By Laura Moreno
4.7
8282 ratings
The podcast currently has 333 episodes available.
Mary Cates is a Realtor that found her happy place in the Piedmont Triad area of North Carolina. Mary where she helps resale clients, out-of-state clients and first time homebuyers. She enjoys helping clients navigate the real estate process and ultimately finding the home of their desire. In her spare time, Mary enjoys tennis and spending time with family.
➡️ Manhattan/Brooklyn Real Estate Agent Services:⭐ YouTube: https://www.youtube.com/@iamlauramoreno ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno
➡️ Hire Me⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - [email protected] ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/
➡️ Contact LauraI'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at [email protected]. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone.
➡️ DisclaimerLaura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
The Truth About SONYMA Down Payment Assistance Program with Christine Perlow
Christine Perlow is a Sr. Loan Officer at Nationwide Mortgage Bankers. She has been in the mortgage industry for over 30 years and she is most passionate about helping her First Time Buyers. She has been in the SONYMA Hall of Fame for the past 10 years and always in the top 5! She is the mom to twin boys who are 18 years old graduating from High School and heading off to college! Christine and her husband are enjoying this special time.
➡️ Brooklyn Agent Services:⭐ YouTube: https://www.youtube.com/@iamlauramoreno1 ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno
➡️ Hire Me⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - [email protected] ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/
➡️ Contact LauraI'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at [email protected]. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone.
➡️ DisclaimerLaura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
David Epstein is the Vice President of First Securities Home Mortgage, and independent mortgage broker in Royal Oak, Michigan. He has been in the mortgage industry since 1993 and he focuses on giving the best customer service, follow up and attention to detail because he believes this is essential when working on mortgages. He has 4 kids and a wife and in his free time he likes golfing and being outdoors.
David Epstein - Home Buying ResourcesNavigating the world of home buying can be overwhelming, especially for first-time buyers. That's why we've compiled a list of valuable resources to guide you through the process seamlessly.
➡️ Referrals:⭐ YouTube: https://www.youtube.com/@iamlauramoreno1 ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno
➡️ Hire Me⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - [email protected] ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/
➡️ Contact LauraI'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at [email protected]. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone.
➡️ DisclaimerLaura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
Paul Abraham AKA BetterCallPaul is a mortgage lender and owner of LocalLender that has been in the mortgage business for 30 years. The first 10 years he was a loan officer and now he has become a loan officer trainer. He now runs a Facebook group with over 41k loan officers when he helps them to grow their business.
Home Buying ResourcesNavigating the world of home buying can be overwhelming, especially for first-time buyers. That's why we've compiled a list of valuable resources to guide you through the process seamlessly.
➡️ Referrals:⭐ YouTube: https://www.youtube.com/@iamlauramoreno1 ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno
➡️ Hire Me⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - [email protected] ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/
➡️ Contact LauraI'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at [email protected]. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone.
➡️ DisclaimerLaura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
Rodolfo Delgado is a real estate startup founder based in New York and CEO of Replay Listings and Forbes contributor. He also bought his first home overseas and he is coming to share his experience and what he learned in the process. When he is not working he loves swimming and boxing.
Home Buying ResourcesNavigating the world of home buying can be overwhelming, especially for first-time buyers. That's why we've compiled a list of valuable resources to guide you through the process seamlessly.
➡️ Referrals:⭐ YouTube: https://www.youtube.com/@iamlauramoreno1 ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno
➡️ Hire Me⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - [email protected] ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/
➡️ Contact LauraI'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at [email protected]. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone.
➡️ DisclaimerLaura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
In July 2024, significant changes are set to reshape how buyer's agents are compensated in real estate transactions. These changes have far-reaching implications for members of the real estate industry, as well as for home buyers and sellers. Let's delve into what these changes mean for all parties involved.
These are the 3 ways you can compensate buyer's agents starting July 2024:
1. Fixed-Fee Commission Paid Directly by ConsumersIn this model, buyers pay a predetermined fixed fee directly to their agent for their services. Unlike traditional commission-based structures, where the agent's compensation is a percentage of the sale price, this approach offers more transparency and predictability for both buyers and sellers. Buyers know exactly how much they will pay their agent, regardless of the final sale price of the property. This can be particularly appealing for buyers who prefer a straightforward fee structure and want to avoid potential conflicts of interest that may arise from commission-based compensation.
