LET’S GET STARTED…(Jo) (Good morning, Memphis! Welcome to our internet listeners and podcast listeners across the 50 states! . Today is December 23rd, 2023. Call us in the studio while we are live at 901 535-9732.You’re on Real Estate Mortgage Shoppe. I’m your host, Jo Garner, Mortgage Loan Originator. You can connect with me at www.JoGarner.com. Our general topic: HEARTH AND HOME-COMFORT IN THE MIDST OF CHANGE-2023
Thank you to the sponsors of this episode of Real Estate Mortgage Shoppe, real estate attorneys, Rob Draughon and Shelley Rothman of Griffin, Clift, Everton and Maschmeyer. For your home purchase or refinance call Rob Draughon and Shelley Rothman at 901 752-1133.
On Real Estate Mortgage Shoppe today we will be sharing stories of how people have made life and the holidays happy in the midst of change.
INTRODUCING TOM KING, BILL KING APPRAISALS
Tom King, our expert appraiser, is back in the studio looking all festive and Christmasy. Tom, you have helped a lot of home buyers and sellers this year who are in the midst of change. Tell our listeners a little about yourself and what you do for your clients. Share an example of how a happy hearth and home story in the midst of change. (Tom has about 1.5 to 2 min to share his information, services he offers and an example of a real estate appraisal customer’s successful experience with change)
(Jo) One of the greatest gifts to homeowners was the Homeowners Loan Corporation that Franklin D Roosevelt put in place in 1933 to help prevent Americans from losing their homes to foreclosure during the Great Depression. Today that program has evolved into Fannie Mae and Freddie Mac, the biggest mortgage buyers in the nation. Fannie Mae and Freddie Mac’s system, the United States is the only country in the world that offers homebuyers the chance to enjoy a fixed mortgage rate for 30 years!
In an environment where landlords continue to raise rents every year, the fixed-rate 30-year mortgage, offers the homeowner, peace of mind, a hedge against inflation and a wealth-building tool. This mortgage gives the homeowner a monthly principal and interest payment that NEVER CHANGES.
Here are some other gifts that bring wealth and happiness to homeowners:
APPRECIATION- One of the advantages of OWNING your own home is that feeling of financial security when you realize historically real estate has enjoyed long term, stable APPRECIATION (normally about 3% to 5% annually, even though we saw a dip back in the Great Recession years and a spike upward in appreciation during the pandemic years. In addition to property values trending upward, remember that each time you make a payment on an amortized mortgage, you pay down your mortgage balance, giving you an even bigger slice of equity ownership in your property. (Tom King makes a comment here)
TAX BENEFITS –There are still quite a number of tax benefits for homeowners and rental property owners too. Check with your tax advisor on the best way to take advantage of tax breaks on your home and your rental property.
READY SAVINGS ACCOUNT- Unlike rent, when you make payments on your mortgage, the balance that you owe on the loan goes down and the amount of the value in the house that belongs to you goes UP slowly or quickly depending on the values of homes in your area and depending on the amount you pay to reduce the principal balance of the loan.
Several of my mortgage customers, once they have built up quite a bit of value in their home, they take out a 2nd lien credit line loan to buy income-producing rental property. Later they get a fixed rate mortgage on the rental property and pay off the credit line so they can use it again to buy more rental property and so on.
These investors use their 2nd lien credit line that is secured on their home to gradually acquire more and more income-producing assets. Before too long, they don’t have to work a job anymore. The income-producing properties are earning passive income for these investors. SWEET!
Other clients have used their equity in their homes to help fund college for kids or for unexpected home improvements. Some of my self-employed clients have used the 2nd lien credit line for investment in their businesses.
ROOTS- When you own your own home, you tend to integrate into the community where you make friends as close as family. You enjoy friendships and the support of neighbors and other associations
(Tom King, Bill King Appraisal Company offers his observations about the benefits of owning a home and even gives examples of what he is seeing today with home buyers and sellers and people refinancing or anything Tom wants to share-about 2 min)
You’re on Real Estate Mortgage Shoppe. I’m your host, Jo Garner, licensed mortgage loan originator. What do YOU want to accomplish with your mortgage? I can make the home purchase or refinance EASY for you. Connect with me at www.JoGarner.com When we come back, you will be hearing more from Tom King of Bill King Appraisal Company and a few more callers. See you back in just a moment.
