Home buying in Miami

Miami home loans

 

Miami Home Loans

Were you among those who were affected by the Great Recession?  Did a short sale hit you like a ton of bricks during the real estate bubble?  If you executed a short sale during the real estate bubble three years ago,  you are now eligible to purchase again using an FHA loan.  If your short sale was over four years ago, you may qualify for a conventional loan with as little as 5 % down. There is a way to qualify for Miami home loans today.  This way is simpler than anything we’ve seen since the financial crisis.

Available for immediate applications and funding.

If you are self employed we have a new 1 month bank statement program, no tax returns, no prepayment penalties 30 year rates rates less than 6%. Very low doc loan.

Call or text me for more information at 305-598-1600 or email me at mario@stcloans.com

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. Let’s find your dream home!

home buying in Miami

home interest rates

What High Interest Rates?

There seems to be a lot of commotion about home interest rates rising in the USA banking environment these days.  So because we’ve gone from 3.75% to 4.75% in the course of two years people think the sky is falling.  Really?  You’ve got to be kidding.

Back when I bought my first house in the 80’s, the interest rate environment was a completely different scenario than the current one. I purchased my home at an 17.5% interest rate.  Now that was a high interest rate.   Even as not too long ago as the early to mid 2000’s interest rates were hovering around 8% reaching to 6% by 2008 just prior to the financial crisis.

Because the nation was faced with an almost depression-like scenario, our leaders acted quickly to stabilize financial markets.  It is because of this reason that interest rates went as low as they did, in order to avoid an entire financial collapse.

What’s the moral of the story?  Higher interest rates mean an improving economy.  This results in an all-around better economic scenario for everyone, not just a few.  Because things are better in the USA economy today, we can feel safe with a few basis points higher in interest rates.

And regardless, historically speaking, interest rates as this level are still low.  It continues to be a perfect environment to both buy and sell and maximize your money.

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. Let’s find your dream home!

 

5 de Mayo in Miami

5 de Mayo in Miami

5 de Mayo in Miami

Celebrations for 5 de Mayo in Miami offer up visual images of much fun and partying. Who doesn’t enjoy going out for drinks on a festive holiday together with friends?  This year, 5 de Mayo falls on a Friday night.  Talk about the most fun of weekly happy hours!

While all of this is good and true, it’s important to also keep safety in mind.  Driving under the influence claims the lives of hundreds of people each year in Florida.

In the past year, in Florida alone, there were 31,783 arrests for driving under the influence, 797 deaths associated to DUI’s, 27% of all traffic accidents. In fact, DUI’s represent one of the leading causes of motor vehicle deaths every year. Is a 5 de Mayo DUI worth it?  Ruining your life dreams for an extra sip of that drink is not worth it, trust me…

 

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. Let’s find your dream home!

Reverse Mortgage

Reverse Mortgage

A Financial Option in Retirement

While we all hope to be healthy well into our golden years in retirement, statistics indicate at least 70% of Americans 65 and older will require some form of long term care or disability insurance. As we all know, these costs can be high and literally break the bank for many seniors adding undue stress to themselves and their families.

Wouldn’t it make sense then, to plan for the unexpected?

Most people want to stay in their homes as long as possible and in their communities, with familiar surroundings. Preparing for the future with in-home care is the most vialbe option. Not only do we become accustomed to our neighbors and community, we want to stay close to what we know and feel comfortable with.

As we all know, health care costs are just continuing to increase. So, what options are available to seniors that will help allow finance these inevitable costs?

What is a Home Equity Conversion Mortgage?

A Home Equity Conversion Mortgage (HECM), known more commonly as a reverse mortgage, is a Federal Housing Administration (FHA) insured loan. A reverse mortgage allows seniors 62 and older to tap a portion of their home’s equity to obtain funds without having to make monthly mortgage payments.  If you have an existing mortgage, then the balance would need to be paid off using the proceeds from the reverse mortgage. The borrower continues to own the house, and maintains title for the life of the loan. The home can also be sold at any time. The loan typically becomes due when the borrower moves out of the house as their primary residence or passes away.

