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A Great Time to Refinance…

Just yesterday the Fed announced they may very well still raise interest rates in one or both of their remaining meetings this year.

What does this tell us?   Historically, it’s the absolute best time to refinance your home.  Never in history have interest rates been this low and attractive.  Think what you can do with the money you would be saving?  At the end of the day, you could practice good ol’ American consumerism by injecting your savings back into the economy.  It’s what Americans are known to do…

At Strock and Tanner Mortgage, we specialize in all types of home loans, mortgages, refinances and reverse mortgages.   We have experience in all ends of the real estate market, from realtors, to loan officers, to in-house servicing.  We can handle all your home purchase and financing needs.

If you’re in the market to purchase a new home, refinance and existing property, obtain a reverse mortgage on the equity in your home, your seniors parents home, or a friend or family member, call us at Strock and Tanner Mortgage to help you convert your dreams into reality.

Want to see stories of satisfied clients?  Have a look at our album of successful closings here.  It’s our business to make your real estate goals into reality.  We are licensed in the entire state of Florida and can help you regardless of your location.  Join thousands of satisfied clients.

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

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It’s been a month since the Brexit vote and, as we reported initially, Miami home loan interest rates have continued to decline.

Just this week we reported how we now have a new conventional home loan interest product with 1% down payment, up to $417,000 loan as long as your total debt service ratio is no more than 46% and your FICO credit score is over 700.

These numbers are unheard of post the Great Financial Recession of 2009. If you have not yet acted, NOW is the time to purchase or refinance your home in order to lock-in these low rates before they increase.

As you very well, the Fed’s actions are unpredictable from meeting to meeting, so home interest rates could very well rise at any time without prior notice.

The Miami housing market continues to sizzle despite other major metropolitan home areas nationwide showing signs of slowing. We are not only fueled by locals interested in buying, selling and refinancing, but we have a large tourist population making Miami a second home. Our international foreign buyer base is also strong seeking a secure harbor to park their capital given uncertainty in other global markets.

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

 

 

 

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We now have a new conventional loan program up to $417,000 featuring a 1 % down payment! To qualify you need a 700+ FICO credit score, Maximum debt to income ratio of 43%.
Great low rates, and is available with no monthly Mortgage Insurance. Call me for details.

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

One of the key elements of my listing marketing plan is to have a full appraisal done on the property. This process gives my clients more confidence in the pricing of their home.

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In addition when we go into contract and the buyers schedule there appraisal for the loan they are securing I attend the actual appraisal that is being done. At the time of appraisal realtors are permitted
to hand the appraiser comps they feel that should be considered in the process. At this time I hand the appraiser the original appraisal that was conducted which contain the actual comps for the area. I find this practice to be very effective and the appraiser is actually getting a second professional opinion in completing the final report.

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

If you’re anything like most Americans, your house is your greatest asset. So, whether you are buying or selling, you’re going to want to make sure you have all your I’s dotted and your t’s crossed with regards to selecting the right realtor for your sale or purchase.

The South Florida market is one of the most active markets in the country today. Since the decline of the market in late 2008, hitting lows later in 2009 and early 2010, the market has soared back to reach even higher highs?

Did you take advantage of this price appreciation?

Though we’re into the middle of 2016 already (where has the year gone), the South Florida market continues strong. There is talk of prices easing, but we’ve not seen such price declines, yet.

Are you looking to buy or sell?

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

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Screen Shot 2016-05-19 at 3.36.21 PMWhile markets fluctuate regularly, are you going to let a potential market fluctuation keep you from buying your dream home or other investment property?

Or are you going to let a potential market fluctuation lead you to sell your family’s home in order to benefit before a possible downturn?

Of course not.

Markets go up; markets come down. We’ve seen plenty of cycles time and time again and we’ll see many more as time progresses.

Consider these opportunities to grow both your investment portfolio and other assets. In market downturns, the best thing to do is to wait and observe. A great buying opportunity is just around the corner.

Take a look at the South Florida real estate market, for example. The market begin to change later in 2007, prior to the stock market crash of late 2008/early 2009. What ensued was one of the best buying opportunities ever to be capitalized upon later in 2010 and 2011. Properties were purchased at nearly half of what these are today available for on the market.

Tap into a home equity line of credit to purchase that investment property you’ve been eyeing.

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

Want to learn more? Call me today at 305-598-1600.

Established since 2002, Strock & Tanner Mortgage Corporation has never failed customers, their families and trusted consultants with the offered services. Strock & Tanner Mortgage Corporation has a sense of enthusiasm and compassion when it comes to serving valued clients.

