Miami mortgage broker

Miami mortgage broker

 

Your Credit Score is Important

As a realtor and Miami mortgage broker, I help individuals and families find the perfect home.   I also help them secure mortgage financing.

Per Freddie Mac:

If you’re thinking about buying a home, you need to be aware of your credit score – one of the most important factors when qualifying for a loan. Generally speaking, a higher score can mean a better chance of getting approved for a loan and securing a lower interest rate.

 

What is Your Credit Report?

Your credit report is a record of money you’ve borrowed, your history of paying it back and how much open credit is available to you. Lenders rely heavily on the information in your credit report as it signifies your creditworthiness and the likelihood that you’ll repay your mortgage. Your credit score helps lenders decide how likely you are to repay your debts and plays a significant role when securing a mortgage. Scores range from 300 – 850 points and are based on:

The average credit score is 725. If your score is below 725, you can still get a loan, however you will not have as many options and your rate will be higher. If your score is in the low 600s, we encourage you to reach out to a Housing Counselor today to start rebuilding your credit.

Summing it up:

  • The best mortgage terms are given to those with the strongest credit.
  • You’ll damage your credit if you don’t pay your bills on time and/or keep high credit card balances.
  • You’ll have a hard time securing a loan if you have a credit score below 650.

 

Mario Quintero – Your Miami Mortgage Broker

Regardless of your credit history,  let me help you take a look at your options. I have been in the home mortgage loan business since 2002. Because of this, my experience is tested and true. I have helped thousands of clients like you with their conventional home loan needs.

Let me be both your trusted Miami realtor and Miami mortgage broker. It is my burning desire to build a business based on strong, lasting, lifelong relationships, one person at a time, through confidence and trust. I look forward to hearing from you and I can be contacted via email Mario@stcloans.com.

Get in Touch with Mario

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.

Miami realtor

Miami realtor consultant

 

Stay True to Your Vision for Yourself

 

Miami Realtor Consultant

As you set goals for the coming year, remember to dream big and don’t let anyone else tell you that you can’t be or do anything you set your mind to. Here are a few reminders:

  • In 1962, four nervous young musicians played their first record audition for the executives of the Decca Recording Company. The executives were not impressed. While turning down this group of musicians, one executive said, “We don’t like their sound. Groups of guitars are on the way out.” As a result, the group was called The Beatles.
  • In 1944, Emmeline Snively, director of the Blue Book Modelling Agency, told modelling hopeful Norma Jean Baker, “You’d better learn secretarial work or else get married.” Hence, Norma Jean went on to become Marilyn Monroe.

More Examples

  • In 1954, Jimmy Denny, manager of the Grand Ole Opry, fired a singer after one performance. He told him, “You ain’t goin’ nowhere, son. You ought to go back to drivin’ a truck.”  Because of this, that boy went on to become Elvis Presley.
  • When Alexander Graham Bell invented the telephone in 1876, it did not ring off the hook with calls from potential backers. After making a demonstration call using the new technology, President Rutherford Hayes said, “That’s an amazing invention, but who would ever want to use one of them?”
  • He dropped out of school at 15 to support his parents, tried sending his resume to The Carol Burnett Show and was rejected, was booed off the stage of his first public comedy show, and failed to land a coveted part on Saturday Night Live. Jim Carrey is now a movie star and millionaire comedian, and was invited to host Saturday Night Live.

Everywhere we look we can find similar stories behind many of our greatest inventions, stars, and heroes. These stories remind us that when we stay true to our vision for ourselves—even in the face of other people’s lack of vision, anything is possible.

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.

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.

down payment for home loan

down payment for home loan

 

Down Payment for Home Loan

Buyers here in Miami regularly ask me, “How much do I need for a down payment for a home loan?”  The down payment for a home loan can vary depending upon your individual circumstance.

If your down payment for a home loan is less than 20 percent, then you must pay for private mortgage insurance. Private mortgage insurance insures the lender for the amount of loan-to-value above 80 percent. For example, a $100,000 home with a $90,000 mortgage has a 90 percent loan-to-value.

While you are not required to have a 20% down payment for your home loan,  there are benefits to this.  Putting 20 percent down allows you to avoid private mortgage insurance. Private mortgage insurance is additional insurance lenders require from you when the down payment is less than 20 percent of the sales price or appraised value.

Why Work with Mario Quintero

Would you like to take advantage of the various conventional loan benefits available? Let me help you take a look at your options. I have been in the home mortgage loan business since 2002. Because of this, my experience is tested and true. I have helped thousands of clients like you with their conventional home loan needs.

Let me be both your trusted Miami realtor and Miami mortgage broker. It is my burning desire to build a business based on strong, lasting, lifelong relationships, one person at a time, through confidence and trust. I look forward to hearing from you and I can be contacted via email Mario@stcloans.com.

Get in Touch with Mario

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.

