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MAKE THE LEAP OUT OF THE COMFORT ZONE AND INTO BUILDING FINANCIAL WEALTH 11-2-13

by | Nov 5, 2013 | Real Estate & Foreclosures, Tips, Tricks & How To's

MAKE THE LEAP OUT OF THE COMFORT ZONE AND  INTO BUILDING FINANCIAL WEALTH 11-2-13


 

Highlights of today’s podcast:

Questions answered by Tom King:

1. Is it too late to call you to appeal my real estate property taxes?

2. What is the difference between a tax appraisal and  a regular mortgage loan appraisal?

3. Is it too late to give you a call this year?

4. How is skydiving similar to doing tax appeals?

 

Questions answered by Jo Garner :

  1. 1.   We’re talking about making a leap out of your comfort zone.  What are some of the rewards your customers have experienced when they have made that leap?

 

There are 3 basic types of Rewards for my customers:

  1. The people who are refinancing their primary residences, 2nd homes and investment properties have been most thrilled when they’ve been able to save several hundred dollars per month by refinancing their mortgage AND, at the same time, they have saved  several thousand dollars by shortening the term of the mortgage.
  2. The people who are BUYING houses have been most thrilled at a mortgage payment that is so much less than the note they had on the smaller house and CERTAINLY much less than a monthly rent payment.

 

 

  1. C.   The first-time homebuyers are thrilled over the special mortgage programs available for them with down payment assistance AND a low payment per month. Talk about having some bragging rights when you buy your house!
    1. 2.    Prices on houses have started to increase and mortgage rates are creeping up.  What is stopping people from taking the leap into homeownership?
      1. The biggest reasons people won’t take the leap is because of bad credit or not enough money to close.
      2. My very capable assistant, Susan Belew and I are trained on the credit simulator systems.  If your credit is in the low 600’s we can usually run it through a computerized simulator to get suggestions for how to get your credit scores boosted the most with the least amount of investment in the shortest time.     There’s An App For That….
      3. As far as money down, there are so many solutions for this but most people don’t readily think of them.   You can sometimes borrow against a 401k , you can get a margin loan against stocks and bonds. You can borrow against another asset, get a gift from family, a cash value on your life insurance, down payment assistance and plenty of other places you can dig for gold.

Real Estate Tip Of The Week: If you are making the leap out of your comfort zone to build your wealth buying real estate, be sure you have an experienced and reputable realtor working with you. And of course you will need an experienced loan officer and probably a closing attorney too.

____________________________________________________

Good morning, Memphis to our IHEART listeners around the country! Drag up a chair and join us around the coffee table. You’re on the Real Estate Mortgage Shoppe program. I’m your host, Jo Garner, mortgage professional with Evolve Bank and Trust.  Also around the coffee table we have Tom King, Shelby County real estate tax appeal expert from King and Vaughn Consulting.  We’re talking about “Make The Leap Out Of The Comfort Zone And Into Building Financial Wealth.”   We want to hear from you. Call us on the air at (901) 535-WREC.

Tom, we’re going to be talking about how to lower your interest costs and how to lower your property taxes …and making a leap out of your comfort zone.  You’ve made hundreds of leaps out of planes with your parachute. We’re going to have some fun today.

Mortgage rates were staying at a low altitude most of the week but after breaking a very long, flat streak really started to go up yesterday with the stronger-than-expected economic data that came out.  30YR FIXED – 4.25%FHA/VA – 3.75-4.0% 15 YEAR FIXED –  3.25-3.375%  5 YEAR ARMS –  3.0-3.50% depending on the lender

If there is someone out there sitting on the fence trying to decide whether to restructure their mortgage terms to pay less interest or cut out some other debt or maybe you’re thinking about buying a home or maybe you’ve been considering buying an additional house or more to build your wealth machine, IF THE DEAL WORKS FOR YOU TODAY, DO IT TODAY.   Step out of your comfort zone. Take a look at some actions you can take to lower your cost and increase your income. Then find experienced professionals to help you.

