About Alan
With big dreams and even more determination, Advisors Mortgage Group, LLC was founded in October 1999 by a single loan officer in a 400 square foot office in Shrewsbury, New Jersey. In the years since its formation, Advisors has grown to serve not only the greater New Jersey area, but also a vast portion of the United States.
Our immense experience is our greatest asset and is the foundation of the success of the company and every Advisors branch and loan officer.
Free guides from Alan
First-Time Buyer Guide
Why own, the 7-step path, the document checklist and the do’s and don’ts — read it here, no download.
Where to find Alan
Alan works out of our Gainesville, FL office. Branch NMLS #1809159.
What clients say about Alan
170 client reviews
Verified client reviews via Experience.com
Great communication and follow through!
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Professional, helpful and friendly group. Easy to work with and the process went smoothly and the loan closed on time.
Alan was always there to answer any questions or concerns and the ladies doing work in the background were just as helpful, patient, and understanding!
You guys were amazing and made buying my first home easy
Best customer service I've experienced. It went above and beyond to make sure I was taken care of. Great team to work with. It was a phenom work!!! Thank you Ms Dada, Sir Alan and Team.
As a non US citizen and a resident alien i never thought that it would be possible to own a home in the US. I am so glad to come to the right people who figured out a way for me. Many thanks to Mr. Alan and the team in supporting me in achieving this goal.
Please see previous note.
Working with my contact and his team at Advisors Mortgage made the process so easy. It was almost effortless sending/receiving necessary documents and disclosures electronically. All questions were answered thoroughly and in a timely manner. And this was an out-of-area transaction with the closing done with a local notary.
Naaaaaaaaaaa
Alan is a great guy and will fight to get a great deal.
Thank you for the great service.
Good communication, providing suggestions, quick reply, and overall activities were done smoothly.
This is my second dance with Advisors Mortgage Group. The first experience was enjoyable. Slugger, aka Alan and his team delivered on closing my first mortgage promptly. The experienced gain from this encounter increased my knowledge base about the whole ownership process. This team took me to the World Series of mortgages. During that game seven, they stepped up into that batter's box and hit a grand slam that brought me into a new home. I will forever be grateful for the entire team's tenacity to help me secure my place of residence. During Covid, I noticed, like many others, that interest rates were low. My first inclination was to call Slugger Alan. He picked up promptly, and we began the most stress-free process of refinancing. This encounter was so much sweeter. The entire team was beyond excited to help me secure a rate in the 2% range. Although the dance was quick, less than 30 days. The experience of dancing to beat minus two left feet was heavenly. I recommend this company because they get you to the table to "SIGN". Meaning, Alan's entire team embody's Sincerity, Integrity, Graciousness and Nice. When you're going through this process, you need individuals that will go to bat for you on the spot.
We didn’t know what we were doing and everyone was very helpful.
Excellent experience in getting a mortgage and gave me the lowest possible rate.
Very knowledgeable
The team they make sure that all my questions are answered and we’ll explained. Everything is astonishing .
All representatives and advisors were very helpful throughout the mortgage application process. Everything went smoothly for our application process and all questions we had were answered very quickly and completely.
Alan Mcglynn was an amazing person to meet. I came to Alan after I was failed by another lender. He and his team solved my issue and he guided me through the process while providng great advice. He deliverd a much better experience than he promised.
I had a very good experience working wit Alan. I will gladly refer him to my friends an family.
Communication
The team was very helpful thru the all process.
Has personal problems that interferes with his work.
Honest and great team!
Latest market updates
The latest PCE inflation report came in cooler than expected, giving both stocks and bonds a boost. Headline inflation rose just 0.3% for the month, while the year-over-year rate fell from 3.7% to 3.4%, better than forecasts. Core inflation, which excludes food and energy, increased only 0.2% and declined from 3.3% to 3.0% annually.
The softer inflation data could reduce pressure on the Federal Reserve to raise rates immediately. New York Fed President John Williams indicated there is no urgency to act following September’s rate hike, although he still expects another increase may be needed later this year.
One area of concern is consumer finances. The savings rate dropped from 4.6% to 4.1%, its lowest level in four years, suggesting consumers continue to spend while saving less.
The inflation report was encouraging for financial markets and showed meaningful progress toward lower inflation, which could help ease some of the upward pressure on interest rates if the trend continues.
Source: MBS Highway
The housing market is shifting in buyers’ favor as more homes become available and competition eases. Redfin reported that,“Sellers outnumbered buyers by 58% in August, the biggest gap in Redfin’s records, driven by a surge in listings and stagnant demand”.
This is the widest gap since Redfin began tracking in 2013. Also interesting is that housing supply reached its highest level in more than a decade, giving buyers more choices and negotiating power.
Affordability remains a challenge, with mortgage rates around 7% and the median existing-home price rising 1.6% year over year. Pending sales and mortgage applications have declined, as high costs and economic uncertainty keep some buyers on the sidelines. Many homeowners are also hesitant to trade their existing low mortgage rates for higher ones.
In some markets, homes are taking longer to sell, prompting sellers to adjust prices and increase marketing efforts. Buyers with substantial cash or home equity are especially well positioned, although the overall sales pace through August remained largely unchanged from last year.
For buyers who are financially ready, greater selection and less competition offer an encouraging opportunity to find a home that fits their needs and budget.
The Federal Reserve raised its benchmark interest rate by 0.25 percentage points, bringing the target range to 3.75%–4.00%. The Fed made the move because they feel that inflation remains elevated, while consumer spending, business investment and the labor market continue to show resilience. Higher rates are intended to slow demand and help return inflation to the Fed’s 2% goal.
Although the Fed does not directly set mortgage rates, its decisions influence the bond market and investors’ inflation expectations. When the Fed hikes rates it can be seen as deflationary since it makes borrowing money more expensive and slows down the movement of money. Bond investors’ arch enemy is inflation so a push from the Fed to fight inflation can garner more attention from investors to purchase more bonds which would help mortgage rates decrease. However, the comments following the policy change put pressure on the bond market since Fed Chair Warsh’s comments were seen as “thin” and he also mentioned inflation is still hanging around.
If inflation cools and the Fed wins the trust of the markets by continuing to fight inflation, we could see rates have a chance to improve, but if the opposite occurs rates could continue their trend and increase more. Oil is also a large factor and if we can get it to drop in price it could also assist mortgage rates to improve.
Source : Federal Reserve
