During today’s show you will some things you can do to get your house ready for the seasonal change. Jeri Jeffries of Tiger Paws Carpet Cleaning will be showing you how to knock the carpet cleaning off your honey-do list. Jeri can give you some pointers on how to keep your floors looking newer longer between cleanings. Want to cut down on the amount of interest expenses eating away at your pocketbook? Stay tuned for some stories of how some people have successfully done it without breaking the bank.
What do YOU want to accomplish YOUR mortgage? Let’s talk! But you have to talk with me personally to work with me personally. Let’s look at ways to get you from where you are to where you want to be –without breaking your bank account. Subscribe to Real Estate Mortgage Shoppe’s weekly podcasts with show notes by going to www.JoGarner.com or just call me at (901) 482-0354
To Your Success,
Jo Garner, NMLS# 757308 Mortgage Loan Officer
(901) 482-0354 www.JoGarner.com
_____________________________________________________________________
WELCOME TO REAL ESTATE MORTGAGE SHOPPE
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 GET READY FOR CHANGE-CLEAN UP YOUR HOME AND CUT DOWN YOUR DEBT. Thank you to Joe Rojas, representative of Quality Title Group (901) 289-5821 for sponsoring Real Estate Mortgage Shoppe today. For your real estate purchase and refinance closings, call Joe Rojas at Quality Title Group. You can call us while we are live today, November 17th, 2018, at (901) 535-9732
TOPICS YOU WILL HEAR
During today’s show you will some things you can do to get your house ready for the seasonal change. Jeri Jeffries of Tiger Paws Carpet Cleaning will be showing you how to knock the carpet cleaning off your honey-do list. Jeri can give you some pointers on how to keep your floors looking newer longer between cleanings. Want to cut down on the amount of interest expenses eating away at your pocketbook? Stay tuned for some stories of how some people have successfully done it without breaking the bank.
In the co-host chair, we have the lady in blue—Jeri Jeffries of Tiger Paws Carpet Cleaning. Jeri, you are a die-hard, committed Memphis Tiger fan. You are just as committed to your customers too. Take a moment and tell our listeners a little about yourself and what Tiger Paws Carpet Cleaning does for your customers. (Jeri has a little over a minute to talk about herself and what Tiger Paws can do for their clients.)
_____________________________________________________________________
The Home Maintenance Checklist for Good Wealth and Health
(Jo) Jeri, you are definitely taking the carpet cleaning chore of my “Honey-Do-This-List” this week —just in time for family and friends who will be enjoying time at our house for the holiday. But keeping a schedule of home maintenance items and completing them can really pay you dividends when it comes time to sell your home or rent it to a tenant. When prospective homebuyers see rotted wood or dirty carpets, many have reported saying, “Hm…If there is some rotted wood outside and dirty carpets inside, what other deferred maintenance issues are lurking out of sight throughout the rest of the house?”
The Home Maintenance Checklist for Wealth and Health reminds me of a the only tools you will ever need—Duct Tape and WD40. If it doesn’t move and it should, use WD40. If it shouldn’t move and it does, use Duct Tape. Here’s the list, and if you would like to get your own copy to use, you will be able to find it Monday on the blog post for this show at www.JoGarner.com under the Mortgage Loans Blog tab. You can also call me at (901) 482-0354 or email me at Jo@JoGarner.com and I will send it to you:
1. Professionally clean your carpets
2. Trim trees and shrubs/Rake leaves
3. Clean out gutters and downspouts
4. Replace rotted wood
5. Seal gaps in home before the critters move into your home
6. Stock up on winter supplies-like snow removal stuff, gas for generator, Wood, emergency kit for your home and car
7. Wrap or shut off outside faucets
8. Check safety devices like smoke alarms, carbon monoxide detectors, fire extinguisher, and other safety gadgets
9. Have your chimney inspected by a chimney professional
10. Clean dryer vents
11. Change Heating and Air-conditioning filters and get HVAC system serviced by a professional
12. Walk all the way around your home, in the attic and check the roof for problems to be fixed before there is bigger trouble ahead
Jeri, new carpet can be expensive. What are some rules to keep your carpet looking good and lasting a long time?
_____________________________________________________________________
TOPICS COVERED BY JERI JEFFRIES OF TIGER PAWS CARPET CLEANING
(Jeri answers questions about how to properly care for your carpet.)
