Posts Tagged ‘Statement’
March 19, 2015 | 
Author Mortgage Banker, Mr. Jason M. Ruedy, Redacts a Statement Made About Credit Scores Not Being Affected by Mortgage Shopping
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 NYTimes.com 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
http://www.thehomeloanarranger.com/
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Statement from Fix the Debt Small Business Leaders
(PRWEB) May 04, 2013
Members of the Campaign to Fix the Debt small business coalition – including the National Small Business Association, National Gay & Lesbian Chamber of Commerce, Minority Business Roundtable, and Women Impacting Public Policy – reacted to the April jobs report.
“On Friday, the federal government released the April jobs report. Private-sector employers added 176,000 jobs in April, of which more than 40 percent were created by small businesses, according to initial estimates,” the organizations said in a statement. “While this growth in small business employment is encouraging, Washington has an opportunity to create even more new jobs – if our leaders can simply address our nation’s fiscal dysfunction.”
“Announcing a plan to shrink the deficit and put the debt on a downward trajectory as a share of the economy would provide greater confidence to our nation’s small businesses, and, as a result, provide the assurance essential for businesses to make the investments that allow for success,” continued the groups, who are part of a non-partisan movement to put America on a better fiscal and economic path.
“Most importantly it would spur an increase in opportunities for small businesses to hire more workers and contribute to a stronger economy. We stand with the Campaign to Fix the Debt in its efforts to let our elected leaders know that inaction is no longer an option. For the sake of America’s small businessmen and -women, it’s time to fix the debt.”
The Campaign to Fix the Debt is composed of individuals from different social, economic and political perspectives who are united by a common belief that America’s growing federal debt threatens the future of the country and must be addressed.
The National Small Business Administration (NSBA) advocates on behalf of America’s entrepreneurs. A staunchly nonpartisan organization, NSBA’s 65,000 members represent every state and every industry in the U.S.
The National Gay & Lesbian Chamber of Commerce (NGLCC) is the only national not-for-profit advocacy organization dedicated to expanding the economic opportunities and advancements of LGBT business community.
The Minority Business RoundTable (MBRT), a registered non-profit corporation, is a national membership organization for CEOs of African-American-, Hispanic-American-, Asian-American-, and Native-American-owned top-tier businesses, representing a variety of trades and industries.
The Voice for Women in Business in our Nation’s Capital, Women Impacting Public Policy, Inc. (WIPP) is a national nonpartisan public policy organization that advocates for and on behalf of women and minorities in business in the legislative processes of our nation, creating economic opportunities and building bridges and alliances to other small business organizations.
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For more information on the Campaign to Fix the Debt, please visit http://www.fixthedebt.org.
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.