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Flintstone offers refined beauty

Flintstone, Maryland is an abundance of land, different types of homes and hills just waiting to be captured. With a lower than average mortgage rate, Flintstone is a prime location for anyone seeking to buy a new home or lot of land. With an extensive collection of homes currently on the market, any families looking to settle down should look no further! On top of this, the schools, the restaurants, and work environment is prime for any family!

Live in a small town with a big heart

Between comfortable and quiet is Flintstone

While there is a little over 100 people currently living in Flintstone, it’s true a gem hidden between Pennsylvania and Maryland. Due to its limited size, it makes it the perfect location and a perfect opportunity for new homebuyers as the mortgage and home prices are quite cheap! According to Trulia, the district of Allegany is currently the lowest in Median sales price out of Maryland counties at $88,000. However, if you are looking for something a bit more expensive or expansive, on Zillow, there are multiple beautiful million dollar types of homes on top of breathtaking hills. Now, Flintstone is known for its five-star education system and its breathtaking Rocky Gap State Park. No matter what part of the town you live in, you are within walking distance of some of the beautiful nature experiences in the world!

A pain free home loan process with Earnest

Make the most of your Flintstone mortgage

When it’s time to buy a home, the lingo and process can get a bit tricky. It takes time and energy you need for other things. It doesn't have to be that way when you are looking to buy a home in Flintstone. Earnest is just the help you need since they are one of the most experienced companies in the game and their focus is you. If you are interested in refinancing your current mortgage, Earnest is here for you as well. Maybe the kids are off to college soon or perhaps you're moving forward on that kitchen renovation. Refinancing can help by freeing up the cash for major expenses. Let Earnest explain your options to you. Buying a home or refinancing in Flintstone, Maryland should be easy—let Earnest do the hard work while you take the time to pick out your new furniture and enjoy the many new amenities of this beautiful city.

Common Questions About Flintstone Mortgage Rates

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.