Rates are almost at a 3 month low and now they’re going up again.  My assistant Susan Belew and I would like very much to talk with you.  You don’t have to commit to closing a mortgage with us. Just let us know what you want to accomplish with your finances today or over the next 5 to 10 years.  You might be pleasantly surprised at how much money we can save you and how much easier it can make your life to restructure your financing.  You can call us on the air at 901 535 WREC.  Or call me directly off the air and we can talk  at 901 482 0354.  Or catch me on my blog at www.mortgageloansblog.com

This past week we closed a loan for client who borrowed about four hundred thousand dollars cash out on his house to reinvest to make a multiple times more than the 3.375% mortgage rate he’s paying on the money.  This is just One example of possibilities outside the box.  Another customer refinanced and paid off some high interest rate debt –got rid of it completely— and still will be able to pay her mortgage off early.

We just locked a loan for a customer Thursday and he simply wanted to lower his mortgage note. We can do that.  Some people want to shorten the term on their mortgages and get rid of it early so they can retire or just enjoy life sooner.

We have the special HARP program for customers and loans that qualify where you don’t even have to have an appraisal value. We have some other programs that do not even require an appraisal at ALL.  We have programs that allow you to get into a home for little or nothing down.  We have credit simulators to help people with border line credit that just need a little help to get their score high enough to purchase the home they want. What is it YOU want to accomplish today or over the next 5 years?  Call me. I want to hear from you.  Even if you think getting to your goal is impossible—call me right now at 901 535 WREC.  Here’s the coolest thing—it may not be Tom or me that can help.   It may be a listener who calls in with an idea or solution.   (901) 535 WREC    That number again to be on the air with us right now is <(901) 535-9732. >

(Jo says)- The late great Thomas Jefferson said, “If you want something you‘ve never had, you must be willing to do something you‘ve never done.”

I never signed up for it but a friend signed me up. Talk about leaping out of your comfort zone- The pressure was on to lose 25 pounds in 3 to 4 months which meant changing my very busy schedule and setting  new priorities with my time, energy and my diet.  Then suddenly after losing the weight, almost all of my clothes were too big.  My fitness trainer, Rita Connally from the YMCA, agreed to take me shopping to buy a new wardrobe. She convinced me, if I was going to buy an entirely new wardrobe, I needed to dress for the next level up in my career and not just for where I am today.  It was a challenge that has taken me completely out of my comfort zone again—but wow, its really exciting to see positive changes.  You can do WHATEVER you put your mind to do –my only advice to you is to put very experienced professionals around you to guide you through the process-whatever the process is for you whether it is buying real estate, starting a business or a different goal completely– Make sure the professionals you have around you care about YOU.  Basketball star Michael Jordan said, “Talent wins games, but teamwork and intelligence wins championships.”

<Tom said something like   Some people don’t even realize they can change their life for the better.  Briefly mention customers who tried to appeal their taxes but failed to save very much if anything. They made the effort and got me to appeal and we were able to save them thousands of dollars>

(Jo) It’s the same way with mortgages.  A mortgage is oftentimes the single biggest debt a person has and yet some people will spend more time at the grocery store trying to determine which brand of milk they want to buy than they spend trying to see how they can better their financial situation by restructuring their mortgage.  Some people spend more time shopping for a piece of furniture for their house than they spend considering how to buy a home to live in or eventually use for rental income. Yes, you might have to step outside your comfort zone, yes you might have to rearrange your priorities for a minute, but with the right professionals around you, there’s almost nothing you can’t do—especially over time.   And you’ll be so glad you did.

Tom, what can I do today to start the ball rolling to lower my real estate property tax?<Tom>

Questions answered by Tom King:

1. Is it too late to call you to appeal my real estate property taxes?

2. What is the difference between a tax appraisal and  a regular mortgage loan appraisal?

3. Is it too late to give you a call this year?

4. How is skydiving similar to doing tax appeals?

 

Questions answered by Jo Garner :

  1. 3.   We’re talking about making a leap out of your comfort zone.  What are some of the rewards your customers have experienced when they have made that leap?

 

There are 3 basic types of Rewards for my customers:

  1. The people who are refinancing their primary residences, 2nd homes and investment properties have been most thrilled when they’ve been able to save several hundred dollars per month by refinancing their mortgage AND, at the same time, they have saved  several thousand dollars by shortening the term of the mortgage.
  2. The people who are BUYING houses have been most thrilled at a mortgage payment that is so much less than the note they had on the smaller house and CERTAINLY much less than a monthly rent payment.

