Cornerstone First Financial
Credit & Debt Services in Washington, DC
Home Refinance, Home Equity Loans, Purchase Loans and Debt Consolidation Serving DC, Virginia and Maryland. We're the 1st answer for individuals and families seeking to make their lives better through home ownership. At Cornerstone, we provide a huge range of loan products and services including 1st and 2nd home mortgage loans, the most competitive interest rates, refinancing of existing mortgages and debt consolidation.
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read moreWhen you refinance your home, you pay off your existing mortgage loan and replace it with a new one. Most people refinance their home to either lower their payments or shorten the payment timeline. Many others explore home refinancing to take money out of equity for debt consolidation or bigger purchases like home improvement projects. Not unlike the original mortgage, refinancing takes a little bit of work. It requires appraisal, title search, etc., but for most homeowners the benefits greatly outweigh the burdens.
FHA Loans
read moreWhether we're loaning a household tool to a neighbor, or a lender is loaning hundreds of thousands of dollars for the purchase of a home, we all know that with any loan, there is a risk of "not getting it back." People (and financial institutions) are much more likely to loan something when there is insurance in place that guarantees return or repayment. This is where the FHA impacts home buying. The Federal Housing Administration, generally known as "FHA", is a government agency that provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories.