You canconnect with me at www.TNRDHomeLoans.com. Our general topic is PREPARE & PROTECTTHOSE YOU LOVE -SOME WISDOM FROM THE MASTERS WITH YOUR FINANCES,INSURANCE, & IN A HOME DISASTER. Subscribeto get Real Estate Mortgage Shoppe podcasts with show notes atwww.TNRDHomeLoans.com Call us whilewe’re live today December 7^th,2019 at (901) 535-9732.

When an unexpected disaster strikes your home, wouldn’t you experience some relief and contentment knowing you were prepared to play a leading role in protecting your family? Join us during this episode of Real Estate Mortgage Shoppe as the masters of insurance and our home disaster restoration expert share some tips on how to avoid and mitigate fire and water calamities in your home. I will be sharing some tips and stories from the mortgage desk on ways some of my past clients have prepared themselves when the unexpected hits the stage.

INTRODUCING TROY AND LYNN MCDONALD, ERIN MCDONALD INSURANCE AGENCY

Inthe studio again we have Troy and Lynn McDonald of Erin McDonaldInsurance Agency. They are well-known for delivering homemadechocolate cookies to celebrate with homebuyers at their closing. Troy and Lynn, you have modeledexcellent customer service for other business people for years atTalk Shoppe. Please take the spotlight and tell our listeners alittle about yourselves and what types of insurance products youoffer your clients. (Troy and Lynn introducethemselves and list some of the types of insurance products theyoffer)

INTRODUCING BRETT CARTER, SERVICEMASTER BY CORNERSTONE

Also,in the studio again we have Brett Carter, of ServiceMaster byCornerstone. Brett, we have heard some great reports about yourfirst-class service in disaster restoration from people in our TalkShoppe networking group. Even Andy Wise of Wise Choices, gives youtop billing when it comes to your service. Take a moment andintroduce yourself and share with our listeners some of the servicesyou offer your customers. (Brett has about 45seconds to introduce himself and list some of the services he offershis clients)

(Jo)We have a very special guest –a very wisemaster and mentor—who will be arriving at any time in the studiotoday. He has traveled further than any guest we have ever had onReal Estate Mortgage Shoppe—from a very faraway galaxy.

Speakingof space travel and gravitational time warps, the new Star Wars movieis coming to town in a week or two. The Star Wars movies draw us intothe fights and plights of fictional heroes as they battle their owncatastrophes. We can relate to the challenges, courage and redemptionthat the Jedi Knights experience, even though our own may be theloss of a loved one, a crushing divorce, health issues or adevastating financial disaster. Tragedy can define who we are in theway we respond toit—whether we give in and give up or we rise to the occasion.

Asa mortgage loan officer for over 25 years, I have had a close- upview of some of my customers’ stories over the span of decades. Ihave to agree with some of the financial gurus on four top habits youcan form to prepare and protect your loved ones financially

1. Create an emergency fund that can cover you through a financial disaster.

Some experts suggest that you take a designatedpercentage off the top of any income you make so it automaticallygoes to an investment account that isn’t easy to access

1. Set up a budget that works but that allows for a few fun things too. Stay accountable to someone to help you work a plan to get tomorrow what you cannot afford today.

Some experts suggest keeping your monthly house note,including taxes and insurances and association fees 25% to 31% orless than your gross income. Some of these experts suggest neverallowing your total monthly debts, including the house not to exceed38% to 43% of your gross income.

1. Monitor your credit and keep your credit scores as high as possible. The higher your scores, the lower your borrowing costs.
2. Reevaluate your financial situation and look for ways to lower borrowing costs and bring more joy to your home.

(Thewise master greets our audience and gives a wise quote about theimportance of preparation and protection-about 30 seconds)

(Jo)Troy and Lynn McDonald of Erin McDonaldInsurance Agency, share with us some wise insights when it comes togetting the most protection for the least costs on home insurance.

Troyand Lynn McDonald share some of their topics until we take a break at9:15 AM

You’reon Real Estate Mortgage Shoppe. I’m your host, McKenzie Mortgage RD Loans, MortgageLoan Officer. What do YOU want to accomplish with your mortgage?Make your plan. Let’s work your plan if the deal works for youtoday, let’s do it today. Connect with me at www.TNRDHomeLoans.com When we come back you will be hearing more from Troy and LynnMcDonald of Erin McDonald Insurance Agency and Brett Carter ofServiceMaster by Cornerstone.

