STEP-BY-STEP TO BUYING & MAINTAINING YOUR HOME

Is owning a home on your bucket list but you have not fulfilled this dream yet? What is holding you back? Does the process seem to daunting ? Today you will get some clear steps for owning your home and handling maintenance on that home.

Let’s stay connected! Subscribe for weekly Real Estate Mortgage Shoppe podcasts with show notes www.JoGarner.com

Host: #JoGarner #MortgageExpert 901 482-0354

Co-host: #EdHill #MastersRoofing 901 273-6534

Talk Shoppe Tip: #BrettCarter #ServiceMasterbyCornerstone 901 832-6005

#homeowner #firsttimehomebuyer #homemaintenance #homemortgage

#stepstohomeownership #homerestoration #roofreplacement #realtor

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 STEP-BY-STEP TO BUYING & MAINTAINING YOUR HOME. Today is December 7th, 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.

Kudos! to the marathon runners and their supporters running to raise money for St Jude Children’s Hospital Consider making a donation to this worthy cause today.

Introducing Ed Hill of Masters Roofing

Our Roofing and Home Maintenance expert is back in the studio. Ed Hill of Masters Roofing, you have been busy helping your customers getting their roof repaired or replaced and a host of other home maintenance help. Check out Ed Hill’s podcasts by googling Memphis Home Maintenance Show Ed Hill. You can also go directly to www.MemphisHomeMaintenanceShow.podbean.com

Special mention of Greater Memphis BNI chapter where Ed Hill and Jo Garner are members. Ed and Jo describe how this networking group, Talk Shoppe and other affiliations provide a ready group of professionals to help homebuyers and homeowners overcome common obstacles.

(Jo) So you want to buy a home or more than one home? Here are some steps successful people have taken to finally reach homeownership.

1. Create a very specific vision for what you want your house to look like. What does the neighborhood look like? Who will be living in the house with you? What must you absolutely have in your house? What do you absolutely NOT want in your house?

2. Create and review your budget. What can you comfortably pay for a mortgage payment each month? What can you comfortably pay down at closing for the down payment and closing costs?

3. Check your credit. You can check your credit free once a year at www.annualcreditreport.com

4. Get with your mortgage officer (I would love to sign up as your mortgage officer) and see what price ranges for homes fit your personal comfort level. We can get you a strong preapproval letter. Go ahead and get the lender your income and asset and other documents they require.

5. Use a knowledgeable, reputable realtor to help you find the house you want and negotiate with the seller, and get you the signed home purchase contract you want.

6. The lender will order title work on the property and the appraisal. You may want to hire a professional home inspector.

7. Once everything is approved, you go to closing.

KITTY KELLERMAN- NOT TO BE DAUNTED OR DISUADED, AGAINST ALL ODDS

(Jo) Anything is possible when you set your head and your heart to accomplish something you want to do. Against all odds and everyone’s advice Kitty decided she wanted to live closer to some very close friends and family and she set out to move here. But challenges she faced was that she lived 4 or 5 states away. It seemed like an obstacle course Kitty would never conquer. But Kitty was determined.

I got a call from her friend, a former mortgage customer of mine. She said Kit was one of the most caring and positive women she had ever met. Her concern was that something was going to get snagged with all of the moving parts to Kitty’s transactions—buying a home here and selling a home 5 states away geographically and then getting everything moved.

Kitty said, “It’s now or never, Jo. With this job opportunity this just came up—it’s achance that may never happen again. If I don’t take this chance now, I feel like the regret will nag at me for years to come.”

Kitty’s friend was right. To know Kitty was to love Kitty. She always believed the best in people and it seemed to me like people stretched to be the best professionals that Kitty believed them to be. There were plenty of us on her team—the realtor selling her current home so geographically far away, the realtor helping her with the purchase of her new home here, our mortgage team, the attorneys at the title closing offices, the movers and more.

