Priscilla Reed #1

We're "Asking the Expert" with United Housing's Priscilla Reed, Home Buyer Education Director and HUD Certified Counselor on The Bev Johnson Show on WDIA Radio.

Episode Transcript

Speaker 1 (00:02):
Don't.

Speaker 2 (00:04):
Memphis probably presents the Ben Johnson Show.

Speaker 3 (00:08):
Let me say bath.

Speaker 4 (00:14):
First, Let make you say.

Speaker 5 (00:21):
She's done, Emphis.

Speaker 6 (00:22):
Do gat.

Speaker 2 (00:29):
No matter of the problem, she can have me.

Speaker 5 (00:32):
So all the phone and the normans of my shed,
Jimmy ring in the hair by challing you to just
keep the thing.

Speaker 7 (00:48):
When Arindle picking out Miss Johnson Show, because we got
out there having here every day.

Speaker 8 (01:00):
W d I hate my Bell got me.

Speaker 5 (01:03):
A missed king.

Speaker 3 (01:48):
Good morning, good morning, good morning, and welcome in to
w d I A The Bev Johnson Show. I'm Bev.
It is indeed a pleasure and a privilege to be
with you this day on Tuesday, March eleventh, twenty twenty five.
Enjoyed this fabulous day to day. Get ready to put

(02:10):
your ears on as we ask the experts. Starting off
first hour, we will talk with our friend sister friend
from the United Housing Priscilla Reed will be in the
house to share information on housing and United Housing. She
will be here with us this day. Second hour, we

(02:31):
will talk about your final expense plans with mister Willie
Jacobs of the Jacobs Final Expense Agency. So put your
ears on as always. When it's your turn to talk,
you know you can. I you need to do I
its dial These numbers nine zero one five three five

(02:53):
nine three four to two eight hundred five zero three
nine three four to two eight three three five three
five nine three four two will get you in to us.
And if this day, this day, Tuesday, March eleven, twenty

(03:23):
twenty five, is your birthday. Happy birthday to each and
every one of y'all out there who may be celebrating
a birthday on these a day. We say God, y'all
go out and celebrate your life. You better, you better.

(03:45):
When we come back, we will talk to the home
buyer Education Director and counselor we United Housing, Priscilla Reed
and me Bev Johnson on The Bev Johnson Show only
on w D. I am how we get a little

(04:55):
joy pain. I got a lot of pain, but I
got joy too. Good morning and welcome in to WD.
I A the Bev Johnson Show. It is indeed a
pleasure and a privilege to be with you on this
beautiful it's a beautiful Tuesday, a spring day in Memphis, Tennessee,

(05:16):
March eleventh, twenty twenty five. Wherever you are, I hope
it's nice. Enjoy your day. Wherever you are, no matter
if your sun, raining, snow, sleet, celebrate your life. You
better well, my sister friend is back in the house
from United Housing. As we say, home ownership starts with

(05:38):
United Housing, and my sister friend is back. Miss Priscilla Read,
the home buyer Education Director and counselor for United Housing.
Good morning, Priscilla, how are your sister?

Speaker 8 (05:52):
Good morning, beb I'm doing great, sister.

Speaker 3 (05:54):
You look at fabulous day. And now where are you
going today? When you going today? Something I'm gonna have
to watch you because you can do. Don't watch too
glamorous over.

Speaker 8 (06:07):
Don't watch me, ma'am, don't watch me now. Don't do
that now, don't do that.

Speaker 3 (06:12):
Okay, sister, do that well. I am so glad to
have you back. Priscilla's always because you give us some
good information when it comes to buying a home, and
that's what you do. You try to help folks in
United Housing. They believe in putting people into homes, right, Priscilla.

Speaker 8 (06:32):
Yes, affordable home, affordable.

Speaker 3 (06:34):
I'm glad you said that affordable homes.

Speaker 8 (06:37):
Affordable home.

Speaker 9 (06:38):
Yes, may afford your home that you're in a home,
would afford it, because that's what's important. That's right, because
you have to live after you buy the house. We
want to make sure that you're able to do that.

Speaker 3 (06:48):
That's right. So today, Priscilla, what did you decide to
talk about last month? You had some good.

Speaker 8 (06:53):
Information about scroll last month.

Speaker 3 (06:55):
Yeah, we did that because a lot of people, Priscilla
don't understan saying what escrow means and what it is,
and you explained it. Yes, and if y'all miss that,
you need to go back on our podcast and listen
to the information that Priscilla gave on escrow. Right.

Speaker 9 (07:12):
Yeah, it's very important that we understand escrow because US
escrow is a part of your mortgage payment, and so
your mortgage payment compromise of interest, principle, taxes, and insurance.
So when you purchase a home, of course your tax
and your insurance, it's a part of your mortgage payment
and it goes into an escroal account with the lender.

(07:33):
And so each month when you make a payment, so
much of that money is going into that escrow account,
and that money it's like a escal accounts like a
storage room, and so that money goes in there so
that they sold that the lender can pay your property
tax and your insurance while you still have a mortgage
with them. Now, once you pay off your mortgage, then
of course you have to You are now responsible to

(07:53):
right to check yourself for your tax and your insurance.

Speaker 8 (07:56):
You don't.

Speaker 9 (07:57):
It doesn't eliminate you from having taxes and insurance. It's
just that now you're going to have to write it
directly to yourself, paid your directly, step the lender sending
them money for you.

Speaker 8 (08:06):
Then of course you'll pay it directly.

Speaker 9 (08:08):
And escoes are good to have because that way you
don't have to worry about trying to save that money up.
You know what I'm saying. So you know how we do.
We'll save we try to say or always I get
my income taxes right exactly, and then we don't have
the money.

Speaker 8 (08:20):
So you know.

Speaker 9 (08:21):
Yeah, but yeah, that's what ESCO is all about. And
the escrow can go up and it can't go down.
And when it does that then of course it's gonna
it's gonna reflect a change in your mortgage payment.

Speaker 8 (08:30):
And that's what I want.

Speaker 9 (08:31):
That's what I was talking about last week was that
you know, uh, even if you have a fixed rate mortgage,
because you have an ESCO attached to your your mortgage payment,
and if your tax and your insurance was the increase,
then of course your mortgage payment will increase.

Speaker 8 (08:44):
And that that was the whole scenario on our last show.

Speaker 3 (08:48):
Okay, so today you want to talk about.

Speaker 9 (08:51):
Well, I was thinking about that, you know, and I
was right now, I am so focused on sustainability. You know,
there are so many people on here talk about obtaining
a home, how to get a home, blah blahlah. But
then I won't talk about how to keep the home.

Speaker 3 (09:06):
That's right, because a lot of people lose their home.

Speaker 8 (09:09):
Yeah.

