Home Refinancing Silver Spring 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.

Capital Mortgage Finance Corp
(240) 430-0500
11510 Georgia Avenue Ste-225
Wheaton, MD
 
Pinnacle Financial Corporation
(301) 946-9201
11141 Georgia Ave # 328
Silver Spring, MD
 
Marble Mortgage Corporation
(301) 562-1710
8403 Colesville Road Suite 400
Silver Spring, MD
 
First Savings Mortgage Corp
(301) 929-2800
10401 Connecticut Ave Ste 103
Kensington, MD
 
Century Finance Funding Inc
(301) 608-3704
8455 Colesville Rd Suite 1080
Silver Spring, MD
 
National City Bank
(301) 962-1520
2730 University Blvd W Ste 604
Silver Spring, MD
 
Premier Mortgage Funding Inc
(301) 650-4400
8601 Georgia Ave Ste 908
Silver Spring, MD
 
Washington Telephone Fcu
(301) 933-9100
3015 University Blvd W Box 650
Kensington, MD
 
Mortgage America Bankers LLC
(301) 495-8800
3930 Knowles Ave Ste 305
Kensington, MD
 
First Residential Mtg Serv Corp
(301) 588-4270
8757 Georgia Ave Ste 1320
Silver Spring, 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