Kitty did run an obstacle course, trying to track down needed paperwork, negotiate repairs to be done on one of the houses, get furniture moved from the place where she had been living Never once did Kitty lose her bright and sunny outlook. As much as I wanted to meet this delightful lady in person, the entire mortgage transaction was completed electronically.

What do YOU want to accomplish with YOUR mortgage? I have the knowledge and experience. Let’s look at traditional mortgage products, alternative mortgage products and even combinations of products. I can help you get you what you need and make the mortgage process EASY. Jo Garner, Mortgage Loan Officer 901 482-0354 www.JoGarner.com

(Jo) Ed Hill of Masters Roofing, you have a lot of experience that can teach us the steps we need to take to maintain repairs on our home Please take a couple minutes to launch into topics until 9:15 break. We can continue 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 Ed Hill of Masters Roofing and Brett Carter of ServiceMaster by Cornerstone will be calling in with some steps you need to take to protect your home from disaster.

2nd segment 9:18 am – 9:30 am

2nd segment is after 9:15 break from about 9:18Am to 9:30 AM break

 

LET’S TALK SHOP—TALK SHOPPE’S BUSINESS TIP FOR REAL ESTATE PROS:

^2nd segment after 9:15 advertising break – (producer to start the song “Taking Care of Business” by Bachman Turner Overdrive –but bring the volume down on queue) 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. Talk Shoppe is made possible by the financial support of its sponsors and advertisers. For more about Talk Shoppe, go to www.TalkShoppe.com (shoppe) For our Talk Shoppe Business Tip today we have Talk Shoppe sponsor Brett Carter of Servicemaster by Cornerstone. When you have a fire, flood or biohazard in your home or office, don’t go it alone, call Brett Carter at Servicemaster by Cornerstone. Brett, you truly help people restore their homes after a disaster like the disaster never happened. Thank you for the work you and team have been doing in Florida and North Carolina. What is our Talk Shoppe tip today?

(Brett takes about a minute to share a tip related to dealing with disasters in the home)

Brett Carter of ServiceMaster by Cornerstone, how do we contact you? 901 832-6005

TIPS for how to handle a flooding disaster after it happens.

TOPICS COVERED BY

ED HILL OF MASTERS ROOFING IN MEMPHIS

STEP BY STEP EXTERIOR HOME-MAKEOVER

Ed Hill, Senior Consultant, Masters Roofing

Host, MemphisHomeMaintenanceShow.Podbean.Com

Whether you have just purchased a home or want to improve the appearance of your home for your own enjoyment or to prepare it for the real estate market, there are a few things you can do outside that will dramatically enhance curb appeal and pride of ownership.

1. Replace the entire roof with a new roof. Now is the time to upgrade the quality of the roof and change the color scheme of the entire home! This makes the biggest impact.

2. Re-paint or recover all previously painted exterior surfaces. The combination of a new roof and a new exterior delivers a stunning transformation for any home.

3. Plant new ornamental landscaping on the front and sides of the home. Try different shrubs, flowers, trees and boundaries than the kinds in place now.

4. Raise the canopy of the trees around your home. A professional arborist can properly remove dead or diseased trees and prune limbs to make your home more visible.

5. Re-sod the front yard with a lush green turf that would rival the best golf courses in town. Nothing says “We love our home” like a beautiful, well-manicured lawn!

6. Update and add to exterior lighting with landscape and security lighting to enhance both the beauty and the security of your home.

7. Install a new six inch custom-made gutter system in a color specifically paired with your new roof and exterior colors. This has an amazing effect!

8. Pressure wash or replace existing concrete, brick or stone driveways and walkways. When these are cracked, stained or worn they detract from your home’s beauty.

