Established in 2002.First Washington Mortgage has provided over 500 million dollars in residentional home mortgages since 2002. We are FHA approved and licensed in Maryland, Virgina, Washington DC and Florida.First Washington Mortgage specializes in residential home financing. We specialize in Fannie Mae, Freddie Mac, FHA and VA purchase and refinance home loans. We have over 20 years experience in the Washington DC metro area with over 500 million in closings. We are commited to providing our clients with the best possible service and lowest rates in the Washington DC area.Generally, reverse mortgages require you be at least 62 years old, have a small or zero balance owed against the home and maintain the property as your main living place.You might be able to bring down your interest rate (sometimes substantially) and reduce your monthly mortgage payment amount with a refinanced mortgage. You may also have the option to "cash out" a portion of the built-up equity in your home, that you are able use to take care of higher interest debts, make home improvements, or finance a vacation. You may be able to refinance to a shorter-term mortgage loan, giving you the ability to add to your home equity quicker.