You will hear more about this program and its advantages on Real EstateMortgage Shoppe today.

What you YOU want to accomplish with YOURmortgage? I want to hear your story.Subscribe at www.TNRDHomeLoans.com to get weekly Real Estate Mortgage Shoppe podcastswith show notes. Call me and let’s talkabout YOUR plans (615) 924-6215.

To Your Success,

McKenzie Mortgage RD Loans, Mortgage Loan Officer NMLS# 757308

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WELCOME!

Good morning, Memphis! Welcometo our internet listeners and podcast listeners across the 50 states! You’re onReal Estate Mortgage Shoppe. I’m your host, McKenzie Mortgage RD Loans, Mortgage LoanOfficer. You can connect with me at www.TNRDHomeLoans.com. Thank you toreal estate closing attorneys Rob Draughon and Shelley Rothman of Griffin,Clift, Everton and Maschmeyer for sponsoring today’s Real Estate MortgageShoppe. For your home purchase orrefinance contact Rob Draughon and Shelley Rothman at (901) 752-1133. Our general topic is HOMES AND HOME LOANS-ADVANTAGES FOR OUR MILITARY,FIRST-RESPONDERS AND TEACHER HEROES. Subscribe to get Real Estate Mortgage Shoppe podcastswith show notes at www.TNRDHomeLoans.com Call us while we’re live today February22, 2020 at (901) 535-9732.

INTRODUCING JIM AND FAYE JONES OF REMAX EXPERTS-AFFLIATE PARTNERS WITH HOMES FOR HEROES

In the studio for the first time let me introduce you to Jim and FayeJones of ReMax Experts in Germantown, Tennessee. Jim, you and your wife Faye sold over 30million dollars in sales in 2019. Youare realtors and affiliate partners with the Homes For Heroes and the go-torealtors for our military, law enforcement, health care professionals, firefighters,EMS and teachers. Take a moment to tell our listening audience about yourselvesand what you do as realtors for your real estate clients. (Jim and Faye haveabout 1 minute or so to introduce themselves and talk about the advantages ofusing them as realtors and the Homes For Heroes program)

NOAH AND NORAH NOWLING’S STORY-SEEK AND YOU SHALL FIND

(Jo) Myfavorite thing about being a mortgage loan officer is that I get to meet themost amazing people on their journey to homeownership or sometimes as they explorescenarios for restructuring their debt to get to a better life. Even if we just converse over the phone andI only get to meet them in person at the closing table, I feel like we arefriends sitting around their kitchen table working together on a commonproject.

As we are talking today about special programs for our heroes to buyhomes, I am remembering a young couple with their one-year old son, Noah andNorah Nowling (not their real names.) Noah and Norah had been renting a home for over a year in a neighborhoodthey loved and they loved being close to family who helped them take care oftheir son. It was convenient and inexpensive having the family members nearbyfor child care on demand.

Noah called me one day and then came on over to the office to sharetheir story. They had student loansand were trying to save for a down payment to buy a home. Then some unexpected bills started coming inafter they had their first child. Theykept putting off looking for a home because they loved the neighborhood wherethey were living and they did not have a lot of money to put down.

“You have not because you ask not. Seek and you shall find.” Josiahtold me. “We just picked up the phoneand asked our landlord if he would sell us the house where we were living. Amazingly, he said yes. Now, we are seekingfrom you as our lender-‘can you find usthe money for a down payment?’”

Since Noah was a first responder with the Fire Department, the answerwas yes. For Noah and his wife we gotthem a low down payment FHA government mortgage funded with a $10K from the City of Memphis Down Payment Assistanceprogram under special guidelines for police, fireman and teachers. Noah and Norah only had to pay a very smallamount of their own money and everything else was paid by this special downpayment assistance program.

The Nowlings got to remain in the house they loved in the neighborhoodnext to family members who were always at the ready to take care of theirlittle one. Except now the Nowlings monthly payments were going to create moreand more wealth in owning their own home instead of paying for someone else’shome.

What do YOU want to accomplish with YOUR mortgage? Connect with me at www.TNRDHomeLoans.com or just call me at (615) 924-6215. What is YOUR story?

