Are you a soldier, aveteran, a first-responder, a healthcare professional or a teacher or you knowsomeone who is serving in these industries? Today on Real Estate Mortgage Shoppe we will be spotlighting these heroesand sharing some special real estate and financing programs they can use topurchase a home with very little down payment or some extra help from the HomesFor Heroes program.
What do YOU want toaccomplish with YOUR mortgage? Let’sstay connected! Subscribe at www.TNRDHomeLoans.com to get Real Estate Mortgage Shoppe podcasts with shownotes every week.
To Your Success,
McKenzie Mortgage RD Loans, Mortgage Loan Officer NMLS# 757308 (615) 924-6215 This email address is being protected from spambots. You need JavaScript enabled to view it.
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WELCOME TO REALESTATE MORTGAGE SHOPPE
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. Our generaltopic is Special Real Estate andFinancing Programs That Provide Homes For Our Heroes. . Subscribe to get our weekly blogposts with podcastsat www.TNRDHomeLoans.com. Call us while we are liveat (901) 535-9732 Today is May 23rd,2020.
INTRODUCING JIM AND FAYE JONES, REALTORS CERTIFIED FORHOMES FOR HEROES
Back in the Real Estate Mortgage Shoppe studio we have Jim and FayeJones, certified realtors under the Homes For Heroes program. Jim and Faye Jones produce several milliondollars in home sales a year. They servetheir clients from the heart and use their real estate expertise to put theircustomers on the winning edge in a competitive real estate market. (Jim andFaye introduce themselves and talk about how the Homes For Heroes has workedfor their clients)
G.I. JOHN-THE SOLDIER WHO BUILT AN EMPIRE
(Jo) Here’s another rockstar client story let’s call it “G.I.JOHN-THE SOLDIER WHO BUILT AN EMPIRE.” When John first started out, he bought a house in the city where he wasstationed using a 100% veteran loan. Heput together a plan to get wealthy during his military career moving fromstation to station buying a house each move and keeping the other homes forrental income.
The challenge that threatened to shoot holes in his life plan was thefact that the more property he bought, the more specialized mortgage productshe needed since his VA eligibility was limited to one or two properties. Heneeded an experienced mortgage loan officer who could continue to come up withadditional mortgage loan programs that fit each situation, so he could continuebuying properties at terms that would allow him to make money.
It has been a joy and inspiration getting to work with John as his mortgageofficer. John continues to build hisreal estate portfolio. Since he hasdone so well with his rental properties, many of his houses are paid off and heno longer has to work. He is finishingup a long military career. Now I seepictures on Facebook of John and his wife regularly on a Carribbean Cruise, ona beach, in the mountains and other exotic places. Thank you, John, for yourservice to our country. Kudos! to youfor making your plan, working your plan, and when the deal worked for you, youdid it.
Here’s some benefits of using the VA Home Loanprogram:
First of all the VA loan is a 100%loan. If the seller or the lender ispaying for the veteran’s closing costs and prepaid taxes and insurance, theveteran gets to buy his or her home with nothing down. In the current market and today is May 23,2020, competition to purchase homes is stiff in most of the cities around thecountry.
The VA loan does not have a monthly VAfee that has to be paid each month. VAhas one lump sum that is added to the top of the loan called a VA Funding Fee,but there is not monthly fee like you see on FHA government loans or the RuralHousing 100% government loan. This keepsthe house payment lower for the borrower. Some funding fees can also be waivedunder certain conditions
Veteran Home Loans are assumable. If the veteran is in a hurry to sell thehouse or suppose the interest rates go up substantially over the next few yearswhen he is ready to sell, the veteran might find someone who would gladly qualifywith the mortgage company servicing the loan. The buyer might gladly pay theveteran a lot more in equity to qualify to assume his loan if the buyer is assumingan interest rate in the 3’s when the rates at that time in the future might bein the 6’s or 7’s. If an eligibleveteran assumes the VA loan and puts his eligibility on it, the veteran sellingthe home can free up his VA eligibility again.
