low rates

Rates AGAIN have hit historic lows…How long will they last this time around? Does it even matter to the troubled housing markets?
Both 30 year and 15 year mortgages have hit record lows this week thanks to a contageous sovereign debt crisis. The financial crash and mortgage meltdown of 2008 is behind us, but not that far… Now we are dealing with a GLOBAL Debt crisis. The US is no exception to the crisis. Our mounting debt and domestic liabilities have been piling up for decades with no exit strategy in sight (or on the radar). The political games of Washington were on full display to the American people over the past few months with Debt Ceiling issue.
Well, thanks to the flury of what seems to be never ending negative bad news, mortgage rates will continue to bounce around historic lows. The problem is we have no idea how long this historic lows will stay in effect. The market is set for a turbulent ride of bumps and lumps! One day rates will be 4.0% and the next 4.25% or higher. Take advantage of the dips!
Get started today and lock in your application.

It is officially the Home Buying season! More purchases happen over the summer to early fall months than during any other time of the year. Allied Welcomes the home buying season with Delaware, Pennsylvania, and New Jersey’s most home buying loan products.
We have the Delaware First time home buyer mortgage programs where we can supply qualified first time home buyers with up to $10,000 to be used for down payment and closing costs. So whether you have a lot or a little money in the bank you can still afford to own a home. Plus, the rates are GREAT. Low rates and low home prices right now are fueling the market.
Allied proundly offers Pennsylvania’s first time home buyer programs as well. The PA first time home buyer can enjoy up to $3,000 in down payment and closing assistance with a PHFA mortgage. Allied is a direct lender on the first time homebuyer program.
New Jersey has a housing start progam also for qualified applicants. Call us today for the tristate areas first time home buyer options.

Do not miss this perfect storm of low rates, low home prices, and great mortgage products.

Allied is an equal housing lender licensed by the PA Dept of banking, NJ dept of banking and insurance and Delaware dept of banking.

Allied serves Wilmington, DE with low rates as a direct lender. Allied lend in New Castle County, DE, Kent county and Sussex county DE.
We are Pennsylvania’s premier low rate direct lender serving Philadelphia Mortgage needs, Delaware county low rates, Chester county local direct lender, montgomery county mortgage lender. Allied proudly funds loans throughout the entire state of PA.

After several weeks of rising mortgage interest rates, the market has pulled back. Rates are trending below 5% instead of above. Anyone who missed the last few months low rates should look again into refinancing. THis maybe the LAST time we see rates below 5% for a while. The reason for this is because the US Economy (dare I say it..) is IMPROVING, which genereally means high rates. But why are they ticking down..??..? UNREST in the Middle East and pressure on OIL prices are causing investors to buy bonds again. The feeling on the trading floor is that the Economy is Improving, but only slightly. Rising Energy costs could quickly pump the breaks on many thriving industries. Such as AIRLINES which have 40% of their cost in FUEL, FOOD/Commodities which get deliverd via trucks and trains that use energy, HOTEL which has spring and summer markets around the corner waiting for consumers to arrive via plane train and automobile. So with a soft economic recovery you can easily see how rising oil could slow us down

With all of that analysis said, CALL ME TODAY and refinance or purchase a home now.

Purchase specials are still available. No Money down loans are still real!!

You need credit to get credit!! FACT.

Many times we run into individuals who have savings, income, and the desire to purchase a home. But they don’t have the proper credit score and history to get approved for a loan. Some people never even apply because they think that they have bad credit and would never be able to get a home loan. Do not be afraid! Call us to review your credit file and offer tips and tricks to get you on your way.

When you have NO or a limited amount of open and active credit accounts (loans, credit cards, etc) your credit score will just sit there and eventually fall off! If you have only collection accounts your score will just go down lower and lower until your report stops reporting a credit score. THis is the worst case because once your score disappears, so do your chances of getting a mortgage or any loan.

WHAT DO YOU DO?— GET CREDIT!! HOW???
Well, when you have no score or a low score you have to PAY to PLAY. Basically you need to get a secured credit card (or TWO) to have your account rebuild a POSITIVE history and revive your score. We have a link on the home page to get a secured credit card for only a $200 deposit! this is the lowest in the industry. (some fees apply). Get the card!!!!! The money for the deposit gets locked in the bank’s vault until you cancel the card. Do not cancel the card anytime soon. You need to build other credit types before cancelling the new account.

After you get the card you have to use it properly. Here are my proven suggestions on how to use the card:
1. Use the card ONCE or twice a month.
2. Never charge more than half of the balance on a monthly basis (this means if the limit is $200 NEVER owe more than $100)
3. PAY on time!!
By the time you make your thrid payment your score will go up tremendously. Do not close the account until after you have closed on your mortgage. It maybe in your best interest to keep the account open for even longer.

Now get on your way to getting credit today! The sooner you do this the sooner you will have a mortgage.

SHORT AND SWEET TODAY…

Lowest Mortgage rates ever.

Refinance NOW or miss the boat.
Refi mortgages in PA DE NJ
www.amghomeloans.com

With interest rates at all time lows more and more clients are refinancing their home loans. Many for different reason. Some are just looking to lower their monthly mortgage payment and put the money in the bank. Others are looking to cut their mortgage term from a 30yr loan down to a 20yr or even 15yr. With rates so low the payments on 20yr loans are often the same as your present 30yr payment. The benefits on the lower term are often in the form of tens, sometimes hundreds, of thousands of dollars in savings. The savings are felt when you pay your home off up to 10 years sooner than you were orignally on pace for.

Here is a clients real scenario.

Presently they were paying $1900 per month in Principal and Interest on a 30yr loan. They were 3 years into a 30 year home loan. (so the had 27 years to go)
A new refinance to a 20 year loan saves them 7 years of payments! (27 remaining yrs minus the 20 yrs on the new loan that paid that one off).
The payment on the New 20yr loan was actually $20/mth less than their old loan at 30yrs. Now here is the overwhelming benefit:
Take the $1900/mth they were paying and times it by 84 payments
(84 is 7yrs of payments that they will eliminate)
$1900 times 84= $159,600 WOW!! That is some serious savings
You can save a ton of money by cutting the term down on your loan. There is no better time than today to get a quote and analysis of your present loan.

Get out of Mortgage debt sooner than later. Refinances are offered in Pennsylvania, Delaware, and New Jersey. Start working with the Tri-state areas most referred Direct lender.

Low rates, low fees, fast turn times, and expert advice.
Pennsylvania Refinance
Delaware Refinance
New Jersey Refinance
….EXPERTS

Yes, it is true! Interest rates have hit an all time low once again. But how long will it last this time around? The last few dips in interest rates have only lasted 1 to 2 months at a time and this recent drop is probably going to be about the same. Act now and get your loan scheduled today. Refinancing takes about 3 weeks from start to finish to accomplish. You can get cash-out to pay off debt or just simply reduce your interest rate and term.
Allied Mortgage Group is a direct local lender. We lend in Pennsylvania, Delaware, New Jersey and more. The tri-state area is our core lending arena. It is free to call in and talk to a Loan Representative to get some options. Clients are saving hundreds of dollars per month with our rates being in the 4% range. Many are reducing their mortgage term from thirty years down to 20 or even 15 years.
Take advantage of the dip and call today. A quick and painless twenty minute phone call could save you tens of thousands of dollars in interest over the life of your loan. It is a no brainer!

Call 302-477-9449 NOW!!

Low mortgage rates in PA, NJ, and DE. refinance or purchase. Low down payment options. Rates are dependent upon credit approval, debt to income ratio, loan to value. This is not a commitment to lend.