HOMES FOR HEROES-HERE’S HOW IT WORKS

(Jo) Jim and Faye Jones, as realtors and affiliatepartners in the Homes For Heroes program, I know you have many stories like theNowling’s story. Tell us about the HomesFor Heroes program and how can you help your hero customers?

You’re on Real Estate MortgageShoppe. I’m your host, McKenzie Mortgage RD Loans, Mortgage Loan Officer. Make Your Plan. Work Your Plan. If The DealWorks For You Today, Do It Today. When we come back Jim and Faye Jones of ReMaxExperts and Homes For Heroes affiliated partners will be sharing more with youon how to plug into the advantages of this special program. See you back in just a moment.

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THE LOOKBACK MEMPHIS TRIVIA CONTEST

^2nd segment after 9:15 break: Our Look BackMemphis Trivia Contest is brought to you by notable Memphis historian, Jimmy Ogle. Twelve of his Memphis History lecturesentitled Making Memphis – Storytelling by Jimmy Ogle may be viewed byGoogling “JIMMY OGLE PINK PALACE”. Viewat JimmyOgle.com. . The Look Back Memphis Trivia Contest is sponsored by John and Jennifer Lawhon ofLawhon Landscape (901) 754-7474 the Lawhon’s can help you plan your landscapingif you have a BIG, BIG project or a smaller project or you can do the bigproject in phases . The Lawhons are giving away a $25 gift card to the firstperson with the correct trivia answer. If you know the answer to our trivia question, call us at 901 535 WREC901 535-9732.
Here’s our trivia question :Who am I? (go to hints)

Garner # 24 08/06/14

Shrine Building

Question:

Hint: I was built in Downtown Memphis in 1923.

Hint: I was placed on the National Register ofHistoric Places in 1979.

Hint: I overlook the Cossitt Library to see theMississippi River to the west.

Last Hint: My name derives from a charitableorganization that helps children nationwide with burns.

Answer: Shrine Building. The Shrine Building in DowntownMemphis, Tennessee was built in 1923 toserve as the headquarters of the Al Chymia Shrine, a group of Shriners. It was listed on the National Register of Historic Places in 1979. It wasconverted to apartments in 1981 and wasconverted again in 2005 to house 75 condominium apartments. It wasdesigned by architects Jones &Furbringer.

The lower eight floors contained professionaloffices and the temple itself began on 9th floor. The 2-story archedwindows mark the large auditorium. The Shriners were forced move in 1936when they were unable to meet their mortgage. Today, the Al ChymiaShriners Temple is located in East Memphis, and Shriners International has400,000+ members full of fun and fellowship at 193 temples raising money tosupport 22 hospitals in the care of children with burns, cleft lips andpalates, and spinal cord injuries.

Jimmy Ogle has retired from walking tours in Memphis. Twelve of his Memphis History lecturesentitled Making Memphis – Storytelling by Jimmy Ogle may be viewed forFREE on the internet by Googling “JIMMY OGLE PINK PALACE”. View JimmyOgle.comfor more information.

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TOPICS COVERED BY JIM AND FAYE JONES, REMAX EXPERTS

Howlong have you been in real estate

–how did you get involved with homes for heroes

-howmany heroes have you worked with on this program

-anystories stand out that you have worked with

-whatabout the charitable part of homes for heroes

– isit a sellers market and do you see that continuing

-howimportant is it when representing a buyer right now to win a contract

–what can sellers do to get top dollar

-arenew homes selling fast too

–what about special loan programs

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TOPICS COVERED BY JO GARNER, MORTGAGE LOAN OFFICER

1. What are some of the most common barriers stopping ourheroes from buying their own homes or restructuring their finances on afavorable refinance?

1. Barrier #1 Lack of down payment:

1. First, clients will tell me they don’t have any money to put down. As your mortgage loan officer you and I can be very good treasure hunters and we canfind money in places you never thought to look! Particularly if you have not owned a home in 3 years or more, there area multitude of down payment assistance programs available. If the seller pays the closing cost andprepaid taxes and insurance for the buyer, then normally the down paymentassistance pays the down payment and you can, in certain situations, get in forzero down or very little down.

