Posts Tagged ‘Mortgage’

Mortgage Banker, Mr. Jason M. Ruedy, Redacts a Statement Made About Credit Scores Not Being Affected by Mortgage Shopping

Jason. M Ruedy

Denver, Colorado (PRWEB) March 17, 2015

Mortgage Banker, Mr. Jason M. Ruedy, also known as The Home Loan Arranger, redacts a statement made in a press release issued on February 24, 2015 regarding whether a person’s credit score will absolutely not be affected by shopping around for a mortgage.

In the press release Mortgage Banker, Mr. Jason M. Ruedy, Affirms “Your Credit Score Will Not Take a Hit as a Result of Shopping for a Mortgage”, Mr. Ruedy states that “it will not damage a person’s credit score to shop around for the best possible mortgage – even if multiple credit checks are necessary.”

As referenced in Mr. Ruedy’s February 24, 2015 press release, according to an article published on on January 30, 2015 entitled Mortgage Shopping and Credit Scores, “Borrowers need not avoid shopping around for the best mortgage deal out of fear that allowing multiple lenders to “pull,” or check, their credit will chip away at their score. The notion that a flurry of credit inquiries from mortgage lenders will lower a borrower’s score is a common misconception, experts say. The truth is that five inquiries are likely to have no more impact than one, provided they are made within a compressed period of time.”

“I realized after my February 24, 2015 press release was issued that the words “will not damage a person’s credit score” were too definitive. In reality, if a person seeks multiple inquiries – all within a period of 45 days – the inquiries should be considered as one inquiry by the credit reporting agencies. But if multiple inquiries are made over a period of time lasting longer than 45 days, there is a possibility that the extended period of shopping could have an impact on a person’s score, albeit probably minimal.” – Jason M. Ruedy,

The Home Loan Arranger

Mr. Ruedy reiterates that credit checks completed by mortgage companies should not be seen as the same as credit checks from credit card companies – and the inquiries should not have the same potential for a negative impact on a person’s credit score.

“I still believe that worrying about a credit check by a mortgage company is not a reason to not consider purchasing a home or financing. I just want to clarify that mortgage-related credit checks should be the least risky to your credit score when all inquiries are completed within a 45-day timeframe. – Jason M. Ruedy, The Home Loan Arranger

According to Mr. Ruedy, the best course of action is to seek the advice of a trusted mortgage banker or mortgage broker if you have questions or concerns about how mortgage shopping may affect your credit score.

About The Home Loan Arranger:

Mr. Jason M. Ruedy, also known as The Home Loan Arranger, has 20+ years of experience in the mortgage business. His company was built around the crucial principles of hard work, discipline, and determination. The Home Loan Arranger evaluates client applications quickly and efficiently and structures loans with the best possible terms. Mr. Ruedy is successful in achieving loan closings for clients while meeting their highest expectations. Jason M. Ruedy is ranked #2 in the state of Colorado by Scotsman Guide, which is the top leading resource for mortgage originators.

For media inquiries, please contact Mr. Jason M. Ruedy, “The Home Loan Arranger”:

The Home Loan Arranger

512 Cook St #100

Denver, CO USA

Phone: (303) 862-4742

Toll Free: (877) 938-7501

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Murrieta Real Estate Office Hires New Mortgage Professional To Assist With VA And FHA Home Loans

Kevin Leonard

Murrieta California (PRWEB) March 04, 2015

The last few months has seen a large increase of VA refinances (VA IRRRL) and FHA streamlines because of low interest rates and changes with mortgage insurance premiums (MIP). The group led by Kevin Leonard just added another professional to the team to work with new influx of call volume. Many consumers are taking advantage of refinancing by locking into a new 30 year fixed rate lower than what the currently have. These two programs are an attractive refinances because of the minimal requirements to be approved. Both of these home loans can be done without a new appraisal and very few documents are needed. To find out more about a FHA loan in Murrieta, or a VA IRRRL contact a mortgage professional by calling (951) 200-5750.

Those looking to apply for these loans should not have to worry about the FHA loan limits in Riverside CA if they bought in the past few years. The current FHA loan limits for Riverside County for a single family is $ 355,350. The team funds loans everywhere in California not just locally. They have been very busy with VA loans in San Diego and Los Angeles due to the large population of Veterans. To complete an Interest Rate Reduction Refinance Loan or “VA IRRRL” it can be accomplished in just a few short weeks. The newest member of the team will be handling these types of files and possesses over 10 years of mortgage finance experience. Learn more about these amazing loan opportunities by speaking with an experienced licensed loan officer.


Kevin Leonard began in the mortgage business in 1997 and since then he has become one of the leading mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a full understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage profession. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. He is partnered with the best real estate agents in Temecula and Murrieta for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. To learn more about the 2015 FHA California loan limits click on the highlighted link.


