Considerations Before Applying for a Home Mortgage Loan

This is one of the factors that could affect your chances of getting a mortgage.

Owning a home is part of the American Dream, and if it is located in Miami, Florida, it sounds even more attractive to any buyer. However, every dream has its share of reality and in the real estate market is represented by home mortgage loans for which in most cases you must apply before buying your property. Have you already considered all the financial elements to apply for one?

Applying for a home mortgage loan

Before you make an appointment with your mortgage lender and purchase a home, you need to consider certain factors that may facilitate or hinder the acquisition of a mortgage loan and affect your financial situation. What are these factors? Ace Florida Realty describes them below.

Consider your credit history

Today, a positive credit history is essential and very important, since it is a report of a person's entire credit history. This record shows the ability and responsibility of a person to account for payment of his debts; it contains information on the number and types of credit accounts, account antiquity, timely payments, amounts owed, credit inquiries and even bankruptcies.

This information is used by mortgage lenders or credit card companies to decide whether to extend a loan or not. It is also used to calculate the credit score discussed below and to define the terms of a loan; for example, lower or higher interest rates.

The idea is to keep a positive credit record, avoiding delinquent accounts, those with payments that are at least 30 days overdue; foreclosures; bankruptcies and irresponsible use of credit.

Consider your credit score

A credit score is a three-digit number that indicates how likely you are to repay your debts or credits. It is calculated by analyzing information provided by your credit history and considering the Fair Isaac Corporation (FICO) score range. The calculation of the score takes into account the payment history, total debt, length of credit history, new credit and types of credit.

And what number is favorable for getting a home mortgage loan? Below you will see the ranges provided by FICO and will obtain the answer:

Exceptional: 800 points and above.

Very good: 740 to 800 points.

Good: 670 to 740 points.

Fair: 580 to 670 points.

Poor: under 580 points.

The higher your score, the better the chance of getting a loan with better repayment terms. Does this mean that you can not get a loan with a low credit score? As indicated by Intercorp Mortgage Solution, a mortgage company located in Miami, with low scores you can get a loan; however, the payment terms including interest rates will be less favorable.

Consider your debt capacity

Another aspect to consider before you apply for a mortgage loan and acquire a house is your debt capacity. Generally speaking, debt capacity is the maximum amount of debt a person can assume and payback in a specific period without jeopardizing its financial integrity.

It is calculated by identifying a person’s monthly fixed income and fixed expenses, which may include rent, credit payments, food, transportation, education and even vacation expenses. When you calculate the total of fixed income and payments per month, the two amounts are subtracted, resulting in the total net income.

Finally, the net income is multiplied by 35% or 40% to calculate the amount of money you can use from that net income to pay off your future debt or, in other words, your debt capacity. This method tells any lender what your ability to repay monthly loan payments is.

All of the above elements are taken into account by any financial institution or mortgage lender to analyze if you are a right candidate for a loan. If you do not have a good credit history and your credit score is low, you should try to improve them to have a better chance of getting a home loan. Likewise, a high and stable income and low expenses ensure you a better opportunity to pay off your mortgage.

If you want to get the house of your dreams and enjoy a long life in that property, consider all the factors that can influence your acquisition. If you have any questions about the purchase process, please feel free to contact the Ace Florida Realty brokerage firm. Their team of qualified real estate agents will know how to guide you on the best way and get the property that meets your expectations and respects your budget.

Before you apply for a mortgage, take into account these considerations that Ace Florida Realty brings to you.

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Retos del mundo inmobiliario para agentes de bienes raíces

Uno de los retos que debe enfrentar un realtor es mantenerse al día en cuanto a zonas en crecimiento y costos de vivir en cada una. 

El mundo inmobiliario es un entorno cambiante lleno de oportunidades y beneficios, pero también de retos que todo realtor debe estar en la capacidad de manejar. El mundo y las sociedades cambian, así como sus necesidades, por lo que que todo experto en bienes raíces debe estar preparado para esos cambios y considerarlos como eje principal en el desarrollo de una carrera exitosa. ¿Por qué? Porque solo así logrará solventar todas las dudas de sus clientes y proporcionarles la casa que cumpla con sus expectativas y necesidades.