What do YOU want to accomplish with YOUR mortgage? MAKEYOUR PLAN. LET’S WORK YOUR PLAN. IF THE DEAL WORKS FOR YOU TODAY, LET’S DO ITTODAY. Connect with me at www.TNRDHomeLoans.com (615) 924-6215.
Jim and Faye Jones, realtors certified for the Homes ForHeroes program, tell us a little more about how home buyers can use the HomesFor Heroes program and how does it help them financially. (Jim and Faye Jones launch their topic )
Jimshares the story of the military Captain who bought his home under the HomesFor Heroes program and got back a significant amount of cash rewards throughthe Homes For Heroes program after the closing.
TheHomes For Heroes program benefits home sellers, buyers and homeownersrefinancing their property through registered realtors and lenders and titlecompanies. Homes For Heroes benefitsmilitary, veterans, police, firemen, EMTs, health care workers, teachers….
(Jo) 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? I want to hear YOUR story. Call me after the show at (615) 924-6215 When we come Jim and Faye Jones will besharing more great real estate tips. BillEmmerling of Vista Points will be sharing a quick Talk Shoppe Business Tip forour Real Estate Pros.
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TALK SHOPPEBUSINESS TIP FOR REAL ESTATE PROS
2nd segmentafter 9:15 advertising break –It’s time to talk shop with Talk Shoppe’sBusiness Tip For Real EstateProfessionals. Talk Shoppe is a marketing company offering free education andnetworking to anyone interested in real estate or in business and health andwellness. Talk Shoppe is made possibleby the financial support of its sponsors and supporters. For more about TalkShoppe, go to www.TalkShoppe.com(shoppe) For our Talk Shoppe BusinessTip today we have Talk Shoppe sponsor Bill Emmerling of Vista Points. Bill and Vista Points specialize in providingspecial needs trusts to care for a loved one with a disability. They can advise and develop the exact rightsolution to give you peace of mind knowing that your disabled loved one willhave the provision they need even if you are not there to provide for them.Bill Emmerling of Vista Points, what is our Talk Shoppe Business Tip for RealEstate Professionals today? (BillEmmerling to share his tip )
HI MY NAME IS BILL EMMERLING AND I WORK FOR VISTA POINTS SPECIAL NEEDSTRUSTS AND RESOURCE CENTER. OFTEN, I AM ASKED…HOW DOES A PERSON ESTABLISH ASPECIAL NEEDS TRUST? THE BEST WAY TO SEE IF THE BENEFICIARY WILL QUALIFY FORAND BE ABLE TO ESTABLISH A SPECIAL NEEDS TRUST IS TO MEET WITH AN ATTORNEY.THERE ARE 3 DIFFERENT TYPES OF SPECIAL NEEDS TRUSTS A BENEFICIARY MAY QUALIFYTO USE.
AN ATTORNEY WILL RECOMMEND WHICH TYPE OF TRUST IS BEST SUITED FOR THEBENEFICIARY’S SPECIFIC NEEDS. YOU CAN RECEIVE MORE INFORMATION ON OUR WEBSITECONCERNING THE DIFFERENT TYPES OF SPECIAL NEEDS TRUSTS. THANK YOU FOR YOURINTEREST IN VISTA POINTS. REMEMBER VISTA POINTS SPECIAL NEEDS TRUSTS CAN HELPYOU FIND PEACE OF MIND.
Bill Emmerling, how do we contactyou? 888-422-4076 This email address is being protected from spambots. You need JavaScript enabled to view it.
