Let’s strengthen the THREE habits that will protect you through weather fair or foul . I will share some examples of how I have seen my mortgage customers build wealth and happiness over time. Clint Cooper of Redeemers Group will talk about how fair and foul weather can damage your house foundation and how to solve the problem.
What do YOU want to accomplish with YOUR mortgage? I can help you find the right mortgage program and make the process EASY. Contact me at 901 482-0354 or at www.JoGarner.com
Subscribe at www.JoGarner.com for weekly Real Estate Mortgage Shoppe podcasts with show notes.
To Your Success!
Host #JoGarner #MortgageExpert NMLS# 757308
Co-host #ClintCooper #RedeemersGroup (foundation repair)
LET’S GET STARTED…(Jo) (Good morning, Memphis! Welcome to our internet listeners and podcast listeners across the 50 states! . Today is January 27th, 2024. 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: Keeping your House & Your Financial Foundation Strong Through Weather Fair & Foul –2024 . Thank you to real estate attorneys Rob Draughon and Shelley Rothman of Griffin, Clift, Everton and Maschmeyer Law Firm in Memphis for sponsoring this episode of Real Estate Mortgage Shoppe. When you are ready to buy a home or refinance one, call attorneys Rob Draughon and Shelley Rothman at 901 752-1133 to take care of your closing.
Today
INTRODUCING CLINT COOPER OF REDEEMERS GROUP (Foundation Repair)
We have Clint Cooper of Redeemers Group sitting in the co-host chair. Clint Cooper, people in the Memphis area see you on television talking about how you can solve our home’s foundation and crawlspace problems. Redeemers Group has made the top 5000 companies according to Inc Magazine. You are definitely doing a lot of things right. (Clint has about a minute and a half to introduce himself and talk about the services he offers. )
(Jo) Lessons We Can Learn From the Story of The Three Little Pigs
(Jo) Clint, the more we talk about the foundation where our houses sit, the more I think about how important it is to build a solid financial foundation to keep us protected and comfortable, even when the wind and rain are blowing. Most all of us grew up listening to the story of the three little pigs. It was a children’s tale about three little pigs who set out to build their own home where they could live in a good place and be safe from the hungry wolf.
The two youngest little pigs wanted to spend most of the day playing and having fun. They chose the quickest and easiest method of building their home using straw and wood. The older little pig, on the other hand, put a lot of effort into collecting bricks and constructing a brick house.
When the hungry Wolf came to the door of the two younger little pigs, he only had to huff and puff to blow their houses to the ground. The two little pigs ran as fast as they could to the older little pig’s house to seek shelter. The hungry wolf huffed and puffed put could not blow down the solid brick house. That house was solid and secured on a solid foundation.
The moral of the story? Here’s one lesson: keep your friends close in case stormy weather or a hungry wolf is chasing you. The other lesson is to plan and work hard. Over time, build a solid foundation for your finances by paying off debts, regularly socking back money into your rainy day fund. Invest in things that build in value and bring you passive income while you sleep. One day when the hungry wolf comes to your door, he will not be able to push down the sturdy walls on your strong foundation
(Clint comments here ?)
As a mortgage loan originator for over 30 years, I have been on the homebuying journeys of hundreds of families and even helped them refinance and restructure their finances with a mortgage. Later in the show I want to share with you some of their success stories.
Here are three common patterns people followed who built wealth and happiness over the course of time.
-
They made a plan and worked daily toward the vision of what happiness looked like to them.
-
They spent less than they earned. These people regularly invested a portion of their income in things like stocks, bonds and real estate that generally went up in value and created a growing passive income for them.
-
They invested in giving a regular tithe to their church or donations to favorite charities, and they invested quality time with their loved ones.
To sum it the three common wealth-building habits: #1. Plan, #2. Invest, #3.Give.
You may be thinking, “it is too late for me. I’m too old.” A wise person said, “ The best time to plant a tree was 30 years ago. The second best time to plant a tree is RIGHT NOW.” It’s not too late to start building on your financial foundation.
Clint Cooper of Redeemers Group can talk about both how to build a solid financial foundation, but, Clint, you are the expert on how we can keep the foundation under our houses solid and safe.Clint Cooper has about 3 minutes or until 9:15 am break to begin launching into some of his topics.
OUTRO: You’re on Real Estate Mortgage Shoppe. I’m your host, Jo Garner, Mortgage Loan Originator. What do YOU want to accomplish with YOUR mortgage? I can make the mortgage process EASY for you with the right mortgage. Connect with me at JoGarner.com When we come back we will be hearing more from Clint Cooper of Redeemers Group -home foundation repair. See you back in just a moment.
2nd segment 9:18 am – 9:30 am
Our Look Back Memphis Trivia Contest is sponsored by Mike Aukerman, Home Inspector with National Property Inspections Before you buy, call Mike Aukerman at NPI- National Property Inspections (901) 674-6868 Mike is giving away a $50 gift card to the first person with the correct trivia answer. If YOU know the answer, call us in the studio at (901) 535-9732..
QUESTION: What is the address of the tallest building in Memphis, TN?
