The Home Loan Arranger Responds to Time.com Article that Helps Borrowers Understand When it Makes Sense to Refinance a Mortgage

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Mr. Jason M. Ruedy, who is also known as The Home Loan Arranger, offers his response to a Time.com article that provides information to borrowers on how to determine when it's a good time to refinance a mortgage. The article states that good credit and a good income are indicators that now might be a good time to refinance.

Jason. M Ruedy

Mortgage Banker, Jason M. Ruedy, also known as The Home Loan Arranger, agrees with an article that recently appeared on Time.com's website which provides information to mortgage borrowers on how to determine when it's a good time to refinance. While the article offers many sound tips on how to determine an opportune time to refinance, Mr. Ruedy believes that many additional factors should also be used to make the decision. Additionally, Mr. Ruedy wants borrowers to understand the importance of refinancing while mortgage interest rates are still low.

According to the abovementioned article published on Time.com on February 17, 2015 entitled When it Makes Sense to Refinance Your Mortgage, "if you're a homeowner with good credit and a solid income, now might be an opportune time to refinance." The article also states that homeowners should "always shop around for your mortgage because rates - and fees - vary significantly from one lender to the next."

The Time.com indicates that borrowers who do not want to opt for refinancing into a 30-year mortgage if they are already more than a few years into their current mortgage should consider refinancing into a 15-year or 20-year mortgage with a lower interest rate, or they should consider refinancing into a 30-year mortgage with a lower interest rate - - and committing to making extra principal payments each month.

"There are currently quite a few mortgage options that may reduce a borrower's monthly payment obligation significantly. I strongly urge every borrower that is currently paying a fixed interest rate that is at least a quarter of a point higher than today's low rates to call me. I always spend a great deal of time with each of my clients explaining how a refinance can result in significant savings." - Jason M. Ruedy, The Home Loan Arranger

According to Mr. Ruedy, "There are many factors to consider when deciding whether or not to refinance. The Time.com article talks about plugging your numbers into a mortgage calculator to get an estimate of what your payments might be if you refinanced. But as the article also says, mortgage calculators do not always take all factors into consideration. This is why I recommend an in-person consultation with a mortgage broker. I always work with my clients on an individual basis to help them make the best possible decision about refinancing." - Jason M. Ruedy, The Home Loan Arranger

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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