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TOPICS COVERED BY JIMAND FAYE JONES OF EXP REALTY
How long have you been in real estate
– how did you get involved with homes for heroes
-how many heroes have you worked with on this program
-any stories stand out that you have worked with
-what about the charitable part of homes for heroes
– is it a sellers market and do you see that continuing
-how important is it when representing a buyer right now towin a contract
– what can sellers do to get top dollar
-are new homes selling fast too
– what about special loan programs
TOPICS COVERED BY JO GARNER, MORTGAGE LOAN OFFICER:
- Dispel some myths and misconceptions that veterans haveabout the VA Home Loan that cost them money.
Let’s dispel some of themyths and misconceptions about the VA Home Loan that hold veterans back-causing them to miss out on deals that could have brought them great wealthover time.
Myth: The VA mortgage can only be used once in a lifetime./Wrong- You can use your VAeligibility as many times as you need itas long as you show enough eligibility.
Can you only hold one VA loan at a time? No, You can have more than one VA loan. Just like the example above. If you have not used up all of youreligibility, you might be able to qualify for another VA mortgage. VAmortgages are for veterans planning to use the home as their primary residence.
The VA loan can be assumed by another party subject to thelender’s approval
You can refinance a VA loan on a streamline program without havingto get an appraisal. ( this may vary with some lenders)
Veterans getting disability compensation for service-relatedmedical issues are exempt from having to pay the VA funding fee that isnormally added to the loan amount. Also, surviving spouses ofveterans who died in the service or from a service related disability are alsoexempt from having to pay the VA funding fee and can, on a case-by-case basis,get a VA loan.
In 2019 President Trump signed the HR 299 bill into law. The VA loan program effective January 1, 2020allows the veteran to get a 100% mortgage with no upper loan limit (as long asthe veteran’s income and credit qualifies for the payment.) ( The home must appraise for at least theprice of the home or more.) You still need to check with your mortgage lenderwith your specific case to make sure you are eligible for the 100% VA loan.
There are loan limits still apply for those who have more than oneactive VA loan, only partial entitlement available or those who have defaultedon a previous loan.
“Blue Water Act” changes includes an increase in the VA LoanFunding Fee which is usually added to the loan amount for all non-exempt borrowers. Purple Heart recipients are now exempt fromhaving to pay the VA Funding Fee. Thereare other types of categories for veterans to be exempt from having to pay theVA Funding Fee.
1st time use of VA Loan purchase 2.3% of the base loanamount. Subsequent use of the VA loan program, the VA Funding Fee is 3.6%.
(Bill Emmerling shares his personal story of buying his first homein Orange County, California with zero down using his VA eligibility. Buying that home helped set him on a path ofbuilding up equity and wealth from owning a home.)
For more information about the Veteran Mortgage Program: http://www.benefits.va.gov/homeloans/resources_veteran.asp
- OTHERMORTGAGE RESOURCES FOR HEROES:
There are several mortgage programs andcombinations of mortgage programs available to help our hero professionals toget into homes with very little down payment with affordable terms too.
If you are a police officer, a fireman ora teacher, there are some special down payment assistance programs offeredthrough the City of Memphis Down Payment Assistance program. Let’s check on the fund that applies to youbecause some of the funds on these programs are temporarily depleted.
Tennessee Housing Development Agency hastheir program Homeownership For The Brave with low down payment and extra lowinterest rate.
The Homes For Heroes program that Jim andFaye Jones have been talking about works if you use a Homes For Heroesdesignated realtor or a designated lender. Homes For Heroes gets cash rewards for home buyers who go through theprogram who are active military, veterans, first-responders, health careprofessionals and teachers.
Call Jim and FayeJones to help you as your realtor 901 402-1234, (901) 487-2299, This email address is being protected from spambots. You need JavaScript enabled to view it.
