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..

 

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.

Your Life Vision

Your Life Vision

 

Hone Your Life Vision

Just like businesses are guided by a vision, your life can also benefit from having a vision.  Your life vision is a description of your idealized lifestyle and outcomes.  Vision is often based on living according to your highest values and principles.

When honing your life vision, here are things to keep in mind:

  • Your vision shouldn’t be about “shoulds”.  Your vision is based on what you want to achieve.
  • A vision includes identifying your highest values.
  • Focus your vision on a higher sense of what you’d like out of life based on your values. Don’t worry about specific details.
  • Keep your vision distinct from your goals.  A goal has a time-bound and measurable outcome.  A vision is the broad sense of direction you want your goals to take you.
  • Keep your vision fresh.  If you’re feeling bored, re-evaluate your life vision.

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 Closing

Miami Home Closing

 

Miami Home Closing Celebration

The Mario Quintero team at Re/Maxx held a Miami home closing celebration this morning for our Re/Maxx buyers Julio & Meylin. STC Mortgage took of the financing. As you can imagine, the family is very happy with their new home purchase. A very special thanks goes out to our team members. Laura Menendez, senior loan processor/originator, handled all the financing details.  Jackie Velazquez, Re/Maxx transaction coordinator arranged for everything to fall into place.   And the entire team at C and C Title Agency achieved a smooth, hassle-free closing.

 

Why Work with Mario Quintero

Just as I helped Julio and Meylin find their perfect and get the most competitive interest rate for their home purchase, I can help you, too.  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!

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 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.

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.