Safe At Home Assistance and Resources-Safe Mortgage Solutions for Changing Family Needs

In Appraisal, Closing, Credit, Downpayment, Finances, financing, Financing & Refinancing, Fixing, Home Buying, Retirees, Senior Care by Jo Garner0 Comments

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 Safe At Home Assistance and Resources-Safe Mortgage Solutions for Changing Family Needs.  Subscribe to get Real Estate Mortgage Shoppe podcasts with show notes at www.JoGarner.com  Call us while we’re live today May 16th, 2020 at (901) 535-9732.

When is the last time you have stayed at home for weeks without going to your office or without being able to go visit other family members?  Mary Lou Nowak of Mid-South Home Helpers and Lynn Doyle of Unity Psychiatric Care are offering assistance and resources for families that want to continue to live safely at home.  I will be sharing some stories of people who have used just the right mortgage program to finance the best situation for their changing family needs.

INTRODUCING MARY LOU NOWAK OF MID-SOUTH HOME HELPERS & LYNN DOYLE OF UNITY PSYCHIATRIC CARE

Mary Lou Nowak, owner of Mid-South Home Helpers has a great reputation offering non-medical assistance for your aging or handicapped loved ones who want to live safely and comfortably in their own home.   Mary Lou Nowak, take a moment and tell our listeners a little bit about yourself and what Mid-South Home Helpers does for your clients. (Mary Lou Nowak of Mid-South Home Helpers introduces herself and talks about what she does for her clients)

(Jo)  Mary Lou Nowak, thank you for bringing Lynn Doyle of Unity Psychiatric Care to Real Estate Mortgage Shoppe.  Please introduce your guest and let’s give Lynn a moment to tell us a little about herself and what Unity Psychiatric Care does for their clients. (Mary Lou introduces Lynn Doyle.  Lynn Doyle has about 1 minute or so to introduce herself and talk about what Unity Psychiatric Care does for their clients)

MORTGAGE SOLUTIONS FOR CHANGING FAMILY LIFESTYLES

(Jo) This very unique opportunity that people have had to spend time at home instead of at the office and instead of attending other gatherings, has spurred people and families to evaluate what they want for their homes and their life styles.

Mortgage customers and clients have been calling me over the last few weeks to mastermind how to finance upgrades or additions to their homes.  Some have talked about buying a bigger home so they can have an aging family member live with them.  Others have talked about selling their big home and downsizing to a simpler life.  

The time we are living right now offers us a lot of opportunities for people ready for a change.  Values on homes generally are staying high. This is a big advantage for people selling  their home.  A big plus for home buyers is the lowest rates and mortgage payments in about 30 or more years.

Let me introduce you to the Carter and Claire Caldwell story–  Bounding over Barriers To Be With The Grandbabies

What about making your home pay YOU back? Have you considered a reverse mortgage if you are over 62 years old?

Here is a brilliant idea from one of my past “rock star” mortgage clients.  Carter and Claire Caldwell were both over 62 years old.   They loved their home next to the lake and their longstanding neighbors and friends.  But, the Caldwell’s yearned to spend time playing with their toddler grandchildren who lived several hundred miles away.   These grandparents were motivated to financially mastermind a way to buy a second home near their grandkids.  Want to know their brilliant idea????

Since the Caldwell’s  were over 62 years old and they had paid off their mortgage early, they applied and got a Reverse Mortgage.    The  Reverse Mortgage on their primary residence was now paying them each month, so they had the income to afford to buy a second home an spend a five whole months at a time playing and making memories with the grandkids. If you want to see STUNNINGLY BRILLIANT strategy, observe what happens when grandparents are determined to spring themselves across the miles to hold their grandbabies in their laps.

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. Email me at Jo@JoGarner.com  or just call me at (901) 482-0354. 

Let’s pivot over to Mary Lou Nowak of Mid-South Home Helpers and Lynn Doyle of Unity Psychiatric Care to share some assistance and resources they offer families who have been spending a lot of time sheltering in place where they live… (Mary Lou or Lynn Doyle launch into their topics)

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 Mary Lou Nowak of Mid-South Home Helpers and Lynn Doyle of Psychiatric Care.  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 # 178 * 05/16/20

Christian Brothers University

Question:  I am a university in Memphis that opened in 1871.    Who am I?

Hint:  My first campus was on Adams Avenue in Victorian Village.
 
Hint:  I will celebrate my Sesquicentennial (150th anniversary) next year (2021).

Hint: I also developed a very high school in Memphis.

Final Hint: I relocated my campus out to Midtown Memphis in 1940.  Who am I?

