Hot Miami Real Estate Market

Hot Miami Real Estate Market

Sizzling Hot Miami Real Estate Market

Just when everyone thinks the Miami real estate market is about to slow down, the very hot Miami real estate market continues to sizzle.   Indeed, the summer’s hot but it’s not because of Miami’s daily 90 degree plus hot days.  Rather, it’s because the Miami real estate market continues to sizzle…

Because the Miami rental market continues to be so high, there’s no doubt buying your own property is the best solution to the ever high local rental market.  Add historically low interest rates to the mix, and voila, you have a no-brainer as to why it’s best to buy rather than rent.

Why Work with Mario Quintero

Are you in the market for a property? Are you having trouble finding an affordable property? I help people reach their goals. Whether you want to buy for the first time, refinance your existing loan, purchase an investment property, or sell your home, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the Miami real estate and mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients reach their home ownership goals,

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

Get in Touch with Mario, Your Miami Realtor

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

Call me today at 305-598-1600 or contact me here. Let’s find your dream home!

 

man cave ideas

Man cave ideas

 

Dad’s Doman – A Man Cave

So have you picked out a special gift already?  Thinking of the perfect Father’s Day Gift for Dad?  No need to scramble at the last minute.  Get inspired…how about a Man Cave?  Are you looking for some man cave ideas?

No longer is a mega flat screen tv or a pool table the ultimate Father’s Day gifts.  Today, for those of you who want to give your dad the recognition he deserves for working so hard, why not create the perfect man cave?

Man Cave Ideas

Here are some spectacular ideas for the perfect man cave gift for dad this year:

  • a custom-made bar
  • a home theater entertainment system with gaming capabilities
  • a home gym
  • fire pit with a grill master barbecue
  • wine cellar

 

Regardless of what gift you choose to give your dad, remember to say thank you to all the dads who work tirelessly to make every detail perfect for their families.

Why Work with Mario Quintero

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker. I help people reach their goals. Whether you want to buy for the first time, refinance your existing loan, purchase an investment property, or sell your home, TODAY is your moment.Get in Touch with Mario, Your Miami Realtor

Get in Touch with Mario Quintero

I help people reach their goals. Whether you want to buy for the first time, refinance your existing loan, purchase an investment property, or sell your home, TODAY is your moment. I’m Mario Quintero, of STC Loans, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

Happy Father’s Day!

 

 

 

Miami home loan applications

Miami home loan applications

courtesy of CNBC

Home Loan Applications Are On the Rise

Homebuyers and homeowners saw a rip in the ever-rising interest rate continuum last week and jumped right in.  Miami home loan applications are on the rise.

Interest rates fell last week to the lowest level since November, and the seasonally adjusted mortgage volume jumped accordingly, up 7.1 percent, according to the Mortgage Bankers Association. Still, volume was 16 percent lower than the same week a year ago, when rates were lower.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $424,100 or less decreased to 4.14 percent, from 4.17 percent, with points increasing to 0.34 from 0.32, including the origination fee, for 80 percent loan-to-value ratio loans. As a reference point, mortgage rates jumped from 3.77 percent to 4.16 percent in the two weeks following the election of Donald Trump last November.

Loan applications to purchase a home jumped 10 percent from the previous week, seasonally adjusted, and now stand 5.5 percent higher than one year ago. Purchase volume has been decidedly weak this spring, as home prices overheat due to the tight supply of homes for sale.

The refinance market got a little boost from low rates as well last week, increasing 3 percent. Refinances are extremely rate-sensitive, and rates were below 4 percent last year. Refinance volume remains 34 percent lower than one year ago.

Miami Home Loan Mortgage Applications

Miami is no different. We’re seeing unprecedented sales in the Miami housing market.  Despite the increase in housing prices, the Miami housing market remains one of the hottest in the country.

 

Why Work with Mario Quintero

Have you locked in your home loan application yet?  What are you waiting for?   I help people reach their goals. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the Miami real estate and mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients reach their home ownership goals,

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

Get in Touch with Mario, Your Miami Realtor

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

Call me today at 305-598-1600 or contact me here. Let’s find your dream home!

Buy vs. Rent in Miami

Buy vs. Rent in Miami

 

Reposted from CNBC

It’s cheaper to buy a home than rent, but only if you can find one.

Home prices continue to rise at a fast clip, faster than incomes and faster than new employment, but it is still cheaper to own a home than to rent.   There are crazy few affordable homes for sale.  So, should you buy vs. rent in Miami?

The supply of listings in April fell 9 percent compared with a year ago, and, in turn, the number of days it took to sell the average home dropped to just 29, the lowest since the National Association of Realtors began tracking that in 2011. There was a big increase in the number of listings that came on the market this spring, but they were swept up so quickly that supplies were still lower.

“The two biggest phrases in the realtor comments this month were ‘low inventory’ and ‘multiple offers.'”

Why Work with Mario Quintero

Are you in the market for a property? Are you having trouble finding an affordable property?  I help people reach their goals. Whether you want to buy for the first time, refinance your existing loan, purchase an investment property, or sell your home, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the Miami real estate and mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients reach their home ownership goals,

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

Get in Touch with Mario, Your Miami Realtor

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

Call me today at 305-598-1600 or contact me here. Let’s find your dream home!

