Once you have a mortgage with Ally bank, you’ll need to make arrangements to pay your monthly mortgage bill. The Ally Home Mortgage loan payment can be done online, through the mail or over the phone. If you want to learn about your options for making a mortgage payment with Ally, then keep reading to see Ally home mortgage payment options in order to determine which one will work best for you.
Ally Home Mortgage Loan Payment
Ally Home is the mortgage-lending operation of Ally Financial, which offers conventional mortgages, refinancing and jumbo home loan financing. Borrowers can prequalify for a home loan online by visiting www.ally.com/home-loans/mortgage. But in order to complete the full mortgage application process, you must be contacted over the phone by an Ally Home Team representative.
For customers to apply, Ally only requires a minimum FICO credit score of 620 and as well accepts borrowers with debt-to-income ratios of up to 50%. Ally also offers a home affordability calculator to estimate a homebuying budget.
Mortgage Products Offered by Ally Bank
Ally Bank provides multiple home loan options which include:
- Fixed-rate conventional loans
- Jumbo loans
- 5/1 adjustable-rate mortgages
- 7/1 ARMs
- 10/1 ARMs
- Fixed- and adjustable-rate refinance loans
Ally doesn’t offer home loans insured or guaranteed by the Federal Housing Administration, Department of Veterans Affairs or the Department of Agriculture.
How to Get Pre-Qualified for Ally Financial Mortgage
If you wish to get pre-qualified, known that Ally Financial has brought in a new pre-qualified option for its customers which is if you have good credit or are an existing customer at the Ally Financial then you can get pre-qualified for a mortgage loan.
- kindly visit the mortgage page of the Ally Financial in order to get pre-qualified www.ally.com/home-loans/mortgage
- At the center of the homepage, you will see a button that reads ‘Get Pre Qualified’.
- Just press on it to proceed further.
- A new loan website will open which requires some personal information.
- Now, provide and fill in the data as required
- Once done, click on the ‘Submit’ button below the form.
NOTE: Ally will provide you with a knowledgeable team of loan experts to help you through the home loan experience, from application to close. They will answer any questions you may have along the way and ensure you meet your closing date.
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The Ally Financial has made it quite convenient for its mortgage customers to manage their loan account or get pre-qualified for a new mortgage loan. Also making payment to your mortgage is very simple and straight forward.
Ally Home Mortgage Loan Payment Online
Making your Ally Mortgage Payment online is more convenient and secure. But you need to enroll in Ally online access account to get your Ally Financial Mortgage Login details.
In order to set up online account management follow the instructions below to enroll at the mortgages webpage of the Ally Financial.
- Open the login section by clicking on the login button at the top of the Ally mortgages webpage.
- At the basement of the login section, you will find the enroll link.
- Click on it and wait for the enrollment page to open.
- Provide the following details to create your online access:
- 1. First name
2. Last name
3. Date of birth
4. Social security number
- Once done, press ‘continue’ and set up your login credentials.
Now you have successfully enrolled online, kindly login to your account to make payment by following the below procedures.
- To make your payment online, visit the login page of the Ally Financial.
- Click on the ‘Login’ button and the login box will appear.
- Select account from the drop-down menu, enter username and password.
- Press the ‘Login’ button.
- Move to your account management section
- Press the payment button
- Input the amount you wish to make
- Enter your payment information as required
- Review and then submit payment.
Ally Home Mortgage Payment by Mail
Customers are allowed to make Ally home mortgage bill payments by mail. The process is very easy, as all you need to do is to write a check or get a money order payable to Ally Home Mortgage. Kindly put your check or money order into an envelope addressed to:
Payment Processing Center
P.O. Box 9001951
Louisville, KY 40290-1951.