Speaker 9 (09:10):
I mean when I'm listening to you on the I
listen to you faithfully, and I'm listening to everybody that
comes on. All these good people that come on, I
love them all deal. I probably work with most of
all of them that comes on here. But uh, you
know they're always talking about, you know, how to buy
a home, right to buy home. So I thought we
need to talk about how do we keep a home,
because I think that's to me, it's more important than

(09:31):
the actually, well just as important as buying they're gonna say,
more important, just as important as buying a home. And
so we need to talk about those type things. You know,
how you know, how you lose a house, how do
you keep a house? And so number one I'd like
to talk about is when you buy a home. Once
you buy a home, that does not mean for you
to go and increase your debt load. I think so

(09:52):
many times if you buy a house and they want
everything new, right and right, yeah, and you hadn't even
got a chance to get acclimated to home ownership. There
is so much to come with home ownership. It's more
than just making a mortgage payment. You got repairs, you know,
things of that nature. It's not if something gonna happen,
it's when it's going to happen. So one of the
things that we teaching you not in the house and
we have a post purchase counseling session. And then that

(10:15):
post purchase counseling session, we sit down with homeowners and
we go over their budget and we help them to
identify waste, you know, help them to be able to
relocate their funds and put those farms where it's going
to be, where it's going to make money for them.
Help them to try to create an action step plan
to get out of debt.

Speaker 8 (10:35):
So sustainability is just so crucial.

Speaker 9 (10:39):
And another thing too is that inherited properties, we have
to keep those properties in their family. So many times
we see where people, you know, when they inherit a property,
they a lot of times don't want to deal with
the madness, right, And so what I like to go
on here and just say that, you know, it's hard

(10:59):
to it's hard for homes to be kept when you
got all these investors out here buying up all the
house okay, and they are they are aggressive in buying.
They're buying like I mean, time my home come on
the markets affordable, they're they're snatching it up. And so
what's going to happen. Eventually we're gonna be we're gonna

(11:22):
be renting instead of being able to buy. You're gonna
be renting, right, And so I would like, you know,
this is everybody here sounding my voice. You know, think
twice about selling your home to an investor. I'm not
saying there's a wrong thing, but you know, I would
like to see that home go to a family. You know,
our family sell investors because investor has thousand thousands of homes,

(11:43):
a thousand thousands of homes in all these neighborhoods, and
they're not they're the I mean, they're not in the businesto.

Speaker 8 (11:50):
Uh, they're the business renting.

Speaker 9 (11:52):
So they're not gonna put those homes on the market
marketing to sell them back, you know, sell them to you.
And so you don't want to have your shelter depending
on somebody else. What I mean is meaning saying this,
you're gonna buy a house, whether you rent it or
whether you buy for yourself, but you're gonna buy a
house for somebody else or you're gonna buy it for yourself.
So I just I just really feel like I need

(12:14):
to talk about that. Saving your home and your family,
pass that house own to the next generation, build wealth
within your Family's so important that we do that because
you know, it's gonna help each generation to help wealth
in their family. And so it's important that you really
think twice about, you know, when you're talking about buying

(12:35):
a house and then so so those are things I
kind of like wan't to talk about.

Speaker 8 (12:38):
And also too, like equity.

Speaker 9 (12:41):
That's another big thing that I won't talk about today too,
because you know, people have equity in their home and
so the appraise value of your home. So if your
home a praise for one hundred thousand dollars, then all actuality,
your equity is a one hundred thousand dollars. Now, if you
have a loan, for example, get your example, so your

(13:01):
house praise one hundred thousand dollars, and that is your honestly,
that is your equity, one hundred thousand dollars.

Speaker 8 (13:09):
The praise value equals your equity.

Speaker 9 (13:11):
However, if you have a loan or lean on that house,
and let's say lean for ninety thousand dollars, then ninety
thousand dollars of your equity you know, is tied up
in a lean, so you only really have ten thousand
dollars available to you. As long as you have leans
on your house, you're not obligated to all of your
equity because you need to get the leans off of

(13:32):
your house in order to have all of your equity
available to you. And so that's what some people don't understand.
But so if your house, whatever your house is value
that that is your equity. But if you got loans
out there then tied up, then then part of your
equity is tied up into a loan where you cannot
have access to it. And the part that you can

(13:52):
have access to, you have to you have. It's only
two ways to get that out. You have to either
borrow against it or sell the house. Yeah, and a
lot of people borrow against their equity, and they do
things like home improvements. They borrow their equity to take
trips to pay for when they borrow their equity to

(14:13):
consolidate debts. But I want to go out there and say,
when you do apply for a loan to borrow your equity,
know that there's another lian that's going to be put
on your house. So each and every time you borrow
against your house, that's gonna be a lean. And you
want to be very careful with that because you would

(14:33):
hate to lose your home if you own to borrow
ten thousand dollars. Let's say you borrow it. Say let's
say your home is paid for and you get this
flyer in the mail say, oh that's it a consolidate
do some home improvements. And you think, well, yeah, I
can do that. Let me go borrow ten thousand dollars
of my equity. Well that ten thousand dollars your equity
will that loan will put a lien on your house.

Speaker 8 (14:55):
For ten thousand dollars. Right, But let's just say that
for some.

Speaker 9 (14:58):
Counter read, something happen and you can't pay it, and
they say you owe the lender eight thousand dollars now, right,
but your house is valued at two hundred thousand. If
you don't pay that eight thousand dollars, you know, they
can take your house, right.

Speaker 8 (15:12):
See.

Speaker 3 (15:12):
So now that a lot of people don't know that though. Well,
you're right, So let's be clear. So where you you've
gone to get an equity loan at your lender or
whatever you choose, and you say you're gonna pay them back,
you don't pay them that bank, even though your house
is paid off, they can take your house.

Speaker 8 (15:34):
Your house was paid off.

Speaker 10 (15:35):
I mean.

Speaker 8 (15:38):
You see. And that's why I try that's why I'm
here trying to educate people.

Speaker 3 (15:41):
Yeah, because see people don't know.

Speaker 11 (15:43):
Yeah.

Speaker 9 (15:43):
And so you think, okay, well I'm just gonna borrow
ten thousand dollars, right, and you said, okay, that's fine,
but make sure you pay it back because if you don't,
take a foreclothes on you and take the whole house.

Speaker 8 (15:53):
So I mean, that's the whole house. So that's why
I want.

Speaker 9 (15:58):
To bring that to people attention, because I get that
class sometime or somebody may call means me should I refinance?
And you know that's all I mean, that's really a
personal choice. But I try to explain you know, you know,
the disadvantage in my opinion, you know, as to you
know doing that. I mean, you know, if you need

(16:19):
the money, I get that, right, But just know that
each and every time you borrow money against your house,
you'll put in your house back in debt and they
can and if you don't pay that back, then of
course they can fore clothes on you. And I just
want people to know that because I know it's a
lot of this time of the year, it's home improvement loans.