Retos del mundo inmobiliario para los realtors

¿Quieres saber cuáles son los mayores desafíos que debe superar un realtor? En términos generales, todos los retos en el mundo inmobiliario tienen que ver con el conocimiento y manejo de la información. Además de tener la capacidad de proveer información sobre los tipos de préstamos hipotecarios o cómo escoger un prestamista hipotecario, los agentes de bienes raíces deben tomar en cuenta otros aspectos que Ace Florida Realty explica a continuación.

Estar informado sobre el mercado

Unos de los mayores retos a los que un realtor se tiene que enfrentar es el cambio del mercado inmobiliario. En general, Miami ha tenido un gran crecimiento a nivel de bienes raíces, con un alza en los precios de las propiedades, pero sin sufrir estancamientos en las ventas. Detalles como estos deben ser ampliamente estudiados por los agentes para poder proveer el mejor servicio a sus clientes y lograr mejores ventas.

Características como tipo de vivienda con mayor adquisición, condominio, familiar o de lujo; y situación de los préstamos hipotecarios, deben ser tomadas en cuenta cuando se busca actualizar la información sobre el mercado inmobiliario.

Igualmente, es necesario entender el mercado desde el punto de vista del comprador. Quiénes son, cuál es su capacidad de pago y quiénes serán los futuros compradores. Hoy en día, los llamados millennials representan una gran fuerza laboral al igual que una atractiva oportunidad de venta, no se les debe subestimar.

Entender las necesidades de los compradores

El mercado cambia al igual que la economía, características y necesidades de los compradores. Entender este factor es fundamental para proporcionar el mejor servicio de compra y venta de propiedades. Cada comprador representa un tipo de familia distinto, una procedencia distinta y unas necesidades particulares. Saber identificar y evaluar bien esos aspectos asegura una mejor relación entre el realtor y el cliente y puede llevar a una compra o venta exitosa.

Al entender sus necesidades y también sus criterios de búsqueda, el agente de bienes raíces puede guiar con mayor eficacia a su cliente y lograr conseguir una casa que se ajuste a su presupuesto, situación y necesidades.

Conocer las zonas en crecimiento

Actualmente, las zonas más cotizadas de Miami siguen siendo Miami Beach, Coconut Grove, Brickell, entre otras. Sin embargo, en la Ciudad del Sol puedes encontrar otras áreas que podrían satisfacer todas tus necesidades y respetar tu presupuesto. En estos casos, el reto del realtor reside en estar al día con el crecimiento de las zonas de una región para evaluar las posibilidades y oportunidades que ellas ofrecen.

Se trata de evaluar sus infraestructuras, inversiones y desarrollo con el fin de conseguir un mayor entendimiento del mercado inmobiliario y ofrecer un listing de propiedades que puedan satisfacer a los futuros compradores.

El mundo inmobiliario está lleno de oportunidades y retos que todo buen realtor de saber aprovechar y superar. A pesar de los desafíos, los beneficios de ser agente de bienes raíces se presentan como una aventura única para todo el que quiera emprender una nueva carrera. Si consideras que este es un buen camino a seguir, conoce todos los pasos a seguir para ser realtor y sigue a Ace Florida Realty a través de sus redes para saber sobre sus cursos de entrenamiento.

Toda profesión tiene sus retos y el mercado de bienes raíces no es la excepción.

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Recruitment Ideas for Real Estate Brokers

Maintaining a good relationship with employees and demonstrating that their efforts matter will attract and keep agents in your company.

The advantage of starting a real estate career is the opportunity it gives you to grow. Realtors can go from being agents who work for a real estate broker to get their license to create their own brokerage firm. And once they have their agency, what is missing is to attract agents to work with them. But how can they do this efficiently? Ace Florida Realty gives them the answer.

Recruitment ideas for real estate brokers

The question is: how to attract and keep real estate agents rooted in your brokerage? Nowadays, certain elements must be taken into consideration, such as the fact that one of the greatest work forces you can find is the so-called millennials, and that the working culture of each agency can be different.

The idea is to show your future agents that you handle all the necessary tools and that your agency is unique among others. And how can you do that? Following Ace Florida Realty tips.

