P: (901) 482-0354 | E: Jo@JoGarner.com

P: (901) 482-0354 | E: Jo@JoGarner.com

CLEAN CARPET & CLEAN CREDIT –HOW IT SMELLS DETERMINES HOW IT SELLS

by | May 9, 2015 | Uncategorized

5-9-15 “CLEAN CARPET & CLEAN CREDIT –HOW IT SMELLS DETERMINES HOW IT SELLS”

HIGHLIGHTS FROM THE PODCASTS TODAY:

MARKET NEWS

LOOK BACK MEMPHIS TRIVIA CONTEST

QUESTIONS ANSWERED BY JERI JEFFRIES:

  1. How did you get started with the Tiger Paws Carpet and Upholstery Business?
  2. What services do you offer through the Tiger Paws business?

 

  1. What processes do you use  and how do you decide which job needs which service?
  2. What are your plans for future training?

5.

QUESTIONS ANSWERED BY AJ SOARES

  1. What do you do with hardwood floors and leather cleaning? 
  2. Talk about some of the cleaning services you do involving upholstery?
  3. What mottos do you implement in your business?
  4. What kind of training do you offer your employees?
  5. How do you clean tile and grout?

 

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QUESTIONS ANSWERED BY JO GARNER :

  1. What are some techniques you use to get the credit scores up the quickest? 
  2. What advice do you give your clients who need help with credit issues?

 

  1. What does someone do who has NO credit? 

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REAL ESTATE TIP OF THE WEEK:

ANNOUNCEMENTS

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Good morning, Memphis! Good morning across the country on iHeart Radio and BOCI Radio.  You’re on the Real Estate Mortgage Shoppe program and I’m your host, Jo Garner, Mortgage Loan Officer with Evolve Bank and Trust.  Let’s talk about YOUR real estate and YOUR financing.  Want to bad debt to SMART Debt?  Make Your Plan, Work Your Plan. If The Deal Works For You Today, Do It Today.    Today our general topic is “CLEAN CARPET & CLEAN CREDIT –HOW IT SMELLS DETERMINES HOW IT SELLS”

In the studio to talk about how to get your CARPET clean, we have sitting around the coffee table, Jeri Jeffries and AJ Soares from Tiger Paws Carpet Cleaning & Upholstery.  Jeri and AJ, you did a great job at our house—thank you so much!  You also come with some great testimonials from other friends.  Jeri, Tell us a little about yourself and  Tiger Paws Carpet Cleaning and Upholstery.  <Jeri has about 45 seconds to talk about herself and Tiger Paws>  Then Jeri introduces AJ. <AJ has about 45 seconds to talk about himself and Tiger Paws>

(Jo)  The mortgage market has not been smelling like a bed of roses over the past few weeks. HOWEVER, yesterday the sweet aroma of lower rates started coming through our with the scent of the best prices on mortgage rates we have seen all week.  Best-Execution rates levels on the 30 yr were around 3.75%- 3.875% to 4% with no points but pricing can vary based on a number of factors.  The conventional 15 year rates came in around the low to mid 3’s.  The rate volatility for a long while has been mainly due to what has been happening in the European markets—and that is still the reason for some of the market reactions we are still seeing here in the US.

If you are in the process of buying a home or refinancing one and you have been holding off on locking your rate and terms on the mortgage, you probably want to call your loan officer and see about locking now.   If you need a good loan officer to help you get the right loan product for you at a good price, give me a call now on the air at (901) 535-WREC  (901) 535-9732 or call me off the air directly at 901 482-0354  (901) 482-0354 or connect with me at www.JOGarner.com

Jeri and AJ, we have been seeing a lot of activity in the mortgage office with people wanting to sell their homes and buy new ones.   How has the current real estate activity been affecting YOUR company?

<Jeri and AJ have about 1 minute to make their comments>

(Jo)  If you are trying to sell your home, you definitely want your carpet to look and smell appealing to a prospective buyer.  Get rid of the clutter, clean the carpets and the rest of the house.  If you’re trying to BUY a home, you need to come see me and let’s make sure your CREDIT and your income-to-debt ratios and the way you look on the loan application makes a good impression on the underwriters. Susan and I are trained  on the Credit Simulator tools and have helped several of our customers add some points on their credit scores within a short period of time. Depending on the challenge, we’ve been able to do get the scores up 20 to 30 points within as little as 30 days or sometimes a little longer.

<Jeri and AJ makes short comments here>

(Jo)  If you have good credit but you’re self-employed and don’t show a lot of income on the first 2 pages of your tax return,  let’s take a look at the ENTIRE tax return.  My assistant, Susan Belew and I start at the BACK of your tax return and work forward.  That’s because there are some debts you can legally write off as tax deductions but we can legally ADD BACK to your income under current loan program guidelines. It has made the difference for several of our clients in not getting their home loan approved and getting their loan approved and getting to move into the new digs.  If you or someone you know is in that situation, call me on the air at 901 535 9732  or directly off the air at 901 482-0354 or at www.JoGarner.com .

