Home Refinancing Annapolis MD

Homeowners can apply for home refinancing, meaning they can get an entirely new mortgage on their home. This can be advantageous when mortgage interest rates fall below what they were when the original mortgage was taken out. This will result in lower payments and savings over the entire life of the loan. But homeowners must meet certain criteria before they can refinance; homeowners’ credit file will be reviewed, and a title report along with a report on liens on the property will be done, among other things, when the homeowner is going through the application process.

Central Pacific Mortgage Co
(410) 897-0200
133 Defense Hwy
Annapolis, MD
 
Branch Banking And Trust Co
(443) 482-3851
5 Church Cir
Annapolis, MD
 
Empire Equity Group Inc
(410) 571-8370
2525 Riva Rd Ste 110
Annapolis, MD
 
Baybanc Mortgage
(410) 974-6044
801 Compass Way Suite 208
Annapolis, MD
 
Nfm Inc
(410) 752-4615
121 Cathedral Street Ste 3-B
Annapolis, MD
 
Bankannapolis
(410) 224-4455
1000 Bestgate Rd
Annapolis, MD
 
Frmc Financial Inc
(410) 266-0002
2661 Riva Rd Bldg 1000 #1020
Annapolis, MD
 
Severn Savings Bank Fsb
(301) 841-6925
1919 A West Street
Annapolis, MD
 
Redwood Capital Inc
(410) 266-1621
180 Admiral Cochrane Dr Ste 35
Annapolis, MD
 
First Mariner Bank
(410) 841-5107
2086 Generals Hwy
Annapolis, MD
 
Opinion Corner
People in Maryland shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 59%
Rent: 36%
Other: 4%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 7%
I have had to downgrade my home: 0%
I am living paycheck to paycheck: 23%
I have eliminated some of my expenses in order to keep my home: 38%
It has not affected me: 30%
Other: 0%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 16%
I have some equity in my home: 66%
I own my home outright: 0%
I have no idea: 16%
Other: 0%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 75%
I have tried but have not been successful: 16%
No: 8%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 61%
Yes, they were slightly affected: 15%
Yes, they were significantly affected/drained: 23%
Source: Survey.com