Strock & Tanner is highly dedicated to supplying both quality and effective Reverse Mortgage services to senior citizens throughout the state of Florida. Strock & Tanner Mortgage Corporation works diligently to discover new and innovative methods to satisfy the individual requirements of each of our customers on a specific basis.

We are a team of top-notch specialists with comprehensive and extensive experience when it comes to handling different mortgage services. Strock & Tanner Mortgage Corporation offer superior customer service and make every effort to not just close loans, but we also educate each individual with the essential and vital information they will require about the offered mortgages services.
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If you want to learn more about our offered mortgages, our expert consultants will clearly set out the information for your program so that you will have the right choice. Call us today for a free consultation throughout the entire state of Florida. Contact us at 1-855-337-1600 or email info@stcloans.com for more details.

Various news outlets have reported on reverse mortgages and the series of program changes that have now made these loan products safer and more effective retirement planning tools. Perhaps none, however, have given reverse mortgages such an enormous viewership platform as a recent NBC Nightly News segment that aired this month.

More than half of people over age 55 have little or no retirement savings, said NBC Nightly News Anchor Lester Holt. But while reverse mortgages may have been controversial in the past, Holt notes consumer advocates now say these loans could be a “smart way to bring in more money.”

“Thanks to new government regulations, reverse mortgages are now actually harder to get, and with tougher lending standards in place, they’re actually becoming less controversial and more popular,” said NBC Business Correspondent Olivia Sterns. “Still, experts warn they are not for everybody.”

For the Rothschilds, a reverse mortgage was the solution to stay put, but after 30 years and four children later, the Cartersville, Ga. couple couldn’t afford to stay after the downturn hit. That is when they decided to get a reverse mortgage.

“It was scary. It was devastating,” Mr. Rothschild said during the segment.

When asked by Sterns if they were worried about the risks of getting a reverse mortgage, the Rothschilds admitted that sure, they were concerned, but that they also “did a lot of education.”

“I think reverse mortgages are going to be a lifeline for millions of retirees in the years to come simply because they are under-saved for retirement,” said Greg McBride, CFA, senior vice president and chief financial analyst at Bankrate.com.

The Rothschilds borrowed $250,000 in equity from their $440,000 home. If they sell or die, they only get what’s left of the equity, Sterns noted, which would be $190,000. The bonus of not having a mortgage payment, she said, translates into the Rothschilds now saving $2,500 each month.

“For the Rothschilds, it all added up to a little more breathing room as they retire,” Sterns concluded.

For reverse mortgages, appearing on primetime national news is huge exposure for the product, even if for only a two-minute segment.

NBC Nightly News dominated its competitors, both ABC and CBS, in the evening news ratings for the week of April 18, generating more than 8.1 million viewers, according to recent data from AdWeek.com.

The reverse mortgage segment aired at the end of that week on Friday, April 22.

View the NBC Nightly News segment.

The reports are starting to come in…seems like there’s talk about the Miami market softening. But we at Strock & Tanner say, where’s this softening?

While, sure, Miami experiences the same fluctuations in the winter as other major metropolitan areas, where listings decrease, the spring has one again picked up with the usual speed, interest, and enthusiasm from buyers as we have experienced in years past.

If priced correctly at listing, we are seeing multiple bids on properties. These follow with a very quick “pending” sale announcement on the listing.

The condo market also continues to be strong, with steady demand.

Interest rates continue to be at all-times, allowing for an environment which buyers want to take advantage of.

I’m Mario Quintero of Strock and Tanner Loans. If you are interested in buying, selling, refinancing or a reverse mortgage, please call me at 305-598-1600 and I will personally help you with whatever your real estate needs may be.

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With regards to selling, you (the seller), are in control of your home’s destiny. You have all the power to determine whether or not your house will sell quickly or if it will stay on the market for a longer period of time.  In addition to choosing the correct realtor to represent and market your property, the next most important decision you will make is whether or not to price your home properly (and in-line with the comparables) or list it too high, and have the property linger on the market for a longer time.

If you price your home properly, you will benefit from a quick sale and turn around.  If you choose to ask more than the current value vis a vis the market, your house will suffer from a “reputation.”  Why risk that?

My name is Mario Quintero, “Your Realtor for Life.”  With access to the most sophisticated programs, I’ve helped thousands of homeowners just like you properly price their properties for a quick sale, in line with the surrounding market, while maximizing the value of their property.

Don’t chance having your home sit on the market longer than necessary.  Call me today at 305-598-1600 for a proper assessment.

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