Speaker 3 (16:36):
Get home improvement on right, because you know what you're
You're right, you are right, Priscilla, because I've been seeing
a lot of them popping up on television.

Speaker 9 (16:44):
Yes, yes, yes, So this time of year're gonna get
a lot of marketing and saying come on, get some
echo down of your house and come on, you know,
and things of that nature, and so you don't I
had a couple, I mean, I mean I had a
client about a few weeks ago and they bought their house.
And I won't say in the eighties. I think it's
only eighties, so you know, it's been over thirty years.

(17:05):
And my question was why you still have a mortgage,
you know, because most mortgage terms are thirty years, right,
you know, thirty years. And they was like, well, mss
read we we went and got some money after Oh,
there it is, you know, they went money at the house.
And because I was wondering why you still have a
mortgage and they've gotten behind on that mortgage and so
and it's not for a whole lot of money, but

(17:28):
if they don't pay it back, then the liner's going
to take the home. You see what I'm saying. So
that's why I really want to stress that out today.
Think about these things before you actually, you know, take action,
because your home is your assets, and you voltad to
pass down to most peo buy because they want to
pass down some down to their children, which you should
want to pass some down to your children, you know.

(17:50):
So I want to just give caution just think about
that type of thing because you're putting things on your
homes and of course your home can be taken from
you if you don't pay those leans back.

Speaker 8 (18:00):
All right.

Speaker 3 (18:01):
We are talking with Priscilla Read today. She is our
home buyer Education Director and certified HUD counselor with United Housing.
We are talking about sustainability today, but if you have
any question about home ownership, Priscilla can answer those questions
for you. Nine zero one five three five, nine three

(18:24):
four two eight hundred five zero three nine three four
two eight three three five three five nine three four two.
If you can't call in, you'd like to email a
question to Priscilla. My email is Bev Johnson at iHeartMedia
dot com. Bev Johnson at iHeartMedia dot com. You're listening

(18:51):
to doub d Ia just show.

Speaker 12 (19:08):
Don't go away. The Bev Johnson Show returns after these messages.

Speaker 4 (19:31):
Ever you did, Areth, I'm telling everyone talking.

Speaker 3 (19:51):
Everyone, Welcome back. We are talking with Priscilla Reed of
United Housing, the by education Director and certified hood counselor.
Priscilla going to her phone lines to talk with Larry. Hi,
Larry are you doing I'm doing fine, Larry.

Speaker 10 (20:13):
How are you well? It's been a long road, but
I've been driving.

Speaker 3 (20:20):
Well. I'm glad you're still driving. Larry. You have a question,
Larry for Priscilla.

Speaker 13 (20:28):
Yes, ma'am, when you're retire, is it what can you
do by you know, buying houses when you're retired, since
they you know's any kind of program you all have
when you're retired.

Speaker 10 (20:49):
You know, you know that money as big as it
used to be when you retired, but it's any kind
of program with the hood that can land you in
a house.

Speaker 9 (20:58):
Well, Larry, unfortunately, you know you have to have some
type of resource to buy a house. And just because
you retired doesn't mean that you can't buy a home.
It depends on how much income you have.

Speaker 6 (21:12):
Uh.

Speaker 9 (21:12):
Normally when someone retired, their income is smaller than they
would had they been working. But it just depends on
how much debt you have. And I'm gonna send it
depends on the income. We've had people to buy homies
on Social Security before we had people to buy a
Social Security pension.

Speaker 8 (21:28):
So it just depends. Is it something that we would.

Speaker 10 (21:31):
Have to look at.

Speaker 8 (21:31):
Yeah, but that doesn't mean you cannot be a homeowner, right.

Speaker 10 (21:36):
Right when I would just ask you the questions, I
ain't trying to buy nothing. I got too much. Everybody
that some people need to.

Speaker 8 (21:42):
Know, well, yeah, yeah, some people probably wondering that.

Speaker 13 (21:45):
Yeah, because they retirement.

Speaker 10 (21:48):
Yeah, a lot of people that retired were getting we
at that age now that we need to sit down,
But a lot of them ay sitting down eas though,
But well I wanted them to know that, but they
still can buy a lot of people retire they think
they can't buy nothing with you know, with that money.
But as long as I felt like, you know, I
felt like as long as they credit was pretty decent

(22:11):
and and maybe they can give a girlfriend if they
you know, helping with.

Speaker 1 (22:15):
The with the.

Speaker 10 (22:21):
Y'all would be good at all.

Speaker 9 (22:22):
Right, Yeah, you want people to know you can't buy
a home if you don't fix income. That's what he's
getting at. Yeah, and there's nothing wrong man. Yeah, you
can't buy house as long as your debt ratio and
your housing race shows are in line with the with
the Linder program. And of course now as for it's
like down payment assistance, there's some funds out here for
down payment systet. You have to qualify for it, but

(22:44):
there is some help to help you with the closing
costs and your down payment. So there is some help
out here. You just have to have a good loan
officer someone to help you to tap into those funds.
But yeah, you can buy a house if you retire,
nothing wrong with that at all, And there's no there's
no discrimination against eight.

Speaker 8 (23:01):
You can be ninety nine years old.

Speaker 9 (23:03):
And still buy it and still buy home, but thirty
of your loan, so long as you can pay for
it thirty year loan, nine nine years old, you can
do that. There's a discrimination against the age, you know,
So as long as you fit the guidelines, then you
home free. So I'm glad he did bring next us
bring that up because there's some people out there probably
think about buying a home. Oh yeah, and think that
they can't afford it because of their fixed income.

Speaker 1 (23:24):
Uh huh.

Speaker 9 (23:24):
Yeah, No, you could buy a home if you if
your debt race shows in order, your house and race
shows in order, and your credits in the order, then
yes you can buy a house. But what I do
want to say is that speaking of buying a home,
is that you know, keep in mind, you guys, that
you still have to have some upfront money to buy
a house. So and the upfront money, it seems like
for first of all, their credit report. Of course, you

(23:46):
got to pay the linder for that. Then you also
have to pay money for your earnest money. So when
you find that house, the house that you're looking for,
you're gonna have to put honest morney down. The earnest
money can run from five hundred dollars on up. That
money is held in an escal account. It's not the
same eskrols we were talking about last month, you know holders,
but it's helped with the escraal account. And so that

(24:07):
money is held there. And now the seller is using
to sell, help sign the purchase contract. You're in it
buying an agreement. So that money is there to say, hey, seller,
I am sincere about buying your home, so don't show
your home to anybody. So that money is like a
it's like a collateral sort of type like Okay, this

(24:27):
money gonna show you that my sincerity and that money
can be used to go towards the purchase of the
home if necessary. And so that money is there, and
you're also gonna have to have some money for a
home inspection and an appraisal.

