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Find the best mortgage rates in Jupiter

Various factors are taken into consideration when coming up with a mortgage rate. Rates are dipping and currently are at 3.23% for a 30 year fixed mortgage. It is advisable to take advantage of this as Jupiter is a quiet city that is brimming with diversity and opportunities. Most residents of the area have little to complain about, as they get to work and relax, with top class amenities being made available. Luxury homes and mansions are available along with town homes and affordable homes.
Jacksonville, Florida, USA downtown city skyline.

Find the most affordable homes

Everyone can find a home for themselves in Jupiter

Whether you are looking for a condo, a single family home or a beachfront mansion, Jupiter has it all. Surrounded by greenery and pristine beaches, Jupiter is home to over 55,000 people. Residents are offered the choice of having a ton of fun to mix with their daily lives. Major cities like Miami are close to Jupiter and there is no lack of diversity amongst its residents. Over 72.5% of the population own a home and every house has an average of 2.4 people. Crime rates are lower than both the state and national average. The weather in Jupiter is perfect year round, but the summer is a treat. A regular ocean breeze is present and provides a calming effect. Families feel right at home here and their children will be given a chance to excel. Singletons and seniors are also given the opportunities to make a calm life for themselves.
Jacksonville, Florida, USA downtown city skyline.
Art deco district of South Beach in Florida USA

Get the best mortgages in Jupiter

Earnest is the right choice for the best mortgage

Home buyer The rate of a home may vary in the area depending on different factors. At Earnest, we take a detailed look at every one of these factors to assist you expertly. Mortgage rates are decided by taking an extensive look at your financial accounts including earnings, savings and potential earning. While conducting research about the area, your realtor can help you make important decisions. Earnest can provide assistance any time during the home buying and mortgage processes thanks to our experienced client service team. Refinancing a mortgage Refinancing is never an easy task. Home owners that need the money can get a complete re-financing plan at Earnest. This plan will help them cover their expenses and re-pay mortgages with confidence. Moreover, the entire process is online so all clients have access to effective results.
Art deco district of South Beach in Florida USA

Common Questions About Jupiter 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.