Kevin Leonard

Phone: (951) 200-5750

NMLS #6279

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Mortgage Insurance is a Way of Providing Less for More According to

 | 888.374.2764

Chicago, IL (PRWEB) November 02, 2014, a service which allows consumers to compare and purchase life insurance electronically, is today alerting consumers of how mortgage insurance generally doesn’t provide as much value as life insurance for the same price.

According to, mortgage insurance is a form of life insurance in which the death benefit decreases with the remaining balance of a mortgage, but with life insurance, the death benefit is typically arranged to either grow or stay fixed. “Mortgage insurance is great for the bank, great for the insurer, and pretty mediocre for the customer. Overall, it’s much better to just buy traditional life insurance. Yes, it’s entirely likely that you won’t need the entire death benefit in the end, but nevertheless, it’s far more cost effective to just have a fixed death benefit life insurance policy,” said Eric Smith, the founder and independent life insurance agent of states that not only in their opinion is mortgage life insurance, otherwise known as decreasing term life insurance, an advantageous product, but that they have never placed a single policy that follows this scheme. invites all adults to view their own life insurance rates online within the site’s homepage. Consumers can also get information by phone directly from Eric Smith by dialing 888.374.2764.

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CalCon Mutual Mortgage LLC Announces Effective Immediately It Will Be Doing Business as OneTrust Home Loans

Waimea Town, Kauai, Hawaii (PRWEB) July 15, 2013

“The new name reflects more of our core values as a company. This includes meeting our customers’ service needs with communication, integrity and transparency throughout the loan process, all while building strong long-term relationships. OneTrust Home Loans remains the same full service direct local lender that Waimea, on the island of Kauai has come to know, love and depend on. New name, same company, with increased technology, flexible loan programs, and fast service”, says Joshua Erskine, CEO of OneTrust Home Loans.

The local and well established Waimea office, on the island of Kauai, have employees with many years of experience in residential mortgage lending as well as have orchestrated resort financing on some of the most desirable real estate properties in Hawaii such as the Residential Suites at the Ritz Carlton, Kapalua and Trump International Hotel and Tower, Waikiki.

“We believe in strengthening our customer bond through service and technology. As a direct lender we offer competitive industry pricing to our customers. Our technology is leading edge giving our borrowers peace-of-mind and the ability to review loan status in real-time 24 hours a day, seven days a week in the comforts of their home or office. As part of this rebranding, we introduced an expedited problem resolution process that makes the customer experience better and separates ourselves from others, giving borrowers confidence that if a problem arises, they have the OneTrust Home Loans’ commitment for immediate attention” shared, Ethan Rohner, Branch Manager of the Waimea office.

Mr. Rohner added, “The technology that took nearly two years to develop and implement has become the center of our management structure. There are numerous intricate details in the processing of a loan. It is very easy for a small detail to breakdown the process. With the help of our borrowers and their understanding of the entire process, we will set a new standard for efficiency and competency in the industry.”


About OneTrust Home Loans

OneTrust Home Loans is a nationwide direct lender and servicer with sales and operations across the country. OneTrust Home Loans provides an array of direct loan product options including conventional, FHA, VA, reverse, jumbo, resort lending, and foreign national loan options. Its Senior Management team bring decades of experience and over $ 10 Billion in loan closings. OneTrust Home Loans has adopted its tagline to be, Service is everything! Its focus is strategic national growth while keeping true to a fast, efficient and on time loan closing. For additional information please visit

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Red Mortgage Capital Announces 2011 Highlights

Mark C. Beisler, Chairman &amp CEO, Red Mortgage Capital, LLC

Columbus, OH (PRWEB) February 27, 2012

Extensive capital provider RED CAPITAL GROUP, LLC is pleased to announce its 2011 Mortgage Banking highlights.

In the course of the year, the firm provided $ two.95 billion in capital to multifamily, student housing, seniors housing and health care project entities nationwide.

Among the list of year-finish achievements accomplished by Red Mortgage Capital, LLC, the national lending and loan servicing mortgage banking group now in its twelfth year of supplying services to borrowers, investors and other lenders, RED’s announcements consist of:

Fannie Mae: 2011 Leading Ten Fannie Mae DUS Lender
FHA: 2011 Best FHA Multifamily/MAP Lender (3rd by loan amount closed-$ 1.05 billion)
FHA: 2010-11 Top FHA Well being Care/LEAN Lender – (4th by loans-61 transactions)
MBA Commercial Servicing: 2011 Top 25 Primary &amp Master Servicer by volume ($ 14.9 billion)
MBA Commercial Servicing: 2011 Leading Ten Fannie Mae &amp Freddie Mac Servicer by volume ($ 11 billion)
MBA Commercial Servicing: 2011 Leading Five FHA &amp Ginnie Mae Servicer by volume ($ three.6 billion)

In addition to mortgage lending options by means of GSE executions, RED also successfully re-launched its Bridge-to-Perm capability in 2011, whereby Red lends capital to borrowers to bridge the timing of a HUD application for permanent financing or Fannie Mae-eligible properties which need additional seasoning. Principal lending structuring services are offered via connected entity Red Capital Partners, LLC, which can structure bridge and gap needs as initial or second mortgage or mezzanine financing. Qualifying multifamily and seniors/well being care properties include acquisition, repositioning and rehabilitation opportunities as properly as choose new construction projects.