Speaker 8 (24:41):
So you're gonna have to have some money up.

Speaker 3 (24:44):
Some money, some kind of pow you just have something to.

Speaker 9 (24:47):
Do with down payment, help they with clothes and call
this is money, you're gonna have to have up front
so that so that you know, so you can start
saving that money, getting this income tech money coming back.

Speaker 8 (24:56):
Now you want to buy a house, I.

Speaker 9 (24:58):
Suggest save you know, two or three thousand dollars just
for those things by itself.

Speaker 1 (25:03):
You know.

Speaker 8 (25:03):
I just want to put that out there.

Speaker 3 (25:05):
Yeah, yeah, because because because when you talk about it,
and I know you talked about in your class that
when you're thinking about buying a home, PRISIONA, you you
need to start thinking about saving if you have not
saved any money.

Speaker 9 (25:18):
Yes, I think that you set a goal. We talk
about goals setting. Okay, pass as well. Okay, so let's
say this year came in and you know, you know
I'm gonna buy a house in twenty twenty five, okay
when and you put a specific okay November. Okay, so
you're gonna buy November. Now you've set that go to buy.
So now you got to work start working towards those goals,
putting those action steps in place, whether that being paying

(25:40):
out some debts, saving.

Speaker 8 (25:41):
Money, whatever you need to do it.

Speaker 9 (25:42):
And then you're not a house and have a pre
purchased counseling session where we will help you do that.
We'll sit down with you one on one and we'll
look at your capacity. You know, your capacity is your income,
how much income you have coming in. We'll look at
your credit and everything. See it's your credit ready, worth ready,
and we also look at your also look at your capital.
See do you have enough funds to take care of

(26:03):
those things I just mentioned? And do you have money
for down payment or do you have money for closing costs?
And so we look at that. We call that's called
our pre purchase counseling session, and so we do that
one on one. This has nothing to do with the class,
but this is one on one and we help you
to identify you know, if you are currently ready, and
if you're not currently ready, then we give you some

(26:24):
action stuff to help you to get to that point.
And so and then we give it We just we
show you the action things you need to do and
then we give it back to you. Then you begin
to work towards those things and so you can try
to reach that home ownership goal.

Speaker 8 (26:36):
And some people say, well how long is it going
to take?

Speaker 9 (26:38):
Is that each individual is different, everybody credit is different,
the situation, income, situation is different. So it just depends
on you as an individual, but we do. We have
been very successful in getting people from point A to
point we get them to a closing table. We've been
very successful in doing that and helping them to identify
the right mortgage for themselves because they're so that's another

(26:59):
thing too, there's so many different type of mortgage programs
out there and we don't know that, and so we
just go into a lender's office. I want to apply
for a mortgage. And so you may leave out with
a FAH loan. There's something wrong with the FAH loan.
But know that an FAH loan you must put three
and a half percent down.

Speaker 8 (27:17):
That's a must.

Speaker 9 (27:18):
You gonna have three and a half percent down, and
you may can get some assistance in doing that from
some other non profit organization or from the City of
Memphis or from THHG. You may can get help with that,
but just know that FAH does not finance a house
at one hundred percent. You're gonna put three and a
half percent down plus your clothing costs.

Speaker 8 (27:35):
And yeah, so let.

Speaker 9 (27:37):
Me say that people, because some people seem to think
that their closing costs and down payments the same thing.
But it's not so closing costs compromise of a lot
of different charges, different fees, and say charge different fees,
but your down payment, it's a difference. It's a difference
of one hundred percent. So for example, if the bank said, well,
well you got approve for a loan at eighty percent,

(27:58):
that means at twenty percent you're gonna have to put
down right, So that so know that. So when you
guys see that them advertising, when you see them to
advertising ninety percent or they say ninety LTV that's loan
to value, that means that they don't gonna loan you
ninety percent. That means you have to put ten percent down.
So the difference between one hundred percent and what they're

(28:18):
gonna loan is what your damn payment is.

Speaker 8 (28:20):
So if you get a.

Speaker 9 (28:21):
Loan approved for eighty five percent, then that's going to
mean that you got to put fifteen percent down.

Speaker 3 (28:26):
Okay, I'm gonna go to a phone line, have someone
holding w.

Speaker 1 (28:30):
D I A.

Speaker 14 (28:32):
I call her good morning, how you beb and Priscilla morning?

Speaker 3 (28:38):
How are you all right?

Speaker 13 (28:40):
Yeah?

Speaker 14 (28:40):
I have sent you an email, but she answered a
little bit of my question on the f A.

Speaker 8 (28:44):
JB.

Speaker 3 (28:44):
What was B eight? What was the question of Anita?

Speaker 14 (28:47):
There was a question of what's the different of fah
FHA mortgage handel B eight margin mortgage?

Speaker 3 (28:55):
Okay VH.

Speaker 14 (28:57):
And then I want to ask her like, if you
come you all, if you have already pull your credit report,
and can you bring your credit report that you all
keep you from putting another?

Speaker 8 (29:08):
Yeah, sure you can. You can bring yours.

Speaker 9 (29:11):
But even if we were to pull one, it's not
going to affect your score anyway. But don't let it
be a age I don't need an age report. I
need something more, at least within the past ninety What
I'm saying.

Speaker 14 (29:22):
When you get your pre credit report, you know they
allowed you to get your free credit report twelve. Yeah,
but here's the thing yourself.

Speaker 9 (29:30):
Yeah, but here's the thing it was not. It was
not going to show your credit score. Those free credit
reports you had to pay for that credit score. They're
not going to show you the credit score. So what
we do We put this showed mine?

Speaker 14 (29:41):
Tell me what I owe?

Speaker 15 (29:42):
What is nextive on mine?

Speaker 8 (29:44):
Oh?

Speaker 3 (29:44):
Did it? Okay? Now, now wait a minute. You say
that showed what it showed the companies that you owed,
or it showed the number of your score. What are
you saying?

Speaker 14 (29:55):
Where they showed my score and showed me who I
owe and and this show how much I owe them,
And that wasn't on my on my report.

Speaker 9 (30:04):
Because normally they don't. You have to purchase that score.
They will show you everything that you know me with me, Well,
I am happy for you then because.

Speaker 6 (30:14):
Normally they.

Speaker 9 (30:17):
Okay, go, normally they don't show you that. But unless
they change, you know I had, I'm not aware of it.
But when you come to United House and we do
what we call a soft pool, it has no bearing,
no negative bearing on your score whatsoever. We pull your credit.
We pull from all three credit bureaus. And know this,
if you hear my boys and Linda use the middle score.