Even ifyou are not a first time homebuyer, let’s explore the 100% VA loans and the100% USDA loans. We can look atfinancing secured on a different asset to give you the funds you need to closewith very little money down on the house you really want. In many cases you canborrow against a retirement fund without penalty. Gifts from family are nice.

• The second barrier is showing enough incometo qualify for the loan you need to buy or refinance a home. If you have only been on your job a fewmonths, we can only count your guaranteed base income and not the commissionsthat you hope to average over the course of the next several months.

If youare self-employed and you have a lot of income that you control but, afterwrite-offs, you only show very little, let me review ALL PAGES of your last 2years tax returns and business returns. We have found tens of thousands of dollars worth of income in the BACKPAGES of the tax returns. If there is away, we can find it to help our clients get qualified for what they want toaccomplish.

• The third barrier that we can overcome iscredit issues. Did you know that If you keep your balance owed on credit cards UNDER 30% ofthe total credit limit, it will boost your credit scores? If you owe OVER 50% of the total creditlimit, it can really hurt your credit scores. Check out www.MyFico.comto find out more about how to develop the right credit habits that can bringyou many rewards down the road.
• Thefourth barrier is problems with the house needing repaired or a titleissue. This is where an experiencedrealtor or closing attorney.

Your answer to the repair requirements canbe easily fixed by negotiating the seller of the property to pay it or agreeingto put money back into an escrow account in some cases to make the repairs afterclosing. If the repair list is massive,then we may need to switch you to one of our Renovation and Repair loanprograms. Title issues, most of thetime, are managed or cured by an experienced closing attorney.

• EddieEddleman’s-How He Eliminated 8 years off his mortgage saving $58K
• The most important tool to use fordetermining the fastest way to pay off a mortgage early with the least amountof investment is the amortization schedule. You can get them free by googling “Mortgage Amortization Calculator.” Besure you enter your original loan amount and the date of your first payment,including the year. Then scroll down tothe balance that matches your current balance, draw a line and add up theprincipal portions of each payment after the regular full payment. You can alsouse the schedule you got when you financed your loan—it should be in yourclosing papers. Or call me and I canwalk you through it. .
• Example:
• Eddie Eddleman, a military veteran gets bragging rightseliminating 8 years off his mortgage.

The earlierin the mortgage you start prepaying the principle the more interest you willsave with the least amount of money out of your pocket because a larger part ofthe principle and interest payment makes up the interest compared to principlein the beginning of the loan rather than at the end

• Loan amount low $200 thousand range 30 year term principal and interest monthly payment in themid $900’s
• Eddie pays an extra Principal & Interest payment once a year.
• Total principal and interest payments if he did NOT pay extra paymenteach year $mid $900’s X 360 months= inthe mid $300 thousand dollar range.
• Paying one extra P&I payment each year for roughly 20 something yearspaid in the low twenty thousand dollars
• Total payments over a little over 20 years including extra payments =$ totalpayments a little over the $275 thousand range
• SAVINGS in total payments =$around the $60 thousanddollar range

REAL ESTATE TIP OF THE WEEK (Jimand Faye Jones share a real estate related money-saving or time-saving tip-Ifyou are in the military or a veteran of the military, a first-responder, lawenforcement or teacher, getting registered with this program before you starthouse hunting or refinancing a home you already own, can give you some rewards.):

ANNOUNCEMENTS:

Talk Shoppe offers freenetworking & education to anyone interested in real estate or in business.Talk Shoppe meets every Wednesday 9A-10A CT at Concorde Career College 5100Poplar Ave 1^st Floor Memphis, TN (The Clark Tower) This WednesdayFebruary 26^th, 2020 join us for “The Mastermind Principle: based onthe book Think and Grow Rich by Napoleon Hill.”

1. Talk Shoppe events are free thanks to sponsorslike Maria Popa, financial planner and financial advisor with StrategicFinancial Partners. Connect with Maria Popa at (901) 260-6431
2. Thank you to Miranda Griffin, owner of HealthMid-South. If you are looking for some simple steps and solutions for longevityand healing, connect with Miranda Griffin at www.healthymidsouth.net
3. Thank you to closing attorneys Rob Draughon andShelley Rothman at Griffin, Clift, Everton and Maschmeyer Law Firm in Memphis,TN. For your home purchase or refinance,contact Rob Draughon and Shelley Rothman at (901) 752-1133.

