No PMI Loans

No PMI Loans

From Realtor.com

Avoiding PMI Without the 20% Down Payment

No PMI Loans

Did you know you don’t have to put 20% down to avoid PMI, or private mortgage insurance?  Indeed, you may qualify for no PMI loans, without the 20% down payment.

What is a Conventional loan without PMI?

When you fall short of a 20-percent down payment on a conventional mortgage loant, you must pay for private mortgage insurance, or PMI. Although you can’t avoid the coverage which protects your lender in case you default, you can prevent monthly payments. Some conventional lenders offer alternative methods of paying PMI premiums to help keep your monthly payments low. You may also eventually qualify to cancel PMI, with your lender’s permission.

Conventional loans offer better interest rates and repayment terms in comparison to government-backed loans. Conventional financing requires good credit and a healthy debt-to-income load. If you lack this criteria, which is set by Fannie Mae, you can turn to financing backed by the Federal Housing Administration or the Department of Veterans Affairs, provided you are an eligible veteran. You can also opt for a conventional loan with PMI. Typically, you pay the annual PMI premium in monthly installments, along with the mortgage payment.

You can forgo monthly PMI installments by increasing your conventional loan’s interest rate. Known as lender-paid PMI, the lender covers the PMI premium for you and passes the cost onto you by increasing your interest rate. Your rate generally increases by three-quarters of a percentage point to a full percent, according to Realtor.com. Because you keep the increased interest rate for the duration of your loan, you can ultimately end up paying more over the life of your loan with lender-paid PMI.

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. 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.

Miami realtor

Miami realtor

You Get Out What You Put In

Every so often I get stuck in neutral. I coast along, doing things the same old way I’ve always done them. Then I notice something falling off…the quality of a relationship, the amount of business I’m doing, my health, and so on.

When that happens, I’m reminded of a little story I once read, that I’d like to share with you. It’s from motivational speaker Zig Ziglar who’s telling a story about his friend, Walter Hailey.

The story goes that although Hailey became a star salesman in later life, his early career as an insurance salesman was rough. He endured frustration, anxiety, slammed doors, low sales figures, and uncertainty about his future.

One day he grew so discouraged that he went to his boss and told him he was going to quit. His boss’s response? “You can’t.”

Hailey repeated that he was quitting. The manager repeated, “You can’t.”

Angry now, Hailey shouted, “Yes, I can!”

His manager replied, “Walter, you can’t get out of the insurance business because you have never really gotten into the insurance business.”

The words hit Hailey like a ton of bricks. For the first time in his life he realized that you can’t get something out of an endeavor if you never put anything into it. Or as Ziglar says, “There are many people who ‘join’ a sales organization, but never get into the business of selling.”

I’ve taken this to heart, and apply it everywhere in my life with wonderful results, not just in my business. Whenever I’m starting to get results I don’t like, I take it as a sign that I’m losing my focus. It’s a sign to start paying more attention!

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. 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.

Miami Home Sales

Miami Home Sales

What Sales Slump?

Courtesy of Reuters

U.S. home resales rose more than expected in March to the highest level in more than a decade, The National Association of Realtors (NAR) announced on Friday.  Miami home sales remain strong.

Existing home sales climbed 4.4 percent for the month, while economists were expecting a smaller increase of 2.5 percent, according to Thomson Reuters consensus estimates.

While the number of homes on the market rose 5.8 percent to 1.83 million units last month, housing inventory was down 6.6 percent from one year ago, implying that demand is outweighing supply.
Properties typically remained on the market for 34 days in March, compared to 45 days in February, the NAR added.

“The early returns so far this spring buying season look very promising as a rising number of households dipped their toes into the market and were successfully able to close on a home last month,” Lawrence Yun, a chief economist for the industry group, said in a statement. “Sales will go up as long as inventory does.”

U.S. home resales fell more than expected in February amid a shortage of houses on the market, which pushed prices up and sidelined potential buyers.

The NAR’s existing home sales data measures sales and prices of existing single-family homes for the nation overall.  These figures also include condos and co-ops.

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. 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

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.

Forgotten Passwords

Forgotten Passwords

Forgotten Passwords

Several years ago, a young man named Maruicio Estrella had one of those inspirational moments that makes so much sense in hindsight.

Due to a recent divorce in his life, he found himself in an angry depression. The final straw seemed to be one day when he walked into his office and was faced with a “Your Password Has Expired” message on his computer.

Remembering that a former boss had combined to-do lists with passwords, he had a sudden insight. He would use a password to change his life.

He came up with the password Forgive@h3r. The constant reminder over the next 30 days as he typed in his password every morning seeped into his subconscious. It had a healing effect on him.

At the end of 30 days, he changed his password to Quit@smoking4ever. According to Estrella, he quit smoking overnight.

Here are some other passwords he has used since, and his results:

  • Save4trip@thailand. I went 3 months later.
  • Sleep@before12. It worked. Got lots of sleep.
  • No@drinking2months. It worked, felt great!
  • Eat2times@day. Never worked, still overweight.
  • Get@c4t! It worked…we have a cat.
  • Facetime2mom@sunday. It worked. I talk with my mom every week.

What kinds of goals can you put into your passwords, and possibly into your life?

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. 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

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.

 

Easter and Passover in Miami

Easter and Passover in Miami

 

Easter and Passover in Miami

This week in Miami brings us spring break for public and most private schools. Additionally, this is a week where high holidays are celebrated for both the Jewish and Christian faiths. Easter and Passover celebrations symbolize the most solemn of religious occasions. Both usually tend to fall around the same time of the year in springtime.