2. Concession from the SellerAnother method of compensating buyer's agents is through concessions from the seller. In this scenario, the seller agrees to cover some or all of the buyer's agent's fees as part of the overall transaction. This can be negotiated as part of the purchase agreement and is typically based on a percentage of the sale price. For buyers, this can be an attractive option as it reduces their out-of-pocket expenses for agent fees. Sellers may also benefit from offering a concession to attract more buyers and expedite the sale process. However, it's essential to consider how this concession may impact the negotiation dynamics between buyers and sellers.
3. Portion of the Listing Broker's CompensationIn some cases, buyer's agents may receive a portion of the commission paid to the listing broker. This arrangement often involves the listing broker sharing a percentage of their commission with the buyer's agent as a cooperative compensation agreement. While this method is common in traditional real estate transactions, its prevalence may diminish with the new regulations limiting MLS communication of compensation offers. Nonetheless, it remains a viable option for compensating buyer's agents and can provide an incentive for agents to collaborate and facilitate successful transactions.
These three methods offer distinct approaches to compensating buyer's agents and reflect the evolving landscape of real estate transactions. As the industry adapts to new regulations and consumer preferences, agents and clients alike must carefully consider which compensation model aligns best with their needs and goals.
Home Buying ResourcesNavigating the world of home buying can be overwhelming, especially for first-time buyers. That's why we've compiled a list of valuable resources to guide you through the process seamlessly.
➡️ Referrals:⭐ YouTube: https://www.youtube.com/@iamlauramoreno1 ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno
➡️ Hire Me⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - [email protected] ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/
➡️ Contact LauraI'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at [email protected]. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone.
➡️ DisclaimerLaura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
Nick Mullen is a real estate agent in Northern Virginia. He believes real estate is a great wealth building tool, and it’s available to everybody. Recently, he’s been working with buyers to acquire lots to build their dream homes. When he’s not working he enjoys the company of family, playing music with his friends, and tending to his houseplants.
Home Buying ResourcesNavigating the world of home buying can be overwhelming, especially for first-time buyers. That's why we've compiled a list of valuable resources to guide you through the process seamlessly.
➡️ Referrals:⭐ YouTube: https://www.youtube.com/@iamlauramoreno1 ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno
➡️ Hire Me⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - [email protected] ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/
➡️ Contact LauraI'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at [email protected]. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone.
➡️ DisclaimerLaura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
Annika Lynn is a Certified Mortgage Advisor based in South Carolina, with licenses spanning 14 additional states. She specializes in helping first-time home buyers and facilitating VA loans. Annika thrives on guiding clients toward building wealth through real estate and to getting them smoothly to the finish line and into their new home.
Annika Lynn - SummaryHome Buying Resources
Navigating the world of home buying can be overwhelming, especially for first-time buyers. That's why we've compiled a list of valuable resources to guide you through the process seamlessly.
➡️ Referrals:⭐ YouTube: https://www.youtube.com/@iamlauramoreno1 ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno
➡️ Hire Me⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - [email protected] ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/
➡️ Contact LauraI'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at [email protected]. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone.
➡️ DisclaimerLaura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
Donovan Reyes is a real estate agent in Las Vegas. He sells over 100 homes a year to first time homebuyers, investors, professional athletes, and sellers. When he is not selling real estate, he is hanging out with his wife and 4 dogs.
Home Buying Resources
Navigating the world of home buying can be overwhelming, especially for first-time buyers. That's why we've compiled a list of valuable resources to guide you through the process seamlessly.
➡️ Referrals:⭐ YouTube: https://www.youtube.com/@iamlauramoreno1 ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno
➡️ Hire Me⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - [email protected] ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/
➡️ Contact LauraI'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at [email protected]. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone.
➡️ DisclaimerLaura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
Michael Lorino is the founder and CEO of AssumeList, a site where you can see Assumable Mortgages. A military veteran with over 15 years of real estate experience, Michael recognized the coming affordability crisis with rising interest rates and wondered how homebuyers could more easily find homes for sale with assumable loans. As he researched, he realized that no search tool existed, so he created AssumeList with the goal of making homes with assumable loans more accessible. Michael lives with his family in Alexandria, VA and enjoys spending time with his wife of 17 years and two young children.
