If you can only make small sacrifices right now, let’s look at smart strategies you can use to build your net worth and a better life. Let’s look at how others are finding their way in this new normal real estate market.
What do YOU want to accomplish with YOUR mortgage? Let’s find the exact right mortgage product for you. I can make your mortgage process easy. Contact me directly at 901 482-0354 and at www.JoGarner.com .
Subscribe for weekly Real Estate Mortgage Shoppe podcasts with show notes at www.JoGarner.com
To Your Success, #JoGarner, Mortgage Loan Officer NMLS #757308
Host of Real Estate Mortgage Shoppe
Co-host: #TomKing #memphisappraier Bill King Company (901) 487-6989
#memphismortgage #mortgagestrategies #VALoan #homebuyer #homeseller
#realtor #financialhabits #millionairenextdoor
LET’S GET STARTED…(Jo) (Good morning, Memphis! Welcome to our internet listeners and podcast listeners across the 50 states! . Today is May 25th, 2024. 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 REAL ESTATE WEALTH-SACRIFICE A LITTLE TODAY FOR THE LIFE YOU WANT TOMORROW
Call us while we are live in the studio at (901) 535-9732.
This Memorial Day weekend we remember the sacrifices made by our brave military men and women. Thank YOU for the sacrifices YOU made then so that we can enjoy wealth and happiness now.
Even
INTRODUCING TOM KING OF BILL KING APPRAISAL COMPANY
(Jo) Tom King, our expert appraiser is back in the studio. You have been appraising homes in Shelby, Fayette and Tipton counties in Tennessee. You have spent over 40 years appraising homes, starting out working with your father. Tom, you know about the values on homes in our area, but you also have a clear view of where our market has been and were we are in the new normal today. (TOM KING has about a minute and a half to intro himself and services he offers)
(Jo) As we talk about sacrificing today to have a better life tomorrow, we are probably remembering stories of soldiers and others who made the ultimate sacrifice to save others.
Former Marine, Benjamin Clark Saved Hundreds of Lives By Sacrificing His Own
Louis Lanzon-AP Clark family
Benjamin Clark, a former marine, was serving as a chef on the 96th floor of World Trade Center South Tower on 9-11-2001. When the plane hit the building, he ran TOWARD the danger and not away from it. Reportedly, Benjamin Clark saved hundreds of lives, helping people evacuate. He helped others survive but he did not survive the tragic event.
What do I have to sacrifice to stay in business? -Barbara Corcoran’s Story
Founder of The Corcoran Group & Shark on Shark Tank
Barbara Corcoran had hit the big time owning a real estate sales company several years ago. She was doing well until inflation hit and mortgage rates spiked to over 18%. (and we thought last year our rates were high) She had debts to pay and 400 agents with her company to support. With no other options Barbara Corcoran swallowed her pride and got a day job. Her sacrifice for a little bit was the key to her next business moves which have brought her unbelievable wealth and the life she likes living.
Mary & Maynard Eagen’s story- Acquiring A Home Every Year With Very Little Down
Let me introduce you to Mary and Maynard Eagen (not their real names). Mary and Maynard wanted to be able to retire early and have plenty to of income to enjoy life with their children and one day their grandchildren. They did not trust the stock market and it didn’t really matter anyway because Mary and Maynard didn’t have any money to invest in it. They didn’t have much leftover money at all. How were they going to buy several homes for rental income without a lot of money?
The way the Eagans set out to build their fortune, was to buy a home, move into it and live there for a year or more, then turn that house into a rental home and go buy their next primary residence with very little down. They moved to a new primary residence almost every year, keeping the former home as income-producing rental property. After a while the Eagans owned several rental properties and did not have to pay much down since, each time, they purchased it as a primary residence.
Even if you don’t feel like you can make a big sacrifice right now for a better life, let’s explore ways you can make smaller sacrifices using smart strategy to get you quicker to the life you want. What do YOU want to accomplish with YOUR mortgage? I can help you find the right mortgage product and make the mortgage process easy. Connect with me today at www.JoGarner.com or call or text me at 901 482-0354.
