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Best Mortgage Refinance Companies in Silver Spring, MD

Our Recommended Top 7

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Silver Spring Mortgage Refinance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

46Reviewed

30Curated

7Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

12123 Heritage Park Circle, Silver Spring, MD 20906
WebsiteLicense: 1948084

Expertise.com Rating

Review Sources

Google
5.0 (124)

Why choose this provider?

1Rate is a Silver Spring-based business that deals with clients throughout the metro. It works with homeowners seeking to refinance their loans and helps them modify their loan terms, lower their interest rates, or tap into their property's equity. The company also combines multiple mortgages into one loan to provide a way for property owners to minimize their payments. It deals with other clients—like first-time homebuyers—and offers a range of mortgage solutions, from VA to FHA programs.

3401 Oberon St, Kensington, MD 20895
WebsiteLicense: 1675271

Expertise.com Rating

Review Sources

Google
4.4 (7)

Why choose this provider?

LendSolid guides Silver Spring residents through the home buying process. By way of refinancing, the mortgage brokerage firm helps borrowers change their loan terms, consolidate debts, reduce interest rates and monthly payments, or use their homes’ equity to get cash. It reviews the benefits and costs to determine the mortgage solution for clients’ situations. Senior loan officer Craig Plucinski utilizes over 15 years of experience in customer service and management to assist homebuyers with their financing needs. LendSolid supports the community through charitable giving.

  • New Construction

12501 Prosperity Dr Suite 430, Silver Spring, MD 20904
WebsiteLicense: 460665

Expertise.com Rating

Review Sources

Facebook
5.0 (6)
Google
5.0 (5)

Why choose this provider?

Advanced Mortgage LLC serves clients in Silver Spring and nearby areas. It helps homeowners pay off their current loans and apply for a new mortgage by offering refinancing options. These allow clients to take advantage of lower interest rates, consolidate debts, reduce their monthly payments, and obtain cash from their home's equity. The firm's other loan programs include adjustable-rate, conventional fixed-rate, jumbo, FHA, VA, and reverse mortgages. Charles M. Bucklin, the firm's president, is a member of the Maryland Mortgage Bankers and Brokers Association.

  • New Construction

7200 Wisconsin Avenue, #500, Bethesda, MD 20814
WebsiteLicense: 205094

Expertise.com Rating

Review Sources

Google
4.2 (5)
Facebook
5.0 (5)

Why choose this provider?

Paradigm Mortgage Services, Inc. serves Silver Spring and the surrounding communities. The business provides refinancing solutions to individuals and families who need to consolidate their debt or obtain funds for home renovation. It offers FHA and VA loans and reverse mortgages. The team provides a good home purchasing and refinancing experience by evaluating the individual financial circumstances of each client. Founder Bill Van Dyke opened the company through the encouragement of his friend in 1991.

  • New Construction
  • Reverse Mortgages

7910 Woodmont Ave Suite 1330, Bethesda, MD 20814
WebsiteLicense: 147453

Expertise.com Rating

Review Sources

Facebook
5.0 (49)
Google
5.0 (28)
Yelp
5.0 (14)

Why choose this provider?

Rob Mercer has been serving the real estate needs of families and individuals for more than three decades. He is a mortgage originator who provides refinancing solutions to Silver Spring residents who want to purchase residential properties. He helps clients improve their current mortgages, lower interest rates and monthly payments, and convert homes' equity into cash. The agent also processes conventional, first-time homebuyer, VA, and FHA loans. Mercer has been a part of First Home Mortgage since 2007.

  • New Construction
  • Reverse Mortgages

13821 Mills Avenue, Silver Spring, MD 20904
WebsiteLicense: 211227

Expertise.com Rating

Review Sources

Google
5.0 (85)
Facebook
5.0 (8)
Yelp
5.0 (1)

Why choose this provider?

Since 1991, Kerins Associates, Inc., has been helping Silver Spring families meet their personal and financial goals through mortgage planning strategies. It provides VA Streamline option for people seeking to refinance their existing loans. Owner Kathleen Kerins offers different programs, such as conventional, FHA, and jumbo loans and incorporates charts and graphs to show clients the advantages of each option. She is also a VA military loan specialist. The company submits loans upon contract ratification and strives to close them in an average of 13 to 20 days.

  • New Construction

8555 16th. St, Suite 603, Silver Spring, MD 20910
WebsiteLicense: 293044

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Fairway Asset Corporation serves clients throughout Silver Spring. The company investigates the eligibility of homeowners involving the Home Affordable Refinance Program to help them fulfill a variety of financial goals, from reduced interest rates to lowered monthly payments. It has experience modifying the terms of Freddie Mac or Fannie Mae-guaranteed mortgages. The company has also offered specialized loans for foreign nationals seeking to acquire real estate in the United States. It provides other financing solutions from the USDA and VA.

  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
1Rate
12123 Heritage Park Circle, Silver Spring, MD 20906
LendSolid
3401 Oberon St, Kensington, MD 20895
Advanced Mortgage LLC
12501 Prosperity Dr Suite 430, Silver Spring, MD 20904
Paradigm Mortgage Services, Inc.
7200 Wisconsin Avenue, #500, Bethesda, MD 20814
Rob Mercer
7910 Woodmont Ave Suite 1330, Bethesda, MD 20814
Kerins Associates Inc.
13821 Mills Avenue, Silver Spring, MD 20904
Fairway Asset Corporation
8555 16th. St, Suite 603, Silver Spring, MD 20910

Silver Spring, MD Mortgage Refinance FAQs

  • Can refinancing a mortgage in Sliver Spring help a borrower pay for college?

    Yes, refinancing a mortgage in Silver Spring can help a borrower pay for college. The debtor has to choose a cash-out refinance option, where the built-up equity of a house is used as collateral to obtain a new loan. The difference between the old home equity and the new one would be used to pay for higher learning.

  • When refinancing in Silver Spring, what are the differences in requirements between a conventional mortgage and an FHA Loan?

    When refinancing in Silver Spring the biggest difference in the requirements between a conventional mortgage and an FHA loan is that the latter requires a lower credit score of around 500, while the former requires 620. Conventional options want a debt-to-income ratio of 43% or below, while the FHA route permits values reaching 50%.

  • How should mortgage holders in Silver Spring use online tools when refinancing a home?

    Mortgage holders in Silver Spring who are considering refinancing could use online tools as a preliminary source of information when choosing which new loan to get. There is ultimately no complete substitute for consulting a human broker or seller, but technology may be used as a starting point for research.

  • Does reducing the term of a mortgage always translate to dramatically increased monthly payments in Silver Spring?

    While reducing the length of a mortgage in Silver Spring will generally cause an increase in monthly rates to compensate, this is not always excessive. Significant changes in the economy or one's credit score could cause the new monthly dues to still be manageable after a new loan is taken out to replace an older one.

  • Why is it advantageous to work with a mortgage broker in Silver Spring instead of going directly to the bank?

    Working with a mortgage broker in Silver Spring is advantageous over going straight to the bank because a broker can look at multiple options, while a bank will be restricted to its own products. The human expert will examine each choice to determine the preferable rates and terms that a refinance seeker in the metro will need.