GREAT REASONS TO MAKE YOUR HOME & BUY YOUR HOME IN MEMPHIS

In Appraisal, Benefits, Credit, Downpayment, Finances, financing, Financing & Refinancing, Fixing, Home Buying, Housing Market, Loan Programs, Local Development, Money, Mortgage Loans & Rates, Preparation, Property Management, Tips, Tricks & How To's by Jo Garner0 Comments

Today on Real Estate Mortgage Shoppe, we are going to be looking back into our Memphis, TN history and how our citizens have come together to overcome major illnesses, war, and economic hardships.   We will be talking about some BIG positives about living and buying a home in Memphis today. 

What do YOU want to accomplish with YOUR mortgage?   Make your plan.  Let’s work your plan. If the deal works for you today, let’s do it today.   Connect with me at www.JoGarner.com (901) 482-0354  Jo@JoGarner.com 

To Your Success,

Jo Garner, Mortgage Loan Officer NMLS # 757308

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Good morning, Memphis!  Welcome to our internet listeners and podcast listeners across the 50 states! You’re on Real Estate Mortgage Shoppe. I’m your host, Jo Garner, Mortgage Loan Officer.  You can connect with me at www.JoGarner.com.   Our general topic is GREAT REASONS TO MAKE YOUR HOME & BUY YOUR HOME IN MEMPHIS   Subscribe to get Real Estate Mortgage Shoppe podcasts with show notes at www.JoGarner.com  Call us while we’re live today June 6th, 2020 at (901) 535-9732.

 Back in the studio we have Tom King with Bill King Appraisal Company.  Tom, you have had some time off and we missed you.  But, I understand lately you are working wall-to-wall every day doing real estate appraisals for people buying homes, selling homes and refinancing.   Take a moment and tell our new listeners a little bit about you and what you do for your appraisal clients. ( Tom takes 1 minute or so to introduce himself and talk about the types of appraisals he does)

(Tom introduces Jimmy Ogle, Shelby County TN historian )

Jimmy Ogle introduces  himself and talks about what he does as a historian and storyteller….and some history stories

(Jo) We have all been living through historic times. Tom brought Real Estate Mortgage Shoppe’s “Magic Binoculars” today.  These binoculars are magic because if you look through one end, you can see back into the murky mist of the past.  If you flip it around and look through the other end, you can sort of see into the future, but Tom has never fixed the cloudy lenses, so that is our disclaimer about looking into the future.  

Tom, as our expert appraiser, you can describe what has been happening with our Memphis real estate values during this Coronavirus pandemic time in history.  Tom talks about 1. what real estate values have been doing in the Greater Memphis area.  2.  What real estate trends he sees in our area 3.  What does he see through our “Magic Binoculars”  for where our Memphis real estate is going?   

 Reasons that I made my home and bought my home in Memphis.

There are so many great reasons to live and own your home in the Memphis area. Let us count the ways

A Low cost of living but with a good standard of living

B Cost of homes are very affordable

C Real estate values are stable compared to some other areas of the country

D Industry is diverse, creating more job stability.  Memphis is supported by MANY major employers in varying areas of commerce. For example, medical professions, transportation, tourism, warehouses, Fed EX, Autozone, and more.

E We have the best water in the world and lots of it.  We have some of the best people and neighbors and co-workers in the world too.

Where do YOU want to live? MAKE YOUR PLAN. LET’S WORK YOUR PLAN. IF THE DEAL WORKS FOR YOU TODAY, LET’S DO IT TODAY.   Connect with me at www.JoGarner.com. Email me at Jo@JoGarner.com  or just call me at (901) 482-0354. 

You’re on Real Estate Mortgage Shoppe. I’m your host, Jo Garner, Mortgage Loan Officer.  What do YOU want to accomplish with your mortgage? Make your plan. Let’s work your plan if the deal works for you today, let’s do it today.   When we come back our famous, entertaining Shelby County TN historian Jimmy Ogle will be sharing more Memphis stories from the history pages  . See you back in just a moment. 

THE LOOK BACK MEMPHIS TRIVIA CONTEST

2nd segment after 9:15 break: Our Look Back Memphis Trivia Contest is brought to you  by notable Memphis historian, Jimmy Ogle. Twelve of his Memphis History lectures entitled Making Memphis – Storytelling by Jimmy Ogle may be viewed by Googling “JIMMY OGLE PINK PALACE”.  View at JimmyOgle.com. .  The 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 if you have a BIG, BIG project or a smaller project or you can do the big project in phases . The Lawhons are giving away a $25 gift card to the first person with the correct trivia answer.  If you know the answer to our trivia question, call us at 901 535 WREC 901 535-9732.

Garner # 179 * 05/30/20

Cordova

Question:  I am a community in Shelby County originally known as Allentown. Who am I?