(Jo) Tom King, our expert appraiser from Bill King Appraisal Company, you have your expert ety on our real estate market in the Mid-South. Take a minute or two to start sharing your views of the New Normal Real Estate market we find ourselves in today. (Tom has until 9:15 AM to be continued after 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 Tom King of Bill King Appraisal Company See you guys back in just a moment.
2nd segment 9:18 am – 9:30 am
THE LOOK BACK MEMPHIS TRIVIA CONTEST
2nd segment after 9:15 break: Our Look Back Memphis Trivia Contest is brought to you by notable Memphis historian, Jimmy Ogle. Twelve of his Memphis History lectures entitled Making Memphis – Storytelling by Jimmy Ogle may be viewed by Googling “JIMMY OGLE PINK PALACE”. View at JimmyOgle.com. . The Look Back Memphis Trivia Contest is sponsored by Mike Aukerman, Home Inspector for National Property Inspections. Don’t buy until you check with Mike Aukerman of NPI (901) 674-6868. Mike Aukerman is giving away a $50 gift card to the first person with the correct trivia answer. If you know the answer to our trivia question, call us at 901 535 WREC 901 535-9732.
ANSWER : TOM LEE
QUESTION: What is the name of the hero who rescued 32 passengers from the steamer, the M.E. Norman May 8th, 1925 when the steamer capsized on the Mississippi River at Memphis.
Hint: There is a Memphis park named after this hero
Hint: This courageous hero risked his own life going out into the river in his little skiff boat to save others because he could not swim
Final Hint: This hero’s response to his heroic act was,
“I didn’t do any more than anyone else would have done in my place.”
TOPICS COVERED BY TOM KING, BILL KING APPRAISAL SERVICE
Describe New Normal real estate market in the Mid-South
What do you see people using as smart strategies to buy homes today?
What repairs are common priorities to get completed before listing the home and before purchasing the home?
3rd SEGMENT 9:35 AM-9:45AM)
TOPICS COVERED BY JO GARNER, LICENSED MORTGAGE OFFICER
Today we are talking about heroes and helping them prosper and build wealth. Soldiers are heroes because of what some were willing to sacrifice and what others DID sacrifice to protect our country and our freedom. Later some became heroes to their families because of the decisions they made to buy a house with an affordable fixed-rate Veteran Mortgage. Low-to-nothing down Veteran Loans with affordable payments allowed these families to establish themselves in the community and build wealth over time as the value on their home increased. As a mortgage originator, these veteran stories inspire me. These families and their stories is a big reason I have stayed in the mortgage business for over 30 years. What do YOU want to accomplish with YOUR mortgage? Call me so I can hear YOUR story (901) 482-0354 JO@JOGARNER.COM www.JOGARNER.com
(Jo) Since we are talking about Veteran Home Loans and how military veterans can build wealth buying real estate, I want to share a story about one of my star veteran real estate investors. When John first started out he bought a house in the city where he was stationed using a 100% veteran loan. He put together a plan to get wealthy during his military career moving from station to station buying a house each move and keeping the other homes for rental income.
The challenge that threatened to shoot holes in his life plan was the fact that the more property he bought, the more specialized mortgage products he needed since his VA eligibility was limited to one or two properties. He needed an experienced mortgage loan originator who could continue to come up with additional mortgage loan programs that fit each situation, so he could continue buying properties at terms that would allow him to make money.
It has been a joy and inspiration getting to work with GI John as his mortgage officer. GI John continues to build his real estate portfolio. Since he has done so well with his rental properties, many of his houses are paid off and he no longer has to work. He is finishing up a long military career. Now I see pictures on Facebook of John and his wife regularly on a Carribbean Cruise, on a beach, in the mountains and other exotic places. Thank you, John, for your service to our country. Kudos! to you for making your plan, working your plan, and when the deal worked for you, you did it.
(Jo) My star veteran real estate investor client knew how to break past common myths a lot of veterans get stuck believing, not realizing the gold mine close at hand. But the VA loan is not the only gold mine available. My veteran customer, John, used the low down payment FHA loan, and different one example of myth variations of the conventional loan product—even cash.