<Jeri and AJ comment here>

(Jo)  First impressions are very important if you’re trying to sell your house, or if you’re trying to get approved for financing for your home or for a business deal.  If you’re trying to get approved for a loan to buy a house, a primary residence, second home or investment property or if you are trying to refinance a home here in the Memphis area or anywhere in the country call me and let’s talk about what you want to do FIRST before you run out and start paying off debt –or racking it up.   Most of the underwriting software programs aren’t so much concerned if you have a high income-to-debt ratio if you’ve got money in the bank to cover it.   Money in the bank looks much better than just paying down debt.     If you want your loan to look good and smell good to the underwriters, consult with a good loan officer before you start making any adjustments to your finances.  If you want to talk about YOUR plans call me on the air at 901 535-WREC 901 535 9732 or call me off the air later at 901 482-0354  901 482-0354 or let’s connect at www.JoGarner.com

Jeri Jeffries and AJ Soares with Tiger Paws Carpet Cleaning and Upholstery  are the experts on how to get your carpet looking and smelling good for staying or selling.  What are some of the services you offer your clients?  <Jeri and AJ launch their topic until the 9:15 break>

2nd   segment after 9:15 break—It’s time for the Look Back Memphis Trivia Contest. Our Look Back Memphis Trivia contest is sponsored by John and Jennifer Lawhon of Lawhon Landscape (901) 754-7474 the Lawhon’s can help you plan your landscaping even if you’re on a budget and they would like to help you if your crepe myrtles are showing signs of the mysterious fungal disease that is hitting Shelby County TN.   The Lawhons are giving away a $25 gift card to the first person with the correct trivia answer.  If you know the answer to one of our trivia questions, call us at 901 535 WREC 901 535-9732. 

Our Trivia Question:   WHO AM I?

ANSWER:  Shoney’s Big Boy Restaurant    5829 Summer Ave, Memphis, TN 38134

Hint #1    I am a Family-oriented chain serving an all-American diner-style menu for breakfast, lunch & dinner. I am known for my famous double-decker hamburgers and strawberry pie.

Hint #2   I once had several other locations in the Memphis area that served as a hang-out for Treadwell High School drag racers in the 70’s but those locations were shut down and now there are only two locations left in Memphis.

Hint #3  I am now located in the Summer Ave/ Sycamore View Area.

Hint #4    I have a well-recognized statue that stands at my location.   My statue stands tall with red and white checkered overalls

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QUESTIONS ANSWERED BY JERI JEFFRIES:

  1. How did you get started with the Tiger Paws Carpet and Upholstery Business?
  2. What services do you offer through the Tiger Paws business?

 

  1. What processes do you use  and how do you decide which job needs which service?
  2. What are your plans for future training?

5.

QUESTIONS ANSWERED BY AJ SOARES

  1. What do you do with hardwood floors and leather cleaning? 
  2. Hardwood and leather cleaning if time permits (We don’t do these often, so I’m not really concerned about it. I’d like to push it a little to make the machine worth buying, but our specialties are the previous 3 stated above. Thats where we excel.)
  3. Talk about some of the cleaning services you do involving upholstery?
  4. What mottos do you implement in your business?
  5. What kind of training do you offer your employees?
  6. How do you clean tile and grout?

 

.

QUESTIONS ANSWERED BY JO GARNER :

  1. What are some techniques you use to get the credit scores up the quickest? 
  2. Revolving credit activity makes up about 35% of the credit scores.  If you keep your balances owed under 30% of the total credit limit it can add some points to your score.  If you owe more than 50% of the total credit limit, this can cause you to lose points even though you’re making the payments on time.   Careful with transferring all your balances onto one card if it takes the amount owed over 50% of your total credit limit.   Careful with 12 months same as cash—these can kill your scores and fast.
  3. What advice do you give your clients who need help with credit issues?
  4. Pay your bills on time. By paying them on time and early, you can prevent creditors from showing late payments or collections on your credit report.
  5. If you have notice of a creditor about to file a collection against you, contact them right away and pay the bill or set up amicable terms with the creditor.  Collections stay on your account for seven years.   Even  if you pay it off, it still remains on your credit report.
  6. Keep balances low on credit cards and other open-ended, revolving credit lines.   High, outstanding  revolving debt can affect a credit score. Ideally, you should try and keep the balances owed on credit cards and other revolving credit under 30% of the credit limit.
  7. Pay off debt rather than moving it around. A big influence on your score is how you handle revolving credit accounts.  Be sure and make your mortgage and car payments on time.  But if you pay your mortgage and car on time, then your revolving account usage is the next biggest factor in determining your credit score.
  8. Don’t open new credit cards that you don’t need, just to increase your available credit. This method could actually lower your score .
  9. If you are newly building your  credit, don’t open a lot of new accounts too quickly. New accounts will lower your average account age, which will have a larger effect on your score especially if most of your credit history are new accounts.  Also, opening new accounts in a short space of time can look risky if you are a new credit user.
  10. Do your rate shopping for a given loan within a two-week period. If you inquire over a two week period, the inquires from a certain type of merchant, like a car company or mortgage company,  should score as only one inquiry if they occur within the same  two-week period.
  11. If you have had credit problems in the past, opening a couple of new accounts and keeping them paid down to under 30% of the total credit limit should  raise your credit score in the long term.
  12. Check your credit often and the scores too if possible.   One place to find references for credit scoring information is to go to www.myfico.com
  13. Someone with no credit cards and no credit  tends to be seen as a higher risk than someone who has handled credit cards responsibly.