Red Mortgage Capital, LLC’s Chairman and CEO Mark Beisler said, “I want to thank our clientele and personnel for a tremendous year with exceptional outcomes. FHA and Fannie Mae were outstanding partners and worked exceptionally challenging with us and our customers to deliver custom-tailored financing options. Red’s deep programmatic information of FHA and Fannie Mae provides our clients an effective signifies to access capital quite effectively. Red is a reliable and predictable lender and we stand ready in 2012 to again concentrate our energies and resources on delivering options to our buyers. Our belief is – take care of your customers’ wants and your company will take care of itself.”

Operating nationwide since its inception in 1990, RED CAPITAL GROUP, LLC is recognized for its industry expertise, revolutionary and complete structures, and consistently high lender rankings. Red Mortgage Capital, LLC is a single of the nation’s top rated three FHA lenders for overall Multifamily/LEAN experience, getting closed more than 100 transactions totaling almost $ 1.2 billion throughout HUD FY2011, and also is an active Fannie Mae DUS® lender for both multifamily and seniors and an approved Freddie Mac Seller/Servicer for Seniors on a national platform.

RED CAPITAL GROUP, LLC is committed to becoming the nation’s premier provider of capital across the spectrum of multifamily, affordable and seniors housing and well being care asset classes.


RED CAPITAL GROUP, by way of three operating organizations, gives integrated debt and equity capital to the multifamily, student and seniors housing, and wellness care industries. Red Mortgage Capital, LLC is: a top Fannie Mae DUS® lender for both Multifamily and Seniors Housing 1 of the nation’s most active FHA Multifamily/Seniors lenders (MAP- and LEAN-Approved) a national Freddie Mac Seniors Housing Seller/Servicer an active financier of Critical Access, community and rural hospitals and services practically $ 15 billion of earnings property mortgage loans. Red Capital Markets, LLC (MEMBER FINRA/SIPC) is: a leader in the trading and distribution of Fannie Mae and Ginnie Mae Project MBS an active underwriter of developer-driven multifamily housing bonds and also is remarketing agent for $ 1.4 billion in variable rate demand tax-exempt and taxable housing and health care bonds. Red Capital Partners, LLC delivers proprietary debt to the multifamily and wellness care industries and gives asset management services for RED’s proprietary debt and equity investments.

RED CAPITAL GROUP is headquartered in Columbus, Ohio, employs around 200 people and maintains nine offices nationwide. Since 1990, the bankers of RED CAPITAL GROUP have offered over $ 55 billion in taxable and tax-exempt 1st mortgage debt, mezzanine level capital and equity to multifamily, seniors housing, well being care, and other genuine estate properties nationwide. RED CAPITAL GROUP is a subsidiary of ORIX USA Corporation.

About Our Parent ORIX USA Corporation

ORIX USA Corporation ( is the U.S. subsidiary of ORIX Corporation, a publicly-owned Tokyo-based international monetary services firm established in 1964. ORIX Corporation is listed on the Tokyo (8591) and New York (NYSE:IX) stock exchanges. ORIX USA Corporation is a diversified corporate lender, finance company, and advisory service provider with far more than $ 6 billion in assets and an extensive portfolio of credit items and advisory services. ORIX USA is headquartered in Dallas, Texas and has around 1,400 staff worldwide.

Red Mortgage Capital, LLC is a licensed FHA MAP and FHA LEAN lender.

DUS® is a registered trademark of Fannie Mae.

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Commercial Mortgage Loans for Small Organization In Just 18 Days from The Sterling Fund

Miami Beach, FL (PRWEB) December 25, 2011

The Sterling Fund opened these days providing an crucial new source of commercial constructing financing. Uniquely, Sterling delivers short- and long-term loans at a fixed rate for less-than-excellent credit, with minimal paperwork and commercial constructing refinancing in as small as 18 days with The Sterling Fund.

Small companies frustrated by conventional or SBA loan delays can now obtain financing on reasonable terms. In some cases, owners can save their developing from foreclosure when banks refuse to extend or refinance a credit line. Sterling rushes by means of paperwork and documentation for creating rehab, to refinance a balloon payment, for a partner buyout, or as bridge loan financing.