Offer training and updating courses

A good real estate broker must know how to differentiate himself from his competition, and one of the characteristics that can attract a new agent and keep him in the company is the possibility of receiving training and updating courses in certain areas. It is important for a brokerage firm to have training programs or systems that offer training in lead generation, customer service and sales strategy updates.

Use of social media and digital marketing

Nowadays, most people manage social networks, and the young people or millennials are often dependent on these applications as well as on Google search. A real estate broker must know how to make the most of this behavior to find and attract the best agents.

The first step is to find a team that can help you with social networking campaigns. Companies, such as 786.Marketing, rely on digital marketing and inbound marketing to create strategies that help you reach more people through the networks and get them to become potential clients or, in this case, possible employees.

You also need to optimize your website. It has to be adapted to the needs of today's day-to-day use of smartphones and tablets. You need to create a website with good content, design, and a mobile responsive platform. Likewise, a platform such as WordPress to create blogs is a great tool to position your agency in the Google search engine and create interesting content to attract clients and agents.

Offer a personalized treatment

This works both to recruit and to retain your agents. From the moment the candidate arrives at your agency, you have to take every opportunity to impress him and interact with him in the best way possible. In these cases, it is necessary to customize each interview to learn more about the agent’s tastes and hobbies and demonstrate the interest you have in him.

The idea is to take into account their interests to attract them through little gestures, such as sending a personalized present to candidates that we want to recruit or incorporate their interests and hobbies in the workplace.

Create your own working culture

When speaking of work culture or company culture, reference is made to the development of a sense of belonging and unity in the working environment. These are the features that make you different and make a realtor want to keep working, either permanently or as an independent contractor in your brokerage firm.

This is about creating a unique brokerage model that all employees are familiar with. The important thing is to highlight the characteristics of your agency; for example, if it is essential for you that there is a healthy working relationship in the workplace, you should focus on achieving it. Sending personalized messages to your agents to celebrate the closing of a purchase or specific accomplishments is a good way to encourage employee proximity and motivates them.

As you can see, attracting your future agents is not only about advertising but also about keeping up to date with new technologies, humanizing the working environment, taking into consideration the needs of future agents and being faithful to your company’s culture.

If you are thinking of starting a career as a real estate broker, and you still don’t know where to start, come to the offices of Ace Florida Realty. This brokerage firm has training courses for agents and realtors and a great working environment. Follow them through their social networks and learn more about their services and work culture.

Today there are several ways to attract real estate agents and recruit them to work for your agency.

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Zonas más costosas y más económicas para vivir en la ciudad de Miami

Una vez conozcas tu presupuesto, podrás escoger entre muchas propiedades en la ciudad de Miami.

¿Buscas ampliar tu horizontes y vivir nuevas experiencias? El lugar ideal para hacerlo es la ciudad de Miami. No importa cuál sea tu presupuesto, esta ciudad al sur de la Florida cuenta con numerosas zonas que pueden satisfacer tus necesidades y las de tu bolsillo. A pesar de las alzas en los precios de compra, esta región sigue estando en los primero lugares en cuanto al mercado de bienes raíces. ¿Crees estar preparado para iniciar una vida en Miami? Sigue leyendo y encuentra junto a Ace Florida Realty la zona ideal para ti.

Vivir en Miami: zonas más costosas y más económicas de la ciudad el sol

Uno de los aspectos más importantes que debes tener en cuenta es que los precios de la vivienda en cada área pueden variar de un año a otro. En el primer trimestre de 2017 los precios en algunas zonas costosas como Key biscayne y Surfside bajaron ligeramente. Sin embargo, vivir en estas áreas requiere de una buena posición económica.

Entre las zonas más costosas de la ciudad se encuentran las islas de Miami Beach (Fisher Island, Star Island, Hibiscus Island, Venetian Islands). En 2017 los precios de las propiedades en estas islas, condominios o casa unifamiliares, aumentaron más de 50%. Igualmente, otra de las zonas urbanas con una gran alza de precios es Coconut Grove, área en la que los precios de las casa unifamiliares subieron 25.6%.

Otras áreas de Miami en las que es necesario un alto presupuesto son Coral Gables, Brickell, Fort Lauderdale, Pinecrest y Upper Eastside en la península de Miami.