For free advice or possible referrals to professionals that can assist you in your home-makeover, call Ed Hill directly at 901-273-6594. Also, listen free anytime, anywhere to

MemphisHomeMaintenanceShow.Podbean.Com . Ed also offers free, friendly, expert, honest roof inspections, roof estimates, help with insurance storm damage claims and roof design showroom tours by appointment in the Memphis region. Learn more on social media at

#EdHillMastersRoofing and #EdHillTheHappyRoofer

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^3rd SEGMENT 9:35 AM-9:45AM)

TOPICS COVERED BY JO GARNER, LICENSED MORTGAGE OFFICER

1. Improving Your Credit Game to Gain Yourself a Lower Mortgage Rate:

When mortgage rates recently started a rapid climb upward, some of my clients were still out house shopping and could not lock their rate on a standard program. When the seller finally accepted their home purchase offer, rates had moved away from where they had been originally.

Benton and Baily were disappointed that their payment would be a little bit higher since the mortgage rates had jumped higher. Benton and Bailey had a longer time than usual until they were contracted to buy the house.

The answer for them was to somehow improve their credit score. By paying down their credit cards to show they were using less than 30% of their revolving credit limits, their score would like increase 15 to 20 points, just enough to put them in a much better price level for their mortgage. The higher their credit score, the lower their mortgage rate. The lower their mortgage rate, the lower the payment. Life would be much happier enjoying that lower rate.

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.

Betty Bercoff

“My husband took care of the finances. When he suddenly died, it was up to me to survive on my own.”

Life was good for Betty Bercoff and her husband. They trekked through their routine of going to work, coming home to share about their day over dinner. They enjoyed time with their friends and neighbors who would come to visit. The Bercoffs had downsized to a smaller home with less to clean and repair, and a little low maintenance landscaping to eliminate the back-breaking yard work of their previous years.

Betty’s husband took care of the finances, and Betty took care of the cleaning, cooking, and making their house a home.

When Betty’s husband suddenly passed away, she was plunged into a world utterly foreign to her. She still worked her job. She got help from friends … and she began taking stock of her financial situation. Her husband had left her with a small life insurance policy that did not pay off the mortgage, but it did give her time to make a budget and rearrange her spending habits.

Just as it looked like smoother roads were ahead, the Great Recession hit … and she lost her job. Even after finding a part-time job, the income was small. Her heart ached for her husband to be there to help her. She felt like a failure when she had to declare bankruptcy, but at least she was able to save her house.

Betty Bercoff was not a quitter. She knew she was a survivor. She got a second job and, over time, rebuilt her credit. She and her little dog Barkley were living sparsely but making it. Then the heating system went out in her house. The repairman told her it would cost her about $8,000 to replace it, requiring a home improvement loan that would crush her budget. That is when she called me to see if she could do a cash-out refinance to pay for the heat to be fixed.

“It takes less than 30 days to close a cash-out refinance,” I told her.

Unfortunately, it was already winter and too cold to wait that long. Betty took the home improvement loan with the whopping big payment. Meanwhile, she and I worked together to get approval for her cash-out refinance with the home improvement loan added to the refinance loan.

Because of the amount she had already paid down on the existing mortgage and the lower interest rate she got on the refinance, her new payment with the two loans together was LESS than what she had been paying before. Betty not only survived this setback, but she also TRIUMPHED.

Private loans from individuals and Hard Money loans can be a source of funding for real estate properties. Most of the time the borrower wants to refinance to more favorable terms within six months to a year when using hard money loans.

Hard money lenders usually provide funds for a short time with a high-interest rate. The advantage of hard money is a quick closing in one or two weeks as compared to a month with traditional financing. Hard money lenders usually finance both the home purchase and the renovation and repair costs.

4^th segment following 9:45 am break about 9:48 to 9:56 am

REAL ESTATE TIP OF THE WEEK

Ed Hill’s tip

It it is free to learn by listening to Ed Hill’s podcast—Memphis Home Maintenance Show you can find it by googling Memphis Home Maintenance Show

Jo Garner’s mortgage tip

I believe you can do ANYTHING in life you want to do if you buy real estate right, take care of it and pay off the mortgage. Do this multiple times and you can do even MORE in life. Homes have increased in value over 800% since 1967. We saw exceptional increases in home values over the last four years. If you can buy your home, pay a little extra to get rid of the mortgage sooner, your house id

Are you short on funds to buy a home? There are assistance programs out there for first-time homebuyers and people who are NOT first-time homebuyers too. Are you having a hard time documenting enough qualified income for your mortgage lender? There are some solutions to get over that challenge. What does your credit look like? There are steps you can take to clear up credit too.

