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Realize your Sebring property dreams with Earnest

With a median home price of $108,500, Sebring was ranked at # 536 of the most affordable home prices in Florida by Areavibes in 2016. Values of homes in this Florida city went north by 17.6 percent in 2015. The average list price for every square foot in the city is $91. The average price of all Sebring homes listed at present is $139,850. It has an excellent quality of life.Earnest is the ideal mortgage partner to help you buy your dream home.
Orlando Florida, Lake Eola. ( Photograph with the Phantom 3 Professional at 400 feet altitud. )

A city that has everything to offer its residents

Sebring has arts and culture perfectly complemented by racing heritage

Sebring, although known throughout the US for its rich racing heritage, has a number of outdoor recreational opportunities as well. Residents enjoy fresh water swimming in the many lakes which is a distinctive feature of the city. The list of watersports include fishing, airboat rides, water skiing and boating. Nature conservationists love the Archbold Biological Station. It is a scrub preserve covering 5,193 acres. It can be found at the south end of Lake Wales Ridge. The latter is an old sandy ecosystem. Sebring is also a cultural hotspot. The city has a number of art studios, museums and galleries. Notable among them are the Highlands Little Theater, Military Sea Services Museum, Children's Museum and the Museum of Florida Art & Culture.
Orlando Florida, Lake Eola. ( Photograph with the Phantom 3 Professional at 400 feet altitud. )
Orlando, Florida cityscape and skyscrapers with reflections of Lake Eola at night with palm trees, fountain and swans.

A mortgage attuned to your needs and demands

Get the best home mortgages in Sebring with Earnest

With Earnest, you can be assured of a simpler and faster way of buying your dream home. This comes as a boon if you are a first time buyer. Our process is completely online. It is as simple as ABC and you will glide through the many procedures that generally plague other applicants. In case you face problems- and this is highly unlikely- our client service team is just a call away. They are not only super efficient but friendly too. Needless to say, our rates will make you smile. Count on us to make your property dreams come true. Mortgages related to the home cannot be paid off in a jiffy. It takes years to repay the mortgage. With the passage of time, everything changes.When you want a lower payment related to the mortgage, call Earnest. You will get an excellent refinancing plan.
Orlando, Florida cityscape and skyscrapers with reflections of Lake Eola at night with palm trees, fountain and swans.

Common Questions About Sebring 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

People around a computer

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.