About Jim
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 Jim
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 Jim
Jim works out of our Linwood, NJ office. Branch NMLS #1663364.
What clients say about Jim
131 client reviews
Verified client reviews via Experience.com
Made the process very easy and understandable
Jim Garrity is extremely experienced and exceeded my expectations. Jim took the time to expain this complicated process and cared enough to make sure my interests were covered.
We've used Jim Garrity for several mortgages. He is helpful and responsive. Always a great experience!
I'm a real estate investor and I have used Jim Garrity to acquire all of my financing for the past 5 years.. He goes out of his way to find the best possible companies to get the best financing and interest rates possible. It's not just about business with Jim he genuinely cares about his client's goals.. He's real as It gets and tells it the way it is like a true friend would.
Loan process was easy and friendly. Every step was very easy and super informative. Kudos to James and the team!
Second property purchase with Advisors Group and Jim specifically. If in the market again I will contact Jim. He was accessible , knowledgeable , supportive really did his work to get us what would work for us.
Wonderful customer service received from Jim and Christina. Load was processed extremely fast for a 10 day close. Would recommend this team to anyone!
Everyone was efficient at answering my questions and telling me what documents were needed.
So professional and knowledgeable…was a pleasure to deal with
Jim and Christina were always there when I called and needed help. They walked us thru everything and guided us and explained all the forms we had to fill out. They made it very easy and no stress for us. Can’t thank them enough !!
Everyone that I worked with was very helpful in helping me with everything that I needed to do.
Great experience
Advisors Mortgage made the process of buying my first home very streamlined. Thank you very much for helping me in the complicated process with everything involved in purchasing a place I can finally call my own.
Jim Garrity and his team are the best in the business. They are professional and responsive. The process is seamless and timely. I’ve used their services multiple times, and as always, it’s a great experience.
Very professional
Great communication between all parties, realtor me and lenders group!
Excellent service
James Garrity at Advisors Mortgage and his staff members, especially Christina Stanfa, were a pleasure to work with. They provided an excellent rate given the market conditions, and made the process seamless. We were provided updates along the way and had no issues as we navigated to a very quick settlement date. I highly recommend them for your mortgage needs!
The individuals that helped through the process.
I was very nervous going into the process of buying a home alone but James assured me I would be approved and could move in by the next month, which seemed impossible but he and my realtor made it happen in less than a month and I couldn't be happier ! the process was easy and fast, I would recommend Advisors Mortgage Group to all of my friends and family. Thank you!
Advisors Mortgage Company got us great rates and supported us through the closing process with ease. They are professional and knowledgeable and kept our interests in mind during the mortgage process. Would highly recommend them.
Jim and Christina were always there when we needed. They both made the experience easier.
Overall everyone is reliable, competent, quick, and super great to work with on the title side an customer side. Great team all around!
Good team work
I needed a mortgage guy james Garrity helped me any questions he had the answer Excellent service I would use him again
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