En cuanto a zonas más económicas en la ciudad de Miami, el downtown de Miami se posicionó en 2017 como una de las áreas más asequibles con un precio de venta mediano de $189,375 para los condominios. Otros barrios en lo que se pueden encontrar casas y rentas a un menor precio, dependiendo del tipo de propiedad y presupuesto, son Wynwood, Edgewater, Little Haiti, Gladeview y Brownsville.

¿No has decidido aún en cuál zona de Miami te gustaría vivir? ¡Consulta con Ace Florida Realty! Esta agencia inmobiliaria cuenta con realtors expertos que te ayudarán a encontrar tu casa ideal, en la zona ideal. Si quieres iniciar la búsqueda de tu nueva casa, síguelos a través de sus redes sociales y analiza todas propiedades que ellos tiene para ofrecer.

Fuente: Las zonas más caras y más baratas para vivir en el sur de la Florida - El Nuevo Herald

Una vez tengas todo listo, conoce la variedad de inmuebles en la ciudad de Miami.

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Best Houses for Sale in Florida for the Whole Family

ACE Florida Realty has the perfect locations in Florida for your dream house!

Who wouldn’t want to live in a paradise full of good weather, beautiful beaches, great life quality and great economy? This and more is what the city of Miami has to offer. Buying a home in Florida can be a long process if you don't know where to look and that is why Ace Florida Realty brings you the best home options for you and your family.

Buying a house in Miami, Florida

When thinking about buying a home in Florida, the first thing to consider is what might be best for you and your family. The Sunshine City offers you all the comforts and benefits of any American city and all the fun of the most popular holiday spots in the country.  Miami is definitely the perfect place to build a home and spend quality time with family and friends.

Thinking about you and your interests, the brokerage firm Ace Florida Realty brings you a list of properties that can meet yours and your family’s needs. Read on and discover the benefits of living in Florida.

House for sale in Miami-Dade

Miami-Dade County offers countless benefits, including beautiful tourist attractions, excellent schools, fully urbanized areas, exotic parks and shopping areas. If you want to belong to one of the largest and most inhabited counties in the United States, you can choose to acquire the property located at 1911 25th Ave, Miami, FL 33125.

This single family property is a comfortable and spacious house with 2,497 square feet. It has 4 bedrooms and 3 full bathrooms, living and dining room, kitchen, large family room, driveway for several vehicles and a gate. In addition, this house has great potential, as it allows you to have an additional income with one bedroom and one bathroom apartment with a separate entrance also located on the property.

House for sale in Doral

Doral is one of Miami-Dade County's most recognized municipalities. It is the best area in Florida for business start-ups and has numerous cultural activities, recreational parks, and residential and commercial areas. One of the best properties you can find in Doral for you and your family is located in the Veranda residential complex, at 5250 109th Ave, Doral, FL 33178.

This 1,380 sq. Ft. Townhouse has two floors with 3 bedrooms, 2.5 bathrooms, patio, washer and dryer, and a large living and dining room. Its great location allows you and your family to quickly reach shopping centers, such as the Dolphin Mall, and the downtown Doral.

House for sale in Homestead

Homestead is a suburb also located in the Miami-Dade County. It is a very quiet residential area, ideal for raising your children in a safe environment. It also has several tourist attractions such as the  Biscayne National Park, Everglades Alligator Farm, and Homestead-Miami Speedway.

This property was built in 2015 and has 1,671 square feet where you can find a large backyard and a 10 x 22 Tiki Hut perfect for Sunday brunch or relaxing with family and friends. The house has 3 bedrooms, 2 bathrooms, paved driveway, stainless steel appliances, granite countertops, modern kitchen, washer and dryer, large windows and doors, frameless glass shower door and a large living room.

These three options easily meet the needs of any family member. Just choose the one you like best, a mortgage lender and buy your home in Florida.

If you want to know more about these and other incredible properties in Miami, don't hesitate to contact Ace Florida Realty’s real estate agents, or follow them through their social networks and fulfill your dream of living in South Florida.

Meta description: Are you planning to buy a house in Miami for the whole family? Evaluate these three options Ace Florida Realty has for you!

Florida's amazing home locations and vacation spots got you covered!

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