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^2ndsegment after 9:15 break:. The Look Back Memphis Trivia Contest is sponsored by John andJennifer Lawhon of Lawhon Landscape (901) 754-7474 the Lawhon’s canhelp you plan your landscaping if you have a BIG, BIG project or asmaller project or you can do the big project in phases . The Lawhonsare giving away a $25 gift card to the first person with the correcttrivia answer. If you know the answer to our trivia question, callus at 901 535 WREC 901 535-9732.

Whoam I?

Hint1: Iam a movietheatre chainthat has remained family owned and operated for over one hundredyears.

Hint2: Ithas been led by four generations of the same family.

Hint3: The company has 33 theatre locations with over 340 screens in six states(including Arkansas, Kentucky, Louisiana, Mississippi, Missouri and Tennessee).

WhoAm I?

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Moreabout Malco Theaters from Wikipedia: MalcoTheatres’ history began during World War I when Morris A. “M.A.” Lightman, Sr., (known as M.A.) the sonof Hungarian immigrantJoseph Lightman, left his hometown of Nashville,Tennessee,and went to ColbertCounty, Alabama,to work on the WilsonDam projectas an engineer. Although he held a degree in engineeringfrom VanderbiltUniversity,he thought of himself more as a showman and entertainer. Lightmandecided it was time to try something new one day while in NorthwestAlabama, when he came upon a long line of people waiting to get intoa local theatre. He decided he wanted to operate a movie theatre.Lightman traveled to Atlanta wherehe had made a contact in the theatre business and sought to learn theart of movie exhibition.

Uponhis return two months later to Northwest Alabama, in February 1915,Lightman formed The Sterling Amusement Company and opened his firsttheatre in a storefront he had rented in Sheffield,Alabama.Lightman named this storefront theatre “The Liberty Theater”,and later opened a 400-seat theatre, “The Majestic” acrossthe river in Florence,Alabama at204 North Court Street, in August 1919. Lightman opened a thirdtheatre in the area before accepting an offer from another localtheatre owner to buy out his theatres in the area. In return,Lightman received a 50 per cent stake in a theatre in NorthLittle Rock, Arkansas.

Afterleaving Northwest Alabama, M.A. partnered with his father, a stoneconstruction contractor, to build the Hillsboro Theater in Nashville,Tennessee. They opened the Hillsboro on May 18, 1925, with the D.W.Griffith film America.Three months later, Tony Sudekum, founder of Crescent Amusement Co.,opened a competing theater at the opposite end of the same block. Thecompetition with Sudekum forced M.A. and his father to close theHillsboro Theater. The theater was used as a live production venue,including as a temporary home for TheGrand Ole Opry,for many years until being converted back into a cinema and renamedthe BelcourtTheatre in1966 by a new group of owners.^[1]

Theformer Hillsboro Theater is still standing today and is operated by anon-profit organization as an independent art house. M.A. Lightman,Sr. left Nashville in 1926 after the Hillsboro failed and went toNorth Little Rock. Joseph Lightman died in 1928, in Nashville. Hispassing was covered on the front page of the Tennessean.

Itwas in North Little Rock that Lightman partnered with M.S. McCord andM.J. Pruniski forming the Malco Amusement Company. They beganbuilding a theatre chain by buying and building single screen cinemasthroughout Arkansas.

InSeptember 1926, Malco Amusement Company took on two more partners,W.F. McWilliams and L.B. Clark, in ElDorado, Arkansas.This led to the formation of Arkansas Amusement Enterprises, Inc.with a total of 32 theatres in Arkansas with locationsincluding LittleRock,North Little Rock, Camden, Hope,Not long after the formation of Arkansas Amusement Enterprises,McWilliams and Clark left the partnership and bought the five ElDorado locations from the company.

In1929, Arkansas Amusement Enterprises became Malco Theatres, Inc. Thisis also the year that the company startedinstalling Vitaphone and Movietone equipmentto add sound for the first time in their theatres.

MalcoTheatres began acquiring cinemas not only in Arkansas but also inWest Tennessee, Louisiana, Northern Mississippi, Western Kentucky,and Southeastern Missouri. It was in 1929 that Malco Theatrespurchased its first location in Memphis,Tennessee,the Linden Circle Theatre.

