FHA loan

FHA Loan

Is an FHA loan right for you?

How do you know if an FHA loan is something for which you may qualify?  Less stringent lending standards and lower down-payment requirements make FHA loans popular with mortgage borrowers.

 

What is an FHA loan?

An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan.

 

What are the benefits to having an FHA loan?

Among other things, less than perfect credit is ok.  The minimum down payment is 3.5% of the purchase price of the home.  The closing costs may be partially covered by the seller, the builder or the lender, thereby easing the total amount for the buyers to bring to the closing table.   Additionally, buyers can borrow up to a certain amount for repairs. Moreover, in some instances, financial hardship assistance or relief is available to the buyer,  too.

 

Why Work with Mario Quintero

Do you think you qualify for an FHA loan or know someone who may?  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.

 

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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.

 

 

 

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.

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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After 12 years as an active independent Realtor I have made the decision to join the Remax Advance Realty Team.
I have made this decision in order to improve the service levels that my clients have learned to enjoy over the years.
The Remax Brand will give me the opportunity to assist my clients throughout the state of Florida, throughout the United States
And many countries around the world. The Remax brand and support will also be an integral part in listing & selling Luxury Homes.

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Retirees have the opportunity to use a reverse mortgage on their home for many financial challenges facing seniors today. Many well known sites such as Money Magazine, The Huffington Post, CNBC and CNN Financial news have all tooted the many benefits reverse mortgages afford to Seniors.

Let’s discuss a couple of the more prescient ones within the next few posts.

 

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Healthcare Expenses

Say for instance there is for a lump sum to pay in anticipated or unanticipated healthcare expenses. It is well known healthcare expenses pose a challenge for many Seniors.  As a Senior, you’ve hard your entire life. Upon retirement, though many of your expenses may lower, other expenses arise, such as health care costs. Why fret or worry? Safely tap the equity in your home, which you’ve worked hard to pay all your life, so that you may have that safety net to cushion you when unexpected costs arise.

You will not have to repay the monies taken for the reverse mortgage against your home until the time of your death. You will receive a lump sum payment from the reverse mortgage financing institution and neither you nor your heirs will be required to repay these monies until the time of your death.

Is this not something to allow you to breathe a sigh of relief?

Contact Mario Quintero of Strock and Tanner Loans, your Reverse Mortgage Specialist at 305-598-1600 for additional information along with a complementary consultation. He will explain all the benefits available to you with a reverse mortgage.

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In case you’re wondering, the current economic scenario does not bode well for an increase in interest rates.

Toward the end of 2015, Federal Reserve President Janet Yellen presided over the first rate increase since the Great Recession began.  Bank stocks, along with financials in general, rallied, in hopes interest rates would finally recover, leading to an environment where rates could be increased.

Since the new year, 2016, the exact opposite has instead taken place.  Financial stocks have plummeted, now that it’s clear rates cannot continue to rise due to a jittery economic outlook.

Stay tuned. Given it’s also an election year, rates are bound to stay right here where they are.  Of course, this helps housing.

I’m Mario Quintero, your Miami residential home mortgage specialist.  I deal in all types of mortgage loans, including reverse mortgages, jumbo, conventional, FHA and foreign national.

Call me today so I may help you secure the best interest for your new purchase or refinance.