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 Loan Officer.
You can connect with me at www.TNRDHomeLoans.com. Our generaltopic is Safe At Home Assistance andResources-Safe Mortgage Solutions for Changing Family Needs. Subscribe to get Real Estate Mortgage Shoppepodcasts with show notes at www.TNRDHomeLoans.com Call us while we’re live today May16th, 2020 at (901) 535-9732.
When is the last time you have stayed at home for weeks without goingto your office or without being able to go visit other family members? Mary Lou Nowak of Mid-South Home Helpers andLynn Doyle of Unity Psychiatric Care are offering assistance and resources forfamilies that want to continue to live safely at home. I will be sharing some stories of people whohave used just the right mortgage program to finance the best situation fortheir changing family needs.
INTRODUCING MARY LOU NOWAK OF MID-SOUTH HOME HELPERS& LYNN DOYLE OF UNITY PSYCHIATRIC CARE
Mary Lou Nowak, owner of Mid-South Home Helpers has a great reputationoffering non-medical assistance for your aging or handicapped loved ones whowant to live safely and comfortably in their own home. Mary Lou Nowak, take a moment and tell ourlisteners a little bit about yourself and what Mid-South Home Helpers does foryour clients. (Mary Lou Nowak of Mid-South Home Helpers introduces herself and talksabout what she does for her clients)
(Jo) Mary Lou Nowak, thank you for bringing Lynn Doyle ofUnity Psychiatric Care to Real Estate Mortgage Shoppe. Please introduce your guest and let’s giveLynn a moment to tell us a little about herself and what Unity Psychiatric Caredoes for their clients. (Mary Lou introduces Lynn Doyle. Lynn Doyle has about 1 minute or so tointroduce herself and talk about what Unity Psychiatric Care does for theirclients)
MORTGAGE SOLUTIONS FORCHANGING FAMILY LIFESTYLES
(Jo) This very unique opportunitythat people have had to spend time at home instead of at the office and insteadof attending other gatherings, has spurred people and families to evaluate whatthey want for their homes and their life styles.
Mortgage customers and clients have beencalling me over the last few weeks to mastermind how to finance upgrades oradditions to their homes. Some havetalked about buying a bigger home so they can have an aging family member livewith them. Others have talked aboutselling their big home and downsizing to a simpler life.
The time we are living right now offers us alot of opportunities for people ready for a change. Values on homes generally are staying high.This is a big advantage for people selling their home. A big plus for home buyers is the lowest rates and mortgagepayments in about 30 or more years.
Let me introduce you to the Carter and Claire Caldwell story– Bounding over Barriers To Be With TheGrandbabies
What about making your home pay YOU back? Have you considered a reversemortgage if you are over 62 years old?
Here is a brilliant idea from one of my past “rock star” mortgageclients. Carter and Claire Caldwell wereboth over 62 years old. They lovedtheir home next to the lake and their longstanding neighbors and friends. But, the Caldwell’s yearned to spend timeplaying with their toddler grandchildren who lived several hundred milesaway. These grandparents were motivatedto financially mastermind a way to buy a second home near their grandkids. Want to know their brilliant idea????
Since the Caldwell’s were over62 years old and they had paid off their mortgage early, they applied and got aReverse Mortgage. The Reverse Mortgage on their primaryresidence was now paying them each month, so they had the income toafford to buy a second home an spend a five whole months at a time playing andmaking memories with the grandkids. If you want to see STUNNINGLY BRILLIANTstrategy, observe what happens when grandparents are determined to springthemselves across the miles to hold their grandbabies in their laps.
What do YOU want to accomplish with YOUR mortgage? MAKE YOUR PLAN. LET’S WORK YOUR PLAN. IF THEDEAL WORKS FOR YOU TODAY, LET’S DO IT TODAY. Connect with me at www.TNRDHomeLoans.com. Email me at This email address is being protected from spambots. You need JavaScript enabled to view it. or just call me at (615) 924-6215.
Let’s pivot over to Mary Lou Nowak of Mid-South Home Helpers and LynnDoyle of Unity Psychiatric Care to share some assistance and resources they offerfamilies who have been spending a lot of time sheltering in place where theylive… (Mary Lou or Lynn Doyle launch into their topics)
You’re on Real Estate MortgageShoppe. I’m your host, McKenzie Mortgage RD Loans, Mortgage Loan Officer. What do YOU want to accomplish with yourmortgage? Make your plan. Let’s work your plan if the deal works for you today,let’s do it today. When we come back MaryLou Nowak of Mid-South Home Helpers and Lynn Doyle of Psychiatric Care. See you back in just a moment.
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.
Garner # 178 * 05/16/20
ChristianBrothers University
Question: Iam a university in Memphis that opened in 1871. Who am I?
Hint: My first campus was onAdams Avenue in Victorian Village.
Hint: I will celebrate my Sesquicentennial (150thanniversary) next year (2021).
Hint: I also developed a very highschool in Memphis.
Final Hint: I relocated my campus out to MidtownMemphis in 1940. Who am I?
