A Special Notice Recently we began charging a refundable application deposit of $200 if an appraisal is not needed or $500 if an appraisal is needed, subject to actual costs being deducted, on Internet applications (this fee may be adjusted from time to time as conditions warrant). The reason for the charge is a large majority of Internet applications were received from people just testing the system, and/or people who wanted to see if they could be approved for a loan but were not serious about obtaining a mortgage loan. Considerable costs were being incurred on these applications which never closed. The application deposit is intended to limit the applications we receive to those of serious borrowers. We apologize for this inconvenience, however this change will allow us to better serve our customers needs as our time and efforts will be expended on serious applications only. Please email us with any questions! You may contact our Loan Counselors at production@agmc.com or by telephone at 1-800-356-3442, extension 6030. Copyright © 1997,1998,1999, ALLIED Group Mortgage Company. All Rights Reserved. |