ANSWER : 100 N. Main Memphis
Memphis’ tallest building at 430 feet actually ranks eighth in terms of height among Tennessee buildings
The building dates back to 1965 and was once home to the Tennessee Club on the building’s upper floors. Despite, being one of the smaller high-rises within the state nowadays it did hold the distinction for being the tallest building in Tennessee from 1965 to 1970.
It is still significantly taller than its Bluff City counterparts including the nearby Raymond James Building (403 feet) and historic Sterick Building (365 feet).
Developers are planning to convert this building into a mixed-use tower by 2027.
TOPICS COVERED BY CLINT COOPER, REDEEMERS GROUP
CLINT’S TOPICS
Homes with conventional foundations.
Why these homes stay colder during cold season.
How a properly treated crawl space or basement can impact your utility bills.
The effect all this water has on the soil.
Saturated soil leads to foundation and concrete failure.
What can be done to combat wetness and moisture.
3rd SEGMENT 9:35 AM-9:45AM)
TOPICS COVERED BY JO GARNER, LICENSED MORTGAGE OFFICER
STORIES OF PEOPLE WHO BUILT A FIRM FINANCIAL FOUNDATION, EVEN IN THE MIDST OF A STORM
Late one afternoon I picked up my phone and it was Mr. Jones on the other line. He told me his wife had just passed away after a lengthy illness. She could not work and Mr. Jones had to cut back on his work to care for his wife. When the income dropped in their household, he said he had no choice but to start using credit cards and now was paying over 15% interest and the owed balances kept compounding higher because he could only pay the minimum payment. He also told me they had amassed mountains of medical debt.
He and his wife had paid down their mortgage over the years and only owed about 25% of the value. The mortgage payment was really high though, because they had refinanced it a few years ago to a short 15 year term, hoping to have the mortgage paid off before they retired. The mortgage payment in Mr. Jones’ situation, was choking the life out of him.
We looked at several scenarios and Mr. Jones decided on this one:
He refinanced his mortgage back to a 30 year term with a lower fixed rate to get the payment as low as possible. He rolled the biggest part of the credit card debt, especially the cards with the exorbitantly high interest rates. By consolidating his high debt payments all into his new 30 year mortgage by refinancing, he lowered his monthly payment several hundred dollars per /month.
Mr. Jones then set up a small monthly payment plan with the medical collection companies. He used some of the savings from refinancing his mortgage to wipe out even more debt. Now he was seeing light at the end of his tunnel.
Brenna and Brandon Bothem—A Better Life on a Budget but not Without Roadblocks
Brenna and Brandon were renting and paying more and more each year to the landlord . With rent rates soaring around the country with no end in sight. They sought advice from a realtor, their mortgage officer and a financial advisor.
Before Brenna and Brandon started shopping for houses, they charted every expense over the last six months, listing the expense in designated categories. To reduce their expenditures without giving up their quality of life, the two of them thought outside the box for ways to find what they needed at bargain prices. They talked with friends about bartering some services to avoid having to pay cash for them. They found ways to enjoy movie night at home with friends instead of going out to eat and to a theater. It turned out to be more fun meeting a home with friends than everyone driving to a restaurant and the to a theater or other event.
Before too long, Brenna and Brandon had a hefty emergency fund. They set up for some automatic bill-paying services. They agreed to give to their church and charity 10% of their earnings. They ask their employers to take another 10% of their earnings to go straight to a 401K retirement account and savings. The other 80% of their funds, they paid their bills and, each month they concentrated on paying off their credit cards. The pain and frustration they felt when they started budgeting turned into a swelling sense of confidence. The Budget project was becoming fun, like a game they were winning.
Brenna and Brandon had a clear vision of what they wanted their life to look like. They also had a clear vision of what their budget looked like so the house they purchased was NOT their dream home. “We can make it beautiful,” Brenna told the realtor. “It is just the leverage we will need one day when we move up to our dream home,”Brandon stated hopefully. The house was a little smaller than they originally wanted but they planned to finish out the area above the garage for Brenna to have a small studio. Brandon would have the garage to work on projects.
WALLACE WINTON’S STORY-TEAM AND TENACITY TO POWER HIS PLAN
Several years ago, Wallace Winton (not his real name), worked hard at a job to provide for his family. Every day as he worked, he yearned for a life he could see in his mind, but was financially way out of reach. Wallace started attending a local real estate investment association and became friends with some of the investors there. One night he heard a very successful real estate investor speak at one of the meetings. He put some experienced people from his network on his team and jumped out to buy 4 homes that year, all of those homes earning a positive cash flow. Over the first 7 years, Wallace put a plan in place and acquired 55 rental properties, some of them fixer-uppers that he renovated and kept for income. He had so much income that he no longer had to work a job.
There were bumps in the road to his success, though. Wallace was suddenly slammed with a serious illness that forced him to pull away from buying real estate and just rest and recover for a couple of years. The real estate market crashed. Financing dried up. Then the market spiked again.