Answer:Christian BrothersUniversity is a Catholic university in thestudent-centered tradition of the De La Salle Christian Brothers. CBU fostersacademic excellence in a range of programs to prepare students from all faithsand backgrounds for careers and lives informed by the Lasallian values offaith, service, and community. Christian Brothers College was founded in 1871by members of the Institute of the Brothers of Christian Schools, aninternational Roman Catholic religious teaching congregation. On June 9, 1939,the Brothers laid the cornerstone of a three-story building on the new propertyand eleven months later held the dedication ceremony for what would come to becalled Kenrick Hall.
In 1953, the junior college expanded into a four-year institution. In 1970,spurred partially by the imminent closure of nearby all-female Siena College,women were accepted as students for the first time at Christian BrothersCollege—which had been all-male for 99 years. Today, the student population ofCBU is half female. Christian Brothers College officially became ChristianBrothers University in June of 1990. Christian Brothers High School opened itsseparate doors out on Walnut Grove Road in 1965.
Bonus: Jimmy Ogle’s four distinct tours ofElmwood Cemetery that were scheduled for Saturday, April 25 are postponed untilAutumn. For more information, call 901-774-3212 or go to elmwoodcemetery.org.
Jimmy Ogle has retired from walkingtours in Memphis. Twelve of his MemphisHistory lectures from the Pink Palace entitled Making Memphis – Storytelling byJimmy Ogle, and now more than ten hours Downtown Walking Toursare FREE on the internet at . . . YouTube Jimmy Ogle.
View JimmyOgle.comfor more info!
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TOPICS COVERED BY MARY LOU NOWAK, MID-SOUTH HOME HELPERS
- Describe the services you offer your clients withnon-medical assistance.
- What differentmethods are you using to serve your clients during the Coronavirus socialdistancing and sheltering in place rules?
- Give us some examples of how Mid-South Home Helpers canliberate family members who have loved ones living a distance away who needassistance?
- Give examples of how you can help when the person needingassistance already lives with family?
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TOPICS COVERED BY LYNN DOYLE, UNITY PSYCHIATRIC CARE
Senior Care Talking Points:
- Whatdoes depression look like in senior adults/signs and symptoms
- Whatpart does isolation play in depression?
- Whatcan we do to encourage seniors in this time of COVID
- Whatpart can family and friends play to break the bonds of isolation?
- Howcan we help them adjust to this very different kind of lifestyle?
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TOPICS COVERED BY JO GARNER, MORTGAGE LOAN OFFICER
- What are some smartstrategies when you need to sell your home and buy a new home before you cansell the old one?
- The story I shared last week on Real Estate Mortgage Shoppe “Offer Accepted To Buy My Dream Home-But Can’t Sell MyCurrent Home” Right Away-Zana Zagar’s story”
Zana Zagar (not her real name) received some good news and bad news allon the same day. The good news—thesellers accepted Zana’s offer to buy the home Zana had searched long and hardto find. The bad news? The family selling to Zana her dream homeneeded to close quickly. Zana would nothave time to get her current home ready to sell before she would need to closeon her new home.
Zana and I explored a number of creative tactics she could take to gether the funds she needed to make the large down payment to keep her mortgagepayment low on the new home, even though she would not be able to use theequity on the sale of her current home in time to use it for the down paymenton the new home.
One of the solutions for Zana was to get a departure home equity linefrom her bank on the equity in her current home to use for a large down paymenton the new home. With the big downpayment on the new home, this would set her up for the permanently low payment on the new home.
Zana could go ahead and close and move into her new home and enjoy a lowmortgage payment on the new house because being able to access the equity onher current home with the temporary equity line to use until she could sell herold home.
- Staying competitive with no contingency on having to sellyour current home first.
- Have a plan A AND a plan B in case both homes can’t closeon the same day.
- Recast story and where to secure the bridge line of credit
- What if you want to move your family back in with mom in the old home place, but need to remodel for separate living spaces?
LindaLovelace’s story—Do You Love where you live and need to make changes but wantto stay? (avatar picture)
Doesthe layout of your home work well for you and your family? Are you in close proximity to people and places that make living in yourcurrent location convenient? Do you havea good relationship with your neighbors?
LindaLovelace (not her real name) called me with this dilemma-should I stay orshould I go? Instead of downsizing afterretiring, she invited her daughter and son-in-law to go in together to buy alarger home with a mother-in-law wing and sell Linda’s home.
Theproblem was that her daughter’s family really liked the old home place, itsland and the pond and woods out back and the layout of the house. Ms. Lovelacehad a licensed contractor come out and look at the feasibility and costs ofseparate living unit to the existing homeplace so that Linda could have herprivate space.
Thefamily looked at other homes and got estimates on what it would costs withmoney down and payments per month on other homes with the right layout andproximity to work and shopping and doctor’s offices. They compared thesenumbers to what it would costs to remodel and add the extra living space ontoLinda’s existing home. The decisionended up being to make the modifications to the home and for everyone to livein remodeled existing home instead of moving.
