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Quickly move to Pinellas Park with Earnest

With a Florida rank of 604, it is a desirable place to live. According to Areavibes, the principal benefits of Pinellas Park living include adequate local amenities and a lower cost of living. The sunny weather comes across as a boon as well. Home values in the area went up 12.2 percent in 2015. It is predicted that the rise in the average home values will be five percent within 2017. The average price for every square foot is calculated to be $154.
Tampa, Florida, USA downtown skyline.

It is an automobile and outdoor adventure city

Other than warm weather, Pinellas Park has superb restaurants

The highlight of Pinella Park is undoubtedly the Clearwater Marine Aquarium. It is a family destination. The place is home to a dolphin which inspired the blockbuster Dolphin Tale movie and its sequel Dolphin Tale 2. This dolphin is named Winter and both films were shot here. It is a place for rescue, release and also rehabilitation. It is no wonder that the city has a number of restaurants preparing food from all over the world. Ben Thanh is a popular Vietnamese eatery serving customers from a tiny shop. It provides fresh and cleabn flavors at competitive prices. The Cajun Cafe on the Bayou serves authentic Cajun food. All foods are prepared from scratch. The Clearwater beach has sparkling white sands and residents of the city can catch a beautiful sunset from Pier 60.
Tampa, Florida, USA downtown skyline.
Carnival Ferris Wheel

A mortgage tailormade to fit you

Earnest helps you get the best and hassle free mortgage in Pinellas Park

If this is the first time you are purchasing a home, allow Earnest to help you. We will make the process much simpler. Our online exclusive application process is self explanatory. It means you will not be intimidated by the paperwork. The simpler process makes it also much faster. In the unlikely event of any doubt during the application process, you can always give a call to the client service team. They are only a phone call away. You will find them friendly and willing to answer every question you ask with clear answers. Needless to say, we will offer a rate which will be comfortable for you. Rely on us to open the door to your new home much quicker. When it comes to refinancing a mortgage, Earnest can assist you with an excellent refinancing plan for lower mortgage payments.
Carnival Ferris Wheel

Common Questions About Pinellas Park 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.