Wallace tenaciously stuck with his plan, tweaking it to adjust to what the real estate market was demanding at the time. With his association with the right real estate professionals and the smart use of his resources, Wallace powered through with his plan and, today he and his family are enjoying their abundant harvest.
4th segment following 9:45 am break about 9:48 to 9:56 am
REAL ESTATE TIP OF THE WEEK – Clint Cooper shares a tip about the importance of getting a foundation professional to inspect and advise on anything that appears to be a problem with the foundation on your home. If you see cracks forming on the floor or walls, doors or windows that become hard to open and shut are signs that are signs that you may have a problem with your foundation Act right away because it could be a lot more expensive.
Jo Garner’s mortgage tip: Start now making sure your credit and credit scores are looking their best. You can get a free credit report from each of the three big bureaus. Check for errors. Keep owed balances on revolving accounts like credit at low usage levels. When you keep your credit in good shape, you can take advantage of opportunities like buying a house or car. When the deal is good, you can move forward quickly without having to stop and work on your credit first.
Connect with me at (901) 482-0354 Jo@JoGarner.com www.JoGarner.com
ANNOUNCEMENTS:
Talk Shoppe equips with education, engages by offering connection opportunities between business people and empowers businesses in a supportive community. Talk Shoppe meets every Wednesday 9A-10A CT at Concorde Career College 5100 Poplar Ave 1st floor Memphis, TN (Clark Tower).
Go to www.TalkShoppe.com and click the Events tab for the link to get into the event online. This Wednesday January 31st 2024 9AM Ct Join other business people for Talk Shoppe’s Dial Into Your Destiny Discovery Mixer. Get acquainted with new people and discover resources to build your business. Also sponsored by SCORE in Memphis
Talk Shoppe events are free thanks to sponsors like Peggy Lau of Club Seacret. When you want to make positive memories with friends and loved ones, Peggy can show you how you can take first-class vacations at a bargain price. Talk To Peggy Lau at 901 289-0747
3. Thank you to Donna Roach of Hearthside Senior Living in Bartlett, TN. Hearthside Senior Living strives to bring the spirit of your own home to their assisted living community, where there is freedom within the security of loving guidance and compassion Contact Donna Roach of Hearthside Senior Living in Bartlett, TN to explore YOUR assisted living options. 901-651-2503
Annoucement from Talk Shoppe’s location sponsor-Concorde Career College in Memphis, TN
February is American Heart Month. To promote heart health, HipHop4Life and United Clinical Research are aiming to break the world record for the most blood pressure checks in one day on Friday, February second in Memphis. Concorde Career Colleges is pitching in to help them meet their goal. Concorde is hosting blood pressure checks from eleven a.m. to three p.m. on their Memphis campus at fifty-one-hundred Poplar Avenue. The event continues at the FedEx Forum that night during the Memphis Grizzlies game. HipHop4Life is giving away one thousand dollars to one lucky participant. Blood pressure is a key indicator of hypertension, a risk factor for heart disease. Know your numbers! Be sure to stop by Concorde’s Memphis campus at fifty one hundred Poplar avenue, Friday, February second for your blood pressure check!
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: “ You can’t build a strong building on a weak foundation.” Gordon Hinckley
“And so rock bottom became the solid foundation on which I rebuilt my life.” J. K. Rowling, author of the Harry Potter series, went from being in poverty to being one of the richest people in the world.
____________________________________________________________________________________
REJOINDERS:
-
Leah Anne Morse of All Things New 901 488-9733 Organizing Your Move and Help You Move and Set Up Your New Home
-
Genell Holloway, Eagle Hollow Enterprises (901) 270-1127 health benefits and medicare consultant
-
Reverend Jo Rook Huggins, Director of Healing and Wellness Ministry at Church of the Harvest Olive Branch, MS.
Transition Music: “I Feel The Earth Move” Carole King; “Thunder” by Imagine Dragons; “Standing on Solid Ground” by Sydney Barnes; “Memphis” by Johnny Rivers for the Look Back Memphis Trivia Contest
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 CLINT COOPER, owner of REDEEMERS GROUP
-
Clint was born and raised outside of Nashville, TN and is a graduate of MTSU.
-
He served in Iraq with the Marine Corps Infantry before returning home to Tennessee to live and work in Memphis.
-
In Nov 2007 he started Redeemers Group.
During his time with Redeemers Group, Clint has published several articles on his areas of expertise. Most recently his first book entitled “Mold Prevention Science” was published and is used by entire the Basement Systems and Foundation Supportworks’ network of dealers to help them communicate with their clients about mold and mold prevention. He teaches CE classes for Memphis Areas Association of Realtors several times per year.
He has also earned the following certifications and licenses:
-
Basement Systems Waterproofing Certification
-
Basement Systems Crawl Space Repair Certification
-
Foundation Supportworks Diagnostics School Certification
-
National Association of Mold Remediators and Inspectors License
-
Blue Institute- LEED Training Certification, Member ID#:
-
Green Building Council, Certification
-
TN State Board for Realtors CE Authorized Instructor
Clint lives in Germantown, TN with his wife and two children.
_________________________________________________________________
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 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”