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Interest rates reach all-time lows…

As we learned with the Brexit vote of a week ago, global events have a huge impact on domestic events here at home, including interest rates. In this case, the Brexit vote for the United Kingdom to leave the European Union has caused US interest rates to reach an all-time low.

Not only did the Dow Jones Industrial Average and other indices drop dramatically for several days in a row, all the financial commotion overseas really has created the perfect opportunity to take advantage of not only lower stock prices, but to purchase or refinance your home.

Opportunities like this do not come by often. Time after time again, after financial turmoil over the decades, the best opportunities arise in moments of fear. Why not let someone else’s fear become your financial opportunity? Those who have taken advantage of such opportunities in the past, have benefitted from great growth and rewards going forward in to the future.

Want to take advantage of a real estate opportunity here in South Florida?

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami, Florida home consultant. Our office specializes in both residential and commercial real estate and financing programs. We help you secure conventional, jumbo, FHA and foreign national mortgage loans. We can also help your elderly parents secure a comfortable retirement with a reverse mortgage. Call me today at 305-598-1600.

While we all hope to be healthy well into our golden years in retirements, statistics indicate at least 70% of Americans 65 and older will require some form of long term care or disability insurance. As we all know, these costs can be high and literally break the bank for many seniors adding undue stress to themselves and their families.  Let us be your Miami reverse mortgage contact.

Screen Shot 2016-02-29 at 9.52.02 AMWouldn’t it make sense then, to plan for the unexpected?

Most people want to stay in their homes as long as possible and in their communities, with familiar surroundings. Preparing for the future with in-home care is the most viable option. Not only do we become accustomed to our neighbors and community, we want to stay close to what we know and feel comfortable with.

As we all know, health care costs are just continuing to increase. So, what options are available to seniors that will help allow finance these inevitable costs?

A Home Equity Conversion Mortgage (HECM), known more commonly as a reverse mortgage, is a Federal Housing Administration (FHA) insured loan.  A reverse mortgage allows seniors 62 and older to tap a portion of their home’s equity to obtain funds without having to make monthly mortgage payments.  If you have an existing mortgage, then the balance would need to be paid off using the proceeds from the reverse mortgage.  The borrower continues to own the house, and maintains title for the life of the loan. The home can also be sold at any time.  The loan typically becomes due when the borrower moves out of the house as their primary residence or passes away.  Learn more about a reverse mortgage here, on our website.

Why not consider this option for either yourself or someone you know?

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami, Florida home consultant. Our office specializes in both residential and commercial real estate and financing programs. We help you secure conventional, jumbo, FHA and foreign national mortgage loans. We can also help your elderly parents secure a comfortable retirement with a reverse mortgage.  Call me today at 305-598-1600.

The Fed decided to keep interest rates low this week. While the economy has improved, the two most recent job reports indicate somewhat of a stagnation in growth. So, rather than “rocking the boat”, so to speak, Fed Chief Janet Yellen, along with the other Fed governors voted to maintain rates as is.

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Clearly, this is a great move for the real estate market nationwide, but even more so here in South Florida, where “Paradise”, as many like to refer to Miami and its surrounding communities, continue to welcome tourists, visitors, businesses and new residents almost daily.

Already the hub for business activity to Latin America, Miami is poised to become the same for the European Community. Many continue to seek the strength and safety of the USA. Miami is a natural fit for so many reasons.

How about you? Are you considering making Miami your home for a new location? Are you looking for a Miami realtor who can also help you obtain financing for your home or commercial space?

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami, Florida home consultant. Our office specializes in both residential and commercial real estate and financing programs. We help you secure conventional, jumbo, FHA and foreign national mortgage loans. We can also help your elderly parents secure a comfortable retirement with a reverse mortgage.  Call me today at 305-598-1600.

Aging Americans will need all of the financial help they can muster and reverse mortgages could be a vital resource for many, especially when considering that over the next 20 years, nearly 40% of adults age 62 and older will have financial assets of $25,000 or less; and 20% of those age 62 and older will have $5,000 or less, according to the Task Force.

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These statistics present a “stark reality” of what the future holds for millions of seniors, said Vin Weber, former U.S. representative and Task Force co-chair.

“Seniors’ inadequate savings, their long-term care needs, and the costs of home modifications, call for new strategies to address the home and health needs of individuals as they age,” Weber said in a written statement.

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami, Florida home consultant. Our office specializes in both residential and commercial real estate and financing programs. We help you secure conventional, jumbo, FHA and foreign national mortgage loans. We can also help your elderly parents secure a comfortable retirement with a reverse mortgage.  Call me today at 305-598-1600.

for sale

For all intents and purposes, the real estate market in South Florida continues strong. While sellers won’t see the 12-16% year-over-year market gains we’ve experienced since the onset of the Great Recession, a steady increase of 5% is expected going forward.

South Florida continues to be one of the most desirable real estate markets not just nationwide, but internationally as well. Many refer to this area as “Paradise” for various reasons.

Among these, our weather is spectacular year round. We’re the gateway to the Americas and many are now even saying to Europe, as well. We have an international, cosmopolitan flair. Our beaches consistently rank among the top beaches globally. Why not want to live here?

When searching for a home in Miami and its communities, you need Miami realtor you can trust who will understand your needs and requirements.

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami, Florida home consultant. Our office specializes in both residential and commercial real estate and financing programs. We help you secure conventional, jumbo, FHA and foreign national mortgage loans. We can also help your elderly parents secure a comfortable retirement with a reverse mortgage. Call me today at 305-598-1600.