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
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.
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.
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 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 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 (12)
Danyette Rowe
Dec 31, 2021
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Andrew M.
Oct 29, 2021
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Ken Bach
Oct 16, 2021
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Michael Elborn
Oct 16, 2021
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Ashton Wilson
Sep 27, 2021
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Ability Mortgage Group really came through when we were close to giving up. Working with Peter, Craig and Jim was very easy, laid back and efficient. They all were very responsive and informative. If one wasn’t available for a call, they made sure someone else gave us a call back within a reasonable amount of time. My husband and I are VERY satisfied with the work that Ability Mortgage put in during our hunt for a house, and when. we finally found one. We couldn’t have been paired with a better company. And these were the guys who won the war for us after we tried at least 3 other lenders.
Robert MacWilliams
Aug 30, 2021
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Deepa Rao
Aug 06, 2021
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Lisa Goodman
Aug 05, 2021
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Amir Attarian
Apr 18, 2021
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This is the second time that I have them as my mortgage broker and each time I witnessed that they did their best to provide me with the best available mortgage rate that was on the market. I highly recommend them to you if you are looking for a broker who cares about you and eventually will give you a good deal.
Logan Cosgrove
Mar 07, 2021
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Craig at Ability Mortgage made my first home purchase five years ago effortless and he more recently helped me refinance my home. He made the the refinance process extremely simple and answered the many questions I had. Within three weeks of contacting him, I was able to close on my new loan. I recommend Craig and Pete to all of my friends purchasing and refinancing!
Tarik S.
Jan 18, 2017
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Gabe D.
Sep 09, 2011
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I just completed my second financing with Peter. I received a great rate and quality service. My closing went smoothly and all rates and costs were as discussed upfront. From start to finish, I closed on the loan to buy a second home beach property in two weeks. I would highly recommend Ability Mortgage.