Why not consider this option for either yourself or someone you know?

 

Get in Touch with Mario Quintero Today

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.

Friday the 13th

Friday the 13th

 

from History.com and Wikipedia.com

The History of Friday the 13th

Long considered a harbinger of bad luck, Friday the 13th has inspired a late 19th-century secret society, an early 20th-century novel, a horror film franchise and not one but two unwieldy terms—paraskavedekatriaphobia and friggatriskaidekaphobia—that describe fear of this supposedly unlucky day.

Just like walking under a ladder, crossing paths with a black cat or breaking a mirror, many people hold fast to the belief that Friday the 13th brings bad luck. Though it’s uncertain exactly when this particular tradition began, negative superstitions have swirled around the number 13 for centuries.

Why is Friday the 13th Unlucky?

The superstition surrounding this day may have arisen in the Middle Ages, “originating from the story of Jesus’ last supper and crucifixion” in which there were 13 individuals present in the Upper Room on the 13th of Nisan Maundy Thursday, the night before his death on Good Friday.[3][4]While there is evidence of both Friday[5] and the number 13 being considered unlucky, there is no record of the two items being referred to as especially unlucky in conjunction before the 19th century.[

Why Work with Mario Quintero?

What could be worse on a Friday the 13th than to find you dream home and not be pre-approved for it!  Need help financing a property?  Are you having difficulty finding a property?  Are you in the market to purchase or refinance?  We have helped many repeat clients both purchase and refinance their homes.  Mario has been in the real estate mortgage business since 2002. Mario’s experience is tested and true. Mario has helped thousands of clients secure and improve competitive real estate mortgage interest rates .

Mario gets your deal done. Let Mario 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.

 

 

Passover and Easter

Passover and Easter

Wishing you a Happy Easter and Passover in Miami

This week in Miami brings us spring break for public and most private schools. Additionally, we celebrate high holidays 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 is also a time when many homes go on the market. Individuals purchase and/or sell properties now, during 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.

Miami house flipping

Miami house flipping

 

courtesy of CNBC

House Flipping – At An All-Time High

More and more people are flipping houses — the most in 10 years – but they are reaping smaller rewards. High home prices, hot competition and very, very few available homes to buy are combining to make this popular trade ever more risky.

Just more than 207,000 homes were flipped in 2017, according to a new report from Attom Data Solutions, which defines a flip as a property bought and sold in the same 12-month period. That is the highest number of flips in a decade. The number of people or companies flipping homes, 138,410, also jumped to a decade high.

Today’s flippers, however, are nothing like those of a decade ago, who used cheap and easy money to finance their trades.

 “The surge in home flipping in the last three years is built on a more fundamentally sound foundation than the flipping frenzy that we witnessed a little more than a decade ago,” said Daren Blomquist, senior vice president at Attom Data Solutions. “While financing for flippers has become more readily available in recent years, 65 percent of flippers still used cash to buy homes flipped in 2017, nearly the reverse of 2004 to 2006, when 63 percent of flippers were leveraging financing to buy.”

Today’s flippers are seeing bigger gross flipping returns in dollar figures because they’re dealing with much higher home prices and margins, but they are also putting more money into the projects, making the net return lower. The average gross flipping return on investment last year was 49.8 percent, down from 51.9 percent in 2016.

“You have to be able to get in for a low enough price, it has to be a hot enough neighborhood and you have to know exactly what the build is going to entail,” he said.

Why Work with Mario Quintero?

Are you in the market to purchase a fixer upper?  We have helped many repeat clients purchase similar properties and either keep them for themselves or use as an investment. Mario has been in the real estate mortgage business since 2002. Mario’s experience is tested and true. Mario has helped thousands of clients secure and improve competitive real estate mortgage interest rates .