(30:39):
So no, and they use fight cod scores because I
think there's other scores. I don't think there is other
scores out there, and so credit karma. People use credit
Karma a lot, try to keep a breast on their scores.
But credit Carma are not fight code scores. So just no,
so you need to fight code. Yeah, and so yeah,

(31:00):
that's what the bank use. They use the middle score,
so change you eck effect and experience. They're gonna use
whatever score is in the middle. So some people may say,
I might gotta have a hundred score, but if that's
not the the middle score, then the bank is only
gonna use the middle score.

Speaker 8 (31:14):
So know that, you guys.

Speaker 9 (31:15):
So but we pull the credit report for you, and
we'll look at everything for you and see whether or
not you know your credit would be acceptable to a lender.
Then they just like to see at least least four
trade through to four trade lines that you've been paying
good for the past and they mostly focused on the
last two years, and that's what we kind of focus
on too, is the last two years of how you've

(31:36):
been paying your debts and things of that nature. Because
here's the thing, bam, you know, and you're gonna you're
talking about a large summer money to be paid back
over most most like a thirty year period. That is
a long time to be obligated to the debt. And
so you think about that, right and whatever. You pull
somebody of credit and they can't pay nobody back in

(31:56):
twelve months, so it's like, oh am, I gonna look
this person go like thirty they gonna I mean, they can't,
they can't pay bills back within twelve months and years.
So what kind of risk am I taking them with
this person? That's what the bank looks at risk. You know,
they're looking at you know what, what's the likelihood you're
going to default on this loan. I don't want to
make a loan if you're going to default on it, right,

(32:17):
But know that you guys that lenders want to say
yes because they make a whole lot of money on
a thirty year mortgage and so you're probably gonna pay
twice as much for the house, but you know, but
so that's why they do these mortgages, and they don't
want to say no because that's how they make their money.
Banks say loan, and that's how they make their money.

(32:38):
And so just know that, you know, they don't want
to say no to you. And if you don't have
a whole lot of credit, you may think, well I
don't have a lot of credit. That does not mean
you cannot qualify for a mortgage because bank use what
they call non traditional credit, things that are not just
not reporting on your credit bureau. It could be daycare, right,
it could be utilities. They just want to see that
they can trust you to pay back of that that's

(33:00):
what they're looking for, and just like that's what you'll
be looking for, right all right.

Speaker 3 (33:04):
We're gonna take a break hold on callers. We're gonna
get you. Priscilla's gonna answer your questions, and we're gonna
also when we come back Priscilla, so you can tell
a need of the difference between f h A and
VA mortgage. And we are talking home ownership today and
sustainability with Priscilla Read, the home Buyer Education Director and

(33:27):
certified hood Counseling with United Housing. You're listening to Double
You d i.

Speaker 8 (33:34):
A The Bev Johnson Show.

Speaker 2 (33:48):
Got Something to Say? Say It next with Tennessee Radio
Hall of Famer Bev Johnson on w d I AVER.

Speaker 5 (34:17):
The Working Hard to Bring you Out day.

Speaker 3 (34:44):
And we're talking home ownership with Priscilla Red. Going to
our phone lines to talk with you. Thank you for waiting. Hey, Tony,
Hello you today, Miss Belle. I'm doing fabulous. How are you, Tony?

Speaker 1 (34:57):
I am great, I am great. Thank you for I'll
take at my call and thank you Miss Machilla. I
have a quick question. I have a sister law that
hash property and their homes on it. My brother passed away,
and she's, uh, I think she's like late sixties and
she's retired and everything. Are they any loans out there
for her to possibly be able to get these houses
either rebuild, duke she's able to put condos there. I'm

(35:21):
not condos but duplexures there. And my thought was that
she could one would pay for herself. What kind of
loans could she possibly get at her age and everything?

Speaker 9 (35:30):
Okay, let's go back. Can we kind of let me
make sure I understand you corrected? She did she inhir
these homes?

Speaker 1 (35:37):
Well, my brother passed away.

Speaker 9 (35:39):
To pass away, and so she in harried the property, right,
your brother this is your brother's wife, yes, ma'am. Okay,
so your brother wife now owns these properties, yes, ma'am.
And so she's wanted to do what exactly, Well, the.

Speaker 1 (35:56):
Houses are you know, they're old and kind of run down,
and they you know, she's not renting them out because
they're old and run down.

Speaker 3 (36:03):
So she wants a repair, repair loans or rebuild.

Speaker 1 (36:08):
I was thinking probably be better to rebuild.

Speaker 9 (36:10):
As I'm thinking, well, I can't say because she probably
getting an inspection to find out how bad it is.
Because I can't say what would be the best loan
for her to get. But I can say that those
properties I know, like I was just mentioned when when
I first came on about keeping these properties in our
families and things of that nature. So I would suggest
her to kind of get some input as to what

(36:32):
is going to cost for her to get these home
up to where they are can pass inspection so that
they can actually be livable if she don't help, because here,
these are not going to be investment proper. When I'm
hearing these are investment properties, they won't be owner occupied,
So the qualification is a little different when you when

(36:54):
you talk about investment properties and so yeah, and there's
like there's not a whole lot of special loans there
for investment properties. But she may be able to, she
may be able to she own her own home that
she lives in right.

Speaker 1 (37:06):
Now, yes, ma'am, Yes, ma'am.

Speaker 9 (37:08):
Okay, because I was saying I don't. I'm not a
pet pee of grabbing equity out of your house.

Speaker 8 (37:13):
I am not. But if you need it, you know,
if you need it, you got a plan.

Speaker 9 (37:17):
If you got a plan, a clear club plan, and
know what you're going to do, then you know, I
was thinking, I said, well, maybe she could probably get
something and then get the house fixed or not f
h A, but no, it has to be on the occupy.
Faja has a has a loan that repairs houses, but
it has to be on an occupied and that's not
her primary residence, so not occupied.

Speaker 8 (37:38):
But I was her her I would try first, I'll
get an inspection. What was that?

Speaker 1 (37:43):
Now? What about veteran loans?

Speaker 9 (37:47):
VAHR does an investment investment properties?

Speaker 8 (37:50):
No, they will help you there.

Speaker 9 (37:51):
They would help that veteran of that veteran's spouse to
have there to pay for their primary home. They're sheltered,
you know, the one they're going to live in. But
they are not in the business of paying for or
financing investment properties.

Speaker 3 (38:06):
And I'm gonna suggest Tony, if you listen, let's see,
I was thinking, I'm trying to think when Ruth Phillips
will be here. She will be here on the twentieth,
and she works for Cayden's Bank. And if you call
back and ask those questions, I'm sure that Ruth will
be able to to help you out on that. She'll

(38:26):
be here on the twentieth, So put that on your calendar.
Ruth will be here on the twentieth.

Speaker 1 (38:31):
All right, thank you Tony, thank.

Speaker 8 (38:35):
You Tony for Colin.

Speaker 9 (38:36):
Yes, yeah, when you all right bye bye.

