Tag Archives: Offers

Peer-to-peer lending offers options for borrowers shut out from banks

A form of lending between individuals, known as “peer-to-peer lending” has boomed over the last decade, due in part to the growth of online financial …
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Peer-to-Peer Lending Is Poised to Grow.

Jason M. Ruedy, The Home Loan Arranger, Offers His Advice on Down Payments and How Much Home Buyers Should Have When Making an Offer

Denver, Colorado (PRWEB) August 27, 2014

Denver Mortgage Banker Jason M. Ruedy, also known as The Home Loan Arranger, provides advice to home buyers on down payments, and how much they need, when making an offer to purchase a home. There are many choices when it comes to mortgages, and some offer a zero percent down option.

An article published on Credit.com on August 20, 2014 entitled How Much of a Down Payment Do You Really Need to Buy a House clearly states that “the days of needing a 20% down payment are long gone.”

The article listed several down payment options including the following:

3.5% Down: The minimum down payment amount for an FHA loan is 3.5%. This type of loan requires that borrowers pay monthly mortgage insurance.

5% Down: Many conventional loans allow borrowers to put as little as 5% down. This type of loan also requires borrowers to pay monthly mortgage insurance, but the insurance can be eliminated after the equity in the home reaches 20% (and 24 months has passed).

0% Down: There are opportunities for home buyers to purchase homes with 0% down, but there are restrictions. One option is a program specifically designed for military veterans. Another option is available through the United States Department of Agriculture (USDA) which requires buyers to select a home on land that is designated as rural by the USDA.

“When you look at the down payment options currently available to home buyers, you can easily see that a 20% down payment is not a requirement.

However, it’s important to realize that potential home buyers who offer a larger down payment are often taken more seriously by home sellers – especially when more than one offer is in play.” – Jason M. Ruedy, The

Home Loan Arranger

As stated in the Credit.com article, “In the mortgage industry, 20% down is considered the benchmark down payment for looking strong on paper as a home buyer. While this is a general standard for financial strength, it is by no means a requirement, nor is it expected.”

“Anyone without a 20% down payment must absolutely have an organized and dedicated mortgage lender and real estate agent working for them. Presenting an offer to buy a home with a 3.5% down payment can sometimes be challenging. Buyers frequently reject such offers – especially when the real estate market is competitive. But I’ve been very successful helping clients purchase homes with small down payments because I’m extremely organized and I’m willing to go the extra mile to make sure their loans are taken seriously. My motto – Don’t Put Your Loan In Danger, Call the Home Loan Arranger – is especially true in this type of scenario.” – 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


Related Mortgage Advice Press Releases

Rick Otton Offers A New Strategy To Help Residents Looking To Sell Or Rent Their Properties When They Retire

(PRWEB) September 24, 2014

New research reveals that 16 per cent of adults are planning either to sell or rent their real estate as a means to fund their retirement, the Mortgage Introducer reported on 23 September 2014.

In response to this statistic, Rick Otton, a respected property coach, explains that if people are looking to invest in property now to create cash flow for their their retirement, a practical strategy is to use seller finance.

“According to the report, the rate is an all-time high in comparison to the 7 per cent recorded last 2009. The study found that people living in the West Midlands are the most reliant on their property for their retirement fund,” he said.

“People today are finally realising that they can’t just rely on their pensions to pay their living expenses when they retire. For many of them, investing in property is the answer. The goal is to save money to own a home now. When retirement comes and the kids have moved out, they can downsize and have the option to either sell their property to cash in or have it rented for passive income.

However, with today’s soaring property prices, not everyone is able to afford the deposit or qualify for a new bank loan. Moreover, if you do get financing and are able to buy a houses, there’s no guarantee that by the time you retire, property values will keep on rising. What if the market suddenly turns and your property ends up in negative equity? You only need to look back to 2008 to see the effects of an unexpected downturn,” Mr. Otton mentioned.

“In order to side-step these risks, it’s very important to enter the property market without overcommitting to expensive mortgages. In addition, it’ very important to have an exit strategy to ensure cash flow. Seller finance is a practical strategy that can help you accomplish both,” he added.

Mr. Otton then said in a recent interview that flexibility is the biggest advantage of seller finance because it allows parties to adjust the terms depending on their specific needs.

“Suppose you want to invest in a property but don’t quite have the money to afford the deposit. Rather than apply for a new bank loan, you may negotiate to assume the existing loan and then pay the remaining equity in increments. In that way, you minimise upfront costs, and hence, minimise your risk coming in. When the time comes to sell, using flexible seller finance terms can attract more buyers because of how convenient it is. In addition, the set up can give you positive cash flow,” Mr. Otton explained.

“Because of the flexibility of seller finance, your options as an investor are limitless. Many of my students have used variations of this strategy to build a property portfolio efficiently and then create positive cash flow from different properties. Better still, they are able to create their cash flow now, not seven, 10 or 20 years from now,” he emphasised.

Visit http://www.rickotton.co.uk/ today to get more information about seller finance strategies and how these strategies can be applied in changing market conditions.

About Rick Otton

Rick Otton is a property investment professional who, over the last 23 years, has introduced innovative real estate strategies to the UK, Australian and the United States. His creative ‘low-risk, high-reward’ approach to buying and selling houses is exemplified in his own business, We Buy Houses.

This year marks the 10 year anniversary of Mr Otton introducing his strategies to the UK, and the 5 year anniversary of his innovative ‘Buy A House For A Pound’ process – one that attempted to be emulated by others. His constant process of strategy refinement, and adapting to the ever-changing real estate market, continues to place him at the forefront of property investment education.

In 2012 Rick Otton published his Australian book ‘How To Buy A House For A Dollar’ which was named in the list of Top 10 Most Popular Finance Titles for 2013. A UK version is on the drawing board for publication in 2014.

Mr Otton freely shares insights into his non-bank-loan strategies that have allowed everyday UK men and women to beat the rental cycle and have their own homes. He coaches others on how to build profitable businesses by facilitating transactions that focus on the needs of potential buyers and motivated sellers.

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