What kind of stain remover works best and what NOT to use—stay away from products that leave a soapy residue
The best method of cleaning up a carpet stain—Do NOT scrub or rub the carpet because this can grind the stain deeper into the carpet. Gently BLOT the stain out with a paper towel or other material that absorbs moisture
How often are you supposed to have your carpets professionally cleaned? New carpet is supposed to be professionally cleaned every 18 months to maintain the warranty on from the carpet manufacturers. For active households with lots of traffic, getting your carpet professionally cleaned every 6 months is preferable.
What kind of tricks do you use to help homeowners clear up pet stains and odors? Using a blacklight can highlight areas where pets have urinated on the carpet because the blacklight highlights DNA. Once the accident spots are located, getting the carpet spots treated with a special enzyme chemical can completely eliminate the proteins in urine all the way down to the carpet pad.
Why do you not want to put off cleaning up flooded flooring? Mold can set up on carpets that are holding moisture. Also, certain dirt and grime can deteriorate fibers in carpet the longer they are in the carpet.
What about general house cleaning? Hiring the housecleaning done in your home can free you up to do much more important things.
(Jo) Thank you for joining us on Real Estate Mortgage Shoppe. I’m Jo Garner, your host, Mortgage Loan Officer. You can connect with me at www.JoGarner.com . We are getting ready to take a short break. You will be hearing more from Jeri Jeffries with Tiger Paws Carpet Cleaning. Also, Leah Anne Morse with All Things New, will be sharing some tips about making changes in your life and in your home. Real Estate Mortgage Shoppe reminds you to MAKE YOUR PLAN. WORK YOUR PLAN. IF THE DEAL WORKS FOR YOU TODAY, DO IT TODAY.
_____________________________________________________________________
TALK SHOPPE’S BUSINESS TIP FOR REAL ESTATE PROS:
2nd segment after 9:15 advertising break – (producer to start the song “Taking Care of Business” by Bachman Turner Overdrive –but bring the volume down before the lyrics start) It’s time to talk shop with Talk Shoppe’s Business Tip For Real Estate Professionals. Talk Shoppe is a marketing company offering free education and networking to anyone interested in real estate or in business. Talk Shoppe is made possible by the financial support of its sponsors and advertisers. For more about Talk Shoppe, go to www.TalkShoppe.com (shoppe) For our Talk Shoppe Business Tip today we have Talk Shoppe advertiser, Leah Anne Morse, owner of All Things New for organizing, down sizing or making changes in life. Leah Anne makes the transition easier and a LOT more fun. Leah Anne Morse with All Things New, What is our Talk Shoppe Business Tip for Real Estate Professionals today? TS guest gives a 1.5 to 2 min tip
Leah Anne Morse from All Things New—Depending on the type seller’s situation, when you as the realtor begin the conversation with them, observe their surroundings and ask questions that would put the seller at ease, but more the process forward.
Moving is one of the top five stressors in life. Cleaning out closets, attics and garages can be a daunting task. Recommending a professional organizer, or transition planner can bring the seller back to a normal pace.
If that customer works, or even if they are retired, preparing for the move adds extra hours to an already fully scheduled day in most cases. I would love to help your client enjoy the transition, not dread it. You, as the agent, become the hero and rescue your client.
One of the fun group craft activities –The Gatherings- help unite families and groups on a creative art project focused on the positive outcome they want from the transition experience
These gatherings are founded by Amy Howard with A Maker’s Studio and I am part of this amazing organization. These art gatherings are structured to bring a group of people together and create at Do-It-Yourself project while sharing life and the table. The art project also includes curriculum you can use to unite the group by asking questions and allowing everyone to share their answers.
When we did this at Talk Shoppe, we had 6 groups of 3 people in each group. When we finished, two of the men commented on the positive nature of this structure. They said it made it easier to engage with one another while creating the project.
Creating focus on positive outcomes and encouraging engagement among the people in the group, is the goal of All Things New. Leah Anne Morse, All Things New (901) 488-9733 www.AllThingsNewWTN.com
1. Leah Anne, you led our business network group at Talk Shoppe in a fun, group craft project a week ago. Take a few seconds and describe the fun gatherings you coordinate for families and groups?
