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Surround yourself with luxury in Woodbine

All it takes is some searching to find that special home in Woodbine. This area will provide you with a beautiful home in a peaceful small town, while keeping you near Baltimore for when you want to be a big city person for a day or even the weekend!

Find the retreat you've been craving in Woodbine

Look no further for your spacious getaway

The majority of the homes in Woodbine are worth $600,000 and higher. It's a small town, but it's got plenty of style that can give you a big jump in having the home you've always wanted. These homes are incredibly affordable and would cost much more if they were in a major city. You're not sacrificing much, though, because you're still a short drive from the city and all that it offers. In Woodbine, you can own a home that you never thought financially possible. There are many homes that are worth over a million dollars, and they're simply gorgeous--come take a look today. There are plenty of homes in the $200,000 to $599,000 range as well, making Woodbine an affordable dream for just about anyone.

A life of comfort is waiting for you in Woodbine

Purchase a home in this beautiful town

You can stop searching for the home you've always wanted because Woodbine has exactly what you've been looking for. With access to nature while living in your dream home, there's no reason not to make Woodbine your new home. Did we mention that you're less than an hour from Baltimore and all it has to offer? There are many different museums, parks, landmarks, and activities in Baltimore to take advantage of. The most popular attractions include The Walters Art Museum, Fort McHenry National Monument, and of course the Baltimore Dinner Cruise and Buffet. Remember, all of this and more is less than an hour away from the home you've always wanted but never knew you could afford. Woodbine is a paradise waiting for your discovery with help from Earnest.

Common Questions About Buying a Home in Woodbine

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.