MAKING IT WORK WORKING FROM HOME-TECHNICAL & FINANCIAL SOLUTIONS Sat Aug 24th, 2024 9AM CT on News Radio AM 600 WREC 92.1FM iHeartRadio
#Host #JoGarner #MortgageExpert (901) 482-0354
#CoHost #CindyBelk #ComcastBusiness (901) 412-0632
Also featuring #ChuckBohannon, booking agent for #SantaClaus] HoHoOnTheGo50@gmail.com
Listen live. Subscribe for weekly Real Estate Mortgage Shoppe podcasts and show notes at www.JoGarner.com
LET’S GET STARTED…(Jo) (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 Originator. You can connect with me at www.JoGarner.com. Our general topic MAKING IT WORK WORKING FROM HOME-TECHNICAL & FINANCIAL SOLUTIONS. Today is August 24th, 2024 Call us in the studio while we are live at 901 535-9732.
This episode of Real Estate Mortgage Shoppe is sponsored by real estate attorneys Rob Draughon and Shelley Rothman of Griffin, Clift, Everton, Maschmeyer Law Firm. For title work and closing on your home purchase or refinance, call Rob and Shelly at 901 752-1133.
INTRODUCING Cindy Belk of Comcast Business
(Jo) In the studio for the first time, we have Cindy Belk of Comcast Business in Memphis, TN. Cindy, you have been coming up with technical solutions for 25 years with Comcast Business. You recently shared some of your wisdom and resources at Talk Shoppe. If our listeners today are working from home or considering moving your office to your home, stay tuned to get some ideas on the latest technology available to help you save money, time and will help you enjoy working remotely or from your home. Cindy Belk of Comcast Business, take a minute or so and introduce yourself and tell us about some of the services you offer your clients (Cindy has about 1 min to intro yourself and share the services she offers her clients)
(JO) How many of our listeners work from home? The pandemic along with technology has ushered in the work-from-home model as the new norm. It has emptied out commercial office buildings and caused major changes to how people want to live in their homes.
ETHAN, THE ENGINEER WORKING FROM HOME
Ethan was an engineer who designed parts for equipment. His life before 2020 was getting up and driving the 45 minute commute to the office each week day all day and then making the long commute home again.
In 2020 Ethan’s company sent him home with a computer and passcodes to log into the company system to do his work. At first Ethan set up his make shift office in the living room of his house. That didn’t work. There were too many distractions and background noise. He moved his office to the guest room. This worked for a while but not when his sister and her family came to visit and needed the guest room
Ethan had to make a decision.
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Could he remodel his current home and add an office space? How much would this cost? Would his subdivision covenants and restrictions allow him to add the extra square footag Yes, but he would have to build very close to a utility easement. That would be a disaster. If he wanted to remodel his home, he could get a cash out refinance on his home or he could use a variable rate equity line of credit as a 2nd mortgage .
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Ethan met with his realtor to look at selling his house and buying another home that would have the office space he needed. If he bought a different home, he could use the profit from the sale of his old home to pay down so that the payment would be low on the new loan to buy the other home.
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Ethan talked with his realtor and some family members. In a few years he might need to move his mother in with him to care for her. The old home only had one bedroom and bathroom downstairs. Since he needed an extra space for his office at home and might one day need more than one bedroom down stairs, Ethan chose to sell his current home and buy a home more suitable for his current and future needs. Good for Ethan thinking ahead!
Frankie and Frances-work from home with Multi-Generation Family
After 2020 Frankie and Frances decided to bring the matriarch of the family home from an assisted living facility and care for her under the same roof. Frankie worked part time at home and Frances worked full time at home. Their current home would not accommodate their new life style.
Mom had some money she could contribute to helping Frankie and Frances on buying a bigger home. Frankie and Frances sold their home and took the profits to put down on the new home. The large down payment made the loan amount lower and the payment too. The new home had a common area upstairs close to the stairs which looked down into the first floor den. Frankie and Frances set up two desk with computer hook ups so both could work from home and still have room for a guest room and a separate living area for mom.
Make your plan. Let’s work your plan. If the deal works for you today, let’s do it today. It’s easy to get started. Call me or text me at 901 482-0354. We can find the very best mortgage program to help you and make the mortgage process easy. Connect with me at JoGarner.com
Cindy Belk of Comcast Business, you have helped so many families get the best technical options when they need to work remotely or work from home (Cindy Belk has about 2 minutes or so to start launching into her topics until the 9:15 break)
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 Cindy Belk of Comcast Business . We have another special guest who will be joining us.