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TOPICSCOVERED BY BRETT CARTER, SERVICEMASTER BY CORNERSTONE

1. Preventing pipe bursts infreezing weather

2. What to do to preventwater damage if your pipes freeze

3. The number one thing youcan do to prevent a major water disaster while you’re out of townduring the holidays.

4. Top tips for avoiding andmitigating fires in the home

5. What to do to avoid andmitigate mold

6. What are some of the advantages your customers enjoy from workingwith ServiceMaster by Cornerstone?

7.

Wise master makes a comment during Brett’stopics

ABOUT TROY & LYNNMCDONALD, ERIN MCDONALD INSURANCE AGENCY

QUESTIONSANSWERED BY TROY AND LYNN MCDONALD:

1. Talk about some of the common ways you save your customers money on their homeowners insurance. Bundling and finding multiple opportunities to add discounts to the plans. The more coverage you have with an insurance company, the more discounts on your premiums you can enjoy. Also, when you have claims, the insurance company is less likely to drop your insurance coverage because you have multiple types of coverage with them.

1. What is bundling? What kind of difference can bundling insurance coverage make on the overall price of insurance?
2. Water claims—what is covered under insurance and what is not covered?
3. Why you want a water mitigation team and why urgency is important?

1. What about an umbrella policy? What does it cover? How much does it costs? The umbrella policy protects you over and above what your regular policy does not cover. For instance, if you have a $1,000,000 umbrella policy, you may be able to save a lot more money on your regular homeowners policy and care insurance because you can buy coverage with a larger deductible, making those policies a lot less expensive. In case of an incident, the umbrella can pick up what the other policy does not cover. Using the combination of regular homeowners and car insurance with the lower priced higher deductibles, saves you enough money to easily pay the umbrella policy.
2. When do you need a vacant house policy? What risk do you take if you do not have vacant
3. What to DO and NOT DO when it comes to buying your insurance and filing a claim? DO NOT call the 1-800 number when you are asking about a claim. In many cases, even if no claim is paid or needed, it can still show up as a mark against your record as if you actually filed a claim. DO call your personal insurance agent to inquire about whether you should file a claim. Your insurance agent can help keep your record clean if there is no reason to actually file a claim.

(WiseMaster appears here with words of wisdom)

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TOPICS COVERED BY JO GARNER, MORTGAGE LOAN OFFICER

1. How to protect your credit score and your identity-

1. Check your credit once a year at www.annualcreditreport.com Check all 3 credit bureaus at Equifax, Transunion and Experian. The government laws allow you one pull per year. Check for errors and accounts that do not belong to you. Report anything erroneous. Try to keep your revolving credit card owed balances under 30% usage on each credit line to help your credit score. Stay away from 12-months-same-as-cash accounts. The higher your credit scores, the lower your borrowing costs.
2. To protect your identity and credit, the credit bureaus give you the option to freeze your credit or have your credit activities monitored to protect against identity thieves.

1. Emergency Funds-fuel to power through the unexpected- Earlier in the show we were talking about the personal financial gurus you read about in books or see on TV or online. Many of them list as top priority sticking with a system of putting money in an emergency fund. Some believe that if you have a stable job with regular pay, the minimum amount to have for emergency is 3 to 6 months worth of living expenses. A full years worth of living expenses has been suggested for someone self-employed.
2. Set up a budget program and stay accountable to someone to adhere to it. For example, if you can manage it, direct 10% of your income to automatically get invested in your retirement account or other savings for emergencies. If you enjoy the fruits of being a giver, you can direct another 10 % of your income to your church or other charitable cause. Set up your budget to use a little over 50% of your income for things you absolutely need and the other 25% or more toward the nicer things in life. Some of my mortgage clients have used Dave Ramsey’s program. One client last week has been happy using Mark Loden’s personal budgeting system. He was featured on Real Estate Mortgage Shoppe last week.
3. Keep your mortgage payment low with room for other expenses to expand and contract with your life events. As we talked about earlier in the show, some of the personal financial gurus suggest keeping your monthly house not no more than 25% to 30% of your gross income. Your monthly house note, including taxes and insurance and association fees, along with her monthly debts should not exceed 38% to 41% of your gross income. Watch out for the mortgage automated underwriting systems. They can approve your mortgage for a lot higher debt sometimes.
4. Restructure debt to lower costs, payments and lower risk of delinquency

