Tony Toy

Clients looking for a smart mortgage consultant and a company that really cares come to me. They can count on me to listen and understand their vision and stay committed to doing what’s in their best interest. I know that every client has different financial goals, so I take the time to understand their vision so I can recommend smart mortgage solutions. To find a smart home-financing solution, contact me!

Branch Manager
NMLS ID # 187828
301-667-8233
tony@mortgageright.com

Please note: You will be taken to an application page that will require you to create an account if you have not created one already.

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Mortgage Loan Options

CONVENTIONAL MORTGAGE LOANS

Conventional loans are not insured by a government agency
Require a minimum 3% down payment
There are a variety of fixed and adjustable rate conventional loans to choose from
Generally carry strict guidelines on credit scores, loan to value ratios, debt to income and down payments
Interest rate varies based on credit score and loan term
Offers 10, 15, 20, 25, 30 and 40 year repayment terms

FHA MORTGAGE LOANS

Great for first-time buyers and buyers with lower credit scores
FHA loans are not restricted to first-time home buyers or low-income buyers
Easier requirements for income and credit score
Minimum down payment 3.5% and lower closing costs
Mortgage Insurance may be less costly than private mortgage insurance (PMI)
Seller can contribute up to 6% of selling price to cover closing costs

USDA MORTGAGE LOAN

Special financing in USDA defined areas
Flexible credit guidelines and qualifying criteria
Lower than market interest rate
No down payment required
Closing costs can be seller-paid or rolled into the loan
Lower monthly private mortgage insurance (PMI)
Ability to finance upfront PMI

VA MORTGAGE LOAN

Eligible for Veterans who have or are actively serving in the military and surviving spouses of Veterans
Qualify with suitable credit, adequate income and valid Certificate of Eligibility
Borrow up to 100% with no money down and no mortgage insurance requirement
Veterans can refinance through the IRRRL (streamline refinance)
Can include cost of remodeling up to 103.15% appraised value
Offers 10, 15, 20, 25, 30 and 40 year repayment terms

JUMBO MORTGAGE LOAN

Financing for high-priced and luxury homes
Good option for self-employed buyers
Available for primary residences, second homes and investment properties
Flexible down payment minimum of 5% on loans up to $2 million
Mortgage insurance is not required
Jumbo cash out refinances up to 95% loan to value with no mortgage insurance

REVERSE MORTGAGE LOAN

Borrower remains the owner of the home
Can stay in your home without ever making another monthly mortgage payment
With a Reverse Mortgage, the borrower receives funds payable when the last borrower leaves
Borrowers must occupy the property as their principal residence
Protection against a declining housing market

The Benefits Of Refinancing

If you are looking for a lower rate to ease cash flow or a shorter term to get your mortgage paid off sooner, we can help you make the RIGHT decision.

Getting a new mortgage to replace the original is called refinancing. This process allows the borrower an opportunity to obtain a different interest term and/or rate. The first loan is paid off, then the newly refinanced loan goes into effect.

It is common for people to refinance when they have equity in their home, which is the difference between the amount owed on their mortgage and the appraised value of the home. In that situation, the borrower has an option to “cash-out” (hence the term cash-out refinance) the value of their home equity allowing them to remodel their home, consolidate debt, pay for college, or other expenses.

Remodel / Renovation

Lifestyle Upgrades

New Start-Up Business

New Baby on board / Adoption expense

Debt Consolidation

Education expense

significant Home damage

When she says 'yes'

Testimonials

Tony was the second mortgage lender I have ever used. He was the best ever. We handled everything over the phone with him and his staff. Which was perfect as well. I had a few credit issues and they were handled extremely fast. We also had to close by a certain date and Tony and his team made it happen. I couldn't recommend him enough.

Tony and his team did a phenomenal job in both my original mortgage and our refinance nearly a year later (Fall 2019). He did everything he could to get my wife and I the best rate possible. Tony is knowledgeable, personable, friendly and easy to communicate with. Would highly recommend to any buyers.

I cannot say enough GREAT things about Mortgage Right! All of the employees are amazing to work with. In addition to having an excellent staff, my rate came in much lower than expected and I was approved almost instantly! I will NEVER work with or recommend another company!