 

 

Miami Hurricane Season

Miami Hurricane Season

 

From CNBC June 1, 2017

 

Miami Hurricane Season

You — and your home — are in for a tough Miami hurricane season. Scientists expect 11 to 17 named storms in 2017, and as many as 9 may be hurricanes.

It’s looking like a busy season for hurricanes — and homeowners. Prime time for these big storms along the Atlantic coast kicks off on June 1 and runs until Nov. 30.

Scientists at the National Oceanic and Atmospheric Administration are forecasting “an above normal” hurricane season with as many as 11 to 17 named storms this year. Of those, 5 to 9 could become hurricanes. Four of these may become major hurricanes with sustained winds of at least 111 mph.

 

Hurricane Sandy, which bashed the East Coast in October 2012, resulted in $18.8 billion in estimated insured losses, according to Verisk Analytics’ Property Claim Services.

Check these items in your existing policy to get a sense of how well you’re covered in the event of a storm:

Homeowners insurance limits

Your homeowners coverage isn’t bulletproof if a tropical storm or hurricane strikes your home.

For instance, your policy may have a hurricane deductible, making you responsible for the equivalent of 1 percent to 5 percent of your home’s insured value.

Whether this deductible is applied will be based on your policy’s terms and your state’s insurance laws.  Hurricane deductibles are in effect in 19 states and the District of Columbia, according to the Insurance Information Institute.  These are Alabama, Connecticut, Delaware, Florida, Georgia, Hawaii, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas and Virginia.

Aim to have at least the amount you’d need to meet your deductible either in cash or in a home equity line that you arrange ahead of time.

Flood insurance

Your homeowner’s coverage likely won’t cover any damage related to flooding, so you’ll need to buy this coverage through either the National Flood Insurance Program or the private market.  A 2016 poll from the Insurance Information Institute showed that 12 percent of American homeowners had a flood insurance policy.

Keep in mind that this isn’t a cure-all: Under the program, coverage on the structure of your home is limited to $250,000, and your contents are protected up to $100,000.

Here’s your checklist

Know your deductible: Understand the amount you’ll need to pay out of pocket before your coverage kicks in. See how your hurricane deductible compares to your standard deductible.

Review your policy’s details: Examine your homeowner’s policy and see if your insurer will reimburse you for a hotel stay or rental home if you’re displaced from your dwelling. Check the limits: These can be a per diem or a flat dollar amount.

Top up your insurance shortfalls now: If you haven’t bought flood coverage, and you live near water, you’re taking a big risk. Consider excess flood coverage if your home’s value exceeds the $250,000 maximum covered by the National Flood Insurance Program.

Don’t forget personal items: Think about adding endorsements to your homeowner’s coverage so that you can replace valuables

Consider improvements to protect your home: Check valves can protect your home from sewage and drainage backflow. Roof clamps and window shutters can limit your wind damage in the event of a storm.  “Once you’ve let the wind in through a broken window, the likelihood is that you’ll lose the roof and home.”

Get in Touch with Mario, Your Miami Realtor

I’m Mario Quintero of Strock and Tanner Mortgage, your mortgage & realtor for life.  I’ve lived in South Florida long enough to know the dangers hurricanes can pose to your home.  Let me help you weather storms with appropriate checklists.  Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage..

Memorial Day Pool Party

Enjoy Memorial Day – The Miami Housing Market is Hot!

Memorial Day is one of the most anticipated and celebrated holidays in the USA. It represents the kickoff to summer. It signals the summer barbecue grilling and pool season is upon us. Images of weekend cookouts and pool parties create nostalgia and the desire to overall connect with friends and family.  Wouldn’t you love to be hosting one of these cookouts and pool parties at your home?  Folks, the Miami housing market continues to sizzle.  Why not get in on the action?

“The Housing Market Has No Where to Go But Up”

According to this piece by Marketwatch, published just yesterday, May 25th,  the columnist Jeff Reeves tells us,  “And after looking at the past few months of data, I remain convinced the housing market has nowhere to go but up.”  So, what are you waiting for?  So many have lost great opportunities waiting in the sidelines thinking (rather, hoping) the housing market was about to correct.  These same people are calling me looking to finally benefit from the low-interest scenario allowing them to purchase their dream home.

Why Work with Mario Quintero

Are you in the market for a property?   I help people reach their goals. Whether you want to buy for the first time, refinance your existing loan, purchase an investment property, or sell your home, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the Miami real estate and mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients reach their home ownership goals,

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

Get in Touch with Mario, Your Miami Realtor

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

Call me today at 305-598-1600 or contact me here. Let’s find your dream home!

Miami boats

Miami boats

The Empty Boat Syndrome

Here’s one of my favorite motivational stories:

Two friends met at the lake, where they untied their rowboat and pushed away from the dock, slowly rowing into the morning mist.

They were chatting about life and relaxing, when another row boat appeared suddenly out of the fog. The man shouted a warning, but it was too late and the boats bumped. The man stood up and yelled at the other boater, his face purple with anger. But there was nothing he could do as the other boater shouted an apology and rowed away into the fog.

