About
Pathlight Home Mortgage Solutions
Thank you for visiting  and welcome to Pathlight Home Mortgage Solutions! For over 15 years, I've enjoyed helping friends and friends of friends get great deals on mortgages as they've purchased and refinanced their homes.

Pathlight Home Mortgage Solutions was started in early 2016 to excel in doing exactly that - to offer borrowers a "personal touch" in finding the most competitive rates and programs available, along with keeping closing costs as low as possible.  Also to help those who may have had difficulty with their credit history over the years. 

Call or email me today for a free consulation on the best mortgage options to fit your needs - conventional, jumbo, FHA and VA 30-year fixed and ARM offerings at the most competitive rates available.

 
CALL TODAY!
301 613-1437
TO APPLY CLICK HERE!https://blink.mortgage/app/signup/p/pathlighthomemortgagesolutions

Pathlight Home Mortgage Solutions
NMLS# 1438768
Licensed and bonded in DC, MD
MD Lic: 06-22138       DC Lic:MLB1438768 
NMLS: www.nmlsconsumeraccess.org
About Pathlight Home Mortgage Solutions
- An experienced mortgage professional ready to help you with your home financing -
 Helping people to get the best possible deal when it comes to their mortgage financing grew out of starting a debt negotiating service in 1996 to help small business owners manage and get relief from their debts - allowing them to be able to keep their homes and their businesses by getting them cash and/or making their monthly payments more affordable.  

Pathlight Home Mortgage Solutions is liscensed in Maryland and the  District of Columbia to broker residential mortgage loans to the most competitive, responsive, and flexible sources of mortgage money in the country.   As outlined below we have a comprehensive list of programs including fixed and adjustable conventional, jumbo, FHA and VA loans available for whatever may best suit your need.
Programs/Options
Thirty-Year Fixed Rate Mortgage
The 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This is most likely the best option if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper.  It may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

Fifteen-Year Fixed Rate Mortgage
This loan is amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you'll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in less time.

Adjustable Rate Mortgages (ARMS) 
(3/1 ARM, 5/1 ARM, 7/1 ARM)
These increasingly popular ARMS—also called 3/1, 5/1 or 7/1—can offer the best of both worlds: lower interest rates (like ARMs) and a fixed payment for a longer period of time than most adjustable rate loans. For example, a "5/1 loan" has a fixed monthly payment and interest for the first five years and then turns into a traditional adjustable-rate loan, based on then-current rates for the remaining 25 years. It's a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs.

When it comes to ARMs there's a basic rule to remember...the longer you ask the lender to charge you a specific rate, the more expensive the loan.

HomeStyle and FHA 203K
Money for fixups both during purchase and refinancing!


Government Loans - FHA and VA
FHA offers fixed-rate loans for as little as 3.5% down which can be gifted from a family member.   FHA accepts down to a 580 credit score.  These loans are assumable and the rates are generally a bit lower because they're insured by the federal government.  They have an upfront and monthly mortgage insurance premium.

The VA offers loans to eligible American veterans or their surviving spouses (provided they do not remarry). The basic intention of the VA program is to supply home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment.

The VA loan allows veterans 103.3 percent financing without private mortgage insurance or a 20 percent second mortgage and up to $6,000 for energy efficient improvements. A VA funding fee of 0 to 3.3% of the loan amount is paid to the VA; this fee may also be financed. In a purchase, veterans may borrow up to 103.3% of the sales price or reasonable value of the home, whichever is less.
DOCUMENTATION
The following information is usually required during the loan process:
Your Social Security number
Date of Birth
Driver's License or ID
Current pay stubs or, if self employed, your tax returns for the past two years
Bank statements for the past two months - (showing funds to close)
Optional or as necessary:
Investment account statements for the past two months
Retirement account statements for the past two months
Green Card

For Refinances or if you currently own Real Estate:
Mortgage account information
Home insurance policy information
Home equity account information (if applicable)
DO'S AND DON'TS!!!
To help avoid any delays with your loan approval, we have created a list of  Do’s and Don’ts for you to follow during your loan transaction to make  things as smooth as possible.

