About Phillip
I have been in the mortgage industry for over 25 years and I love that my job as a mortgage professional is to listen and understand each borrower’s goals and priorities and then offer them home financing that fits their individual situation. My number one priority is to make sure my clients know what is happening with their mortgage through every step of the process from submitting their application to getting to the closing table. When I am not working, I love construction and design and working on new residential projects. I enjoy taking bike trips across this wonderful country of ours and visiting my children and grandchildren with my wife, Marcy. Feel free to contact me for a mortgage consultation to see how I can help you with your future goals.
Licensed in NJ, PA
Free guides from Phillip
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 Phillip
Phillip works out of our Freehold, NJ office. Branch NMLS #1550602.
What clients say about the Freehold team
944 client reviews
Verified client reviews via Experience.com
Jason was responsive and helpful throughout the entire process.
I was successful in getting the house which met all my criteria because of Michael
Was a pleasure to work with you, folks
Just a great experience overall.
I felt extremely comfortable working with Mike but I felt stressed having to do so much via computer. Fortunately because communication was easy, I was able to complete the process.
This is my second time using Mike and I could not have had a better experience. I'll never go anywhere else, can cannot reccomend him enough!
Brian was very thorough and informative throughout the process, taking time to ensure I understood each step . Looked out for my best interest in finding the mortgage that best met my needs.
Great working with them.
We had a wonderful experience with Advisors Mortgage Group as first-time home buyers in NJ. Our loan officer, Brian Palatucci, was fantastic — always there to educate and guide us throughout the process. It's clear he's both knowledgeable and passionate about his work, and we're confident he'll continue to support us in the future. The full team was also prompt and communicative, which made for an easy transaction despite a fast close deadline. Highly recommend!
5 stars, smooth transaction, good advice, strong ownership culture.
Brenda was wonderful. As a first time homebuyer she explained everything and made us feel so comfortable. Would highly recommend.
I cannot say enough great things about my broker. From start to finish, they made the entire home loan process smooth, stress-free, and easy to understand. Their communication was outstanding, always keeping me informed and answering every question promptly. They worked tirelessly to secure an excellent loan that fit my needs and goals. Their professionalism, dedication, and attention to detail truly exceeded my expectations. I highly recommend them to anyone looking for a knowledgeable and trustworthy mortgage broker.
Mike and Danielle are great. They helped us to buy our house aftet many challenges that we experienced during the whole process. I would recommend to anyone Thank you Mike and Danielle for your help during this process
Brenda and Danielle were very helpful throughout the mortgage application process
Mike went above and beyond to get us our mortgage. Explained everything thorougly and was always available 24/7 when we needed him. He is the best and would recommend him to everyone we know seeking a mortgage.
Thank you Advisors Group for helping and guiding us through the mortgage loan process. We appreciate all the work that Brenda, Danielle and the rest of the team did to make the application come to fruition. Thank you!!!
We truly appreciate the time Advisors team took to walk us through each step and answer our questions promptly. We are thankful for Brenda's dedication to excellent service and we are grateful for her support through the approval process. Thank you!
Brenda Valente, Danielle Mizrachi and their entire team were truly exceptional . So easy to work work with and so efficient and responsive. They make the whole process painless and smooth, from start to finish.
Brenda was always responsive and was able to answer my questions on demand. I really appreciate her help throughout the loan process.
Brenda went above and beyond to assist me throughout the loan process. It was an absolute pleasure working with her. She ensured everything went smoothly and even took the time to answer my questions while she was on vacation, a level of dedication I truly appreciate.
Great experience and great to work with Jason
Jason and his team were so thoughtful and worked so diligently towards helping us with the best option for us . Will definitely recommend Jason and the rest of the team to others and will go to them in the future when we want to buy another home
Everything went very smoothly. I received great instructions on what documents needed to be provided and Brenda was there for me every step of the way making sure it all was takeb taken care of.
Thanks for all your help and assistance.
Buying a home can be stressful, but Michael made everything straightforward and easy to understand. He was always available to answer questions, kept me informed every step of the way, and worked tirelessly to secure the best outcome possible. His attention to detail, honesty, and dedication to his clients truly set him apart. If you’re looking for a mortgage advisor who genuinely cares and will guide you through the process with confidence, Michael is the person to call. Thank you, Michael, for making what could have been a complicated process such a positive experience. Donna & John
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