Speaker 3 (38:39):
Yeah.

Speaker 8 (38:40):
You know you inherited.

Speaker 9 (38:41):
Properties and things like that, you know, and when you
don't have if they're not, you know, livable, you have
to come out a whole lot of money and get
them fixed up.

Speaker 8 (38:49):
There is that, you know.

Speaker 9 (38:50):
You have to think about that, you know now Gota
said that that you get them calls all the time,
they say.

Speaker 3 (38:54):
They'll buye is right, exactly buy it.

Speaker 9 (38:57):
But you know she probably don't want to sell the proper,
keep proper, keep that property in your family because there again,
you know, like I was telling my class on Saturday,
I was like, you know, the real estate is the land. Yes,
you know, I mean he has you know, what's on
top of the land brings value to the house. But
yet it's still she has to land. That houses are

(39:17):
not in the condition that she wanted to be. She said, men,
if they if they dilapidated, she made want just gone.

Speaker 8 (39:22):
And just clear it off and hold on to her.

Speaker 3 (39:24):
Lane, hold on to her land. Unforgetful.

Speaker 15 (39:28):
I want to talk to the young lady about the
credits situation. And stuff.

Speaker 3 (39:32):
Okay, what about the credit.

Speaker 15 (39:34):
Do you have to have credit to buy a house?

Speaker 9 (39:37):
Yeah, you have to have credit to buy cash unless
you got cash.

Speaker 8 (39:40):
I'm forgetful. You got cash, you don't need credit.

Speaker 3 (39:44):
You got cash, forgetful cash credit.

Speaker 11 (39:48):
You got cash, you could buy the house. But if
you ain't got no credit, that means you can't buy the.

Speaker 9 (39:53):
House because you have to prove to the lender that
your trustworthy, that the lender has to assess their risk.
I mean, it's just like I don't even know you,
I'm forgeted, and I come and ask you for a
ten thousand dollars. I don't think you're just gonna hand
it over to me, are you.

Speaker 7 (40:07):
Not?

Speaker 8 (40:09):
What I said?

Speaker 9 (40:10):
What if I came to ask you for ten thousand dollars,
you just gonna hand me over ten thousand dollars?

Speaker 8 (40:13):
They about ten thousand.

Speaker 15 (40:14):
Dollars you got, You got some collabibal?

Speaker 9 (40:17):
Oh if I got some collateribal. That's a good point.
That's a good point. But but but the problem.

Speaker 11 (40:22):
I mean, why should a person like me who have
this money and all this money and stuff, and when
I go to people and try to do beers with them,
they always come out with you. Well you ain't got
no credit report.

Speaker 15 (40:35):
That's excrimination to me.

Speaker 8 (40:37):
Well no, not really.

Speaker 9 (40:38):
Now you want to make sure that these people are
gonna be able to pay you back because the bank
don't want the house.

Speaker 8 (40:42):
They want the house. They bought the house themselves, so
they really don't.

Speaker 11 (40:45):
Want the house they want they want to get.

Speaker 3 (40:50):
Id that, but.

Speaker 8 (40:51):
They don't want to take that risk.

Speaker 9 (40:53):
I'm forget they want they want to make money off
the house.

Speaker 8 (40:56):
It's about making problem.

Speaker 15 (40:57):
How did I get past that?

Speaker 10 (40:59):
Then?

Speaker 15 (40:59):
When I at collateral, like let's say a quarter a
million dollars.

Speaker 3 (41:04):
While you ate by the house, that's cash money. If
you have a quarter of a million dollars, go on
and buy them houses.

Speaker 15 (41:13):
Unforgetful, So why I have to deal with this credit now?

Speaker 3 (41:16):
You don't have to deal with the credit stuff if
you got cash money. That's what I'm saying, Priscilla said,
if you have cash, you can buy a house. But
if you don't have cash, people go to banks to
try to get the cash so they can buy houses.
That's when they're gonna ask you about your credit. But
if you have cash, pay the cash.

Speaker 15 (41:38):
Can I put it in way?

Speaker 1 (41:39):
Balls down?

Speaker 3 (41:41):
Get out of here and forgetful buy what.

Speaker 15 (41:49):
That credit stuff is discrimination? I don't like dealing.

Speaker 2 (41:53):
With it there.

Speaker 3 (41:54):
Okay, all right, thank you, I'm forgetful one. Well use
your cash money, brother, use o cash money. W D
I a high.

Speaker 6 (42:03):
Caller, Hey, bib, how you doing?

Speaker 3 (42:05):
I'm doing fabulous and you I'm not doing bad?

Speaker 10 (42:09):
Too bad myself? Bill?

Speaker 3 (42:10):
Okay, what do you say?

Speaker 16 (42:13):
I said, I was wanting to acculate it.

Speaker 17 (42:15):
Uh, it's there's still a lot of red lining going on.

Speaker 16 (42:18):
Because I ride through South Memphis, North Memphis, I see
a lot of houses and bad shay, well, grandmama and
them that lived all their lack rage, they children and
and then needs a facelift, you know.

Speaker 17 (42:29):
And I was just wondering, Uh, you know they it's
a lot of red lining going on through North and
South Memphis because, like you said, these investors that come
in and buy a grandmama in them house.

Speaker 16 (42:40):
For a little or nothing, but yet still they can't
can't they can't go.

Speaker 10 (42:44):
To the bank and and and and.

Speaker 16 (42:47):
Get some money to give a facelift.

Speaker 10 (42:48):
I just want of thoselves.

Speaker 15 (42:49):
Still a lot of red lining going on.

Speaker 9 (42:52):
Oh so the word red line, So let me give
you let me tell you what that actually means. So
when you say red line, that means that back in
the days where there was a certain part of the
neighborhoods where certain people could not live, so they would
red line you. You know, they steer you to a
certain part of the city. You know you can't go

(43:12):
on that side, can't go on that sign. So you
say red lining, I'm gonna say that it's just against
the law to have red lining. Let me say that
it's against the law for two red line. But as
far as people that own these homes in these neighborhoods
and they can't be repaired or passing down Grandmama house,
that's why it's so important that we do get life

(43:33):
insurance first of all. I mean life insurance is very important.
And I say that because you know, if whoever passed away,
they leave life insurance money, then they could that money
could be used to fix up a home, That money
can be used to pay off a mortgage.

Speaker 8 (43:46):
Right.