2nd segment 9:18 am – 9:30 am
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 marketing company offering free education and networking to anyone interested in real estate or in business or health and wellness. Talk Shoppe is made possible by the financial support of its sponsors. For more about Talk Shoppe, go to www.TalkShoppe.com (shoppe) For our Talk Shoppe Business Tip today we have sponsor , the one and only Santa Claus from the North Pole. Santa Claus has some tips of us today on our topic of working from home. He has been working from home for CENTURIES. Santa, you work from home but you kind of like spending time at parties and special events in the Mid-South too. You have always liked making time with loved ones positively memorable. What is our Talk Shoppe Business Tip for Real Estate Pros today?
How do we contact your booking agent, Chuck Bohannon? 901 619-6436 hohoonthego50@gmail.com
TIP: Locate your office in a place in your home that is quiet and secluded, away from distractions so you can focus more easily on your work.
TOPICS COVERED BY CINDY BELK OF COMCAST BUSINESS
Cindy Belk
Sr Business Account Executive
Mobile: 901-412-0632
Email: cynthia_belk@comcast.com
6060 Primacy Pkwy Ste 300
Memphis, TN 38119
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Things to consider before building a new home or buying a new home. I tell people all the time that internet service providers are not like Field of Dreams. We do not build infrastructure in open fields and wait for people to come. We need people to come and then we will do our research to make sure it makes good business sense to build it. Not doing your research ahead of time or contacting a local representative with the ISP of your choice, puts you at risk of moving into your new home and not having a reliable internet connection with sufficient bandwidth to perform your job duties timely and efficiently.
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Differentiators between residential and commercial services.
*We prioritize business customers over residential customers when there are service outages. For business, response time we strive for same day or next day. Residential could be 4-5 business days. The reason for this is that businesses are losing money for every minute their services are down.
*Security Edge and Connection pro available for business customers. Will explain what those products are and the benefits. (protecting your companies business information from Spyware, Worms, Fileless Malware, Botnets, Ransomware, etc.) Unlike common antivirus software installed on desktops and laptops (McAfee, Norton Lifelock, Bitdefender)
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Other products we offer – Comcast Business Mobile/Xfinity Mobile (phones, tablets, watches) Bring your own device, trade in offers and promotions available if customers want to purchase new devices. Only able to provide 20 devices per customer. Savings up to 75% over our competitors. Partnering with Verizon so using their cell towers but do have priority access to those towers. Hosted VoIP phone systems
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3rd SEGMENT 9:35 AM-9:45AM)
TOPICS COVERED BY JO GARNER, LICENSED MORTGAGE OFFICER
Moving to the Country But Still Need the Internet Hook Up to Work
LEAVE THE CITY AND ITS COMFORT ZONE TO MAKE A NEW LIFE IN THE COUNTRY-VICTOR AND VERA VOSSEN’S STORY
Victor and Vera Vossen leaned into each other as they sat together on the swing on their front porch. It was a rare moment to relax and enjoy watching the sunset from their farmhouse in the country. The Vossens admittedly were city folks. But their dream of being self-sustaining and making a profit living on their rural homestead took shape shortly after the pandemic. Victor’s employer allowed him to start working from home. Vera was already running her business from home, even when they lived in the big city.
As they sat on the porch swing, Victor and Vera reflected on the lessons learned when they left the city for life in the country. Within the first month of living in the rural farmhouse, their dream seemed to be turning into a nightmare. The Vossens were unprepared to continually evict the family of mice who kept munching on food in the pantry and other valuable items the mice chewed to shreds. They did not realize how many Do-It-Yourself skills they would need to learn when Murphy’s Law moved in. They didn’t want to move back to the city and admit to their friends that they had failed.
The Vossen family didn’t fail. Today Victor and Vera sipped their tea on the porch swing and reveled in the satisfaction that they conquered many trials and mistakes. They were living their dream of fresh air and living well in the country.
