The bottom line is that our commission has no effect on your loan. It’s one of the first things we discuss with our clients. We are up-front and totally transparent when it comes to how we are paid. The commissions are regulated, so there is no favouritism or back-handers – we simply find the best loan for each individual client. They do this because we are providing them a service (while also being more cost-effective). It provides greater scope for finding the loan that suits you best.įinancial institutions pay us (like all brokers) a commission on any loans we write. It means we have much more choice, with more variables. And because they are keeping their overheads down (by not having infrastructure and wages etc) they can offer more competitive products. Feb 27 (Reuters) - Bank of Montreal (BMO. For a start, it has opened the marketplace to a whole range of boutique banks and financial institutions – they no longer need to have a physical presence. This has created a completely different banking environment. And you probably wouldn’t have shopped around, because there really wasn’t much competition back then – it was pretty much just the big banks with similar products.įast forward twenty years – 55% of people now use a broker to apply for a loan. Jason M.Twenty or so years ago, applying for a loan meant a visit to the local branch manager of your bank. Ruedy is ranked #2 in the state of Colorado by Scotsman Guide, which is the top leading resource for mortgage originators.įor media inquiries, please contact Mr. Ruedy is successful in achieving loan closings for clients while meeting their highest expectations. The Home Loan Arranger evaluates client applications quickly and efficiently and structures loans with the best possible terms. His company was built around the crucial principles of hard work, discipline, and determination. Ruedy, also known as The Home Loan Arranger, has 20+ years of experience in the mortgage business. Homeowners shouldn't be paying mortgage insurance to their lender if their current LTV ratio does not warrant it." - Jason M. With our experienced in house finance specialists we can help anyone obtain the loan. It was established to help people get the financing they need along with the vehicle they want. "I urge anyone who is currently paying mortgage interest to give me a call today for a free consultation. The Loan Arranger was established over 30 years ago and now has five locations Scarborough, Cambridge, Barrie, Oshawa and Six Nations. If a home's LTV ratio has improved significantly, a mortgage refinance can oftentimes result in a lower mortgage interest rate as well as the elimination of a mortgage insurance requirement. He’d also played hockey at an international level, and represented Australia in the 1975 World Cup in Malaysia and the. Additionally, a LTV ratio can also affect the mortgage interest rate a borrower is offered. Managing Director (and the original Loan Arranger) Before Steve Marshall opened the doors of The Loan Arranger on August 1, 1996, he’d spent 30 years in the banking industry, mainly in marketing and business development. Well reimburse you once you get your loan funds. Valuation Fee Refunds: Get a refund on valuation fees worth AED 2,625 when you transfer your balance to an HSBC home loan. Home loan terms and offer terms and conditions apply. Ruedy, a LTV ratio is extremely important because it determines whether or not a borrower is required to pay mortgage insurance. Pay zero arrangement fees on home loan balance transfers or half-price on standard home loans until 31 March 2024. Ruedy, The Home Loan ArrangerĪccording to Mr. This is why I'm offering everyone a free one-on-one consultation." - Jason M. I want to help homeowners figure out if their mortgage insurance obligation can be eliminated. The elimination of mortgage insurance payments can potentially save homeowners hundreds or thousands of dollars. If the new appraisal value is significantly higher than it was a few years ago, the new Loan to Value (LTV) ratio might eliminate the need to pay mortgage insurance. Any homeowner that is currently obligated to pay mortgage insurance based on an old home appraisal should seriously consider having their home re-appraised. "In many locations throughout the United States, home values have increased significantly over the past few years. The purpose of mortgage insurance is to provide protection to a mortgage lender in the event a borrower defaults on their loan. Mortgage insurance, which is also commonly referred to as Private Mortgage Insurance, is often a requirement for homebuyers who make a down payment that is equal to less than 20 percent of the sale price - or appraised value - on their home. Don't Put Your Loan in Danger, Call The Loan Arranger! Post this
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