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Brinklow is ready for you to call it home

For a 30-year fixed rate mortgage in Brinklow, rates average between 3.9 percent and 4.2 percent. A 20 year fixed rate mortgage has rates between 3.5 percent and 3.8 percent. Brinklow mortgage rates are on par with the national average, making now the perfect moment to invest in your dream home or refinance your current one. Whether you are seeking the mega-mansion, a lot of land, an apartment or simply a townhome, Brinklow has it.

Brinklow welcomes you.

Quiet satisfaction awaits in Brinklow

Located in the Montgomery County, Brinklow is a small community within the town of Ashton-Sandy Spring. Education options include Sherwood High School, the Goddard Schools and Sandy Spring Friends High School. While there are few commercial and entertainment options in town, many the stores, restaurants, and recreation are available within five miles south of Brinklow in Ashton Manner and Ashley Manor. Life in Brinklow is quiet, calm, and community oriented. You'll feel like the volume to the world was turned down when you move in.

Guiding you to your best home loan.

Earnest brings you a simple and fast application process.

Buying a home? You need someone with history and experience to help you find the right home for your budget and priorities. With years of experience in the industry assisting thousands just like you, Earnest can find the best rates possible for homebuyers. Earnest works hard to make getting your dream home easy.

Common Questions About Brinklow 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.