Here are some of the areas of research and preparation the Vossens did before selling their condo in town and moving to the woods:
Victor and Vera used a team of professionals who were knowledgeable about rural properties. They asked about a water source, land that would perk for septic purposes. They wanted some woods and space for gardening. Vera wanted a protected area for her egg-laying chickens. Other considerations were the distance to work (when Victor had to drive to a job occasionally,) schools, grocery, church, and other services they would need.
The realtor was familiar with values and classification, zoning, covenants, and restrictions . The Vossens wanted to know what commercial enterprises they could operate on some of the acreage to help them pay for their home.
The Vossens chose a lender who knew how to structure the financing on a rural property. Then, they chose a home inspector, and well and septic inspector too.
They used a surveyor because they had to survey several acres and separate the few acres around the house from the rest of the acreage to meet the lender guidelines. The Vossens hired a home repair contractor for to make some changes to the house.
Victor and Vera had been researching rural living for a couple of years before moving out of the city. Mother Earth News Almanac and the Farmer’s Almanac were stacked around their home and a few Foxfire books too. Even though the Vossens were living within a 30- minute drive to the city, they still wanted to learn how to be independent of modern gadgets and conveniences as much as possible. Vera watched the movie Big Little Farm, which inspired her to help her through the obstacles.
They celebrated each time they learned a new skill—like fixing the tractor, keeping the mice out of the house, and keeping the internet working in the house.
They remembered the pros of living the rural life, and they learned to compensate for some of the cons of living outside the city.
Pros: You get to enjoy the quietness and peacefulness of living outside the noisy city. You get to hear the birds sing and smell the fresh air.
You get to treat yourself and your family to outdoor entertainment like bonfires and gardening, hiking, and riding three-wheelers on the trails.
Saving money is an advantage to living outside the city if you plan it right. You don’t eat out so often and aren’t in town every day to spend money. Also, property taxes are lower in the country.
Cons: The internet can be slow, which usually happens when you need it most.
Required extra costs to get access to internet service
You need to plan for trips to town to do business errands and get supplies. Power outages take longer to fix.
It takes longer to get services from contractors and other professionals. When something breaks, you need to know how to fix it.
It is a longer drive to hospitals, stores, and work if you don’t work from home.
Common financing programs rural land and home buyers use are :
USDA Rural Housing, (we talked about earlier in this show)
Commercial Bank loans,
Private loans
Construction-to-Permanent loans
Renovation and Repair Loans
Most of the time home buyers use the standard conventional 30 year fixed rate mortgage to buy the land and the home or they will do a construction loan to build their home and then I would provide the 30 year fixed rate loan to pay off the construction loan. If the home buyer is buying 20 or 100 acres and the house, we usually get a survey of all of the land and parcel out the house and the five acres around the house so that the transaction still qualifies as a standard home loan. This allows the homebuyer to get a low, fixed rate loan amortized over 15 to 30 years. Normally five to ten acres and the house works for the standard Fannie Mae and Freddie Mac low interest rate loans.
Other types of financing—NOT the standard Fannie Mae or Freddie Mac loans—–are shorter term loans from the local bank . Terms on these loans usually require about 20% to 30% down payment with a fixed rate for the first 5 years. Not the greatest terms, but these loans are more flexible especially when there is a lot of acreage or when part of the property is being used to run a commercial business.
If you are considering buying a home or building a home, let’s explore the best way for you to finance your project. Call me after this show at 901 482-0354 or connect with me at www.JoGarner.com You can get more information about private loans and commercial bank loans, construction loans, renovation and repair loans in my book Choosing the Best Mortgage-The Quickest Way to the Life You Want on Amazon or Barnes and Noble
The pandemic has set some new trends in the way we live and the way we think. In the mortgage and real estate world we have seen a trend of families selling the house in the city and moving to the country. This move from the city to the country has been encouraged by employers allowing their employees to work remotely from home. For other families the key to their move the equity they realized when they sold their house. They had the money to buy land and a house further away from noise, traffic and crime.
With the 100% USDA Rural Housing Program, you can enjoy little to nothing as a down payment and affordable monthly payments The upfront and monthly fees are less than those on other programs, and the USDA is more forgiving on low credit scores. There are income guidelines but USDA allows higher income than some of the other income restricted programs.
Other financing options.