Mario gets your deal done. Let Mario 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.

higher interest rates

rising interest rates

 

Rising Interest Rates on the Horizon

We’ve said it time and time again. As a result of the improved economy, mortgage rates are rising. Hovering in the high 4 percentile rate now, if you have not already locked in your mortgage rate, do it quickly. Whether you are buying a home or refinancing an existing mortgage, lock in your lower rates today.  Indeed, rising interest rates are on the horizon.

Despite growth in both mortgage rates and home prices, housing demand kicked off 2018 with its strongest January on record. So even with the higher mortgage rates, demand for homes is the highest it’s ever been.

According to National Mortgage News, “The rise in housing demand this year could be a sign that prospective homebuyers are anticipating further growth in mortgage rates.  According to experts, mortgage rates are expected to near 5% by the end of the year.

Why Work with Mario Quintero?

Are you in the market to either purchase a property or refinance your existing mortgage?  Are you confused about the options in the marketplace?  Have a look at your options with Mario Quintero of STC Loans. Mario has been in the real estate mortgage business since 2002. Mario’s experience is tested and true. Mario has helped thousands of clients secure and improve competitive real estate mortgage interest rates .

Mario gets your deal done. Let Mario 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 for New Home Purchase

Reverse mortgage for seniors

 

How a Reverse Mortgage Helps Seniors

As you enter retirement, and no longer have a steady work income, you may not have sufficient funds to retire comfortably.  Life changes and suddenly, you feel strapped. Ultimately, you feel unable to take advantage of your free time in order to enjoy life in retirement.  Have you ever considered a reverse mortgage for seniors?

Reverse mortgage loans allow senior citizens to access their home’s equity. As a result, the repayment is deferred.  Or, you may liquidate it when you vacate the house you currently own. This is a great opportunity for seniors.   The loan provides liquidity during retirement since no payments are required.  A reverse mortgage is an excellent financial tool to help supplement funds while retired.  Interest on the loan is added to the loan balance every month.

Why Work with Mario Quintero

Is a reverse mortgage right for you?  Are you confused on the benefits this loan offers?  Take a look at your options.  Mario Quintero of STC Loans  can help you as he has been in the reverse mortgage business since 2002. Mario is experienced. He has helped thousands of seniors secure and supplement their retirement with a reverse mortgage.

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let Mario 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.

 

No PMI Loans

Home Loans

Generational Buying

While it can be one of the most gratifying experiences ever, purchasing a home can also be one of the most nerve-wracking experiences, too. Between all of the properties available from which to choose to deciphering bank and interest rates fees for home loans, points, no points, closing costs, etc., – it can be overwhelming.

Recently we helped the first-time buyer children of one of our regular clients. The couple had selected a new home construction from our home builder of choice, Lennar Homes. During their negotiation, they received all sorts of incentives. We helped guide them along their process, since it was their first time purchasing a property.

This was the third generation in this particularly family we’ve helped purchase a home.

Once the couple secured their home with all the negotiated amenities, financing had to be decided upon. Rather than “leaving them to the wolves” of the banking and home financing industry, our team at STC Loans helped guide them. We helped make their home finance seamless. This young couple didn’t have to worry about whether to points or what term length or fixed vs. adjustable. Our team secured the most competitive fixed conventional loan rate available in the market.

When you think about it, STC Loans provides boutique service. In other words, personalized attention, drama-free, seamless, is what you’ll get with Mario Quintero’s team?

Isn’t this what you’d like for yourself, your family and your friends?

Why Work with Mario Quintero?

Do you have children, friends or other relatives in the market to either purchase a property or refinance? Are you confused about all the options available in the marketplace? Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the real estate mortgage business since 2002. Mario’s experience is tested and true. Mario has helped thousands of clients secure and improve competitive real estate mortgage interest rates .
Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let Mario 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.