Have a look at high holiday activities around Miami for your family for both Passover and Easter.

Springtime is a time of renewal and refreshing, both spiritual and physical. We put the winter behind us and concentrate on ending the kids’ school year and getting ready for summer.

It’s also a time when many homes go on the market. Most properties are either bought our sold during the springtime.

 

Why Work with Mario Quintero

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 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 don't rent

Buy don’t rent

The Power of Words and Buying vs. Renting

Sometimes people say things to you at just the right time, and they change your life forever. Perhaps it was a coincidence, perhaps it was part of a mysterious master plan. Perhaps everyone you meet in life, you meet for a reason. You learn something from that person, and sometimes the lesson is quite stark. Here’s an example of what I mean:

I was 13 years old, trying to convince my 8-year-old brother to skateboard down a small hill. It was taking quite a while as my brother was really nervous about it.

We were at a big, public park, and nearby there was an old woman who looked about 75 years old. She was sitting on a bench watching us.  My brother was practically crying and I was embarrassed that he was being such a wimp.

He kept saying, “I might crash. I’m afraid!”  I was really putting the pressure on when the old woman got up and walked over to us. I thought she was going to tell me to lay off.

Instead, she raised her fist defiantly at my brother and said, “So be afraid! And then do it anyway!” He swallowed and took off. He did fine.

I have never forgotten that moment. It was a revelation that it’s not about being unafraid. It’s about being afraid and doing it anyway.

Can you remember a moment like this, when your perspective changed all at once because of something someone said to you?  I can tell you that your perspective will change when you become a homeowner, too.  Buy don’t rent.  Experience the pride of ownership in a home.

Buy Don’t Rent

Sometimes first time buyers are afraid to buy a house.  I experience it all the time.  But you know what?  It’s better to buy and own than to rent and give your money to someone else.  Pay yourself first.  Buy don’t rent.

 

Why Work with Mario Quintero

Whether you want to buy for the first time, refinance your existing loan or even purchase an investment property, TODAY is your moment. 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.

texting and driving

Texting and Driving

Keeping You Safe Driving as We Find Your Dream Home

 

Texting and Driving – Not A Good Mix

Save a life – Don’t Text and Drive! We’re sure you’ve heard announcements like this for years. But do people heed the warnings? No. Thousands of accidents take place each year due to texting and driving. While we know it’s challenging to not be connected constantly in this digital age, the life you save could be your own.

Senate Bill 144, aims to change the current texting and driving law in Florida. Should it pass, the law gives an “authorization to law enforcement officers to stop motor vehicles and issue citations to persons who are texting while driving.” This thereby deletes the prior provision requiring allowing citations to be issued as a secondary action.

Mario Quintero and STC Loans helps you find your dream home and finance it, too.  But, we also care about your well-being.  Whether you live in a  big city like Miami, or smaller suburbs, safety on the road is paramount.

Why Work with Mario Quintero

Whether you want to buy for the first time, refinance your existing loan or even purchase an investment property, TODAY is your moment. 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.

Miami home inspections

Miami home inspections

 

Miami Home Inspections

 

One of the new services we are offering under our marketing & listing plan is to pay in advance for Miami home inspections.  This can be referred to as a pre-listing home inspection.  This will be at our expense.   We will review this inspection together with the seller.  In this way, we may take care of many of the small items that can surface as a surprise thereby, reducing the potential for additional price negotiations.

 

A Pre-listing Home Inspection

Here are a few examples of what happened in our most pre-listing home inspection.   This Miami home inspection concluded the following items had issues: termite infestation, grounding of the pool pump,  minor cracks in the cement around the pool deck, adjustments to the electrical panel, a loose connection on the washing machine drain, peeled paint in 2 bathroom, and changing of the ceiling lamps.  The seller chose to give a credit for the termite issue.  The seller corrected the grounding of the pool pump, the minor cracks in the cement around the pool deck,  the adjustments to the electrical panel, the washing machine drain, the peeled paint in the two bathroom walls and changed the ceiling lamps.

The latter changes were critical, since the potential could be financing with FHA or VA.  All of those issues would have delayed the financing process.  Additionally, they really had to be corrected anyway.

As you can see, the seller had their pre-listing home inspection.  The seller is now able to take care of  many of the corrections  and therefore, eliminate potential problems when the future buyer has completed their home inspection.

Our seller was very happy with the results of this pre-listing home inspection.  Moreover, the seller was impressed with our expertise.  We are now ready to sell the home.

 

Why Work with Mario Quintero

Whether you want to buy for the first time, refinance your existing loan or even purchase an investment property, TODAY is your moment. 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.

 

Drinking and driving

Drinking and driving

 

 

St. Patrick’s Day Safety Precautions

 

Drinking and Driving – A Bad Mix

While St. Patrick’s Day always conjures up images of festive parades along with bar-hopping and beer drinking parties, unfortunately, many forego the safety precautions associated with the same. It’s great to have holidays and reasons to enjoy the festivities. But, it’s equally as important to remember to practice caution and take safety measures while enjoying your activities. Why not be proactive with some St. Patrick’s Day safety precautions?  In other words, avoid drinking and driving.

One alcoholic drink too many could have serious consequences to your life and the life of others. Is it really worth it? Isn’t it easier to hand the keys off to someone else and have them be your designated driver?

If you’re looking for some good and safe fun events to attend this St. Patrick’s Day, have a look here at the Miami New Times keeping you up to date with South Florida’s best activities.

 

Why Work with Mario Quintero

Whether you want to buy for the first time, refinance your existing loan or even purchase an investment property, TODAY is your moment. 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.