About Shane
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.
Licensed in NJ
Free guides from Shane
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.
Home Buyer Guide
Programs, paperwork and pitfalls — the full buying playbook.
Home Seller Guide
Selling and buying at the same time? Start here.
Where to find Shane
Shane works out of our Red Bank, NJ office. Branch NMLS #131572.
What clients say about Shane
29 client reviews
Verified client reviews via Experience.com
My mortgage experience with Shane was excellent!!! He did a great job...very happy!
Shane Hendricks was very helpful. Very happy his services.
Shane was extremely helpful throughout the entire process! This was our first time buying a house and Shane walked us through every step. He was patient with us and helped us with everything. I would definitely recommend him to friends and family!
Awesome lender to work with. They will walk you through every step and follow through.
Turnaround time was fast and communication was prompt
Shane did an excellent job from start to finish understanding exactly what my needs were. In this challenging house market he was able to alter my down payment toward the end of the sale without me having to lift a finger. Not to mention the extremely competitive rate that he got me!!! 10/10 would recommend!!
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Excellent service by Shane.
Turn around time
A pleasure to work with Shane!
working with Shane was a pleasure, he answered all questions in a timely manner and easy to understand to get things done. Thanks for all his help in making this process painless.
Mortgages for a house can be a bit overwhelming. It’s a lot of money and a big commitment. This process was so smooth and easy compared to our past experiences. Every agent and representative knew our case and understood the steps in the process. We were asked once for documents and nothing was lost or forgotten. We felt cared for and understood. I felt confident I was getting the best available mortgage and the terms were fair. I was also thankful that they have partnered with physicians before and understood my financial future and options. Mostly the closing was easy and everyone was friendly and knowledgeable.
Shane was very thorough from start to finish. He was quick to respond to any questions and very easy to work with.
Shane Hendricks and Advisors were amazing to work with. As first time home buyers, my husband and I had no idea what to expect or what the process was like. Shane walked us through every step of the way, never hesitating to pick up the phone when I frantically called to ask a question. The process was totally seamless and I never felt as if I was in the dark on anything because Shane ensured I knew what was going on behind the scenes. I cannot recommend Advisor’s or Shane highly enough.
Fantastic experience for first time home buyers
Shane and all other agents from Advisros group are very nice, professional and helpful, can explain information in simple way.
Shane Hendricks and Len Herbert are excellent at what they do. I would recommend them to anyone. Communication is great and they will guide you through the process.
Id refer anyone friends or family to use shane for all your mortgage needs
Personalized service and stellar communication
Very informative they were very pleasant to work with and they made everything smooth and easy
Paula Paglia made everything easy to understand she is just fabulous and I would trust her many times over
Service was fast, communication was direct, and the costs/fees felt reasonable.
Every step of the way the process went smoothly and in a timely manner.
Great Rate, Great Company, and The Red Bank Team was Fun to work with.
The aforementioned critique was our biggest issue. This was not a smooth transaction.
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