Speaker 9 (43:46):
But you can't blame red lining on someone individual property.
It's all in the mindset. It's what they you know,
people just and like we don't have the money. That's
why it's the point said we're having that life insurance
say aiving money to take care of your home, showing
pride in ownership. That's an individual choice. And like I said,

(44:07):
some people don't have the money to get it fixed.
And a lot of times when homes have passed down
through the family, and if that child owns their own home,
of course they don't want to come back to what
we call the neighborhood. They don't want to come back,
and so they say, well, we'll try to sell our
parents home. But the home is in need of a
lot of repairs. Then of course there's not a liner

(44:27):
that's that's going to purchase the help so in purchase
the house because it's damaged collateral. So it's all about
educating and taking care of that home before it gets
you to that degree. That's why I was talking about
sustainability when I first got on here, is that you know,
buy a home that you can afford, a home you
can afford to pay, the home that you can afford
to maintain.

Speaker 8 (44:49):
Because it's more that it's important for us.

Speaker 9 (44:50):
To start maintaining our homes, and your home should be
one of your first priority because you've invested a whole
lot of money in that house. And you want to
pass it that so I don't think it has nothing
to do with real life. Has a point that we
have to change our mindset and handle our money differently
and understand, you know that we're responsible for this home,
and so we pass it down to the next generating

(45:12):
they're responsible for that home. And again I'm going to
say it again, and life insurance is truly important to
leave for the next person to be able to maintain
that house.

Speaker 16 (45:23):
Yes, Ma, I sure do agree with you on that
they do need insurance as I had a brother to pass.
He left his daughter a big mortgage, you know. But anyway,
I learned something.

Speaker 6 (45:32):
When you see it damage collateral, maybe that's.

Speaker 17 (45:35):
Why the bank would want the law.

Speaker 6 (45:36):
And the money or to get it fixed up, because
you got to.

Speaker 9 (45:39):
Bring it to market value. You have to bring that
house up to market value. And so many times the
funds are not there, the farms is not there.

Speaker 16 (45:47):
Yeah, yes, I got another question I would like to
ask you. Okay, when you talk about s grow all right,
like you said, when you pay your mortgage, your insurance
and your property taxes including in your mortgage, right, yes, okay,
So when you pay.

Speaker 1 (46:03):
Your mortgage, you say your mortgage is.

Speaker 16 (46:05):
You got six percent on it, and so that means
you're paying six percent on your insurance and probably tax.

Speaker 6 (46:12):
Is that right?

Speaker 8 (46:12):
No, sir, not at all. That's so No, not it all.

Speaker 9 (46:16):
A mortgage payment is made of principal, interest, taxes, and insurance. Okay,
the principal and interest is the P and I. That
portion has nothing to do with the escrow portion. So
when you get your paperwork, you're going to sha explain
all to say when you'll see the breakdown. But no,
that that that you're not paying six percent on that

(46:37):
on your escort at all. That money is totally separate
and it goes into a different direction at the bank.
Your your mortgage pay Your interest is only based on
your principle, is not. Your interest is not based on
your tax and your insur only what you borrow from
the bank.

Speaker 16 (46:57):
Okay, Well, I'm glad you know that because I was
thinking out was paying interest, that the interest was included
on my uh uh insurance and taxtic.

Speaker 10 (47:05):
No because I go down.

Speaker 9 (47:11):
No, No, not at all. Know your interest and your
principal it's on. Your interest is tied to the principal
of your loan. The bounce of your loan has to do.

Speaker 3 (47:20):
With the all right, see but we see good. I'm
glad you asked questions. Thank you Marias, Thank you Bill,
Thank you get this last called w D I a
high high caller.

Speaker 6 (47:34):
Hill knew my most beautiful African valley. How are you
doing today?

Speaker 3 (47:37):
My sister, good afternoon, my brother David, how are you?

Speaker 6 (47:41):
I'm doing well? That such a beautiful day. That's a
beautiful day it is. I wish I had Miss Priscilla
to speak to some of the business owners that Billy
ain't about. I rate the times and I tell them,
you know, I can get you in an SBA loan,
but more than likely you're going to have to use

(48:03):
your collateral as a home as one of the assets.
And we're not joking about what's going to happen to
your house if you can't pay this loan back. I
don't know, mister Silla, what they think they signing when
the folks got on there, that you got to put
up your house that's collateral. I don't know what. I

(48:24):
don't know what a mindset is. And like you said,
to risk a two hundred and fifty thousand dollars asset
on ten thousand dollars. Wouldn't you rather just go ahead
and pay more money for the capital and not risk
that ashet? Would you rather do that?

Speaker 9 (48:44):
People don't understand all those things. And that's why I'm
on here because and I realize that's why in my
class I truated stress. I'm very passionate about what I do,
and so I really take make it a point of
actually breaking down things like in elementary form, because I
don't want, you know, the same mistake to be repetitive,

(49:05):
you know, the same thing, people doing the same thing.
So I try to stress first of all, buy what
you can afford, not just to mortgage payment, what you
canna afford to keep up because so many times people
I can afford that mortgage, but can you afford to
keep then you know, can you keep the house up
because it's gonna it's gonna require some some funds to
keep it up. I mean, I'm just gonna be real.
It's not if it's gonna it's not. It's not if

(49:27):
it's going to it's just when it's when you're gonna
need to repair. So that's important. That's one of the
things I stress. And then also I stress them pride
and ownership, taking care. When you see something get about
to break down, go ahead and get it, fits and
calls you more money the lawn run if you don't.
Then also talk about, you know, life insurance, having life insurance,
for leaving for the people behind. These are things that

(49:48):
we discussed in our class whole harder. Then we talk
about that note. I always tell my clients, I said, look, now,
when you go to closing, you're gonna sign a ded
and you're gonna sign this note. Let's talk about that note.
And I begin to let them money, saying that this
is the uses of buying an agreement. You have agreed
to the terms of this loan. This is what you
agreed to. And there's nothing in this loan that say

(50:09):
that you're not supposed to pay them back. If you
were to get sick, if you were to lose a job,
your spouse die, you are obligated.

Speaker 8 (50:15):
That the lender has given you the money. They held
up to their end.

Speaker 9 (50:19):
They gave you the money because you got the keys,
you in this house, and so you know, and they
expect you to pay them back with the terms that
you sign. You sign that you sign that note, and
so I try to really stress that, say, really understand
that if you don't pay back, then yes, they can
come and take your house.

Speaker 8 (50:36):
And you agreed to that when you sign that note.
It's in there.

Speaker 9 (50:39):
Go back and read it. Because people get mad at
the bank order to brank taking my house. They taking
my house, but you're writtennig on the contract. And so
I try to make people understand that. And even if
you were to go and get an equity loan, doesn't
matter equity loan or home improvement loan if you sign
that note and in that note it's say that I

(50:59):
can take your home, you know, if you don't pay
back this debt. And so I really want people to
take that to heart because you know, and linens don't
want to do that. Don't get me wrong, they don't
because they make more money off the interest. But they
have to get some of their money back. They kept
get some of their money back or if not all
of it back, by you know, by confiscating home. And
I'm just praying that you know that people are understanding that,

(51:21):
you know, when you go out there and put your
home out there, because I know home.