Hint:  I was founded in 1835, had to other names before settling on my current name in 1900.
 
Hint:  Early on, I was known for my fresh cut flowers supplied to businesses for sale in Memphis.

Hint: I had a munitions plant that contributed to the war effort in WW2.

Final Hint: Parts of me have been annexed and de-annexed by Memphis.  Who am I?

Answer: Cordova was a farming village east of Memphis with fewer than a dozen farms when it was founded in 1835. Cordova was renowned for the freshly cut flowers that were shipped to Memphis, Tennessee, thus the town’s motto was “Farms, Flowers and Fellowship”.  Cordova has changed its name several times. Originally, it was known as Allentown, then Marysville, then Dexter. In 1888 the Dexter post office was opened. In 1900, the name was changed to Cordova. The town most likely changed its name to “Cordova” so not to be confused with another town named Dexter that was located on the same NC&St.L railroad line that ran through town. An important ammunition plant (National Fireworks Company) was near Cordova and was served by the railroad during World War II.

Cordova grew from a quiet country farm hamlet with a population of 150 people in 1912 to one of the fastest growing neighborhoods of Memphis. Retail growth exploded in the late 1990s thanks to the Wolfchase Galleria shopping mall, which at the time was the largest retail center in Shelby County outside of Memphis city limits. Today the majority of the growth is along Houston Levee Road and Macon Road as well as major retail and commercial centers on Germantown Parkway. There are now over 1,226 businesses with over 19,400 employees working in Cordova.

in 1965.

Bonus: Jimmy Ogle’s four distinct tours of Elmwood Cemetery that were scheduled for Saturday, April 25 are postponed until Autumn. For more information, call 901-774-3212 or go to elmwoodcemetery.org.

Jimmy Ogle has retired from walking tours in Memphis.  Twelve of his Memphis History lectures from the Pink Palace entitled Making Memphis – Storytelling by Jimmy Ogle, and now more than ten hours Downtown Walking Tours are FREE on the internet at . . . You Tube Jimmy Ogle.  
           
                                                   View JimmyOgle.com for more info!

TOPICS AND STORIES FROM JIMMY OGLE, HISTORIAN

Jimmy Ogle, Memphis & Shelby County Historian

  1. Jimmy tells Memphis stories from history when the people of Memphis have had to rebuild from war, sickness, and economic hard times.
  2. What are some important lessons we can learn from the past to help us today as we work through uncertainty and disruption from routines?
  3.   What are some positives you see for making your home and buying your home in the Greater Memphis area?

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TOPICS COVERED BY TOM KING, REAL ESTATE APPRAISER

Co-host-Tom King, Bill King Appraisal Co. 

  1.  What current real estate trends are you seeing with our real estate values?  
  2. What real estate trends are you seeing in the Greater Memphis area
  3. What are some great reasons YOU have for making your home and buying your home in the Greater Memphis area?

CALLERS: Don Lawler of Storytellers of Memphis photographer and videographer   Helping businesses tell their story and promote the brand.  www.storytellersmemphis.com

Don Lawler, www.StorytellersMemphis.com 

Thank you, Don Lawler, for training us at Talk Shoppe to use green screen technology to promote our Talk Shoppe sponsors.   Thank you for videoing some of the Real Estate Mortgage Shoppe broadcast today. 

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COVERED BY JO GARNER, MORTGAGE LOAN OFFICER

Host -Jo Garner with “Magic Binoculars”

  1. Reasons that I made my home and bought my home in Memphis.

There are so many great reasons to live and own your home in the Memphis area. Let us count the ways

  1. Low cost of living but with a good standard of living
  2. Cost of homes are very affordable
  3. Real estate values are stable compared to some other areas of the country
  4. Industry is diverse, creating more job stability.  Memphis is supported by MANY major employers in varying areas of commerce. For example, medical professions, transportation, tourism, warehouses, Fed EX, Autozone, and more.
  5. We have the best water in the world and lots of it.  We have some of the best people and neighbors and co-workers in the world too.

                        If you are living in the Memphis area and you are trying to decide whether to rent or buy, here’s some facts and ideas to consider

  • TRYING TO DECIDE WHETHER TO RENT VS BUY A HOME?

Research done by C J Patrick Company using recent data by First American Data Tree shows in Memphis points to some big opportunities for buying your own home in the Greater Memphis area rather than renting.

When comparing a mortgage payment to a rent payment, it looks like your mortgage payment could be over 25% lower than rent on the same house.  This would depend on several different factors such as property tax amounts and insurance and the type of financing program chosen by the homebuyer. 

