Jason Ruedy, the Home Loan Arranger, Provides Advice on Paying Mortgage Insurance Upfront

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In response to a recent NYTimes.com article that discussed single premium mortgage insurance, Mr. Jason M. Ruedy, who is also known as The Home Loan Arranger, provides advice to potential homeowners who are considering paying for private mortgage insurance upfront. Upfront mortgage insurance allows borrowers to make a one-time, lump-sum payment instead of making continuous monthly payments

Jason. M Ruedy

Mortgage Banker, Jason M. Ruedy, also known as The Home Loan Arranger, is in the midst of promoting an educational campaign geared towards educating homeowners who are who are needlessly making monthly private mortgage insurance payments. In light of a recently published article on the topic of single premium private mortgage insurance, Mr. Ruedy offers his advice on the pros and cons of this type of this lump-sum payment option, which is steadily growing in popularity.

An article published on NYTimes.com on November 6, 2014, entitled Mortgage Insurance Paid Upfront, discusses the topic of single-premium private mortgage insurance. This type of mortgage insurance allows borrowers to make one lump-sum payment upfront instead of ongoing monthly payments.

Private mortgage insurance is a requirement for mortgage borrowers who provide less than a 20 percent down payment when they purchase a home. Once borrowers reach a 20 percent equity value in their property, private mortgage insurance payments can be eliminated. However, many borrowers have recently been opting to pay for private mortgage insurance upfront - in lump-sum payment - that is paid as part of the loan's closing costs (or it is financed into the loan).

The NYTimes.com article states, mortgage insurance paid upfront is "An increasingly popular alternative (that) allows borrowers to buy out of that monthly burden."

"I believe that if borrowers can afford to pay for private mortgage insurance upfront in one lump-sum, single payment, they probably should pursue that option. That way, they won't have to worry about monthly mortgage insurance payments and keeping track of when they've reached the 20 percent equity threshold. But, going this route is not a good choice for everyone. People that cannot afford to put 20 percent down on the purchase of a home generally cannot afford to pay a large, lump-sum private mortgage insurance premium." - Jason M. Ruedy, The Home Loan Arranger

As stated in the NYTimes.com article, "In deciding which way to go, borrowers should discuss the pros and cons of each (option) with their loan officer."

"It's my goal to educate homeowners who are currently paying monthly private mortgage insurance about their potential ability to eliminate private mortgage insurance due to an increase in the value of their property. I'm also dedicated to discussing the single premium private mortgage insurance option with borrowers. It's important for borrowers to understand what they are obligated to pay and which option makes the most financial sense for them." - Jason M. Ruedy, The Home Loan Arranger

As part of his campaign, Mr. Ruedy recently launched a new website entitled http://www.StopMortgageInsurance.com. He is offering free one-on-one consultations to homeowners who are currently paying mortgage insurance and want to learn if they can eliminate the payment. He is also offering consultations to borrowers considering an upfront, lump-sum private mortgage insurance payment.

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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