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Buying a home in Winter Garden is a great choice

Most of the homes in Winter Garden are single family homes with large lawns that are well-maintained. The city offers a good number of condos and townhouses as well. The economy of Winter Garden is growing at a fast pace, thanks to its close proximity to Orlando. The Downtown Pavilion, the famous Art Center, a number of museums, the Garden Theater, all have made Winter Garden as the cultural and commercial capital of West Orange County. The city has great schools and good health care facilities.
This is a beautiful photo capturing the Downtown Orlando Skyline at sunset.

The city that is known for its warm charm

Winter Garden residents enjoy a superior quality of life

Winter Garden is a charming little city in Orange County, Florida. It was incorporated in the year 1908. The city is part of the metropolitan statistical area Orlando–Kissimmee–Sanford. Winter Garden sits along the southern side of the beautiful lake Apopka. The historic Downtown area of the city is listed on the National Registry of Historic Places. It is a favorite tourist destination. The Downtown Pavilion plays venue to one of Central Florida's top regional Farmer Markets. The job growth in the city has been positive over the past few years, there are many jobs available in the city and its nearby areas. Siemens, IBM and Electronic Arts are some of the top employers in the metro area. Winter Garden is home to Winter Garden Village, one of Central Florida's premiere shopping centers.
This is a beautiful photo capturing the Downtown Orlando Skyline at sunset.
Happy couple in white shirts standing at beach

Owning a home in Winter Garden is real easy

Earnest can find the best homes in Winter Garden, we are just a click away

Winter Garden is a very desirable place to live. The city has great schools, access to good healthcare facilities, very good transit facilities and friendly neighborhoods. The crime rate is very low as well. Earnest can help you find your dream home in Winter Garden. Our online application process is simple and fast. Just tell us what you are looking for in your ideal home and give us your budget and we will be able to find the right home for you. We can get you a mortgage as well. If you have a bad credit score and you are waiting to make your credit score better, just talk to us, and we will be able to find a mortgage that is ideal for you. We consider more than just your credit score, we look at your current financial position and your future earning potential and decide on the rate.
Happy couple in white shirts standing at beach

Common Questions About Buying a Home in Winter Garden

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.