Call us at Sierra Pacific Mortgage inCordova, TN. You can connect with aHomes For Heroes loan officer there also. I can connect you to the rightpeople and the perfect program (615) 924-6215
REAL ESTATE TIP OF THEWEEK (Bill Emmerling of Vista Points has about 1 to 1.5 minutes to share a tip): HI MY NAME IS BILL EMMERLING AND I WORK FOR VISTAPOINTS SPECIAL NEEDS TRUSTS AND RESOURCE CENTER. I AM SOMETIMES ASKED… HOW CANI UTILIZE THE MONEY IN MY SPECIAL NEEDS TRUST? THE MONEY IN A SPECIAL NEEDSTRUST CAN BE USED FOR THE BENEFICIARY’S “SPECIAL OR SUPPLEMENTAL NEEDS”.GENERALLY SPEAKING, THE THRUST MONEY CAN BE USED TO PURCHASE ITEMS OR SERVICESTHAT GOVERNMENT BENEFITS DO NOT COVER. TYPICALLY, THESE ARE NON-SUPPORT ITEMSOTHER THAN ESTENTIAL MEDICAL CARE, FOOD AND SHELTER. SOME ITEMS AND SERVICESTHAT ARE NON-SUPPORT ITEMS THAT ARE PERMISSABLE ARE: NONMEDICAL CARE,ALTERNATIVE THERAPIES, OVER THE COUNTER MEDICINES, ELECTRONIC EQUIPMENT,CLOTHING, ENTERTAINMENT, PERSONAL ITEMS, VEHICLE RELATED EXPENSES, EDUCATIONAND MUCH MORE. ALL DESIGNED TO ENHANCE ONE’S QUALITY OF LIFE. REMEMBER VISTAPOINTS SPECIAL NEEDS TRUSTS CAN HELP YOU FIND PEACE OF MIND.
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 1st floor Clark Tower Memphis, TN. Currently meetings are virtual. For the website to meet go to www.TalkShoppe.com and click the UPCOMINGEVENTS tab. This Wednesday May 27th, 2020Talk Shoppe presents: “The Mastermind Principle: based onthe book Think and Grow Rich by Napoleon Hill
Talk Shoppe events arefree thanks to sponsors like Genell Holloway Vice President of www.healthbenefitsplus.org (901)270-1127
2. This Memorial Dayweekend, lets say thank you to our military and veterans for their sacrificefor our freedom. Thank you also to ourfirst-responders and healthcare front-line workers We appreciate you!
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 EXACTDETAILS IN ANY OF THE SITUATIONS.
QUOTE CORNER:
Maya Angelou “I think a hero is any person really intent on making thisa better place for all people.”
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REJOINDERS:
- Earl Leake of Leake Insurance Agency inMemphis, TN (901) 737-9352
- Clint Cooper, owner of Redeemers Group(Germantown, TN) Home Foundation Repairs www.RedeemersGroup.com
- EllaHarris, Tennessee Housing Agency in West TN www.THDA.org
TransitionalMusic: “American Soldier” by Toby Keith;“We Can Be Heroes” by Wallflowers; “Hey Brother” Tribute to First-Responders”“Taking Care of Business” by Bachman Turner Overdrive for the Talk ShoppeBusiness Tip For Real Estate Pros.
ABOUT JIM AND FAYE JONES REALTORS WITH REMAXEXPERTS IN GERMANTOWN, TN.
I have been married over 30 years , have twoadult 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.
EXP REALTY
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ABOUT BILL EMMERLING,VISTA POINTS
Bill joined the Vista Points teamin 2019. He and his wife Lisa currentlyreside in Collierville and as Bill puts it, ‘I’m not from the South but gothere as quick as I could’. Hisexperience working with a local law firm, as well as The Best TimesMagazine have allowed him to become aware of the special needs of WestTennessee. The remainder of Bill’s salesexperience was in the Food Processing and Wholesale Food business. Bill served in the US Army, while stationedin Germany, during the Vietnam War.
While not at work, Bill enjoys time spent with his lovely wife and being on the golf course.
(888) 422-4076 This email address is being protected from spambots. You need JavaScript enabled to view it.
ABOUT JOGARNER-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 need toget 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
