Anyone heard of Allied Home Mortgage Capital Corporation?

aixprovenceparis · Joined: 31 Mar 2007 Posts: 4 2.83 Dollars($)

hi guys, has anyone heard of Allied Home Mortgage Capital Corporation? We received a letter from them that they can lower monthly mortgage payment by $488/month. Current mortgage of our home is $2000, which is a bit too high. If we can lower it to $1500/month it will be better for us.
Also, anyone can recommend a good mortgage company which we can can give a lower monthly payment for us? thanks-minimee

Guest 0.10 Dollars($)

Well they claim to be largest net branch company in the country & have license in all states. But I tried their site & it is not opening, alliedmtgcapital.com

aixprovenceparis · Joined: 31 Mar 2007 Posts: 4 2.83 Dollars($)

it says on the letter:
Our new rate reduction plan with a fixed rate (30year) of 5.375(APR 5.93%) could substantially reduce your monthly payments.
example
$270,000 - estimated first loan balance
$2000 - estimated monthly payment
$1512 - new monthly mortgage payment(escrow fees not included)

based on this estimate you will save $488 every month more than $5,856 over a year.

Guest 0.10 Dollars($)

wablola · Posted: Sun Apr 01, 2007 5:38 pm Post subject:

I am with Allied Home Mortgage and Mehlhorn was not clear when he wrote "Well they claim to be largest net branch company in the country & have license in all states." He forgot to add that we are the largest U.S. PRIVATELY held mortgage banker/mortgage broker.

To be honest, I am not familiar with the program that was offered to you. But will do some research for you and find out.

About what derek wrote "And the rate for frm they have quoted is below what the current rates are, you need to ask them how they are possibly able to provide you such low rate." It is below the NATIONAL average rate, not below then the lowest current rate.

However, Derek does provide good advice. Do some shopping with more lenders and mortgage brokers. Doing so will provide you a feel for what the market is like and cause competition with each other to receive your business. Also remember to work with the lender that you feel or know will educate you on the program they are offering. Ask lots of questions and do research on each lender you are working with.[/quote]

wablola · Posted: Sun Apr 01, 2007 5:40 pm Post subject:

Problems with our link? Please try the link below:

"http://www.alliedmtgcapital.com"

I have test it several times today and have contacted our IT dept if we were having any network connection issues. He has indicated to me that there were no issues with our website or network connections.

Please give it a try.

Thank you,

[Link deactivated as per forum rules. Thanks.]

adonis · Posted: Sun Apr 01, 2007 9:49 pm Post subject:

I agree with you Wablola, it is better to shop around with some lenders before taking the decision as to who will be the right person to deal with.

One should ask the lender or the company as many questions as possible so that he is completely clarified with the things that he has to deal with when he is taking out a mortgage.

wablola · Posted: Fri Apr 06, 2007 9:20 am Post subject:

Hello aixprovenceparis,

I did some research and haven't received anything from corporate office. Wondering if possible if you can email me a copy of that letter that was sent to you.

I am assuming that the program that they are offering might be about refinance with a Pay Option Arm to a lower payment but would have negative amortization. In my opinion, not a good deal if you plan on living in the same home for the long term.

Hope this helps.

Guest 0.10 Dollars($)

willisaddo · Posted: Tue Apr 24, 2007 10:46 pm Post subject:

Hello,
I would love the opportunity to show what I can offer you. I look forward to speaking to you. Have a good one!

From your friend,

sagarthakar · Joined: 15 May 2007 Posts: 71 26.83 Dollars($)

According to my daily research and study I will recommend you to the following lenders who have good loan products with flexible rates for borrowers :

1.) Citimortgage
2.) SunTrust
3.) National City Mortgage
4.) Flagstar Bank
5.) American Mortgage Network - now known as VERTICE
6.) Wells Fargo
7.) Aurora Loan Services
8.) Greenpoint Mortgage
9.) HSBC
10.) Interfirst Bank

Above banks are really doing good, have good products and have fantastic rates with them.

I will suggest you to check out from the above 10.

Regards

Sagar

ckalvesmaki · Posted: Mon May 21, 2007 6:32 pm Post subject:

Posted: 21 May 2007 17:29 Post subject:

---------------------------------------------------------------------- ----------

am with Allied Home Mortgage and Mehlhorn was not clear when he wrote "Well they claim to be largest net branch company in the country & have license in all states." He forgot to add that we are the largest U.S. PRIVATELY held mortgage banker/mortgage broker.

To be honest, I am not familiar with the program that was offered to you. But will do some research for you and find out.

About what derek wrote "And the rate for frm they have quoted is below what the current rates are, you need to ask them how they are possibly able to provide you such low rate." It is below the NATIONAL average rate, not below then the lowest current rate. If you are going to quote rate then expand upon the APR......under current market conditions that rate is not possible unless you are paying about 2 discount points....

However, Derek does provide good advice. Do some shopping with more lenders and mortgage brokers. Doing so will provide you a feel for what the market is like and cause competition with each other to receive your business. Also remember to work with the lender that you feel or know will educate you on the program they are offering. Ask lots of questions and do research on each lender you are working with.[/quote]

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