Here’s some myths veterans believe about the Veteran Home Loan program that can cause them to miss opportunities.
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You can’t use your VA mortgage eligibility more than once. FALSE
TRUE You CAN use your VA eligibility more than once.
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FALSE The VA mortgage can’t be used to by single-family homes, duplexes, tri-plexes and quadraplexes
TRUE: You CAN use your VA mortgage to buy a single family, duplex, triplex or quadraplex as long as the veteran lives in one of the units
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FALSE The VA loan can’t be assumed by another party subject to the lender’s approval
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TRUE- You CAN allow someone to assume your VA mortgage as long as they qualify through the mortgage company handling your mortgage payments.
Peggy Lau, retired US Navy Line Commander. Currently a representative for Club Seacret, helping you enjoy first-class vacations at bargain prices (901) 289-0747
(recording of Peggy Lau’s testimony of sacrificing convenience to invest in real estate during her military career)
What do YOU want to accomplish with your mortgage? I can make the mortgage process EASY. Let’s test drive a couple of different mortgage programs so you can decide which one will serve you best for your journey. Connect with me at www.JoGarner.com
4th segment following 9:45 am break about 9:48 to 9:56 am
REAL ESTATE TIP OF THE WEEK Tom King has about a minute to share a tip
Jo Garner’s mortgage tip: “A small sacrifice to daily change you habits. If you can form a good habit, then it is no longer a sacrifice to do every day what will bring you prosperity and a better life. “ Jo Garner
If you are ready to buy your first home or your twentieth home, let’s answer this question—Which mortgage strategy will require the least sacrifice to get to my better life sooner?
Let’s discuss what you want to achieve, your comfort level on payments and move in costs. What are the challenges your are experiencing? Let’s find the quickest way to get to where you want to be.
Connect with me, Jo Garner,licensed Mortgage Loan Oifficer, at JoGarner.com (901) 482-0354.
Recommended reading : “Millionaire Next Door” by Stanley and Danko
“Choosing the Best Mortgage-The Quickest Way to the Life You Want” Jo Garner
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 May 22th, 2024 9AM CT
“Speed Networking-Fast Pitch” free to the public. Join us to make profitable business connections and have fun too.
Event Sponsors for the Speed Networking Fast Pitch event:
Talk Shoppe www.TalkShoppe.com
HOTWORX EDGE DISTRICT Camella Rogers
Networking in Action, www.knabbconsulting.com
Power Partners BNI chapter -Ruth Kerr
Talk Shoppe is free to you because of the generosity of volunteers who get to the Talk Shoppe events early and stay late every week to set up the meeting room and take down the meeting room following the meetings Thank you for your sacrifice to make Talk Shoppe’s resources free to our business community : Carlin Stuart, CPA
And Chuck Bohannon, booking agent for Santa Claus HoHoOnTheGo50@gmail.com
3. HAPPY MEMORIAL DAY! CHERISH OUR FREEDOM AND REMEMBER OUR SOLDIERS WHO GAVE THEIR LIVES FOR US TO ENJOY THE BLESSINGS WE HAVE
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:
“The true soldier fights, not because he hates what is in front of him, but because he loves what is behind him.” G.K. Chesterton
REJOINDERS:
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Clint Cooper, Redeemers Group www.redeemersgroup.com (Foundation and Basement repair)
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Troy and Lynn McDonald of Erin McDonald Insurance Agency Home and Auto, Life, Umbrella, Landlord and Renters Insurance (901) 849-7101
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Rick and Jenda Derringer, rock-n-roll legend and real estate investor www.RickDerringer.com
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Transitional Music: “America The Beautiful” Ray Charles; “Some Gave All” Billy Ray Cyrus ; “God Bless the USA ” by Lee Greenwood; 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 TOM KING, APPRAISER WITH BILL KING COMPANY
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?
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 and Noble “Choosing the Best Mortgage-The Quickest Way to the Life You Want”