Ability Mortgage Group has been assisting home buyers in Maryland for over 18 years. Locally owned and operated, located on the Eastern Shore in Queenstown, MD. We serve clients throughout the great state of Maryland. Our mission is to provide the best in business solutions and "My Pleasure" customer service to new home buyers as well as homeowners who are looking to refinance their current home.
At Ability Mortgage Group we have access to hundreds of banks with multiple product lines which we offer to our clients at competitive rates. We navigate the complex details of each of our clients' needs and offer the mortgage products best suited for each individual mortgage scenario. Why choose Ability Mortgage Group among the other Maryland mortgage lenders out there you ask?
At Ability Mortgage Group we have access to hundreds of banks with multiple product lines which we offer to our clients at competitive rates. We navigate the complex details of each of our clients' needs and offer the mortgage products best suited for each individual mortgage scenario. Why choose Ability Mortgage Group among the other Maryland mortgage lenders out there you ask?
Services
About us
Report
My name is Peter Dellane. I enjoy working with borrowers and am passionate about helping people in Maryland purchase a home or refinance their current property. As a Mortgage Broker I have the ability to obtain mortgages from major banks at wholesale rates which allows me to pass the savings on to my borrowers.
VA loan options
Report
The purpose of a VA Loan is to provide long term financing to Veterans in all divisions of the military. National government-certified lenders are allowed to issue V.A loans, with the assurance of the U.S Veterans Administration. Keep in mind that VA Loans require no down payment and are quite easier to qualify for than conventional loans.
USDA loan options
Report
Essentially, the USDA Guaranteed Loan is a USDA-supported mortgage. This is where money is loaned by private lending organizations (approved by USDA) such as mortgage companies and banks. The USDA then insures the loan when it is closed. Two type of USDA Loan programs exist: Guaranteed and Direct - each with different rules and conditions.
Jumbo loan options
Report
Jumbo loans provide loan amounts that are higher than the conforming loan limit set by Fannie Mae and Freddie Mac is $424,100 for single-family residences in most places. This is applicable in most areas. However, regions considered as high-cost markets are an exception with a limit of $636,150. High-cost areas are typically large urban centres where the population is high and there is increased demand for housing.
Cash out Refi options
Report
Cash out refinancing or Refi is the process of replacing an existing loan with a new loan that has better terms. This allows the borrower to get some money that he or she can spend on debt consolidation, home improvements and to meet other financial obligations. Your home should have accumulated equity over time to benefit from a cash-out refinance.
Reviews
Be the first to review Ability Mortgage Group.
Write a Review