LET’S TALK SHOP—TALK SHOPPE
2nd segment is after 9:15 break from about 9:18Am to 9:30 AM break
It’s time to talk shop with Talk Shoppe’s Business Tip For Real Estate Professionals. Talk Shoppe is a supportive community, helping businesses Equip through education, Engage through networking and Empower through marketing. Thanks to the financial support of it’s sponsors, Talk Shoppe is free to attend every Wednesday 9AM Central time. For more about how YOU can plug in visit www.TalkShoppe.com
Our Talk Shoppe Business Tip today is sponsor Donna Roach of Hearthside Senior Living in Bartlett, TN. Donna I know from having a family member at Hearthside that you are dedicated to help others and make the holiday season memorable in SO MANY positive way. Donna Roach of Hearthside Senior Living, what is our Talk Shoppe Business Tip for Real Estate Professionals today?
Donna presents her Tip:
To book a tour of Hearthside Senior Living or just talk with someone knowledgeable about your options, contact Donna Roach at 901 266-3329
TOPICS COVERED BY TOM KING, BILL KING APPRAISAL COMPANY
Tom talks about the types of appraisals he is doing this time of year.
Tom’s insights on our housing market conditions locally.
Tom shares a positive story of a homeowner or home seller and the advantage of home ownership
(3rd SEGMENT 9:35 AM)
Introduces some callers on Hearth and Home -Comfort in the Midst of Changes
Genell Holloway, owner of Mid-South Home Helpers (non-medical assistance for your loved ones to remain comfortably and safely in their own home) Genell’s company, Mid-South Home Helpers, has been comfort in the midst of change for several of our listeners. Contact Mid-South Home Helpers at 901 414-9696
“One of the greatest privileges we at MidSouth Home Helpers have is to help people stay in their home during a difficult time.
We have a lovely couple who want to be at home in their happy place. They were returning home from the Thanksgiving holiday and were unfortunately involved in a near death auto accident. Running off the road into a ravine and meeting a tree head on was not part of their plans. However, this unfortunate accident happened and the found themselves needing more assistance after a hospital stay and then a rehab stay while they recover from their injuries. And MidSouth Home Helpers was able to step in to make life easier for them to return home. What a blessing to be able to make a difference in the lives of those with whom we can provide non medical home care wherever they choose to call home.”
Sherry Harbur, Realtor with Harbur Realty offers her book Senior Housing Road Map book free to anyone who requests it. We have featured Sherry Harbur and her helpful book on an earlier Real Estate Mortgage Shoppe show. Great reviews on your book, Sherry.
Contact Realty Sherry Harbur at 901 496-8193
Troy and Lynn McDonald of Erin McDonald Insurance Agency can help you get the best coverage and the best service at an affordable price. Make sure you have the important things insured to protect you from loss. Troy and Lynn tell the story of their newly wed customer who bought an expensive engagement ring for his soon-to-be fiancée. Contact Lynn McDonald at 901 849-7101
Cathy Faust, retired from Shelby County Ag Center. Cathy and her family were happy in the Memphis with many long-standing friends over multiple decades. But, for the last few years they had family and their grandchildren living in Arizona. This year Cathy and her husband made the leap to buy a home and move to Arizona to be near their grandchildren. This is their first Christmas in their NEW Hearth and Home in the great state of Arizona.
Cathy talked about her mortgage journey with me and my team. It was a pleasure for my team member, Merri Rowland and I to be on the mortgage journey with Cathy and her family buying the beautiful home in Phoenix, AZ
Merry Christmas, to the Faust family!
Suzan and Brent David have lived and served in the Memphis area for many years. They are true believers in celebrating Christmas in their home with family and friends and making music with their favorite instruments guitars banjos, and the ukelele. Suzan is a web page designer with www.webandstorymedic.com
Suzan David shared a long-standing Christmas tradition that started when their children were young to make sure the children understood the true focus and meaning of Christmas.
Each year they set up a nativity scene at their home and wrapped the Baby Jesus as a gift. The first gift the family opened was the Baby Jesus. They read the Bible story in the book of Luke –the Christmas story.
