Florida Reverse Mortgage

Florida Reverse Mortgage

 

The Florida Reverse Mortgage

 

The Florida reverse mortgage is the answer to senior citizens’ financial needs.

How a Florida Reverse Mortgage Works

What exactly is a Florida Reverse Mortgage and why it is beneficial to seniors?

The Florida reverse mortgage program is available to home owners who are 62 years and older.  Consequently, this mortgage makes it possible to convert a part of the equity of the senior’s home into tax-free cash flow. This program was offered so that seniors have the opportunity to tap their home equity without needing to sell their homes or refinance, hence, getting a new mortgage.

Because of its benefits, rather than making regular monthly payments to a loan provider,  such as a mortgage company, the Florida reverse mortgage pays the senior homeowner.  Regardless of this, you must still pay your home’s real estate taxes and insurance.

Strock & Tanner Mortgage Will Help you

STC Loans is a well known company based in Miami, Florida, offering the Florida reverse mortgage to senior citizens within the entire state.

How do we help you?  STC Loans takes pride in having developed a reputation for being the Florida mortgage company which takes care of its clients as we work for you, our customer.  Because of this,  seniors achieve the best quality of life throughout their years of retirement.  Strock & Tanner Mortgage is one of the leaders in the Florida reverse mortgage market.

Through a team of the knowledgeable and experienced advisors in the Florida reverse mortgage market, we have the ability to simplify the process, as we close most reverse mortgages in not more than a month.

Get in Touch with Us

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.

 

Florida Reverse Mortgage

Florida Reverse Mortgage

 

Who Qualifies for a Florida Reverse Mortgage?

A Florida reverse mortgage is a unique financial instrument designed to benefit property owners age 62 and older. Though we help individuals with all types of loans, Miami-based Strock & Tanner Mortgage specializes in a Florida Reverse Mortgage.  Typical clients for a Florida reverse mortgage are senior citizens who are searching for a method to tap their home’s equity without being required to repay the loan while they still live and reside in their home.

 

How does a Florida reverse mortgage work?

A reverse mortgage pays you by returning you the equity in your home. You do not have to repay the proceeds until death. So, you may live in the home comfortably without making mortgage payments. You are still responsible for insurance and taxes. Many Florida seniors are you using a Florida reverse mortgage today in order to offset their retirement. This tool allows for the optimum quantity of flexibility to resolve your specific financial requirements and needs.

Say, for instance, you need to pay healthcare expenses or any other regular payments to help subsidize your monthly income and earnings. Unlike standard and traditional home equity loans, you do not have to repay a Florida reverse mortgage until you die.  You must continue living in this house, however.

The accumulated interest plus any money the loan provider has actually paid you becomes due and must be paid accordingly. If you would like to know more about our services, please visit our company website or contact us in this link: http://stcloans.com/MessageUs.php.

Interested in learning more about a Florida reverse mortgage? I’m Mario Quintero, your mortgage & realtor for life. Let me be your 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. Contact me today at 305-598-1600.

 

 

 

 

 

Screen Shot 2016-07-20 at 9.29.26 PM

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.

Screen Shot 2016-08-05 at 12.04.32 PM

Reverse mortgages are used today as a financial vehicle for many seniors in retirement. In the past, this was frowned upon, as a reverse mortgages was considered an insecure, unstable financial instrument. Today, however, this instrument has become very popular to helping seniors be more comfortable financially in retirement.

Many options are available with reverse mortgages today. There is the traditional reverse mortgage, where seniors may use the equity built in their homes as a vehicle to finance their retirement. There’s the HECM Reverse Mortgage, which is a vehicle used where seniors are allowed to take the equity in their homes and purchase another property with the proceeds.   In other words, it’s a reverse mortgage for purchase. There’s a jumbo reverse mortgage where your property is above the $417,000 conventional level, classifying as a traditional jumbo property.

All above-mentioned vehicles, are strategic tools seniors may use in retirement in order to be able to finance their retirement. No risk is attached to a reverse mortgage. A retired individual, and their spouse, may live comfortably in their home while accessing the equity in their homes while in retirement.

Regardless of which type of reverse mortgage is chosen, certain conditions remain the same with which the retiree has to comply. Among these, of primary importance is that the retiree applicant be 62 years of age.

If you are interested in a reverse mortgage for yourself or your elderly parent, have a look at our online brochure here, where you can learn more about the facts surrounding reverse mortgages.

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.

Screen Shot 2016-06-17 at 8.41.21 AM

 

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.

 

 

 

Screen Shot 2016-07-20 at 9.29.26 PM

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.

Screen Shot 2016-06-17 at 8.41.21 AM

Foreign Buyers Continue to Flock to South Florida…

According to a recent article by Diana Olick of CNBC news, “As for U.S. destinations, five states accounted for half of foreign buyer purchases: Florida, (22 percent), California (15 percent), Texas (10 percent), Arizona and New York (each at 4 percent).”

Though real estate seems to have slowed in some markets, Florida continues to be a very popular market for both domestic and foreign buyers willing to park their money in “safer” investments. The fact remains, Florida is a “paradise” of sorts. Thousands flock here from throughout the world due to our warmer climates, proximity to amazing world-class beaches, a no-tax state, along with Miami being the long-time gateway to Latin America, soon becoming the same for Western Europe.

Florida is the place to be.

Are you a foreign buyer thinking of purchasing real estate in Florida?

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.

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.

Screen Shot 2016-04-11 at 9.56.10 PM

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.

Screen Shot 2016-04-11 at 9.56.10 PM

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.

 

Screen Shot 2016-02-29 at 9.52.02 AM

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.

Screen Shot 2016-02-29 at 9.54.09 AM