“Commercial tough cash loans are just less painful for refinancing a constructing proper now,” says Sterling Fund CFO, Adam Koplowitz. He says “Private money is the new Standard Commercial Genuine Estate Loan.”

There are many factors for the growth of The Sterling Fund. “Sterling commercial loans are for business mortgages from $ 75,000 up to $ 500,000 with as little as 21 days closing. They’re great for apartment and mixed use properties when a partner buyout or repair is necessary proper away,” says Sterling President, Frank Pournelle. “Higher LTV financing and long term fixed rates top the list. The other key benefit is that Sterling loans stay dependable in closing quickly”.

Between 2008 and 2011 a restriction of commercial financing by banks created a credit crisis for tiny business. The value of fast commercial financing can’t be overstated. A lot of loan programs for “B” and “C” grade commercial property refinancing have been curtailed as property values declined. Further, bank quoted transactions could not be completed or significantly dealyed. Sterling targets tiny organization constructing owners with their specialized commercial mortgage programs.


The Sterling Fund Inc. is a leading commercial genuine estate financing firm with offices in Miami Beach, Fl and Dallas, TX. They are consistently ranked among the best commercial loan providers nationally. Sterling specializes in 21 day funding for properties such as: apartments, motels, office, industrial, mini-storage, retail, mixed-use and hotels. Private investors supply less complicated qualifications for a quickly building refinance. A commercial mortgage loan quote can be obtained in minutes from The Sterling Fund at or by calling 1-800-578-4884.

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BD Nationwide Mortgage Provides a Convertible House Equity Line of Credit with Alternatives to Refinance Portions to a Fixed Rate Second Mortgage Loan

Encinitas, CA (PRWEB) August 29, 2006

BD Nationwide Mortgage introduces a wise house equity loan that can separate into numerous loans with each fixed and adjustable rates. BD Nationwide has released a new house equity product that boasts of a convertible residence equity line of credit providing choices for turning variable interest rates into fixed rate second mortgages. BD Nationwide proudly presents the “Fixed Rate HELOC Conversion Program.” This special property equity program allows homeowners to convert portions of their adjustable rate equity line into fixed rate residence equity loans. Yet another important feature is that these second mortgages enable you to keep the unused portion of the house equity line open, even though fixing the interest rate for the specified portion. In that sense, the HELOC splits into two loans. (one loan is a fixed lump-sum loan and the other is an open finish line of credit)

Conversion alternatives are accessible to convert a portion or all of the home equity line balance to a fixed interest rate property equity loan. This program allows you to convert HELOC portions to fixed rate loan eight times during the draw period.

Advances for fixed second mortgage rates can be requested at anytime during the ten-year draw period: Three fixed rate advances may be open at any one time. The conversion feature limits you to a total of eight fixed rate advances might be requested over the draw period. In addition, there are no lending fees to convert to a fixed rate. Loan advance possibilities are based on the balance requested.

Lynda Nelms, a Sr. Loan Officer and Mortgage Consultant at BD Nationwide, stated, “This is a progressive loan that permits my borrowers to be savvy using their residence equity when they see fit, while converting adjustable rate interest into a fixed rate second mortgage with a easy interest amortization.” Nelms continued, “These days I discover homeowners require cash out for debt consolidation or residence improvements, but they already have a large second mortgage.”

The Fixed Rate HELOC Conversion Program enables our clients to refinance and convert their existing line of credit into a fixed rate second mortgage, even though opening up an extra revolving credit line they can access later. This residence equity conversion loan is a wonderful solution for the current dilemma of refinancing jumbo house equity loans that seem to be so frequent with million dollar homebuyers. BD Nationwide Mortgage Company has partnered with many of the nations leading house equity lenders.

Property Equity Line of Credit Draw Period : 10 years

Second Mortgage Rate is a Variable Rate ( WSJ prime interest rate index plus margin)

Residence Equity Loan Terms: 15, 20, 25 or 30-years

Second mortgage rates are fixed interest rates (fixed interest based on industry conditions on the conversion date)

Property Equity Loan Repayment Terms:

Borrower may request a fixed rate advance from the customer care dept. right after the lender funds the loan.

Fixed Rate Advance Alternative: Fixed-rate advance possibilities can initially be requested by loan officer at the time of disclosures.

To find out a lot more and get additional loan info, please visit: Second Mortgage &amp Property Equity Loans

About BD Nationwide Mortgage Company:

BD Nationwide Mortgage is a second mortgage broker with corporate headquarters in Encinitas, California. They specialize in refinance, home equity loans and credit lines for homeowners searching for debt consolidation or money out. The business focus remains solidified with second mortgages for folks with all varieties of credit. Always striving to offer you “out of the box” loans, BD Nationwide Mortgage is determined to aid expand financing solutions so more Americans can maximize the monetary rewards of becoming a homeowner.

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