Answer: Christian Brothers University is a Catholic university in the student-centered tradition of the De La Salle Christian Brothers. CBU fosters academic excellence in a range of programs to prepare students from all faiths and backgrounds for careers and lives informed by the Lasallian values of faith, service, and community. Christian Brothers College was founded in 1871 by members of the Institute of the Brothers of Christian Schools, an international Roman Catholic religious teaching congregation. On June 9, 1939, the Brothers laid the cornerstone of a three-story building on the new property and eleven months later held the dedication ceremony for what would come to be called Kenrick Hall.

In 1953, the junior college expanded into a four-year institution. In 1970, spurred partially by the imminent closure of nearby all-female Siena College, women were accepted as students for the first time at Christian Brothers College—which had been all-male for 99 years. Today, the student population of CBU is half female. Christian Brothers College officially became Christian Brothers University in June of 1990. Christian Brothers High School opened its separate doors out on Walnut Grove Road 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!

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TOPICS COVERED BY MARY LOU NOWAK, MID-SOUTH HOME HELPERS

  1.  Describe the services you offer your clients with non-medical assistance.
  2.  What different methods are you using to serve your clients during the Coronavirus social distancing and sheltering in place rules?
  3. Give us some examples of how Mid-South Home Helpers can liberate family members who have loved ones living a distance away who need assistance?
  4. Give examples of how you can help when the person needing assistance already lives with family?

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TOPICS COVERED BY LYNN DOYLE, UNITY PSYCHIATRIC CARE

Senior Care Talking Points:

  • What does depression look like in senior adults/signs and symptoms
  • What part does isolation play in depression?
  • What can we do to encourage seniors in this time of COVID
  • What part can family and friends play to break the bonds of isolation?
  • How can we help them adjust to this very different kind of lifestyle?

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TOPICS COVERED BY JO GARNER, MORTGAGE LOAN OFFICER

  1.  What are some smart strategies when you need to sell your home and buy a new home before you can sell the old one?
  2. The story I shared last week on Real Estate Mortgage Shoppe “Offer Accepted To Buy My Dream Home-But Can’t Sell My Current Home” Right Away-Zana Zagar’s story”

Zana Zagar (not her real name) received some good news and bad news all on the same day.   The good news—the sellers accepted Zana’s offer to buy the home Zana had searched long and hard to find.  The bad news?  The family selling to Zana her dream home needed to close quickly.  Zana would not have time to get her current home ready to sell before she would need to close on her new home.

Zana and I explored a number of creative tactics she could take to get her the funds she needed to make the large down payment to keep her mortgage payment low on the new home, even though she would not be able to use the equity on the sale of her current home in time to use it for the down payment on the new home.

One of the solutions for Zana was to get a departure home equity line from her bank on the equity in her current home to use for a large down payment on the new home.  With the big down payment on the new home, this would set her up for the permanently  low payment on the new home.  

Zana could go ahead and close and move into her new home and enjoy a low mortgage payment on the new house because being able to access the equity on her current home with the temporary equity line to use until she could sell her old home.

  1. Staying competitive with no contingency on having to sell your current home first.
  2. Have a plan A AND a plan B in case both homes can’t close on the same day.
  3. Recast story and where to secure the bridge line of credit
  • What if you want to move your family back in with mom in the old home place, but need to remodel for separate living spaces?

Linda Lovelace’s story—Do You Love where you live and need to make changes but want to stay? (avatar picture)

Does the layout of your home work well for you and your family?   Are you in close proximity to  people and places that make living in your current location convenient?  Do you have a good relationship with your neighbors?

Linda Lovelace (not her real name) called me with this dilemma-should I stay or should I go?  Instead of downsizing after retiring, she invited her daughter and son-in-law to go in together to buy a larger home with a mother-in-law wing and sell Linda’s home. 

The problem was that her daughter’s family really liked the old home place, its land and the pond and woods out back and the layout of the house. Ms. Lovelace had a licensed contractor come out and look at the feasibility and costs of separate living unit to the existing homeplace so that Linda could have her private space.  

The family looked at other homes and got estimates on what it would costs with money down and payments per month on other homes with the right layout and proximity to work and shopping and doctor’s offices. They compared these numbers to what it would costs to remodel and add the extra living space onto Linda’s existing home.  The decision ended up being to make the modifications to the home and for everyone to live in remodeled existing home instead of moving.

They compared doing a cash out refinance on the home to get the funds to remodel or getting an interest-only home equity line of credit to cover the costs of remodeling.   Since the daughter’s family and Linda would be taking over the mortgage payments, the decision on how to finance the remodeling of the home would be a group decision.