“Can you believe that guy? Look what he did to my boat!” he raged to his friend, pointing to a small scratch on the gunwale. His friend commiserated until the man calmed down and began to relax again.

At that moment, another boat appeared out of the fog and bumped into them gently. The man leapt up, but he realized no one was in the boat. It was a drifting derelict. He pushed the other boat away with his oar and they rowed on. The friend looked at him with an amused expression. “What?” said the man.

“I notice that when the first boat hit us, you were very angry. But when the second boat hit us, you were calm.”

“So?” said the man. “The other boater should have known better.”

“So you were angry at the other boater’s lack of care, not at the situation itself, since in both cases, your boat was hit.”

“I guess that’s true,” said the man, thinking. And as they drifted, he wondered how many of his problems were real, or just his reaction to other people involved?

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs.  Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage. Have a look at your options with the help of Mario Quintero of STC Loans.

Call today at 305-598-1600 or contact me here.

 

benefits of a reverse mortgage

benefits of a reverse mortgage

 

Benefits of a Reverse Mortgage

There’s a certain misconception about reverse mortgages. Many believe reverse mortgages are financial tools only those with debt or final distress take. This is untrue.  A reverse mortgage is a financial instrument you may use in addition to other financial instruments when you are about to enter into retirement. The reality is that many Americans are unprepared for retirement.  However, there are many benefits of a reverse mortgage.

A Few Key Benefits of a Reverse Mortgage:

  • BeIt gives you access to cash.
  • It extends the life of other retirement savings by not having to tap into those
  • Financial counseling is required to ascertain they qualify for the product.

According to Bankrate, “The reverse mortgage is probably one of the most misunderstood programs out there.  But, when most people who don’t understand how it works learn about it, the most common thing they say is, ‘Why doesn’t everybody get one?'”

Why Work with Mario Quintero of STC Loans

Would you like to take advantage of the many reverse mortgage loan benefits available? Do you think you qualify for a reverse mortgage? Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the reverse mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients secure and supplement their retirement through a reverse mortgage.

Let me be both your trusted Miami realtor and Miami mortgage broker.  Let me be your realtor for life.

Get in Touch with Mario

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

Call me today at 305-598-1600 or contact me here.

What's Your Value

What’s Your Value

The Value of You

I love this story, because it reminds me not to compare myself with others, but to value myself by my own standard.  So, what’s your value?

A popular speaker started off a seminar by holding up a $20 note. A crowd of 200 had gathered to hear him speak. He asked, “Who would like this $20?”

200 hands went up.

He said, “I am going to give this $20 to one of you but first, let me do this.” He crumpled the money up into a wad.

He then asked, “Who still wants it?”

All 200 hands were still raised.

“Well,” he replied, “What if I do this?” Then he dropped the $20 note on the ground and stomped on it with his shoes.

He picked it up, and showed it to the crowd. The money was now crumpled and dirty.

“Now who still wants it?”

All the hands still went up.

“My friends, I have just showed you a very important lesson. No matter what I did to the money, you still wanted it because it did not decrease in value. It was still worth $20. Many times in our lives, life crumples us and grinds us into the dirt. We make bad decisions or deal with poor circumstances. We feel worthless. But no matter what has happened or what will happen, your value is what it was before that thing happened to you. Circumstances make you look a bit different on the surface, but you are as valuable as ever. Don’t ever forget

 

Why Work with Mario Quintero

I help people reach their goals. Whether you want to buy for the first time, refinance your existing loan, purchase an investment property, or sell your home, TODAY is your moment. I’m Mario Quintero, of STC Loans, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

The Perfect Gift for Mom…

What’s the best advice Mom ever gave you?  Whatever it was, I bet it saved you much trouble and heartache.  On this Mother’s Day, we celebrate our moms.

So have you picked out a special gift already?  Or are you like the many who scramble at the last minute to get that perfect gift for mom?  Ideas for gifts could range from flowers, to jewelry, to a handmade card, a gift card, taking mom out to eat, spending time with mom.  Or, if you’re like some pro-athletes, you could even buy mom a mansion!

Did you know?

In today’s day and age, believe it or not, according to Jessica Lautz, the managing director of the National Association of Realtors in this recent publication,  “Single mothers outnumber single fathers, and they might be more likely to seek out stability through real estate.”  While this may be shocking to you, it’s a well-known fact women are the decision makers when buying homes.  If married, husbands usually want to please their wives and let them not only pick out the best home for their family, but even let them decorate and furnish the same as their tastes choose.

Personally, I could not agree more.  I let my wife, Claudia, take care of all out home’s decorating details.  And I must say, she does a wonderful job at this.

So, once again, on this Mother’s Day, thank you to all the moms who work tirelessly to make every detail perfect for their families.

Why Work with Mario Quintero

I help people reach their goals. Whether you want to buy for the first time, refinance your existing loan, purchase an investment property, or sell your home, TODAY is your moment. I’m Mario Quintero, of STC Loans, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

Happy Mother’s Day!