choose among a wide range of assets, from the economically priced studio flats to luxurious five bedrooms and more apartments. The cheapest house is the single family residence. Triplex represents luxury.
Tampa, Florida, USA downtown skyline on the Hillsborough River.

Pinellas Park is a place to enjoy a full life

It is a heaven for motor enthusiasts and food aficionados

Located in the middle of St.Pete or Clearwater peninsula, this Florida city lies on the widest part of its geographical region. Pinellas Park is known across Florida, and by reputation across the US for two extremely popular yearly events: the festival Country in the Park and Chili Blaze cook off. Both of them are held during spring time. For the gourmand, the Chili Blaze provides the perfect excuse to taste a number of home prepared chili recipes. All recipes are presented by the city's firefighters. The Country in the Park is sponsored by the city. It attracts a large audience who come to enjoy not only the food but also the excellent country music. There will be vendors, car shows, drink tents and crafts. The location of both events are at Band Shell in the England Brothers Park. The venue is a little distance away from city hall.
Tampa, Florida, USA downtown skyline on the Hillsborough River.
Opening wine bottle with a corkscrew

Buying your Pinellas Park home is now a cakewalk

We not only help you pay for your dream home, we also help you find it

There is no doubt that buying a home is an important and admittedly, a major investment. As such, careful consideration is a must before you zero in on a particular property. You must consider a number of factors prior to choosing a particular location and a specific property. Our experts at Earnest can assist you in this process. We help you to arrive at a decision quicker by analyzing both your personal priorities and your financial position. Also, it is important to consider the distance between your home and office prior to selecting a specific property. Other factors like public transport and healthcare are also extremely important. We will use the information you provide to offer you an ideal price range. You will also be presented with a few potential neighborhoods for your new home.
Opening wine bottle with a corkscrew

Common Questions About Buying a Home in Pinellas Park

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.