Meeting Notes Veteran's Real Estate Journey and Challenges Michael Lorino, a recently retired military veteran and real estate agent with over 15 years of experience, shared his journey into the real estate business and his passion for helping families buy and sell homes. He explained that he and his wife divide their work roles, with Michael Lorino focusing on buyer transactions and his wife handling listings. They also discussed the challenges of managing their business and family life, especially during the busy spring market. Michael Lorino shared that their children sometimes accompany them to clients and participate in home showings, and that his mother helps with childcare when needed. Michael Lorino also highlighted the impact of rising interest rates on the mortgage industry, noting that current rates are around 6.5% to 7%, a significant increase from a few years ago. Assumable Mortgages: Benefits and Legality Michael Lorino and Laura discussed the concept of assumable mortgages, where a buyer can take over a seller's existing mortgage terms, including the interest rate. Michael Lorino explained this could be beneficial for buyers, as they could avoid taking out a new mortgage and save money on closing costs as they wouldn't need an appraisal or a new lender's title insurance policy. Laura highlighted that this could be especially useful for those buying homes with low, assumable mortgages. Michael Lorino confirmed that such mortgages are legal and are typically government-guaranteed. He further clarified that VA, FHA, and USDA loans are all assumable. Assumable Mortgages: Benefits and Challenges Michael Lorino discussed the potential benefits of assuming a mortgage on a new home, using a specific example of a military couple who were able to save significantly by assuming a loan with a lower interest rate. Michael Lorino emphasized that while this option can be beneficial, it may not be suitable for everyone. Laura expressed interest in how to find properties with assumable loans and whether she needed to be a VA veteran to qualify. Michael Lorino explained that only a small percentage of homes for sale have assumable mortgages, and they are typically government-backed loans. He also introduced a new search platform to help potential buyers find these types of properties. Mortgage Down Payment Requirements Discussed Michael Lorino explained the down payment requirements for mortgages, noting that it varies from property to property based on the current loan balances and the sales price. He illustrated this with an example of a $500,000 home where the existing owner's loan balance was $400,000, requiring a down payment of $100,000. However, he also highlighted that the length of time the previous owner had owned the property and the initial down payment they made could affect the feasibility of assuming the mortgage. Laura agreed, emphasizing the need to pay attention to the loan balance and sales price. Michael Lorino further explained that while some lenders offer a second mortgage option to cover the difference, it's not very common and buyers typically need to come up with at least 5% of the sales price as a down payment. Assumable Mortgages: Awareness and Challenges Laura and Michael Lorino discussed the lack of awareness about assumable mortgages, a financing option that allows buyers to take over the existing mortgage of a home they wish to purchase. Michael Lorino explained that while assumable mortgages are gaining traction, particularly in areas with high concentrations of military personnel, they are not yet widely known or advertised. He also pointed out that existing lenders, who profit from issuing new loans, are not incentivized to support assumable mortgages. Laura expressed a desire to learn more about Michael Lorino's platform and how it operates. Assumable Loans in Real Estate Transactions Michael Lorino and Laura discussed the process and potential advantages of assumable loans in real estate transactions. Michael Lorino explained that although assumable loans can take longer to process, the VA has issued new guidance directing lenders to process them within 45 days. He suggested that buyers could offer the savings from an assumable loan as an incentive to sellers, potentially making their offer more attractive. Laura clarified that the $25,000 offered as an incentive is added to the purchase price and is not required as additional cash. They also discussed the advantage of not needing an appraisal and the potential for long-term savings on interest rates. AssumeList.com: Homebuyer Search Platform for Assumable Mortgages Michael Lorino discussed the creation of his search platform, AssumeList.com, aimed at helping homebuyers find properties with assumable mortgages. The platform allows users to search based on various criteria and provides detailed information about the properties. Michael Lorino also mentioned a new feature that shows the down payment requirement. Laura inquired about the data source, and Michael Lorino explained that they have a direct connection into the Multiple Listing Service (MLS) and also use public record data. Michael Lorino also clarified that there is a nominal subscription fee for using the platform. Michael Lorino emphasized the importance of user feedback in shaping the product and mentioned that recent updates were based on user suggestions. Home Buying ResourcesNavigating the world of home buying can be overwhelming, especially for first-time buyers. That's why we've compiled a list of valuable resources to guide you through the process seamlessly.
➡️ Referrals:⭐ YouTube: https://www.youtube.com/@iamlauramoreno1 ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno
➡️ Hire Me⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - [email protected] ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/
➡️ Contact LauraI'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at [email protected]. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone.
➡️ DisclaimerLaura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
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