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Find your dream home in Titusville

Titusville might be a small city, but it is usually filled with activity and residents aren't likely to complain of being bored. The city is suitable for families, singletons and seniors as there are homes to match everyone's needs. Titusville has some great cultural and historic sites. The Air Command Warbird Museum is a fascinating visit for families and kids. The Skydive Space Center can also be a thrilling experience. Buyers should seriously consider getting a home in Titusville.
The old Florida State Capitol building as seen from Monroe St and Apalachee Parkway with the New Capitol in the background

Titusville has a lot to offer

Combine fun in the sun with culture

Titusville is a small town with big offerings. Residents can go to the beach, visit national reserves, enjoy fishing and kayaking in the river – all within a short drive. More traditional forms of entertainment like theaters and cinemas are also available in plenty. The Titusville Playhouse is one of the city's cultural centers and hosts a variety of events, plays and exhibits. The city for adults and children alike and there's plenty for either group to do. Boat and charter tours are also a popular activity for all age groups. The list of activities and buildings goes on and on in Titusville. To add to all this, the cost of living in this great city is 12% lower than the national average. The temperature remains consistently in the 60s and 70s so residents are comfortable throughout the year.
The old Florida State Capitol building as seen from Monroe St and Apalachee Parkway with the New Capitol in the background
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Titusville mortgages right at your fingertips

Get Comprehensive mortgage and re-financing plans with ease

Mortgage rates are a tricky business as they can vary depending on lots of factors. The current mortgage rate in the city is at 3.3% for a 30 year fixed loan. Buyers might have trouble understanding the implications of mortgage rates and planning accordingly. At Earnest, we get the best mortgage rates in the area and discover applicable discounts. Once the research is done, we will help you decide the type of mortgage, the term of the mortgage and other related decisions. Our expert client service team can help you with all of the above. Additionally, for buyers looking to re-finance existing mortgages or change terms, Earnest can help. We can help make the important decisions and make sure that buyers stay informed throughout the process. We also have experts who can help come up with a re-financing plan based on your financial profile.
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Common Questions About Titusville 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.