Miami real estate consultant

Miami real estate consultant

Strength Through Adversity

 

As you embrace the start of the New Year, it’s important to give yourself room to grow. It’s also important to remember that growth is not always easy or obvious. I’m reminded of the following story, a valuable metaphor for embracing adversity:

A man found the cocoon of a butterfly. A small opening appeared. The man sat and watched the butterfly for several hours as it struggled to force its body through the little hole. Then it seemed to stop making any progress. It appeared as if it had gotten as far as it could and could go no farther.  The man decided to help, so he took a pair of scissors and snipped off the remaining bit of cocoon. The butterfly then emerged easily. But it had a swollen body and shriveled wings.

 

What Happened Next?

The man continued to watch the butterfly because he expected that at any moment the wings would expand and the body would contract to the proper proportion.

Neither happened! In fact, the butterfly spent the rest of its life crawling around. It never was able to fly.  In his kindness and haste, the man had not understood something. A restricting cocoon and the struggle for the butterfly to get through the tiny opening were nature’s way of forcing fluid from the body of the butterfly into its wings so that it would be ready for flight once it achieved its freedom.

Sometimes struggles are exactly what we need to become stronger in character and determination. If nature allowed us to go through life without any obstacles, we would not learn how to be resilient and powerful. We might never fly!

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.

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.

Reverse Mortgage Florida

Reverse Mortgage Florida

Reverse Mortgage Florida as a Retirement Tool

 

Will you have enough funds available when you retire?  Are you in your early 60’s and still carrying a mortgage on your home?  How will you meet your financial obligations when you earn less?  A reverse mortgage Florida may be your answer.

According to a recent study by Harvard, “One in five Americans will be older than age 65 within the next 20 years.” Wouldn’t you want to continue living in your home as long as possible?   Furthermore, “Homeowners comprise the majority of cost-burdened older households. The number of owners carrying mortgage debt into retirement has increased over the past 20 years.”

As a result,  “Since you own a home, your high housing costs might be met with prudent and early financial planning.”  This may include planning for a reverse mortgage Florida.

Get educated about your financial challenges. If you to choose to remain in your home, you must address your options.

 

Why Work with Mario Quintero

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.

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

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.

Buy property in Miami

Buy Property in Miami

Reprinted from Realtor Magazine

Yes, It’s Still More Affordable to Buy Than Rent

 

Buy Property in Miami

DAILY REAL ESTATE NEWS | TUESDAY, JANUARY 10, 2017
In about two-thirds of the country – or 66 percent of the largest U.S. counties – it’s more affordable to buy a home than to rent one, according to a report by ATTOM Data Solutions.

They compared the monthly rents of three-bedroom apartments to monthly payments on median-priced homes (including the mortgages, property taxes, and insurance) across 540 counties.

Read more: Housing Markets Move More Into Buy Zone
“It feels like buying a home is getting tougher and tougher from an affordability standpoint,” says Daren Blomquist, ATTOM’s senior vice president. “But the low interest rates have really helped.”

Mortgage rates, however, are expected to rise in the near future. That could dampen the affordability prospects in the future.

“Even a fairly slight increase in mortgage rates could flip the equation and make it more affordable to rent than to buy,” Blomquist says.

According to the report, rents have been surging faster than home prices in about 27 percent of the markets measured.

Buy Property in Miami

In the country’s most populated counties, the following places topped the list as most affordable to buy than rent: Cook County (Chicago), Ill.; Maricopa County (Phoenix), Arizona, Miami-Dade County, Fla.; San Bernardino County, Cal. in inland Southern California; Clark County (Las Vegas), Nev.; Tarrant County, Texas in the Dallas metro area; Wayne County (Detroit), Mich.; Broward County, Fla. in the Miami metro area; Bexar County (San Antonio), Texas; and Philadelphia County, Pa.

 

Why Work with Mario Quintero

NOW is the time to buy in Miami-Dade County, as per the above piece by Realtor Magazine. Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker. Don’t attempt to negotiate on the purchase of your home on your own. Mario helps you reach the best price through his extensive negotiating skills.

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.

Jumbo home loans Miami

Jumbo home loans Miami

 

Jumbo Home Loans Miami

In many areas of the USA, it’s possible to find a great single family home for less than $250,000.  However, in other parts of the USA, particularly more urban areas, like Miami, that amount will cover your down payment.   Larger cities tend to have a higher cost of living.  Therefore, the cost of housing will also be higher, too.  As a result, many home buyers will need to secure a jumbo mortgage in order to purchase the home of their dreams.   Jumbo home loans Miami work pretty much the same way.

What is a jumbo loan mortgage?

A jumbo mortgage loan is a home loan for an amount that exceeds conforming mortgage loan limits set by housing regulators. Jumbo loans are not for unlimited mortgage amounts, though.  There are limits to this, depending upon where you live in the USA. This amount may vary.

In order to qualify for a jumbo loan, as the potential buyer, the paperwork you must fill out is pretty much the same as with a conventional mortgage.  Depending upon the lender, some may require two appraisals as opposed to just one.  Higher than average credit scores are typically required.  Low debt-to-income ratios, too.

