--- title: Mortgage Refinancing in the DMV description: Refinancing your mortgage can help you secure a lower interest rate, reduce your monthly payments, or tap into your home's equity. --- [Skip to content](https://www.borgersonhomeloans.com/mortgage-refinancing-programs#main-content) [![Matt-Borgerson-Team-Harpoon-1](https://www.borgersonhomeloans.com/hs-fs/hubfs/Matt-Borgerson-Team-Harpoon-1.png?width=400&height=162&name=Matt-Borgerson-Team-Harpoon-1.png)](https://www.borgersonhomeloans.com/) - Financing Show submenu for Financing - [Conventional Home Loans](https://www.borgersonhomeloans.com/conventional-home-loans) - [Adjustable Rate Mortgages](https://www.borgersonhomeloans.com/adjustable-rate-mortgages) - [Jumbo Loans](https://www.borgersonhomeloans.com/jumbo-loan-programs) - [Refinancing](https://www.borgersonhomeloans.com/mortgage-refinancing-programs) - [Buyer Q&A Sessions](https://www.borgersonhomeloans.com/homebuyer-seminars) - [Resources](https://www.borgersonhomeloans.com/blog) - Locations Show submenu for Locations - [Virginia](https://www.borgersonhomeloans.com/locations/virginia) - [Washington, D.C.](https://www.borgersonhomeloans.com/locations/washington-dc) - [Maryland](https://www.borgersonhomeloans.com/locations/maryland) Open main navigation Close main navigation - Financing Show submenu for Financing - [Conventional Home Loans](https://www.borgersonhomeloans.com/conventional-home-loans) - [Adjustable Rate Mortgages](https://www.borgersonhomeloans.com/adjustable-rate-mortgages) - [Jumbo Loans](https://www.borgersonhomeloans.com/jumbo-loan-programs) - [Refinancing](https://www.borgersonhomeloans.com/mortgage-refinancing-programs) - [Buyer Q&A Sessions](https://www.borgersonhomeloans.com/homebuyer-seminars) - [Resources](https://www.borgersonhomeloans.com/blog) - Locations Show submenu for Locations - [Virginia](https://www.borgersonhomeloans.com/locations/virginia) - [Washington, D.C.](https://www.borgersonhomeloans.com/locations/washington-dc) - [Maryland](https://www.borgersonhomeloans.com/locations/maryland) - [Contact us](https://www.borgersonhomeloans.com/#contact) [Contact us](https://www.borgersonhomeloans.com/#contact) # Mortgage Refinancing: Save More with Competitive Rates ## Lower Your Monthly Payments  |  Get Competitive Refinance Rates  |  Find Out When to Refinance Refinancing your mortgage can help you secure a lower interest rate, reduce your monthly payments, or tap into your home's equity. Whether you're looking to lower your mortgage costs or switch to a different loan term, refinancing gives you more control over your finances. If you're a homeowner in Maryland, Washington, D.C., or Virginia, now could be the perfect time to explore mortgage refinancing options. Our team can guide you through the process, helping you determine when to refinance and which options align with your financial goals. ## What Is Mortgage Refinancing? Mortgage refinancing allows homeowners to replace their existing home loan with a new one—often with better terms, lower rates, or different repayment options. ![Untitled design](https://www.borgersonhomeloans.com/hs-fs/hubfs/Untitled%20design.jpg?width=2000&height=1414&name=Untitled%20design.jpg "Untitled design") - **Lower rates: ** Reduce interest costs. - **Smaller payments:** Free up monthly cash. - **Cash-out options:** Tap into home equity. - **Flexible terms: ** Adjust loan length. - **Stable payments:**  Switch to a fixed rate. ## Who Qualifies for Mortgage Refinancing? Refinancing is an option for homeowners looking to lower their interest rates, reduce monthly payments, or adjust loan terms. Lenders evaluate key factors to determine eligibility. - **Good credit:** Higher scores lead to better rates. - **Home equity:** More equity improves refinancing options. - **Stable income:** Lenders assess financial stability. - **Debt-to-income ratio:** A lower ratio increases approval chances. - **Loan type:** Options vary for fixed vs. adjustable-rate mortgages. ![Untitled design (1)](https://www.borgersonhomeloans.com/hs-fs/hubfs/Untitled%20design%20(1).jpg?width=2000&height=1414&name=Untitled%20design%20(1).jpg "Untitled design (1)") ## How to Apply for Refinancing Step 1: Confirm Your Eligibility Step 2: Get Pre-Qualified Step 3: Find Your Home Step 4: Finalize Your Loan Review your credit score—typically 620 or higher for the best rates. Assess your home equity; more equity improves refinancing options. Ensure your debt-to-income ratio meets lender requirements.     