Here are some reasons renters are choosing to own their home instead:

  1. Having mortgage rates lower than in 40-50 years is giving many renters the motivation they need to move from renting to owning their own home. The lower the rate, the lower the house payment.
  2. The fact that most mortgage programs offer a fixed mortgage rate for up to a 30 year term, keeps the principle and interest payment low. Homeowners aren’t worrying about a landlord increasing their rent every year.
  3. Owning a home gives you pride of ownership and more flexibility on how you use the property
  4.  Some homeowners rent out the upstairs bonus room to supplement their house payment
  5. Some homeowners use an extra room to serve as an office or for other business use. 
  6. As prices go up, the homeowner enjoys the value going up on the home, building equity and net worth

Conditions Favorable to Buying A Home vs Renting

  1. You plan on remaining in the geographic area for 3 years or more
  2. You have good credit
  3. Your current debt load is manageable
  4. You have enough savings to feel secure
  5. You have a job or business that is steady

(4th segment of show 9:47a to 9:57 a) REAL ESTATE TIP OF THE WEEK (Michael Brooks, national manager of the Renovation and Repair mortgage programs for Sierra Pacific Mortgage   shares a real estate related money-saving or time-saving tip): Jo Garner shares tip for homeowners taking advantage of refinancing to lower mortgage rate, shorten term, or freeing up cash per month

ANNOUNCEMENTS:  

Talk Shoppe offers free networking & education to anyone interested in real estate or in business. Talk Shoppe meets every Wednesday 9A-10A CT at Concorde Career College 5100 Poplar Ave 1st floor Memphis TN (The Clark Tower). Of course, like everyone else, Talk Shoppe is meeting online. Join us by going to www.TalkShoppe.com  click on the Upcoming Events tab and the web address for our main meeting room and break out rooms is there.  This Wednesday I will actually be the presenter.  We are talking about “Real Estate and Mortgage Financing–Changes Now and Some Changes That Are Here To Stay” 

Talk Shoppe events are free thanks to supporters like Tim Gilliland of www.BackupRX.com  When you need to recover lost data on your computer, you will feel very thankful when you call Tim at BackupRX and simply download all your data and system files immediately when you need it.   Contact BackupRX about getting your data automatically backed-up  at www.BackupRX.com

Thank you to financial planner and investment advisor, Maria Popa of Strategic Financial Partners for your financial sponsorship of Talk Shoppe.  Thank you, Maria Popa for making Talk Shoppe’s free education and networking free to our business community.  For your investment advice and financial planning, contact Maria Popa at (901) 260-6431

2. Call up your family members and friends. Reach out and check on your neighbors.   Just that simple act of kindness and willingness to help can mean more than you can ever know….

3. Subscribe at www.JoGarner.com and you can get our weekly blog posts with podcasts conveniently in your inbox.   

4. Real Estate Mortgage Shoppe reminds you to MAKE YOUR PLAN. LET’S WORK YOUR PLAN.  IF THE DEAL WORKS FOR YOU TODAY, DO IT TODAY.

SPECIAL NOTE:  REAL ESTATE MORTGAGE SHOPPE  RECOMMENDS THAT YOU CONSULT WITH A FINANCIAL, LEGAL OR OTHER CERTIFIED, LICENSED PROFESSIONAL BEFORE ACTING OR INVESTING ON ANYTHING YOU HEAR OR SEE FROM THE CONTENT ON THIS SHOW OR BLOG POSTS. THE INFORMATION WE SHARE ON REAL ESTATE MORTGAGE SHOPPE IS GENERAL IN NATURE MEANT FOR GENERAL EDUCATIONAL PURPOSES ONLY. ALL EXAMPLES GIVEN FOR ILLUSTRATION PURPOSES ON REAL ESTATE MORTGAGE SHOPPE AND ARE BASED ON TRUE STORIES BUT WE USE FICTIONAL CHARACTERS AND DO NOT DIRECTLY REFLECT REAL PEOPLE OR EXACT DETAILS IN ANY OF THE SITUATIONS.

QUOTE CORNER:  Anonymous “In the middle of difficulty lies opportunity”

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REJOINDERS: 

  1. Miranda Griffin, www.healthymidsouth.net   Improving Lives One Step At A Time
  2. Leah Anne Morse, www.AllThingsNewWTN.com  Helping organize and downsize efficiently and positively
  3. Mary Lou Nowak, Mid-South Home Helpers  non-medical assistance in  the home.    (901) 414-9696

Transitional Music: “Proud Mary” by Ike and Tina Turner, “That’s How I Got To Memphis” by Bobby Bare; “Walking in Memphis” by Marc Cohn. “Memphis” by Johnny Rivers for the Look Back Memphis Trivia Contest

ABOUT JIMMY OGLE: 

Jimmy Ogle is featured in several publications, such as the Commercial Appeal, Memphis Daily News, Best of Times, Des Moines Iowa Register where With the American Queen Riverboat on the Mississippi River
behind him Memphis historian Jimmy Ogle shows off an ear of corn he picked at the Field of Dreams site in Dyersville, Iowa. Ogle later had actor James Earle Jones who appeared
in the movie Field of Dreams autograph for him. Ogle has been to the Field of Dreams site in Dyersville four times.  The Des Moines Iowa Register says of Ogle, Rest assured that Ogle will run out of breath long before he runs out of facts about Memphis. And he rarely runs out of breath.

