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Make your Niceville dreams real with Earnest

According to Areavibes, the city is exceptionally liveable. It enjoys third rank in Florida on the issue of liveability. Residents enjoy lower living costs and there are adequate number of local amenities. Crime rates area also low. Home values in Niceville went north by 2.8 percent in 2015. It is predicted that they will rise further by 5.8 percent within 2017. The average list price for every square foot in the city is calculated to be $151.
Jacksonville, Florida, USA downtown city skyline.

A city known for its military connections

Niceville is a city where work and recreation gel excellently together

Niceville is one Florida city where it does not take much effort to have fun. The US Air Force Armament Museum is ideal for understanding aviation warfare armament starting from the First World War days. Other displays include an excellent collection of vintage military aircraft. The SR-71 Blackbird is displayed here. The museum provides an informal and practical view of the American air force. For outdoor lovers, the Fred Gannon Rocky Bayou State Park situated little outside Niceville is a treat. The park covers 357 acres. Park visitors enjoy kayaking and canoeing. They can also enjoy the aquatic wildflowers. Wildlife can be enjoyed in its natural environment. Niceville has a few of the best golf courses in Florida. The Bluewater Bay Resort and Eglin Golf Course are two of the best in the state.
Jacksonville, Florida, USA downtown city skyline.
View of St. Petersburg. Saint Isaac's Cathedral from Palace Square in night

A mortgage tailor made for your dreams

Get the best home mortgages in Niceville with Earnest

Home buying for the first time can be a dreadful experience. The paper work is complex, messy and intimidating as well. With Earnest, the application process become child's play. The application process can be completely only online and this simplifies the process immensely. If you have any doubts, do not hesitate to call our efficient client service team. They will patiently listen to all your queries and solve them accordingly. You will get all the funding you require at a rate which will surely make you happy. At Earnest we know the various problems you could face while paying off the mortgage. We understand finances could change over the period of mortgage repayment. We will help you with the best refinancing plan. Earnest will also help you to make funds available by using the built up equity of the home for sudden expenses.
View of St. Petersburg. Saint Isaac's Cathedral from Palace Square in night

Common Questions About Niceville 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.