6908 SW 104th Ct

$25,000 Seller Credit – Use Toward Rate Buydown or Closing Costs!Investor Special – Renovation Opportunity in Sunset/KendallA Rare Opportunity in One of Miami’s Most Desirable NeighborhoodsWelcome to Pueblo del Sol, a well-established community nestled in the heart of Sunset/Kendall—one of Miami’s most sought-after areas. This 3-bedroom, 2-bath single-family home offers endless potential for renovation and customization, making it the perfect value-add project for investors or homeowners ready to create their dream space.Take advantage of a limited-time $25,000 seller credit to buy down your interest rate or cover closing costs, helping you save money and boost your return on investment from day one.Spacious Layout with Room to TransformFeaturing 3 bedrooms and 2 full bathrooms, this home includes:Large family and living rooms, perfect for entertaining and everyday livingExpansive kitchen area, ready for your custom upgradesDurable tile flooring throughoutFenced backyard, offering privacy and potential for outdoor living or expansionCommunity Amenities & Prime LocationLocated in the well-maintained Pueblo del Sol community, you’ll enjoy:Tennis courts and a community pool for an active lifestyleLow HOA fees that keep your monthly costs manageableConvenient access to top-rated schools, shopping, and diningJust minutes from major highways, making commuting easy and efficientEndless Potential with Built-In ValueWhether you’re looking to flip, rent, or renovate into your forever home, this is your chance to turn a diamond in the rough into a profitable project. The combination of location, layout, and seller incentives makes this a rare find in today’s market.Don’t miss out on this Sunset/Kendall opportunity—schedule your tour today!

9431 SW 4 Street #405

Beautiful, remodeled condo in the Versailles community! Porcelain floors throughout and fresh white walls, combined with large amounts of natural light, make this unit a pleasure to live in. It is located in a prime location in Miami, near FIU, popular dining and shopping spots, and major expressways.Financing Incentives of $10,000 With a Full Price OfferWith a full-price offer, the seller will contribute $10,000 to assist with closing costs or to cover a rate buy-down. For further information regarding this special financing offer, please view the embedded video titled " financing options " on this page.

Market Update: March 05, 2024

Market Update: March 05, 2024Inflation data comes in as expected, new home sales rise and home values continue to move higher. In this week's market update, we will provide a market wrap of what took place last week, important data we expect this week, and the current rate range for Conventional, FHA, and VA loans. Thanks,Michael OrtizThe Mortgage HUB

2 min Tuesday: Special Rate Alert | Help Your Clients Save Big Now!

Realtors and lenders are swimming against the current in this market. The media still holds control of buyer perception. In 2023, we had to battle the headlines of a looming market crash and declining prices, which proved untrue, and in 2024, we are battling the headlines of Fed rate cuts in the second half of 2024.Buyers are under the misconception that waiting to buy is the smart thing to do, but as professionals, we know that waiting for lower rates is a double-edged blade. It will drive up buyer demand, competition, and prices and cause buyers to pay the above-appraised value to win their offer.In the video above, I will illustrate how our graduated payment program will help get buyers waiting for lower rates off the fence and into the market now while they can still get a better price on the home than when rates drop.Market Update: March 05, 2024Please make sure to see this week's market update video below ⬇ or to the right ➡ of this presentation, depending on your device.Thanks,Michael OrtizThe Mortgage HUB

Market Update: February 27th, 2024

Market Update: February 27th, 2024With mixed inflation and employment data, interest rates have increased to their highest level in 2024. In this week's market update, we will discuss the state of the market and the important data that we should look out for later this week. Thanks,Michael OrtizThe Mortgage HUB

2 min Tuesday: 3 Major Condo Issues We Must Navigate In 2024

As property prices continue to rise in South Florida, more first-time home buyers will be looking to purchase condos with a low down payment. In this week's 2-minute Tuesday, we will cover the three major challenges we are experiencing in the South Florida condo market and the currently available solutions.Inadequate ReservesA lack of projects collecting at least 10% of reserves or their assessment income in the annual budget remains the most popular reason condos are not eligible for a low down payment. However, I have heard of some legislation in place at the beginning of 2025 that will require all condo projects in Florida to collect at least 10% in reserves.Currently, 50% - 60% of condo projects do not collect the minimum 10% reserves required by Fannie Mae, Freddie Mac, FHA, and VA to make a project eligible for approval.When purchasing a primary residence, the minimum down payment required is 10% of the purchase price when a buyer has at least a 680 credit and a debt-to-income ratio of 45% or less.Second homes and investment properties require a minimum down payment of 25% - 30% when a project does not qualify for the full review process.This is specific to Conventional loans.Assessments For Major RepairsSince the collapse of the Surfside building in 2021, legislation has been passed to ensure that HOAs meet the requirements to maintain a project's structural integrity. This legislation has obligated many projects to do major repairs to pass milestone inspections required by law.Assessments for major repairs are the most common reason a condominium may be deemed non-warrantable.Major repairs are considered anything related to the project's concrete, rebar, structural integrity, or safety.This can disqualify the project from Conventional financing altogether, leaving only Non-QM financing as a viable option.More than 5% Deductible In Master InsuranceThis is now a new obstacle we have seen rise quickly in popularity, and it is probably tied to the obstacle mentioned above. South Florida faces a huge issue with condo project insurance, and a deductible of 5% is becoming unaffordable for many projects.Disqualifies the project from Conventional financing altogether, leaving only Non-QM financing as a viable option.This is caused by the rise in condo project policy premiums when opting for a low deductible, leaving some projects no option but to increase the deductible to 7% - 10%.The issue is often discovered mid-way through the transaction when the condo questionnaire and master insurance policies are released to the lender.We have extensive experience working with condos, and we're happy to assist you and your buyer in navigating the biggest obstacles in condo financing that our market presents.Market Update: February 27, 2024Make sure to see our market update video below or don't the right of this presentation, depending on the device you're using to view it. Thanks,Michael OrtizThe Mortgage HUB