Education:
Graduated with B.S. in Education from University of Memphis, 1980
Graduated Memphis University School, 1970

Employment History:
Public Records Commission, County of Shelby, Chairman, 2014-present
West Tennessee Historical Society, Vice President Shelby County, 2014 – present
Shelby County Courthouse Restoration Committee, Member, 2014-present
General Manager, Beale Street Landing, 2013-present
Community Engagement Management, Riverfront Development Corporation, 2011- 2013
Tournament Services Coordinator, FedEx St. Jude Classic, 2010-2012
Program Specialist, Memphis Convention & Visitors Bureau, 2009-2010
Vice President, Ericson Group Inc, 2003-2009
Director, Memphis Rock ‘n’ Soul Museum, 2000-2003
Vice President of Operations, Performa Entertainment (Beale Street) 1998-2000
General Manager, Memphis Queen Line, 1993-1998
General Manager, Schorr Management Company, 1987-1989
General Manager, Mud Island, 1985-1987 and 1989-1993
Deputy Director, Memphis Park Commission, 1984-1985
Administrative Manager, Memphis Park Commission, 1983-1984
Special Events Supervisor, Memphis Recreation Department, 1979-1983
Church Recreation Specialist, First Baptist, 1973-1979
 

Community Organizations:
Shelby County Task Force for Mississippi River Corridor, Member
West Tennessee Historical Society, Board Member
Citizens To Preserve Overton Park, Board Member
Cotton Museum at the Memphis Cotton Exchange
Save Libertyland/Remember Libertyland, President
Memphis Zoological Society
Memphis Heritage
Park Friends, Inc
Shelby County Historical Commission, Member & Chairman (2011-2013)
Mississippi River Corridor Tennessee, Board Member, 2011-2013
Davies Manor Association, Board Member & President, 2013-2014
Delta Everything Southern Conference, Planning Committee Member, 2012

Interests (“Hobby Jobs”):
Scoreboard Operator, University of Memphis Men’s Basketball
Stat Crew, University of Memphis Football
Instructor, Meeman Center For Lifelong Learning, Rhodes College
Scoreboard Graphic Artist, American Junior Golf Association
Tour Guide, Center City Commission, Downtown Walking Tours
Member, Citizens To Preserve Overton Park
Actor, Elmwood Cemetery Costume Twilight Tour
Step-On Guide, Memphis Convention & Visitors Bureau
New York Times Crossword Society Member
Group Lecturer

ABOUT TOM KING:

Tom is a well- respected and sought after appraiser in Memphis, Tennessee.  He is a second generation appraiser with 40 years experience.  He has been elected to the Memphis Area Association of Realtors Board of Directors three times.  

Tom is a certified residential appraiser in Tennessee.  He have appraised over 20,000 homes in his career.  A graduate from the University of Tennessee with a degree in real estate, Tom is also a Certified Relocation Professional (CRP).  Tom also has vast experience in dealing with the county and state boards of equalization and in valuations of property for tax appeal purposes. (901) 487-6989

ABOUT JO GARNER-MORTGAGE LOAN OFFICER:

WHAT DO YOU WANT TO ACCOMPLISH WITH YOUR MORTGAGE?

www.JoGarner.com    (901) 482 0354  jo@jogarner.com  twitter @jogarner  NMLS# 757308 (currently working with Sierra Pacific Mortgage, Inc)

“Whatever YOUR  personal priorities are, my job is to help you get the mortgage terms that will give you bragging rights when you talk about it and help you score on  hitting your goals .”

As a mortgage loan officer, my job is to help you get to the  benefits you want from your financing terms.  What is most important to you? I can help you find the financing terms that will help you get to what you want.   What is your comfort level on a house payment? How much are you comfortable paying down,? What type of financing do you need to get the house you want to buy or refinance?

 Different clients have different priorities in life—some are buying their first home with very little down payment funds.  Some are recovering from medical challenges, divorces or preparing to send children to college and some are embarking on a long term goal of buying properties to build rental income.”

 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 25 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 25 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.com  Jo Garner also host the radio show Real Estate Mortgage Shoppe airing on News Radio AM 600 WREC and iHeart Radio with podcasts and show notes published on www.JoGarner.com  

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