 

 

  1. F.    The first-time homebuyers are thrilled over the special mortgage programs available for them with down payment assistance AND a low payment per month. Talk about having some bragging rights when you buy your house!
    1. 4.    Prices on houses have started to increase and mortgage rates are creeping up.  What is stopping people from taking the leap into homeownership?
      1. The biggest reasons people won’t take the leap is because of bad credit or not enough money to close.
      2. My very capable assistant, Susan Belew and I are trained on the credit simulator systems.  If your credit is in the low 600’s we can usually run it through a computerized simulator to get suggestions for how to get your credit scores boosted the most with the least amount of investment in the shortest time.     There’s An App For That….
      3. As far as money down, there are so many solutions for this but most people don’t readily think of them.   You can sometimes borrow against a 401k , you can get a margin loan against stocks and bonds. You can borrow against another asset, get a gift from family, a cash value on your life insurance, down payment assistance and plenty of other places you can dig for gold.

Real Estate Tip Of The Week: If you are making the leap out of your comfort zone to build your wealth buying real estate, be sure you have an experienced and reputable realtor working with you. And of course you will need an experienced loan officer and probably a closing attorney too.

Jo has two announcements to make:

Talk Shoppe offers free education and networking to anyone interested in real estate or business.   This Wednesday 9 AM to 10 AM Eric Meyers of Mautz Security will be sharing some tips on the latest ways to keep your home and office safe.    Talk Shoppe meets every Wednesday 9A-10A at DeVry University 6401 Poplar Ave 6th floor Memphis, TN    For more information about Talk Shoppe go to www.talkshoppe.biz.

Next Saturday on the Real Estate Mortgage Shoppe program we have Gwen Christiansen of Builders Floors and Interiors again giving us tips on how to get the best floor for your home at below big-box prices.

If you’re looking for fun and some free stuff, The Chocolate and Shopping Show is at Oak Court Mall today (November 2nd ) from 10A-7pm on the upper level.  Carolyn Bendall of the Fashion Academy is holding a fashion show there at noon and a teen fashion show at 2:30pm there at Oak Court.   Its free. You’ll have fun.

Transition Songs:  “Jump” by Van Halen; “Tomorrow” by the Muppets; “Live Like You Were Dying” (the Skydiving Song) by Tim McGraw

About Tom King.   (901) 487-6989  Tom King has been an appraiser in the Memphis area for over 35 years.  He cut his teeth on appraising since his father was an appraiser also.

Tom currently is partner in the King and Vaughan Consulting firm with Deanna Vaughan.  For this company Tom is a certified Shelby County real estate property tax appeal expert. With the new property tax appraisals coming out, Tom is about to be VERY busy.

In his free time Tom likes to sky dive and is VERY experienced at it.   He also lives in the country and has horses.  He is a long-time member of Bellevue Baptist church and very active in the Christmas Tree production.

Rita Connally, professional fitness trainer with the YMCA at Schilling Farms in Collierville, TN 1185 Schilling Blvd E  Collierville, TN 38017
(901) 850-9622

Gwen Christiansen, Builders Floors and Interiors  www.buildersfloorsandinteriors.com

Eric Meyers, Mautz Security Memphis, TN 38122. Office: 901-377-3277. Fax: 901-385-7458 …

 

 

Jo Garner’s Bio

www.MortgageLoansBlog.com  www.MoneyShoppe.NET  (901) 482 0354  jogarner@mindspring.com

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 17 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.BIZ  She is currently the host of the Real Estate Mortgage Shoppe program 9A-10A CDT Saturdays on News Radio AM 600 WREC and IHEART Radio http://www.iheart.com/#/live/2145/?autoplay=true   and currently publishes on her blog www.MortgageLoansBlog.com

For real estate financing solutions, plug into the Real Estate Mortgage Shoppe program.  You can find mortgage rates, FHA Streamline refinance with no out-of-pocket costs, refinancing options, home purchase loan programs, answers and  real estate, money-saving tips and more.