Ed Hill of Masters Roofing in Bartlett called in to wish everyone a Merry Christmas. He is available for a free consultation for people needing a roof repair or replacement or exterior repairs done on their home. Taking care of your hearth and home brings comfort and a good return on your investment
4th segment following 9:45 am break about 9:48 to 9:56 am
REAL ESTATE TIP OF THE WEEK -Tom King (about 1 min or 1.5min)
Jo Garner’s mortgage tip: Mortgage rates have dropped down significantly since October 26, 2023 (today is December 9th, 2023) If you have been sitting on the fence, waiting for rates to come down, consider jumping off the fence today. If you wait until everyone else is running out to try and buy a house, you are going to be in for some stiffer competition. Call me or text me today and let’s explore the best financing options for you, so you are looking your best when you start making offers to buy your next home. I can make the mortgage process EASY for you. It’s easy to get started. Call or text me at 901 482-0354. Or connect at www.JoGarner.com
TALK SHOPPE TIP FROM DONNA ROACH OF HEARTHSIDE SENIOR LIVING
(ABOUT 1 TO 1.5 MIN)
ANNOUNCEMENTS FROM SPONSORS:
Talk Shoppe offers free networking & education to anyone interested in real estate or in business or in health and wellness. Talk Shoppe meets every Wednesday 9A-10A CT at Concorde Career College 5100 Poplar the 1st floor in the Memphis Clark Tower and also on zoom. Go to www.TalkShoppe.com and click the Events tab for the link to get into the event online. This Wednesday December 27th, 2023 Talk Shoppe will not be meeting.
However, there is something very important that you can do with that time. Before he passed away several years ago, retired counselor Jack Redding would challenge us at Talk Shoppe with a question. Now I pass Jack’s Challenge on to you. Who do you know right now in your circle who is alone this holiday or someone who is going through a difficult time? Invite that person out for coffee. Spend some quality moments with this person. Be the friend they need. You may never know this side of heaven what a positive impact you can make.
Talk shoppe could not offer the free networking, education and marketing to our business community without the financial support of the sponsors. Thank you to Brett Carter of ServiceMaster by Cornerstone for being present at meetings and for your financial support Equip, Engage and Empower our local businesses. Brett Carter of ServiceMaster by Cornerstone can help YOU restore your home or office back like new following a fire, flood, or biohazard. Don’t go it alone, call Brett Carter at ServiceMaster by Cornerstone at 901 832 6005.
Thank you to Darlene Kemp of Vista Points for your contribution to Talk Shoppe and our business community in 2023 For setting up your special needs trust, contact Vista Points at VistaPoints.org.
Subscribe to get weekly Real Estate Mortgage Shoppe podcasts with show notes at www.JoGarner.com
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.
LEGAL STUFF: 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 AND NOT AN OFFER TO LEND.. 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 :
Pinterest- “Dear Santa,
I’ve been good all year,
Ok most of the time,
Well, once in a while
Forget it, I’ll buy my own stuff”
Chuck Bohannan, Santa Claus at HoHoOnTheGo50@gmail.com
Kelly Inman of Next Day Access (getting grab bars, wheel chair ramps etc to give more access) 901 258-2626
Rob Draughon and Shelley Rothman Griffin, Clift Everton and Maschmeyer Law Firm 901 752-1133
Transition Music: “First Noel” by Elvis Presley ; ; “Run Run Rudolph” by Chuck Berry; “Christmas Canon” by Transiberian Orchestra ; “Taking Care of Business” By Bachman Turner Overdrive t
PICK UP YOUR COPY OF “CHOOSING THE BEST MORTGAGE-THE QUICKEST WAY TO THE LIFE YOU WANT” by: JO GARNER
An essential guide for real estate professionals and their customers.
Now on Amazon and Barnes and Noble
ABOUT TOM KING, REAL ESTATE APPRAISER
Tom is a well- respected and sought after appraiser in Memphis, Tennessee. He is a second generation appraiser with 40 years of 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 appraising real estate for pre-listing sales, cash buyers, divorce settlements, estate settlements. (901) 487-6989
ABOUT JO GARNER-MORTGAGE LOAN OFFICER:
WHAT DO YOU WANT TO ACCOMPLISH WITH YOUR MORTGAGE?
(currently working with Cardinal Financial Company, Limited Partnership NMLS #66247 equal housing opportunity 2645 Appling Rd 102 Memphis, TN 38133 ) Online loan application https://online.cardinalfinancial.com/#/p/apply/jogarner
www.cardinalfinancial.org for licensing info www.nmlsconsumeraccess.org/EntityDetails.aspx/company/66247 “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 grew up in West Tennessee and got her start in real estate 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 Pick up Jo Garner’s book on Amazon or Barnes and Noble “Choosing the Best Mortgage-The Quickest Way to the Life You Want”