Theycompared doing a cash out refinance on the home to get the funds to remodel orgetting an interest-only home equity line of credit to cover the costs ofremodeling. Since the daughter’s familyand Linda would be taking over the mortgage payments, the decision on how tofinance the remodeling of the home would be a group decision.
- The magic of the 1031 exchange (Dedra Darington’s story) dk
- The cramped apartment-no place toshelter in place– Happy customer with expanding family going fromrenting $900/mo in crime ridden area to buying a house with none of their ownmoney down in a safer neighborhood with a larger house to accommodate their expandingfamily and a note of only about $747/mo including taxes and insurance. They also got Shelby Co Down paymentAssistance and the seller paid their closing costs to keep more money in their pockets .
REAL ESTATE TIP OF THE WEEK (MichaelBrooks, Sierra Pacific Mortgage Renovation and Repair mortgage programs.Michael shares a real estate related money-saving ortime-saving tip):
ANNOUNCEMENTS:
Talk Shoppe offers freenetworking & education to anyone interested in real estate or in business.Talk Shoppe meets every Wednesday 9A-10A CT normally at Concorde Career College5100 Poplar Ave 1st floor (the Clark tower) Currently Talk Shoppe ismeeting online. Go to www.TalkShoppe.comand click on Upcoming Events tab for the link to Talk Shoppe’s main meetingroom https://us04web.zoom.us/j/5087794464 This Wednesday May 20th, 2020 Overcoming theFear of Hospice and how it can change your life today. By:Sherrie Serca, FNP-BC Family Nurse Practitioner, Baptist Trinity Hospice
Talk Shoppe events arefree thanks to supporters like business strategist and executive offer of TalkShoppe, Nita Black. Connect with NitaBlack to explore ways to monetize your knowledge and expertise online www.901ELearn.com
Talk Shoppe events arefree thanks to supporters like Eric Eurich, Kaizen award-winning business coachwith www.ericeurich.focalpointcoaching.com Eric can get you and your business from whereyou are to where you want to be.
- Continueto stay safe. Reach out and check onyour family, your friends and your neighbors. Be ready to lend a hand or helpsupply to someone something that you wosn
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:
“Love’s theglue. Use it right, it can fix most anything.”
― Nora Roberts, Shelter inPlace
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REJOINDERS:
- Greg Inman of Next Day Access in Memphis,TN https://www.nextdayaccess.com/memphis-tn/ (901) 881-6769
- Leah Anne Morse, All Things New inCollierville, TN (helping people and families organize to down size, up size orhold an estate sale. (901) 488-9733
- Eve Sotiriou, Waterville, Maine
Transitional Music: “ReachOut. I’ll Be There” Four Tops; “I’ll Be There For You” Theme fromFriends; “Let’s Stay Together” by Al Green; “Memphis” by Johnny Rivers for theLook Back Memphis Trivia Contest
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ABOUT LYNN DOYLE, UNITY PSYCHIATRIC CARE
(901) 870-6278 This email address is being protected from spambots. You need JavaScript enabled to view it.
Lynn Bennett Doyle holds a Master of Science in Counselingfrom the University of Memphis. She has worked in the Behavioral Healthfield for her most of her career. She has most recently served UnityPsychiatric Care in Memphis both as the Administrator and most currently as theRegional Director for Business Development. Previously she worked atDelta Medical Center as the Director of Senior Care and the Executive Directorof Business Development and Marketing. Prior to Delta, she served as theAdministrator for St. John’s Hospital Psychiatric Pavilion in San Angelo,Texas.
She currently serves on the Board of Directors forAlzheimer’s and Dementia Services as immediate past President. Sheserves on the Board of Directors for the Professional Network on Aging asLegislative Chair and is a Past President. She is a past President ofCreative Aging of the Mid-South, Business and Professional Women of Tennessee,The Ruth Mackey Cancer Foundation, and The Sales Club of Memphis.
Lynn’s additional community involvement includes Hosting acable talk show “Health Awareness” on WYPL television, volunteering for theUnited Way of the Mid- South on the Funds Allocation Committee, and deliveringpresentations to health, churches and civic organizations on topics includingCoping with Depression, Managing Stress, Leadership, Team Building, BrainHealth, and Building Communication Skills
She was awarded the 2017 Bob Bernstein Senior Advocacy Awardby the Professional Network on Aging.
ABOUT MARY LOU NOWAK OF MID-SOUTH HOME HELPERS
www.homehelpershomecare.com (901)414-9696
Mary Lou Nowak, managing partner of Mid-South Home Helpers and servesas Vice President of Marketing and 2018 Professional Conference Chairperson ofProfessional Network Of Aging. She is a professional whobegan client care at a 500 bed community hospital in 2001 and since, whileworking with seniors and their families as owner of Home Helpers became anexpert in expediting long term care insurance policies saving familiesthousands.
HomeHelpers –(901) 414-9696
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 thecountry. She offers conventional, FHA,VA or other loan 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
