Real Estate On Tap

Home Values Moving Up!

Consumer Outlook for U.S. Home Prices

“The consumer outlook for U.S. home prices improved again in January, extending a recent upward trend in housing market sentiment, according to mortgage market firm Fannie Mae.”  This is the sentiment as reported in the Wall Street Journal the other day. The home values in areas that are desirable are moving in the right direction, and that is up!  The old axiom, Read the rest of this entry »

Tags: adam granger, ewm international, ewmrealtors, homeservices lending, jason kapit, Wells Fargo, wells fargo home mortgage

Attention Cash Buyers!

A Potential Idea

Here in south Florida I have noticed an increase in the amount of homes that are being purchased with cash.  Why?  Great prices.  Lack of investment options with significant ROI.  But here’s a thought.  With home prices as good as they have been in over a decade, Read the rest of this entry »

Tags: adam granger, ewm international, ewmrealtors, homeservices lending, jason kapit, Wells Fargo, wells fargo home mortgage

Buyers Rejected for Loans Can Now Find Out Why

Now, starting this week, lenders have to let you know why your not getting the best rate. They also will let you know why you have been turned down for a loan as well. This is all due to the Dodd-Frank act. So what do you think?  Is this good or just another thing to slow down the process?  This piece of legislation has changed the landscape quite a bit! The GFE (good faith estimate) that was once a 1-pager now is 9 pages.  Easier, better disclosure … I think not!  What is your take on this new legislation?

Adam Granger is a Home Mortgage Consultant with HomeServices Lending, LLC., an Affiliate of Wells Fargo Home Mortgage.  He is a frequent commentator at RealEstateOnTap and can be reached at 954-306-7218 or by emailing him here.

Tags: adam granger, dodd-frank, ewm mortgage, First Time Homebuyers, homeservices lending, Wells Fargo, wells fargo home mortgage

Rates and Programs

30 Year Fixed vs. 5 – Year ARM

I was doing some research and found out that people do not stay in their homes or the loan that they are in for more than five years!!!!!!  So what does this mean?  It means that people pay far too high a rate of interest!  The difference between a $250,000.00 mortgage on a 30 year fixed and a 5/1 ARM is $12,966.00 savings over 5 years.  Why oh why do people always want to do a 30 year fixed rate loan?  I ask you!

Adam Granger is a Home Mortgage Consultant with HomeServices Lending, LLC., an Affiliate of Wells Fargo Home Mortgage.  He can be reached at 954-306-7218 or by emailing him here.

Tags: adam granger, adjustable rate, Cash Buyers, First Time Homebuyers, homeservices lending, mortgage rates, Wells Fargo