Compare refinance rates from multiple lenders. Submit basic financial details for an initial loan estimate. Understand potential monthly payments and closing costs.     Decide between fixed or adjustable rates. Select a loan term (e.g., 15, 20, or 30 years). Consider cash-out refinancing if needed.   Complete a full application with income and asset verification. Lock in your interest rate and review final loan terms. Close on your refinance and start saving! ## Get Started with Refinancing Today Refinancing can help homeowners lower their interest rates, reduce monthly payments, or access home equity for financial goals. As a dedicated loan officer, I can guide you through the refinancing process in Maryland, Washington DC, or Virginia, helping you secure the best terms while navigating eligibility requirements. Reach out to learn more! [facebook-f icon](https://www.facebook.com/people/Matthew-Borgerson-with-First-Home-Mortgage/100092881302157/) [linkedin-in icon](https://www.linkedin.com/in/matthew-borgerson-35210635/) [instagram icon](https://www.instagram.com/borgagehomeloans/) **Financing** [Conventional Home Loans](https://www.borgersonhomeloans.com/conventional-home-loans) [Adjustable Rate Mortgages (ARMs)](https://www.borgersonhomeloans.com/adjustable-rate-mortgages) [Jumbo Loans](https://www.borgersonhomeloans.com/jumbo-loan-programs) [Refinancing](https://www.borgersonhomeloans.com/mortgage-refinancing-programs) **Grants and Programs:** [FHA Loans](https://www.borgersonhomeloans.com/fha-loans-mortgage-programs) [VA Loans](https://www.borgersonhomeloans.com/va-loans) [USDA/Rural Housing](https://www.borgersonhomeloans.com/usda-rural-housing-loans) [Down Payment Assistance](https://www.borgersonhomeloans.com/mortgage-downpayment-assistance-programs)     **Washington DC:** [DC Open Doors](https://www.borgersonhomeloans.com/dc-open-doors-program) [First Time Homebuyer Tax Credit](https://www.borgersonhomeloans.com/dc-first-time-homebuyer-tax-credit) [Good Neighbor Next Door](https://www.borgersonhomeloans.com/good-neighbor-next-door-mortgages) **Virginia:** [Virginia First Time Homebuyer](https://www.borgersonhomeloans.com/virginia-first-time-homebuyer-savings-plan) [VHDA Loans](https://www.borgersonhomeloans.com/vhda-loans) **Maryland:** [Maryland Mortgage Program](https://www.borgersonhomeloans.com/maryland-mortgage-program) [Smartbuy 3.0](https://www.borgersonhomeloans.com/maryland-smartbuy-30) **Resources:** [Mortgage Knowledge Hub](https://www.borgersonhomeloans.com/blog) [Homebuyer Q&A Sessions](https://www.borgersonhomeloans.com/homebuyer-seminars) **Locations Served:** [DC](https://www.borgersonhomeloans.com/locations/washington-dc) [Virginia](https://www.borgersonhomeloans.com/locations/virginia) [Maryland](https://www.borgersonhomeloans.com/locations/maryland) --- [![Matt-Borgerson-Team-Harpoon-1](https://www.borgersonhomeloans.com/hs-fs/hubfs/Matt-Borgerson-Team-Harpoon-1.png?width=250&height=101&name=Matt-Borgerson-Team-Harpoon-1.png "Matt-Borgerson-Team-Harpoon-1")](https://www.borgersonhomeloans.com/) [PRIVACY POLICY](https://www.swbcmortgage.com/privacy-policy) | [Privacy Disclosure to California Residents](https://www.swbcmortgage.com/ccpa-policy) | [NMLS CONSUMER ACCESS](https://www.nmlsconsumeraccess.org/TuringTestPage.aspx?ReturnUrl=/EntityDetails.aspx/COMPANY/9741) | [DISCLOSURES](https://swbcmortgage.com/mortgage-licenses-disclosures) | [SWBC Mortgage Corporation](https://swbcmortgage.com/) 4500 East West Highway, Office 750 Bethesda, MD 20814 Matt Borgerson, NMLS # 1213242. SWBC Mortgage Corporation, NMLS #9741, check licensing at www.nmlsconsumeraccess.org. AZ BK #0950067; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act #4130449; Licensed by the N.J. Dept. of Banking and Insurance. Massachusetts Mortgage Lender & Mortgage Broker License MC9741. Not all originators are licensed in all states where SWBC Mortgage operates. Loans subject to credit and property approval, restrictions and conditions may apply. Not all loan programs or loan amounts available in all areas. Programs and guidelines subject to change without notice. Refinancing an existing loan may result in higher total finance charges over the life of the loan. Debt consolidation does not pay off debt and may result in a higher long-term expense. Corporate office: 9311 San Pedro Ave., Ste. 100, San Antonio, TX 78216. © 2026 SWBC. 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