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Make your Sebastian dreams a reality with Earnest

According to Areavibes, Sebastian is a highly livable city with low living costs and adequate local amenities. There are a number of beautiful parks and schools are excellent.Crime rate is low as well. Home values in the city of Sebastian went north by 10.5 percenty within 2015. It is predicted that there will be a rise of 4.7 percent within 2017. The average price of homes presently listed in city of Sebastian is calculated to be $193,500.
Tampa, Florida, USA downtown skyline on the Hillsborough River.

A little city offering an unmatched lifestyle

Other than the excellent infrastructure, it is also a city of culture

The earliest human settlement in where the city stands was a fishing village during the 1870s. Thomas New and David Peter Gibson settled in the area during the 1880s. Sebastian was named after Saint Sebastian. Present day Sebastian has a number of beautiful parks. Private and public elementary schools are present in adequate numbers. A good high school is also present. Residents of the city enjoy the coastal waterway in Indian River lagoon. The riverfront is a dazzling affair and has the added advantage of being near to the Atlantic beaches. The city is made interesting by the great number of festivals it hosts every year. There are monthly crafts and arts shows, along with concerts being held in the park. The municipality administers a golf course. Sebastian has a middle position with easy access to Florida Turnpike and to the I-95.
Tampa, Florida, USA downtown skyline on the Hillsborough River.
This is a beautiful photo capturing the Downtown Orlando Skyline at sunset.

A mortgage perfect for all your exacting needs

Get the best home mortgages in Sebastian with Earnest

For the first time home buyer, purchasing a home can be a stressful affair. The paperwork be intimidating. With Earnest all problems go away. The process is made much simpler and quicker. It also becomes much less intimidating. This is possible through our online exclusive application method. In the unlikely event of you having any doubts, simply call the client service team. Not only are they knowledgeable, they are friendly and will cheerfully answer all questions you might have. Needless to say, the rates you will get is bound to make you smile. Paying off a home mortgage can be difficult due to the large amount of money involved. Repayment takes years. Earnest can help you to negotiate lower payments on mortgage. We can also close the loan much earlier than it was actually scheduled.
This is a beautiful photo capturing the Downtown Orlando Skyline at sunset.

Common Questions About Sebastian 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.