Justlike the twists and unexpected turns in the plot for our Jedi heroesthroughout the Star Wars movies, Mr. and Ms. Johnson encountered sometwists and unexpected challenges in their every day life. Mr. andMs. Johnson managed to get their kids through college, but it tookall of their savings and now they were drowning in debt that justkept compounding on more debt. Just recently they were blessed withtheir first grandchild. The problem? They wanted to spend time andmoney on their grandchild, making some great Disney World memorieswhile their grandchild was young, but they were strapped with debtwith no end in sight. They came into my office with a plan togradually pay off the big bills first, but on that plan theirgrandchild would be grown by the time the debt had released its chokehold

Here’swhat the Johnsons wanted; First they wanted to get their mortgagepaid off in less than 15 years since that is all that was left on themortgage. Second, they wanted to get rid of the big balance studentloans first.

Insteadof trying to pay off the big student loans first, we got rid of over$1,900 in monthly payments that were choking the Johnson’s cashflow the most. We paid off about $66,000 of those bills plus theexisting mortgage of around $125,000 by refinancing their home , butwe had to extend the mortgage back to a 30 year loan instead of 15years to keep the payment manageable.

Atfirst it looked like they were having to give up ground because theywent back to a 30 year, but here’s where the brilliance of theirplan really became real. They committed to use half of the $1,900per month toward regular prepayments to principle on the newmortgage. At their request, I printed up the new amortizationschedule. Guess what? They were still getting their mortgage paidoff in LESS THAN 15 YEARS! Yay for the Johnsons! They freedthemselves of the stranglehold of that high interest rate debt ANDstill would have their house paid off in less than 10 years with anextra $700 per month to put back for Disney World Trips and other funtimes with their grandchild.

Wisemaster makes a comment during Jo’s topics

REALESTATE TIP OF THE WEEK (Troy and Lynn McDonald and Brett Carter eachshare a tip related money-saving or time-saving tip connected totheir industry):

ANNOUNCEMENTS:

Talk Shoppe offers freenetworking & education to anyone interested in real estate or inbusiness. Talk Shoppe meets every Wednesday 9A-10A 9A-10A atServiceMaster by Cornerstone 9575 Macon Rd Cordova, TN (corner of BigOrange and Macon Rd) Eric Eurich, Kaizen award-winning businesscoach with Focal Point Business Coaching will be helping up with“Goal Setting for 2020.”

Talk Shoppe events are freethanks to supporters like Nita Black, business strategist withwww.901ELearn.com ContactNita Black to discover ways to make a profit sharing your knowledgeand skills online.

2. Jack’s Challenge. Whodo you know who is going through a hard time this holiday season? Invite them out for coffee. Spend time listening to them and beingthe friend they need. You may never know this side of heaven thepositive difference you can make.

3. The Tigers play later today. Go Tigers!!!

4. Subscribe atwww.TNRDHomeLoans.com and you canget our weekly blog posts with podcasts conveniently in your inbox.

5. Real Estate Mortgage Shoppe reminds you to MAKE YOUR PLAN. LET’SWORK YOUR PLAN. IF THE DEAL WORKS FOR YOU TODAY, DO IT TODAY.

6 (Wise Master makes a closingcomment )

SPECIAL NOTE: REALESTATE MORTGAGE SHOPPE RECOMMENDS THAT YOU CONSULT WITH A FINANCIAL,LEGAL OR OTHER CERTIFIED, LICENSED PROFESSIONAL BEFORE ACTING ORINVESTING ON ANYTHING YOU HEAR OR SEE FROM THE CONTENT ON THIS SHOWOR BLOG POSTS. THE INFORMATION WE SHARE ON REAL ESTATE MORTGAGESHOPPE IS GENERAL IN NATURE MEANT FOR GENERAL EDUCATIONAL PURPOSESONLY. ALL EXAMPLES GIVEN FOR ILLUSTRATION PURPOSES ON REAL ESTATEMORTGAGE SHOPPE AND ARE BASED ON TRUE STORIES BUT WE USE FICTIONALCHARACTERS AND DO NOT DIRECTLY REFLECT REAL PEOPLE OR EXACT DETAILSIN ANY OF THE SITUATIONS.