Additionally, most jumbo loan lenders will require that you higher than average cash reserves available to cover the new mortgage payment.  Moreover, a higher down payment may also be required.  Typically, the down payment would be no less than 20% of the purchase price of your home.   Closing costs associated with jumbo loans also tend to be higher than with conforming loans.  Because of this, the lender may require you have larger amounts of liquid assets such as cash, available to complete the closing transaction on your new home.

 

Why Work with Mario Quintero

Do you think you qualify for a jumbo home loan Miami? Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker. Don’t attempt to negotiate on the purchase of your home on your own. Mario helps you reach the best price through his extensive negotiating skills.

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.

 

 

Miami's Animal Lover Realtor

Miami’s Animal Lover Realtor

 

Healthy Pets Save Money

We love our pets, but they can be expensive to care for, especially as they age.  Because of this, you never want to have to choose between your pet and your bank balance.  Since I have the opportunity to meet many pets on a regular basis, when I visit my clients’ homes, they just call me, “Miami’s Animal Lover Realtor”.  So, consider these simple tips for saving money while keeping Fido or Fluffy healthy and happy:

  • Get regular checkups. The money you spend on vaccinations, spaying/neutering, and routine medical care will pay off in preventing more expensive illnesses later.
  • Groom at home. Lots of grooming – brushing, washing, clipping claws – can be done on your own. Also learn to do the unpleasant tasks of cleaning ears and anal glands.
  • Get annual dental care. Talk to your vet about keeping your pet’s teeth clean and preventing infections. Dental problems are one of the leading causes of dog or cat health problems as they age.
  • Consider pet insurance. Shop around for some insurance to cover medical care in the event of an emergency.

Miami’s Animal Lover Realtor

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

Our valued customers, colleagues, and friends refer their family members, coworkers, neighbors and other people they know to us for advice on any aspect of mortgage financing. It is our burning desire to build a business based on strong, lasting, lifelong relationships, one person at a time, through confidence and trust. I look forward to hearing from you and I can be contacted via email.

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.

VA Loans for Veterans Living in Florida

VA Loans for Veterans Living in Florida

VA Loans for Veterans Living in Florida

Being a US veteran has its benefits.  After all, this country owes veterans a debt of gratitude.  Therefore, the least we can do, among other things, is offer advantageous benefits to veterans such as competitive VA loans for veterans living in Florida.

Says Allison A. Hickey, VA’s Undersecretary for Benefits: “This vital program offers veterans, service members and their families the keys to homeownership and is truly a testament to our nation’s commitment to enhancing the lives of those who served our country.”

Here is a listing of  just a few of the benefits offered to veterans through VA loans for veterans living in Florida:

 

  • low interest rates than those of conventional loans (call our office at 305-598-1600 for current levels)
  • no down payment needed (if the purchase price doesn’t exceed the appraised value)
  • No private mortgage insurance required on loans of more than 80% of a home’s appraised value (which can often save borrowers $100 to $200 a month)
  • Limits on closing costs
  • No minimum credit score required
  • No prepayment penalty for eliminating your mortgage ahead of schedule

 

Why Work with Mario Quintero

Are you a veteran looking to both purchase and secure mortgage financing? Buying a home isn’t just a matter of finding the right house. Negotiating and reaching a workable price level work hand in hand. You must secure mortgage financing to purchase your dream home. Because of this, as a trusted Miami realtor and efficient Miami mortgage broker, Mario will help your dream home become a reality.

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker. Don’t attempt to negotiate on the purchase of your home on your own. Mario helps you reach the best price through his extensive negotiating skills.

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 you VA loan for veterans, 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.

 

New Year's Resolutions

New Year’s Resolutions

 

New Year’s Resolutions

It’s still early on in the year.  How are your new year’s resolutions coming along?  Most Americans make these resolutions hoping to bring about significant change in their lifestyles.  But usually, by the 3rd or 4th week of January, they’ve forgotten about them and return to their regular habits.  They fail to recognize the power such changes in habits will make in their lives.

Adults who change their lifestyles can decrease their chances of developing heart disease later in life, according to a study conducted by the Northwestern University Feinberg School of Medicine.  Researchers collected data on lifestyle habits of approximately 5,000 participants between the ages of 18 and 30, then analyzed the status of their health 20 years later.

They found that 25 percent of participants who had adopted at least one healthy habit (maintaining a healthy weight, not smoking, exercising etc.) had cut their risk of developing heart disease.  The 40 percent who had dropped one or more healthy practices had actually increased their chances of cardiac problems.

The takeaway:  Dropping unhealthy habits at any age can have a positive effect on your heart health.  So don’t assume you can’t help yourself just because you’ve pursued the wrong patch up until now.

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.

Our valued customers, colleagues, and friends refer their family members, coworkers, neighbors and other people they know to us for advice on any aspect of mortgage financing. It is our burning desire to build a business based on strong, lasting, lifelong relationships, one person at a time, through confidence and trust. I look forward to hearing from you and I can be contacted via email.

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.