2. How do we contact you?
_____________________________________________________________________
TOPICS COVERED BY JO GARNER, MORTGAGE LOAN OFFICER
1. How can I reduce interest expense and get my debt down without too much pain?
A. Here at Real Estate Mortgage Shoppe, we always advise that you consult with a certified financial advisor about your own specific situation.
Remember the Home Maintenance Checklist for Wealth and Health that we covered earlier in the show?
Here’s a debt reducer checklist:
1. Try to cut the interest on any credit cards that you own. Call the customer service number on the back of the card and ask for the credit card company to lower your interest rate. There is a quote that you may remember—“You have not because you ask not.” The credit card company may say no, but they might say yes too. Find out how far your interest rates can move up and how fast since most credit cards and credit lines are adjustable. The Federal Reserve has stated that they are intending on increasing their rate several times over the next year or two. If the Federal Reserve carries through with their plan, it is likely that the interest costs on your home equity lines and credit cards are ratchet upward as the Fed rates go up.
Be careful about consolidating accounts or closing accounts. Consolidating balances onto one low interest rate credit card may seem to make sense at first, but if this causes your balance to use over 50% of your credit line on this card, the current credit score systems might drop your credit score significantly, even if you are making the payments on time. To keep putting points on your credit score, keeping your usage on that credit line UNDER 30% of the credit limit and ideally UNDER even 10% of the credit limit can bump up your credit scores . For example, if you have a $10,000 credit limit on your credit card, never allow the balance to go over $3,000 during the month. Make your payments on time, of course.
Be careful about closing credit card accounts that are older accounts. Your older credit card accounts showing that you only use less than 30% of the credit line, tend to keep your credit scores high. When your credit scores are high, your cost to borrow tends to be low
2. A great credit score is anything over 740. I really good score is between 720 and 740. An average score is 680 to 700. When your credit scores fall into the 600’s, the costs to borrow tends to go up. The minimum score allowed by most mortgage lenders is 620 to 640.
3. If you discover you have several thousand dollars in debts that are raking you for double digit interest rates that are variable and can go up with very little notice, you may want to look at ways to get that debt at a stable fixed rate.
4. Here’s how Richard and Rena Renner stopped the bleeding from their credit cards in a rather clever way.
5. The Renners owned the house where they had raised their family. Their home was worth about $300,000 and the Renners owed about $100,000 on their first lien mortgage with fifteen years left to pay. Rena had quit her job and borrowed some money on a second-lien home equity line of credit on their home to go into a business partnership. Richard continued working, but Rena’s partnership business ran into money trouble. The Renners found themselves racking up some double-digit credit card balances that was eating them alive.
Finally the business was closed, and there was light at the end of the tunnel for the Renners, but they needed a plan to get rid of the high interest rate debt that kept gouging at their budget every time the interest kept going higher. The Renners owed about $20,000 on their home equity line. They owed about $30,000 on credit cards too. The monthly debt was paralyzing, even though the continued borrowing had stopped.
The Renners compared some financing options. They chose to refinance their current home and pay off the $100,000 mortgage with the fixed 4.5% rate. They replaced the mortgage with a $150,000 loan to include paying off the Home Equity Line of Credit and the credit cards. The new mortgage was a 15 year fixed rate loan with a rate of about 4.75%.
Why would the Renners trade a 4.5% rate for a 4.75% rate? Because, by refinancing to a 15 year FIXED RATE loan, they moved all of their debt into a stable, fixed rate that would not continue to go up and up and up everytime they turned around. The overall principal and interest payment on the original first mortgage had been about $760/month. Paying off the first mortgage, the equity line and the credit cards on one low, fixed rate loan of $150,000 made the principal and interest on that loan about $1,167/month. However, they got rid of the payment on the equity line that had been interest-only of $150/month and they got rid of the more-than $700/month they were paying on the credit cards. The refinance plan saved the Renners over $400 per month on their cash flow. They would still pay their mortgage off in 15 years and no more nail-biting worrying about interest rates continuing to go up.
6. That’s the Renner’s story. What’s your story? Let’s do some comparisons on ways to reduce what you are paying in debt costs. I’ve heard it said that, “It’s free to talk.”
