Gerry D'Ascoli - Rockville

Gerry D’Ascoli

As a 20-year veteran of the mortgage industry, Gerry has spent his career helping hundreds of clients reach their dreams of homeownership. He understands each individual’s needs are different when it comes to purchasing or refinancing a home. Gerry is committed to finding the mortgage solution that best fits his client’s personal and financial goals and enjoys working with all types of clients to help turn their vision into a reality. Whether you are a first-time home buyer, a seasoned pro, Gerry will deliver exceptional customer service and a positive partnership in each mortgage transaction.

Buying a home is likely the biggest purchase a person will make over the course of a lifetime and deciding when and how to refinance that mortgage requires careful consideration. Gerry takes this role very seriously and truly appreciates the many individuals and families that have counted on him to handle their home financing. As the son of a military veteran, he is also passionate about helping men and women who have served our country receive their due benefit under the VA mortgage loan programs.

At MortgageRight we can deliver where the larger banks and online lenders can’t. We have the best tech and offer fast processing, underwriting, and closing which differentiates us from other lenders, enabling us to make your mortgage lending experience a positive one.

Mortgage Loan Originator
NMLS ID # 525288
301-613-2855
GerryD@MortgageRight.com

Use our free mortgage loan calculator to start estimating how much home you can afford and what your payment will be. This calculator is for estimating purposes only.

There are many factors that can affect your mortgage rate and payment, including credit score, income to debt ratio and current assets. Our mortgage loan specialists at MortgageRight are ready to help you through the mortgage process.

The calculated results are intended for illustrative purposes only and accuracy is not guaranteed. Be sure to consult a financial professional prior to relying on the results.

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

“Gerry was there for us every step of the way. He worked great with our real estate agent to make sure we had every question and request answered and handled ASAP! He not only got us a great fixed rate on our mortgage but also managed to get us over $4000 lower closing costs than expected! He even took the time to come to our closing and see the house for the first time afterwards....and with a housewarming gift no less! I would recommend Gerry and his team every day and twice on Sunday.”

“Gerry made the entire process painless! Everything went smooth and with absolutely no stress on us during the process. I've had multiple home purchases and all but my first one were with Gerry. We found our forever home and immediately called Gerry. If we ever move out of our forever home, I have him on my speed dial.”

“I cannot express what a wonderful experience this has been to work with Gerry. Not only have I referred people to Gerry and they were thrilled, I got to experience it myself. Gerry was available 24/7 (or so it seemed) and went way above and beyond for me. I truly appreciate all Gerry did for me through this very important process.”

"Gerry is the first and only Lender we go to for any of our mortgage needs. He is amazing, efficient, responsive and definitely one of the hardest working person we know in the mortgage business. He walk you through the entire process and follow up with you to the end. A gem in this industry!”