  • The magic of the 1031 exchange (Dedra Darington’s story) dk
  • The cramped apartment-no place to shelter in place– Happy customer with expanding family going from renting $900/mo in crime ridden area to buying a house with none of their own money down in a safer neighborhood with a larger house to accommodate their expanding family and a note of only about $747/mo including taxes and insurance.   They also got Shelby Co Down payment Assistance and the seller paid their closing costs  to keep more money in their pockets .

REAL ESTATE TIP OF THE WEEK (Michael Brooks, Sierra Pacific Mortgage Renovation and Repair mortgage programs. Michael   shares a real estate related money-saving or time-saving tip):

ANNOUNCEMENTS:  

Talk Shoppe offers free networking & education to anyone interested in real estate or in business. Talk Shoppe meets every Wednesday 9A-10A CT normally at Concorde Career College 5100 Poplar Ave 1st floor (the Clark tower) Currently Talk Shoppe is meeting online. Go to www.TalkShoppe.com and click on Upcoming Events tab for the link to Talk Shoppe’s main meeting room  https://us04web.zoom.us/j/5087794464  This Wednesday May 20th, 2020 Overcoming the Fear of Hospice and how it can change your life today. By: Sherrie Serca, FNP-BC Family Nurse Practitioner, Baptist Trinity Hospice

Talk Shoppe events are free thanks to supporters like business strategist and executive offer of Talk Shoppe, Nita Black.   Connect with Nita Black to explore ways to monetize your knowledge and expertise online    www.901ELearn.com

Talk Shoppe events are free thanks to supporters like Eric Eurich, Kaizen award-winning business coach with www.ericeurich.focalpointcoaching.com  Eric can get you and your business from where you are to where you want to be. 

  • Continue to stay safe.  Reach out and check on your family, your friends and your neighbors. Be ready to lend a hand or help supply to someone something that you wosn

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

5. 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:  

“Love’s the glue. Use it right, it can fix most anything.”
Nora Roberts, Shelter in Place

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REJOINDERS: 

  1. Greg Inman of Next Day Access in Memphis, TN https://www.nextdayaccess.com/memphis-tn/      (901) 881-6769
  2. Leah Anne Morse, All Things New in Collierville, TN (helping people and families organize to down size, up size or hold an estate sale. (901) 488-9733
  3. Eve Sotiriou, Waterville, Maine

Transitional Music:   “Reach Out. I’ll Be There”  Four Tops;  “I’ll Be There For You” Theme from Friends; “Let’s Stay Together” by Al Green; “Memphis” by Johnny Rivers for the Look Back Memphis Trivia Contest

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                ABOUT LYNN DOYLE, UNITY PSYCHIATRIC CARE

(901) 870-6278 ldoyle@unitypsych.com

Lynn Bennett Doyle holds a Master of Science in Counseling from the University of Memphis.  She has worked in the Behavioral Health field for her most of her career.  She has most recently served Unity Psychiatric Care in Memphis both as the Administrator and most currently as the Regional Director for Business Development.  Previously she worked at Delta Medical Center as the Director of Senior Care and the Executive Director of Business Development and Marketing. Prior to Delta, she served as the Administrator for St. John’s Hospital Psychiatric Pavilion in San Angelo, Texas.

She currently serves on the Board of Directors for Alzheimer’s and Dementia Services as immediate past President.   She serves on the Board of Directors for the Professional Network on Aging as Legislative Chair and is a Past President.  She is a past President of Creative Aging of the Mid-South, Business and Professional Women of Tennessee, The Ruth Mackey Cancer Foundation, and The Sales Club of Memphis.

Lynn’s additional community involvement includes Hosting a cable talk show “Health Awareness” on WYPL television, volunteering for the United Way of the Mid- South on the Funds Allocation Committee, and delivering presentations to health, churches and civic organizations on topics including Coping with Depression, Managing Stress, Leadership, Team Building, Brain Health, and Building Communication Skills 

She was awarded the 2017 Bob Bernstein Senior Advocacy Award by the Professional Network on Aging.

ABOUT MARY LOU NOWAK OF MID-SOUTH  HOME HELPERS

www.homehelpershomecare.com (901) 414-9696

Mary Lou Nowak, managing partner of Mid-South Home Helpers and serves as Vice President of Marketing and 2018 Professional Conference Chairperson of Professional Network Of Aging.   She  is a professional who began client care at a 500 bed community hospital in 2001 and since, while working with seniors and their families as owner of Home Helpers became an expert in expediting long term care insurance policies saving families thousands. 

Home Helpers – (901) 414-9696

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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