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!

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..

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.

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.