4. Subscribe at www.TNRDHomeLoans.com and you can get our weeklyblog posts with podcasts conveniently in your inbox.

5. RealEstate 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 ONANYTHING YOU HEAR OR SEE FROM THE CONTENT ON THIS SHOW OR BLOG POSTS. THEINFORMATION WE SHARE ON REAL ESTATE MORTGAGE SHOPPE IS GENERAL IN NATURE MEANTFOR GENERAL EDUCATIONAL PURPOSES ONLY. ALL EXAMPLES GIVEN FOR ILLUSTRATIONPURPOSES ON REAL ESTATE MORTGAGE SHOPPE AND ARE BASED ON TRUE STORIES BUT WEUSE FICTIONAL CHARACTERS AND DO NOT DIRECTLY REFLECT REAL PEOPLE OR EXACT DETAILSIN ANY OF THE SITUATIONS.

QUOTE CORNER:

ChristopherReeve “A hero is an ordinaryindividual who finds the strength to persevere and endure in spite ofoverwhelming obstacles.”

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REJOINDERS:

1. Terri Murphy, real estate coach, speakerand author (Memphis, TN) www.murphyonrealestate.com
2. Steve Richman “That PMI Guy” GenworthPrivate Mortgage Insurance, Raleigh, North Carolina

https://www.new.mi.genworth.com/

• Clint Cooper, Redeemers Group (foundationrepair) Germantown, TN www.redeemersgroup.com

Transitional Music: “We Could Be Heroes” by Alesso; “Tribute to FirstResponders” by Kevin Davison; “The Champion” Carrie Underwood;“Memphis” by Johnny Rivers

Caller: Caleb Shaw The number one Homes For Heroes Agent in the country out of Texas

ABOUT JIM AND FAYE JONES REALTORS WITH REMAX EXPERTS IN GERMANTOWN, TN.

I havebeen married over 30 years , have two adult children and 3 grandchildren.

I am from Memphis, attended school here sincekindergarten, Graduated from university of Memphis with bachelor’s degree inreal estate and finance. I’ve always had a passion for real estateand helping people but took a different career path.

After working in sales in the food brokeragebusiness for 26 years I joined my wife’s real estate team . We are DaveRamsey local real estate endorsed providers. I am a Member of the faith walkcommunity m

Mid-South, Lakeland chamber board director,Officer with the Shelby county sheriff department as avolunteer, emergency services / search and rescue division.

After returning to real estatesales in 2015 Faye sold 8 million dollars in real estate in 8months on her own and followed up with 12 million in 2016. Iknew then it was time to follow my passion and join her. As a team we sold over30 million in sales in 2019.

901 402-1234

(901) 487-2299

This email address is being protected from spambots. You need JavaScript enabled to view it.

ABOUT JO GARNER-MORTGAGE LOAN OFFICER:

WHAT DO YOU WANT TO ACCOMPLISHWITH 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 (currently working with SierraPacific Mortgage, Inc)

“Whatever YOUR personal priorities are, my job is to help youget the mortgage terms that will give you bragging rights when you talk aboutit and help you score on hitting yourgoals .”

As a mortgage loanofficer, 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 youfind 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 needto get the house you want to buy or refinance?

Different clients have different priorities inlife—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 along term goal of buying properties to build rental income.”

TNRDHomeLoans is a mortgage officer with extensive knowledge in tailoring mortgages toher customers who are refinancing or purchasing homes all over the country. She offers conventional, FHA, VA or otherloan programs for refinancing and purchases.

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

McKenzie Mortgage RD Loans has beenin the real estate/financing business for over 25 years. She got herstart in Portland, Maine where she first began her real estate career. Shereceived 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 andThe Challenge.

On moving back to West Tennessee in 1987, she went intobusiness buying and selling discounted owner-financed notes secured on realestate. In 1990 Jo went to work for a residential mortgage company andhas been a mortgage loan officer for over 25 years. Her goal is to offerexcellent, 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 TNRDHomeLoans also host the radio show Real Estate Mortgage Shoppe airing on NewsRadio AM 600 WREC and iHeart Radio with podcasts and show notes published on www.TNRDHomeLoans.com

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