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Low rates and no headaches for an easy process

Keedysville has the small town feel and privacy while offering a variety of indoor and outdoor activities that anyone can enjoy. With a prime location driving distance from Pittsburgh, Wisp Ski Resort, and Deep Creek Lake, Keedysville is perfect for people who love winter sports, water sports, or just relaxing. Keedysville has more affordable than most Maryland towns, but home values are rising from the current median sales price of $277,224. Keedysville homes is a great invest into your future.

Make your budget go farther

A home to move into or a home to build in Keedysville

Keedysville has a wide range of traditional, colonial, or country style single family homes available. If you'd rather design your own house, there are many large plots of land available that ensure beautiful views and privacy. Before making any offers, make sure you research what nearby properties have sold for, and what the local property taxes look like. At the end of Summer 2016, Keedysville homes sat at a median sales price of $277,224 and are rising. For those who want to make a solid investment, look into buying your Keedysville home today. Peaceful, scenic, and with a low crime rate, Keedysville is perfect for families and retirees who are looking for a nice town they can feel comfortable in.

The right home loan for your future in Keedysville

Home loans that are the right choice

When planning out your future, buying a home should be exciting, not stress-inducing. With so many different factors to consider when buying a home, mortgage rates are the last thing you want to think about. A lot can affect a mortgage rate. ZIP codes, credit scores, the loan purpose, the loan amount, and the like all change what your mortgage loan will look like. Thankfully, Earnest is here to help you figure it out. And, once you're preapproved for a mortgage, you are that much closer to move in day! The research process when refinancing is similar to when you first obtained your mortgage. Refinancing is useful for when a homeowner needs more of their money accessible for big, upcoming purchases. So whether you want to change your term limit, or switch to a fixed mortgage, Earnest can help.

Common Questions About Keedysville 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.