April 2014

April 15, 2014

The Importance of Working with an Experienced Realtor like Oscar Arellano

Purchasing a home can be a huge milestone and its important to know and feel confident that your Realtor is experienced. Having an experienced and educated Realtor can help ensure a seamless purchase. Importance of knowing Market Trends, Researching, and Advertising One of the main reasons an experienced Realtor can help expedite your experience of buying or selling a home is through their knowledge of the market. Knowing the current market trends allow me to make educated decisions when it comes to finding a home that meets your needs, budget, and location. Also, it helps on the selling side by […]
April 15, 2014

Why Can’t I Qualify For A Mortgage?

You pay your bills on time but you still can’t qualify for a mortgage? Why? You’re ready to move from renting to owning a home. Problem is, mortgage lenders won’t approve you for the mortgage financing you need to purchase your home. And you can’t figure out why. You pay your bills on time every month. You’ve never declared bankruptcy or foreclosure. Yet something is harming your credit and scaring away mortgage lenders. The truth is, there are plenty of financial issues outside of missed payments, late payments and bankruptcies that can lower your three-digit credit score and force lenders to […]
April 14, 2014

Another Oscar Arellano Rental: 33 Fonseca Avenue. Best Priced Rental Home in Coral Gables!

Oscar Arellano’s most recent Coral Gables rental listing is 33 Fonseca Street. This 3 bedroom, 1 bathroom home in North Coral Gables is located just one block off of Ponce De Leon Blvd, allowing you to be close to everything including access to the Coral Gables Trolley, Downtown Miami, expressways, and more. Miracle Mile is within minutes. The home has wood floors throughout and is on a 7,500 sq. ft. lot, allowing for lots of yard space. Details of 33 Fonseca Avenue: Bedrooms: 3 Bathrooms: 1 Living Space Sq. Ft.: 966 Lot Size: 7,500 sq. ft. Listed at $1,900 per […]
April 11, 2014

Coral Gables Waterway Information

In Coral Gables and other cities alike, waterfront property has much higher value, particularly properties with dock space or access to open water. The main waterway in Coral Gables, the Gables Waterway, runs parallel to Riviera Drive and perpendicular to US 1; “upstream” it goes farther into the Gables, and “downstream” travels seaward until it empties into the Bay. Throughout the waterway there are several bridges at varying heights and widths allowing vessels from 20 feet to 40 feet to clear through. The bridges clearance range from 7′ to 21′. Here is a list of bridges in the Gables Waterway. Bridge […]
April 11, 2014

How to Prevent Last Minute Issues When Closing Your Mortgage

Finalizing a deal and closing your mortgage can come with plenty of obstacles, especially if it’s your first time. In some cases, major setbacks can arise that result in delays and unnecessary stress. However, understanding common complications and preparing yourself ahead of time should make your closing go through without a hitch. Go Over Paperwork There are several documents involved in this process including a mortgage note, deed of trust, homeowner’s insurance policy, etc. To save time, you should double and even triple check all pertinent documents to ensure that they have been prepared correctly. Check the personal information and home address […]
April 10, 2014

Oscar Arellano’s New Coral Gables Listing. 1216 Milan Ave. Listed for Rent

Oscar Arellano’s newest listing is the fantastic home for rent in Coral Gables. This 3 bedroom, 2 bathroom home is completely updated with wood floors, granite counter tops, and stainless steel appliances. The home is in wonderful condition and has a great pool out back. Included in the monthly rent is pool maintenance, yard maintenance, and extermination every three months. It is currently tenant occupied (no interior photos at this time) but will be available June 1st, 2014. Details of 1216 Milan Ave., Bedrooms: 3 Bathrooms: 2 Living Space: 1,586 Sq. Ft. Lot Size: 5,250 Listed for $3,500 per month […]
April 9, 2014

Mortgage Rates Stay Steady and Apps Decline

Freddie Mac and the Mortgage Bankers Association released reports this week giving insight on the current mortgage market. While applications have declined about 2% over the past week, the rates themselves have hardly moved at all. Potential homeowners can appreciate the stagnant rates for the time being because the slack in the job market warrants continued Fed help to keep rates low. “Mortgage rates were little changed amid a week of light economic reports. Of the few releases, real GDP was revised up slightly to 2.6 percent growth in the fourth quarter of 2013. The private sector added an estimated […]
April 9, 2014

New Listing By Oscar Arellano: Residential Income Townhomes located at 3191 Ohio St., Coconut Grove

This unique & wonderful property in the heart of Coconut Grove offers two vacant townhouses to be sold together as one. There are two attached townhomes, each with their own one car garage, individual driveway, and fenced side yard. This is a great investment opportunity. Located on the corner of Ohio Street and Day Avenue, the property was built in 2007. Each of the townhomes are two stories, with the bedrooms and two bathrooms on the second floor. The first story has the living area, updated kitchen, and half bath. Other features of the townhomes include marble floors and bathrooms, […]
April 8, 2014

Let’s Bust 3 Common Home Buying Myths

If you are a first-time home buyer, friends and family members may be quick to give advice about the home-purchasing process. As a result, there could be several home buying myths that may have found refuge in the back of your mind. Unfortunately, that friendly advice can help perpetuate some of the most common home-buying myths — especially when it comes to credit. Home-buying credit myths Myth #1: You need perfect credit to purchase a home. Fact: It is true that an individual’s credit score has an impact on the mortgage loan approval process and ultimately the resulting interest rate. However, perfect credit is […]