Commercial loans
Equity Lines of Credit
Conventional/FHA/VA/USDA loans for a home purchase or cash out refinance on a different property to provide funds for buying the home you want to purchase
Private lenders/Hard Money Lenders
What do YOU want to accomplish with YOUR mortgage? Make your plan. Work Your Plan. If the Deal Works for your today, Let’s do it today. Call me at (901) 482-0354 or email Jo@JoGarner.com
4th segment following 9:45 am break about 9:48 to 9:56 am
REAL ESTATE TIP OF THE WEEK
Cindy Belk have about 1.5 minutes to share a real estate tip: If you are considering creating an office in your home or buying a different property to work remotely or from home, check into the types and quality of internet services where you are moving and putting your office.
Santa Claus HAS A 1 MIN TIP tip from Santa: Love what you do!
Jo Garner’s mortgage tip : The laws for realtor commission agreements changed today. Sellers have a choice to agree to pay the buyer’s agent commission or not pay it. This leaves the responsibility on the buyer to cover their agent’s fee.
If you are a homebuyer and you want to do everything possible to celebrate a smooth real estate closing, HIRE A REALTORTO REPRESENT YOUR INTERESTS!
The realtors I have spoken with seem to believe sellers will be willing to pay the buyer’s realtor commission as a rule. Just in case they don’t, it will be up to you and your buyer’s agent to negotiate for the sellers to pay your agent’s commission in the purchase contract.
Buyer’s agents are worth their weight in gold. They can save s agents are worth their weight in gold. They can save you heartache and money on a transaction that will more than earn what they are paid.
Connect with me, Jo Garner,licensed Mortgage Loan Officer, at JoGarner.com (901) 482-0354.
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 August 28thth, 2024 9AM CT
www.talkshoppe.com/upcoming-events
This Wednesday August 28th, 2024 9AM CT “the Mastermind Principle based on the book Think and Grow Rich by Napoleon Hill”
Talk Shoppe is free to you because of the generosity of our sponsors like Peggy Lau of Club Seacret. Peggy is a retired US Navy line commander and still loves traveling the world. She can show you how to take good quality vacations and enjoy them at a bargain price. Contact Peggy Lau at 901 289-0747.
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Thank you to Reverend Jo Rook Huggins, Director of the Health and Wellness Ministry at Church of the Harvest in Olive Branch, MS. Reverend Jo supports the people in our real estate and business communities. Connect with Reverend Jo at Jo@JoRook.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.
6. subscribe today for weekly podcasts with show notes at www.JoGarner.com
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: “Am I working from home, or living at work?” Amazon
“My cell phone is acting up. I keep hitting the HOME Button, but when I look up, I’m still at work.” Dreamstime
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REJOINDERS:
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Clint Cooper of Redeemers Group www.redeemersgroup.com (foundation and crawl space repair)
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Genell Holloway of Eagle Hollow Enterprises (help with health benefits and medicare and more_ (901) 270-1127
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Attorney Preston Wilson, Probate, Bankruptcy, Asset and Trusts) preston@prestonwilsonlaw.com
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Transitional Music: “
Transitional Music: “Stand” by REM; “I’m A Hard Working Man by Brooks and Jones; “Home” by Roger Miller; “Taking Care of Business” by Bachman Turner Overdrive for the Talk Shoppe Business Tip For Real Estate Pros
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 CINDY BELK, COMCAST BUSINESS
LOCAL Sr Business Account Executive with Comcast Business
Results driven sales professional with over 35 years of experience in the telecom industry.
She was a business owner for 25 years and has been with Comcast Business in sales and management roles for the past 10 years.
Studied at Memphis State University with a major in business and applies her knowledge of business, in-depth sales strategies and exceptional presentation skills to help her customers choose the best products that fit their needs.
Outside of work, she enjoys networking, meeting new people, traveling, hiking, boating and relaxing on the beach while spending time with her husband of 27 years and her only son. If you are interested in connecting with Cindy to learn more about the topics we discuss today, you can call her at 901-412-0632 or email at cynthia_belk@comcast.com
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 Everitt Financial dba Supreme Lending)
ONLINE LOAN APPLICATION : https://jogarner.supremelendingLO.com
“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 helping her clients find the right mortgage program and making the refinance or home purchase mortgage process EASY. She offers conventional, FHA, VA or other loan programs for primary residences, second homes and investment properties.
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 30 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 30 years.
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
Noble “Choosing the Best Mortgage-The Quickest Way to the Life You Want”