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Your home waits in Hebron

Hebron is a great place to purchase property and invest in your future. Mortgages are low and the property values continue to see growth. Mortgage rates are currently sitting between 3.9 percent and 4.3 percent for a 30-year fixed mortgage. Rates depends on your credit, the area you're looking at and your down payment. Earnest can help you find the best mortgage for the house you want to make your own.

You're good to go with a Hebron mortgage

There's no time to waste. Grab your mortgage today

Hebron is a safe place to invest. Earnest is the best place to go to for your mortgage and homebuying assistance. Earnest can help you navigate the homebuying process easily so you can focus on what's truly important. Hebron is a safe place to invest in and if its home value growth history is any indication, it's sure to make you a pretty penny over the years. Your family will thank you someday when they're in the cozy community of Hebron, near Baltimore but surrounded by the investment you made many, many years earlier.

Homeownership has never been so easy

Owning a home is rewarding. Let Earnest get you there faster

It can be stressful to buy a home. Earnest can help make sure the process is easy. We’ll get any discounts that you might qualify for. We'll work with you on your budget and priorities. If you're considering refinancing, Earnest can help with that too. Before you know it, you'll be relaxing on the beach and ready for the next big phase or project in your life.

Common Questions About Hebron 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.