If you have to go back to a 30 year mortgage when you include the paying off of other debt in order to make your cash flow work, we can set up some ways you can pay the mortgage off early that would break the bank. You have to talk with me personally to work with me personally. Call me at (901) 482-0354. You can also connect with me at Jo@JoGarner.com
_____________________________________________________________________
REAL ESTATE TIP OF THE WEEK
(Leah Anne Morse of All Things New 1 to 1.5 minutes to share a real estate related money-saving or time-saving tip): Leah Anne Morse shares time saving tip: To be more organized, and save time, create individual folders for each month of the year instead of a file for each company or organization. Keep receipts in those monthly folders too! Everything for each month is one place and easy to locate. When you organize, you save time. As you organize other things, you save money. When you can locate items quickly, you become happier. Your stress level goes down and you have more time to do the things you love.
_____________________________________________________________________
Talk Shoppe offers free networking & education to anyone interested in real estate or in business. Talk Shoppe meets every Wednesday 9A-10A CT at Pinot’s Palette 8225 Dexter Rd Cordova, TN. This Wednesday right before Thanksgiving, Talk Shoppe invites you to an informal Open Microphone. Share with the business group a little about yourself and what is new or trending in your industry.
Talk Shoppe events are free thanks to advertisers like Mary Lou Nowak, owner of Mid-South Home Helpers. Mary Lou knows what to do when it comes to non-medical assistance to help your handicapped or aging loved one live safely and comfortably in their own home. Give Mary Lou a call at 901 414-9696
Thank you to Lance Walker of Walker Auctions for doing an awesome job as auctioneer at the Talk Shoppe Old Bag Auction to benefit the children and families through the Neighborhood Christian Center. Lance and Terri Walker can sell your home or other items online or in person. Talk with Lance and Terri about selling something for you. www.walkerauctions.com
2. Thank you to Joe Rojas, representative with Quality Title Group. Joe can help you with your title closing if you are buying a home or refinancing one. Call Joe Rojas at 901 289-5821.
3. Happy Thanksgiving to you and to those you love.
4. FOR THIS PODCAST OF REAL ESTATE MORTGAGE SHOPPE AND MORE, GO TO JOGARNER.COM. Subscribe and get your own weekly Real Estate Mortgage Shoppe podcasts with show notes in your inbox. Just subscribe at www.JoGarner.com We will not sell your email address.
5. Real Estate Mortgage Shoppe reminds you that 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 USE FICTIONAL CHARACTERS AND DO NOT REFLECT REAL PEOPLE OR ACTUAL DETAILS IN ANY OF THE SITUATIONS.
_____________________________________________________________________
QUOTE CORNER:
The Home maintenance list reminds me of the only tools you will ever need—Duct Tape and WD40. If it doesn’t move and it should, use WD40. If it shouldn’t move and it doesn’t, use Duct Tape.
Anonymous “I do what the voices in my wife’s head tell her to tell me to do.”
_____________________________________________________________________
REJOINDERS
Eric Eurich, Kaizen award-winning Business Coach with Focal Point Business Coaching (901) 340-9558
Pat Goldstein, Realtor with Crye-Leike in Greater Memphis and North Mississippi
Mary Jane Lessley owner of Signs Now In Memphis Point the way to your business using the right signage or vehicle wraps (901) 368-0784
Transitional Music: “Honey Do List;” Jordan Foster; “Shaving Cream Song,” “The Money Song” Muppets; “Taking Care of Business” by BTO for Talk Shoppe Real Estate For Pros”
_____________________________________________________________________
LEAH ANNE MORSE WITH ALL THINGS NEW
www.AllThingsNewWT.com
(901) 488-9733
Leah Anne Morse of All Things New helps people and families reorganize, down size, and make transitional changes in life easier and happier.
_____________________________________________________________________
ABOUT JERI JEFFRIES OF TIGER PAWS CARPET CLEANING & UPHOLSTERY
I believe in providing a quality service for a fair price and standing behind my work. Honesty has always been my key to success. Additional Organizations where I am involved:
Memphis Restaurant Association, Greater Memphis Chamber, BNI, Food Service Connection, MMHLA
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.
_____________________________________________________________________
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
Jo describes her job description: “As a mortgage loan officer, my job is to give my client the benefits they want from their financing terms– listening to my client and determine what’s of the most value to THEM– What is their comfort level on a house payment, how much are they comfortable paying down, what type of financing do they need to get the house they 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. Whatever their personal priorities are, my job is to put together a mortgage with comfortable terms that will help them achieve their goals.”
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.com Jo is host of Real Estate Mortgage Shoppe and currently publishes on her blog www.JoGarner.com.