What do YOU want to accomplish with YOUR mortgage? I have the knowledge and experience. Let’s look at traditional mortgage products, alternative mortgage products and even combinations of products. I can help you get you what you need and make the mortgage process EASY. Jo Garner, Mortgage Loan Officer 901 482-0354 www.JoGarner.com

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 Independent Planning Group’s conference room 110 at Clark Tower 5100 Poplar Ave 1^st floor Memphis, TN

(Thank you Manny Corless and Ben Hunter of Independent Planning Group for being Talk Shoppe’s location sponsor)

Go to www.TalkShoppe.com and click the Events tab for the link to get into the event online. This Wednesday December 11, 2024 9AM CT Business Coach Keith Potts of Evolve Business Coaching will be presenting “Survive or Thrive in 2025”

Talk Shoppe could not offer the free educational networking events free to our community without some very giving sponsors.

Thank you to Talk Shoppe sponsor Mark McLaurine of Refrigeration Unlimited, the expert in heating and air-conditioning repair and replacement Call Mark McLaurine at 901 216- 7782

Talk Shoppe is free to you because of the generosity of our sponsors like Genell Holloway of Eagle Hollow Enterprises. If you are trying to get signed up for your health care or medicare benefits by today’s deadline, call Genell right now at 901 653-5323 Genell truly cares about what is best for you when it comes to your health benefits.

Jack’s Challenge to You for the Holidays

The late Jack Redden was a retired, licensed mental health counselor. Every holiday season, he would ask the people in our networking meetings, “ Who do you know who is going through a hard time this holiday? Who do you know who will not be able to celebrate Christmas with their family? Invite them to coffee. Be the friend that person needs. You may never know this side of heaven the positive difference you will make.”

Now you have received Jack’s Challenge.

1. 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:

“ Be not afraid of going slowly. Be only afraid of standing still.” Chinese Proverb

“Faith is the first step you take even if you can’t see the staircase.” Martin Luther King Jr

 

REJOINDERS:

1. 1. Lynn and Troy Mcdonald Erin McDonald Insurance Agency 901 849-7101

   2. Taylor Morse of Cartridge World of Collierville, TN 901 853-3230

   3. Craig Jennings of Avalon Capital (temporary hard money loans) 901 417-8427

Transitional Music: “The Climb” by Miley Cyrus; “Step by Step by Whitney Houston; “Whatever It Takes” by Imagine Dragons ; “Taking Care of Business” by Bachman Turner Overdrive for talk shoppe business tip

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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 ED HILL OF MASTERS ROOFING

Ed Hill has been in the residential roofing industry since 2008 and has been Senior Consultant with Masters Roofing Memphis TN since 2010.  He has personally assisted about 800 homeowners with roof replacement and many others with roof and exterior repairs.  He is an active member of the Greater Memphis Business Network International chapter and is the official Masters Roofing consultant to TPC Southwind.  He holds three earned degrees including a doctorate but tries not to let those get in his way of serving his customers!  For free roof advice, free inspections, and free estimates and bids for roof replacement or roof repair call Ed Hill at 901-273-6594. Learn more at #EdHillMastersRoofing and at MemphisHomeMaintenanceShow.Podbean.Com

Ed Hill, Senior Consultant

Masters Roofing

2845 Stage Center Cove

Bartlett TN 38134

901-273-6594

EdHill.MastersRoofing@gmail.com

 

 

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ABOUT JO GARNER-MORTGAGE LOAN OFFICER:

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”