Speaker 8 (51:24):
Repairs are needed.

Speaker 9 (51:26):
You know, I'm in the process when the process are
doing some home repairs in our house, and I know
it's needed, but you know, hopefully you have saved the
money you're We teach we go through budgets, you know,
help you to set up an account for home repairs.
Put money back. It's gonna happen. Just put money back.
We try to teach you to handle your money differently
so that you won't have to hopefully you don't have
to use your house as a collateral for home repairs

(51:49):
and things of that nature.

Speaker 6 (51:50):
All right, Well, one of the things too, they could do.
They can pay more for the capitals they want to.
And I know that some folks are against that, but
if it comes down to not being able to pay
the people who you're paying for the higher cost the capital,
then then you can go ahead and get your heat
locked and pay those folks off and be through with them,
and hopefully you can still your man. Cleian. But you

(52:12):
said everything I need here, one question better, and I listen,
and I hang up and listen to an answer. Okay,
isn't the Veteran Administration? Doesn't VA stand for Veteran Administration?
And when you get along, is that correct?

Speaker 8 (52:26):
Yes, it does.

Speaker 6 (52:28):
And doesn't the FAJA stand for Federal Housing Administration? Is
that right?

Speaker 8 (52:33):
Yes?

Speaker 5 (52:33):
It does?

Speaker 6 (52:35):
And is that governmental?

Speaker 9 (52:37):
They are secure, They securitize the loan for the lender.
So there's three types of government loans. You have FAJA,
Federal House Administration. They will not land at one hundred
percent financing. They land at a ninety six point five
percent financing, but their guidelines a little more relaxed. So
that's why a lot of times you get approved for
FAJA because their guidelines a little more relaxed. Then there's

(52:59):
a government loan VA Veteran Administration that's one hundred percent finance.
I mean that you don't have no down payment, but
you have to be in a veteran. You're going to
have your D two fourteen paper as well, so that's
a veteran. And then but VA does not finance investment properties,
and I think a lot of people call it answer
that they don't do that. And then also then you
have a USDA and then they also finance home but

(53:23):
those for rural properties.

Speaker 6 (53:26):
So my question isn't hanging up if the person that
we call the president and I get confused on which
one is the president, whether it's must or Trump. But
if they're cutting these people who do the administration for

(53:46):
the FA, f h A and the us DA, then
how are you, guys, people who do the good work
that you do, or preparing these folks for the processing
which may even take longer with these ridiculous and discriminated
custoes that make it I hang up and listen to
your car.

Speaker 3 (54:06):
Yeah, thank you, David.

Speaker 8 (54:08):
Thank you David for that question. That's beyond our control.

Speaker 9 (54:11):
I mean, honestly, we just have to take the good,
the bad, and ugly, because I mean you have to.
First of all, you don't you don't apply directly through
them anyway. So when you're applying for these government loans,
you go into the bank, right, you go into your
bank X Y Z bank and say I want to
apply for a VA loan and then they do all
the process and things there.

Speaker 8 (54:32):
Now the VA will have that information.

Speaker 9 (54:33):
We will have to be sent over to the VA,
so they have to go over everything, right, But and
how long does that take just depends just I mean,
if they don't have enough staff or whatever, that's beyond
our control. All we can do is just send it
over there. And I mean all the lender can do
is send it over there and get an answer saying
what with the f h A loans? You know that's
all beyond our control.

Speaker 3 (54:55):
Okay, Priscilla, I know we got to wrap up because
mister Jacobs, but but I want you. You need to
come back because this has been so good and I've
been getting emails and folks. So but give people your
number at United Housing.

Speaker 9 (55:10):
Okay, So if you won't have if you have follow
questions things of that nature, please reach out to me.

Speaker 8 (55:15):
And you're not in housing.

Speaker 9 (55:17):
Our number is nine O one two seven two one
one two two and they'll they'll put you into my
voicemail and you can also email me or visit our
website that's www dot u h I n C dot
org and u h I n C dot org and
we have you can it's a tab that say staff.

(55:38):
You can click on my tab and that automatic send
me an email if you have any further questions and
things of that nature. But again you not in house.
We do have home, wee pair of loans. As I
mentioned that we do have home, we pair of loans.
We also are we we're building houses as well. We
got some coming up. And on to my yes one's
coming up up there. Yeah, and we're about to have

(55:58):
a fair with our c Ball. We're gonna have a
housing fair May fifth, the first Saturday made. So I'll
talk more about that when I come back, and I'll
probably end up bringing Sattoo from AUSI Ball with me
so he can talk more about that. So if you're
buying a home, that would be a great opportunity for
you to come out. And we're gonna have different lenders there,
real estate agents and things of that, so you have

(56:19):
all these people up under one roof where you can
actually talk to everybody and see, you know, what they
have to offering things like that. So yeah, so you're
not the house. We're still offering our classes. We just
had our in person class past Saturday, and we offered
classes three times a week. I mean, I'm sorry, three
times a month, so we have evening classes and two
Saturday classes. You know, the class we had this past Saturday,

(56:41):
they were just amazed at the information that they took
back with them And so if you were to talk
to either one of them, they'll tell you take this class.
Take this class, because we make it a point of
really really informing them about the home buying process from
beginning to end so they can make an informed decision. Abe,
biggest person they during the lifetime. But again yes, look, yeah,

(57:04):
look out, look look for you not in the house,
and we're there to help you even to if you're
facing foreclosure or you'll behind on your mortgage. We are
trained to be a media between you and your mortgage
com there's no FEFA, there's no charge for that service.
But don't wait till you got to sell date like tomorrow,
you know, be there. Yeah, so soon you start to

(57:24):
get behind, start seeking assistance.

Speaker 3 (57:26):
Okay, sounds good, Priscilla, you were fabulous today.

Speaker 9 (57:29):
Thank you, Thank you. Look for you next month, Yes, ma'am.
And hi Mississippi. Eve my home people down there, they
are always listening. So hey Mississippi, Hey Mississippi. But yeah,
so thank you Bell for having us. We look forward
to coming back on next month. And thank callers. Thank you,
bib I get I won't say that too. I get
a lot of people that call me and say they
heard me on your radio. Yeah, so yeah they say that,

(57:52):
thank you guys for supporting you. Not in hours and
and come and listening to us on beab Johnson.

Speaker 3 (57:57):
All right, miss Priscilla read the Home by Edgecation director
and certified hood counselor as we get ready to go
to the other side of the BEB Johnson Show right
here on w d IA, The.

Speaker 7 (58:13):
BEV Johnson Show.

Speaker 12 (58:18):
Whether you're in Arkansas, Tennessee, or Mississippi on Facebook, Twitter,
or Instagram. Thank you for listening to The Bev Johnson
Show on do w d I, a Memphis