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
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.


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 applications 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.