QUOTE CORNER: Pinterestfrom Star Wars: “You want to know the difference between a masterand a beginner? The master has failed more times than the beginnerhas tried.”

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REJOINDERS:

1. Sonia Balcer, Rocket Scientist and “galactic” Star Wars fan, Montrose, California
2. Mark McLaurine, Refrigeration Unlimited in Memphis, TN (901) 216-7782
3. Jana Cardona, Executive Director of Business Network International Mid-South www.bnimidsouth.com (building your business by referral)

Transitional Music: “Star Wars Main Theme from soundtrack;” “Cantina Band” from the Star Wars soundtrack; “Theme from StarWars: The Last Jedi”“Memphis” by Johnny Rivers for theLook Back Memphis Trivia Contest

ABOUT TROY AND LYNN MCDONALD- ERIN MCDONALD INSURANCE AGENCY;

LYNN- Ihave worked for the same insurance company for 22 years and very muchenjoy helping people manage risk through proper insurance coverage.We have a large agency and are well staff to take care of our clientsneed.

Specialties:Working with Landlords and Investors (901)849-7101

ABOUT BRETT CARTER, SERVICEMASTER BY CORNERSTONE

9575 Macon Rd Cordova,TN 38016

(901) 624-9200

Business DevelopmentManager

December 2012 topresent

ServiceMasterby Cornerstone is an independently owned and operated franchise ofServiceMaster Restore.We restore residential and commercial properties and their contentswhen they are damagedby catastrophes resulting from water, fire, mold, odor or biohazards.

THANK YOU TO SONIA BALCER, ROCKET SCIENTIST AND PHYSICIST FOR SPECIAL ASSISTANCE IN TRANSPORTING OUR INTERSTELLAR, GALACTIC VISITOR- THE WISE MASTER

WISE MASTER &ROCKET SCIENTIST, SONIA BALCER

ABOUT JO GARNER-MORTGAGE LOAN OFFICER:

WHAT DO YOUWANT TO ACCOMPLISH WITH YOUR MORTGAGE?

www.TNRDHomeLoans.com (901) 482 0354 This email address is being protected from spambots. You need JavaScript enabled to view it. twitter @jogarner NMLS# 757308

“WhateverYOUR personal priorities are, my job is to help you get the mortgageterms that will give you bragging rights when you talk about it andhelp you score on hitting your goals .”

Asa mortgage loan officer, my job is to help you get to the benefitsyou want from your financing terms. What is most important to you? Ican help you find the financing terms that will help you get to whatyou want. What is your comfort level on a house payment? How muchare you comfortable paying down,? What type of financing do you needto get the house you want to buy or refinance?

Differentclients have different priorities in life—some are buying theirfirst home with very little down payment funds. Some are recoveringfrom medical challenges, divorces or preparing to send children tocollege and some are embarking on a long term goal of buyingproperties to build rental income.”

TNRDHomeLoans is a mortgage officer with extensive knowledge in tailoringmortgages to her customers who are refinancing or purchasing homesall over the country. She offers conventional, FHA, VA or other loanprograms for refinancing and purchases.

Jocan help you look at rent vs buy, when it makes sense to refinance,how to get the best deal on your home purchase financing.

TNRDHomeLoans has been in the real estate/financing business for over 25years. She got her start in Portland, Maine where she firstbegan her real estate career. She received her real estate educationfrom the University of Southern Maine and was personallymentored in San Diego, California by Robert G. Allen, author ofNothing Down,Creating Wealthand The Challenge.

Onmoving back to West Tennessee in 1987, she went into business buyingand selling discounted owner-financed notes secured on real estate. In 1990 Jo went to work for a residential mortgage company and hasbeen a mortgage loan officer for over 25 years. Her goal is tooffer excellent, affordable service to her customers, tailoring theloan programs to the specific needs of her clients.

In addition to her work in the mortgagefield, McKenzie Mortgage RD Loans is the primary sponsor and founderof Talk Shoppe in Memphis. www.TalkShoppe.com McKenzie Mortgage RD Loans also host the radio show Real Estate Mortgage Shoppeairing on News Radio AM 600 WREC and iHeart Radio with podcasts andshow notes published on www.TNRDHomeLoans.com