 

  1. What does someone do who has NO credit?  They will be very limited on available mortgage products and these loan s will have to be manually underwritten under the strictest guidelines.  Most of the time these products require the borrower to document 3 or 4 seasoned non-traditional credit accounts like paying the utility bill, telephone service, rent or an insurance payment. If there is any derogatory credit showing on the credit report, you cannot use non-traditional credit  methods in lieu of no credit scores.

 

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REAL ESTATE TIP OF THE WEEK: (practical, money-saving, time-saving real estate related tip by Jeri or AJ . About 1.5 minutes)

Announcements:  Talk Shoppe offers free education and networking to anyone interested in real estate or business. This Wednesday May 13th, 2015  9A-10A Mayor Mark Luttrell shares “Action Initiatives For Improving Real Estate Values”   at University of Phoenix 65 Germantown Court 1st floor Cordova, TN 38018.  For more information about Talk Shoppe, go to www.TalkShoppe.com

  • To hear today’s podcast of the Real Estate Mortgage Shoppe and others, go to www.JoGarner.com                 Master The Art Of Smart Networking to get to the things you want.  Be a part of POWER UP at the University of Phoenix 65 Germantown Court in Cordova, TN Saturday May 16th 1:45pm to 4:15pm  Register now at phoenix.edu/powerup

 “MAKE YOUR PLAN, WORK YOUR PLAN. IF THE DEAL WORKS FOR YOU TODAY, DO IT TODAY.”

Transitional Music:  Magic Carpet Ride  by Steppenwolf;  Meghan Trainor “All About That Bass” parody “I Just Can’t Clean This Place” ; I Feel Good   by James Brown; Memphis by Johnny Rivers for trivia contest

 

 

 

 

ABOUT JERI JEFFRIES OF TIGER PAWS CARPET CLEANING & UPHOLSTERY:

My back ground is in several types of businesses and industries – I have done everything from fast food, to selling vacuum cleaners door to door, to working in the resin and fiber glass industry to commercial pest control, to selling paint jobs for a local paint contractor and now I am here.  I decided it might be nice to work for myself.  To buy a business, that I could grow for my family.  My kids, and their kids and so on.

 

 

ABOUT AJ SOARES OF TIGER PAWS CARPET CLEANING & UPHOLSTERY:

Aj Soares 26 years old, wife and 3 kids, 2 dogs. has worked in customer service all his life, waiting tables (Ihop), retail(walmart and lowes), Lineman(Standard Utility (Fort Worth Texas), Trade show booth management and construction(Skyline DFW), Facilities Manager and 6th grade pastor at Crossroads church in Belton, Texas.

 

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ABOUT JO GARNER:

 

www.JoGarner.com    (901) 482 0354  jo@192.232.195.219  twitter @jogarner 

Jo Garner is a mortgage officer with extensive knowledge in tailoring mortgages to her customers who are refinancing or purchasing homes all over the country.  She offers conventional, FHA, VA or other loan programs for refinancing and purchases.

 

Jo can help you look at rent vs buy, when it makes sense to refinance, how to get the best deal on your home  purchase financing.

 

Jo Garner  has been in the real estate/financing business for over 20 years.  She got her start in Portland, Maine where she first began her real estate career. She received her real estate education from the University of Southern Maine  and was personally mentored in San Diego, California  by Robert G. Allen, author of Nothing Down, Creating Wealth and The Challenge.

 

On moving back to West Tennessee in 1987, she went into business buying and selling discounted owner-financed notes secured on real estate.  In 1990 Jo went to work for a residential mortgage company and has been a mortgage loan officer for over 20 years.  Her goal is to offer excellent, affordable service to her customers, tailoring the loan programs to the specific needs of her clients.

In addition to her work in the mortgage field, Jo Garner  is the primary sponsor and founder of Talk Shoppe in Memphis. www.TalkShoppe.BIZ  She was also the editor of Power Shoppe, a free weekly e-zine designed for real estate professionals and others indirectly connected to the real estate industry and currently publishes on her blog www.JoGarner.com   .

 

For real estate financing solutions, plug into the Real Estate Mortgage Shoppe program.  You can find mortgage rates, FHA Streamline refinance with no out-of-pocket costs, refinancing options, home purchase loan programs, answers and  real estate, money-saving tips and more.