Do
Continue to make your mortgage or rent payments on time
Stay current on all existing accounts
Continue to work for the same employer
Continue to use the same insurance company
Continue living at your current residence
Continue to use your credit card as you normally would
Keep credit card balances at or below 40% of credit limits
Call us before doing anything regarding your employment, credit cards or assets.

Don't
Make a major purchase (car, boat, etc.)
Apply for new credit or loans of any kind
Pay off any collections or charge-offs before consultation
Change bank accounts or banks unless advised
Consolidate your debt into fewer accounts
Start any home improvement projects
Deposit cash or non-traceable funds
Close credit card accounts
Borrow money
Transfer checking or savings balances from one account to another
Max out or over charge existing cards
Raise red flags to the underwriter (i.e. co-signing on another person’s loan, change your name and address)
Plan a vacation during your loan transaction without informing your loan officer
Do not give notice to your landlord before consulting with your loan officer

Very Important!
Do not incur any additional debt during the loan process. This could potentially have an adverse effect on our ability to offer you financing. This also includes raising balances on existing credit cards. Please contact me should you have any concerns or questions.

Contact
Telephone:    (301) 613-1437

Email: [email protected]

Address:
10409 Brunswick Avenue
Silver Spring, Maryland 20902
Privacy Policy
Pathlight Home Mortgage Solutions understands your expectations for privacy and security with respect to your personal financial information. The Privacy Policy is designed to inform you of the types of information that we collect from our customers, along with how we use that information and the circumstances under which we will share it with third parties.

Introduction
Pathlight Home Mortgage Solutions understands your expectations for privacy and security with respect to your personal financial information. The following privacy policy is designed to inform you of the types of information that we collect from our customers, along with how we use that information and the circumstances under which we will share it with third parties.

We Respect Your Privacy
Pathlight Home Mortgage Solutions respects your privacy and is committed to treating your information responsibly. We believe that many customers appreciate the offer of products and services that may be useful to them. At the same time, we understand the need to safeguard sensitive information that you have provided to us, and that you expect privacy and security for your personal and financial affairs.

Information Collection
Pathlight Home Mortgage Solutions will collect nonpublic personal information about you only when we reasonably believe that the information will be necessary and useful in processing or administering your loan; or providing products, services and other opportunities that we think will be of interest to you. In this notice, the term nonpublic personal information refers to information about you that we receive from the sources described below and that is not otherwise lawfully available to the general public.

We collect nonpublic personal information about you from the following sources:
Information we receive from you on your application or other forms, such as your name, social security number, assets, and income;
Information about your transactions with us, our affiliates, or others; such as your account balance, payment history, parties to transactions;
Information we receive from a consumer-reporting agency, such as your credit worthiness and credit history.

Information Sharing Permitted By Law
We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted or required by law. For example:
In response to a subpoena;
When we are authorized by you, in writing, to disclose to a third party from whom you wish to receive a service or product;
When we share information about experiences and transactions with you with one of our affiliates.

Joint Notices
If you have a joint account with us (i.e. you have a co-borrower), you should share this notice with the person who shares the account. He or she may not get a separate notice.

Our Former Customers
After you are no longer a customer of Pathlight Home Mortgage Solutions we will continue to treat your nonpublic personal information as if you were still our customer.

Maintenance of Accurate Information
We have established procedures designed to ensure that your nonpublic personal information is as accurate and complete as possible, and is in accordance with reasonable commercial standards. If you believe that our records contain inaccurate or incomplete information about you, please notify us by calling  301 613-1437 or sending a written inquiry to us at 10409 Brunswick Avenue, Silver Spring, MD 20902 and we will take commercially reasonable steps to investigate your concerns and correct inaccurate information in a timely manner.

Confidentiality and Security
We limit access to nonpublic personal information to employees who use this information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations in order to guard your nonpublic personal information. We appreciate your business and want you to understand our commitment to maintaining the privacy of your nonpublic personal information, as expressed in this Privacy Policy. This Privacy Policy applies only to individual consumers. This Privacy Policy is effective as of April 2, 2016. We reserve the right to amend the policy at any time. If you have questions about this Privacy Policy, please contact John Stoner at the phone number or address above.