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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.

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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.

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Interest rates reach all-time lows…

As we learned with the Brexit vote of a week ago, global events have a huge impact on domestic events here at home, including interest rates. In this case, the Brexit vote for the United Kingdom to leave the European Union has caused US interest rates to reach an all-time low.

Not only did the Dow Jones Industrial Average and other indices drop dramatically for several days in a row, all the financial commotion overseas really has created the perfect opportunity to take advantage of not only lower stock prices, but to purchase or refinance your home.

Opportunities like this do not come by often. Time after time again, after financial turmoil over the decades, the best opportunities arise in moments of fear. Why not let someone else’s fear become your financial opportunity? Those who have taken advantage of such opportunities in the past, have benefitted from great growth and rewards going forward in to the future.

Want to take advantage of a real estate opportunity here in South 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 Fed decided to keep interest rates low this week. While the economy has improved, the two most recent job reports indicate somewhat of a stagnation in growth. So, rather than “rocking the boat”, so to speak, Fed Chief Janet Yellen, along with the other Fed governors voted to maintain rates as is.

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Clearly, this is a great move for the real estate market nationwide, but even more so here in South Florida, where “Paradise”, as many like to refer to Miami and its surrounding communities, continue to welcome tourists, visitors, businesses and new residents almost daily.

Already the hub for business activity to Latin America, Miami is poised to become the same for the European Community. Many continue to seek the strength and safety of the USA. Miami is a natural fit for so many reasons.

How about you? Are you considering making Miami your home for a new location? Are you looking for a Miami realtor who can also help you obtain financing for your home or commercial space?

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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May 10th, 2016 | by Alana StramowskiPublished inNews, Retirement, Reverse Mortgage | 3 Comments

As people age and strive to stay in their homes for as long as possible, in-home care becomes a common option, but four out of five adults underestimate the costs of home health care and prices are on the rise, according to the Genworth 2016 Cost of Care Survey.

The median annual cost of homemaker services is up 2.56% from 2015 and now sits at $45,760. The median cost of home health aide services increased by 1.25% since 2015 and is now $46,332 annually.

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Over the past five years, costs have risen 11.1% for homemaker services and 6.6% for health aides, the study says.

“Although the high cost of long-term care in America is considered the ‘new normal,’ it does not change the reality of what is certainly one of the biggest societal issues of our time – that at least 70 percent of Americans over age 65 will need some form of long-term care services and support during their lives,” said Tom McInerney, president and CEO at Genworth.

Despite home health care being the most popular care option, nearly one-third of Americans incorrectly believe that the costs of these services is under $417 per month. In reality, the national median for an in-home aide is $3,861 and $3,813 for homemaker care.

The average American underestimates the cost of in-home care by almost 50%, according to a complementary Genworth online caregiving study.

People who are more affected by long-term care events are shown to more likely underestimate the cost of care. Those people include women (who are statistically more likely to enter caregiving roles), single adults (who may be reliant on themselves for care) and younger adults (who are more likely to deal with a parent who is in need of care).

“The data from our complementary study dramatically demonstrated the huge disparity between what consumers think costs are and what they actually are, which is why it’s so important for families to educate themselves about the costs and plan ahead for how they will pay for those costs before it’s too late,” said McInerney.

The national median cost of care rose among all care settings this year, except adult day care, which fell 1.25%, according to the Genworth analysis. Meanwhile, the cost of a private room in a nursing home went up to $7,698 per month, which is an increase of 1.24% from 2015 and the cost of assisted living also increased to $3,628 per month, which is up 0.8% from 2015.

To view the breakdown for each state, see the full results in this interactive map.

Written by Alana Stramowski

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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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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Though we help individuals with all types of loans, Miami-based Strock & Tanner Mortgage specializes in reverse mortgages. A reverse mortgage is a unique financial instrument designed to benefit property owners age 62 and older. It pays YOU back. These senior citizens are those 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 homes.

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With  STC Loans, you may easily obtain and borrow against the value of your house. The proceeds do not have to be repaid until death. So, the beneficiary lives in the home comfortably without making mortgage payments. Insurance and taxes must still be maintained. Know that many seniors are you using a reverse mortgage in Miami today in order to offset their retirement. This tool allows for the optimum quantity of flexibility to resolve your specific financial requirements and needs.

Call Mario Quintero at 305-598-1600 TODAY and learn your options for your Miami reverse mortgage.  Mario is licensed to help you with all your mortgage needs in the entire state of Florida, from Key West to the Panhandle. Let Mario Quintero be your Florida mortgage specialist.