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KJCE 1370AM>Audio on Demand>>Financial Wi$e with Suzette Blackburn Podcast 07/12/14

Financial Wi$e with Suzette Blackburn Podcast 07/12/14

Jul 13, 2014|

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Broadcasting from the top thirteen seventy studios you're listening to financially wise with -- host Suze -- Blackburn. In an economy where every dollar counts every discount also matters. -- mortgage insurance check out this week. On financial. Blackburn and her financial life specialty has also been featured weekly on K view. So stay tuned and she brings the same helpful life changing information to talk radios listening audience. Here's your host and Suzanne. Blackburn. Welcome to financial life this -- season at Blackburn and today. I've got two very special guest you know we're an economy right now where. It's booming for number one and everyone's wanting to give either in new mortgage. Or buy a new home as you know house prices are going up the economy in Austin doing great. For the housing market but but two experts in Jim Jordan with fairway independent mortgage. And Ken McCarthy. With late country insurance agency. And they're both independent. And I wanted to know for the consumer from you guys exactly. What we need to know what's that checklist that we need. So that when we go to get a pre approval or do we need to refinance. I wanna know all the transparent facts on that. That the folks know what I'm in the business but I chose you because you both have a very. Passionate attitude towards help in the consumer now first I want to introduce Ken McCarthy helped him and I have known each other personally for what fifteen years fifteen years -- -- girls grow up together yeah and she's also client at the caps -- financial and I know from working with you -- third U -- and I appreciate that so much because I know you bring that to the work of helping your clients with their insurance and so. You know I want to hear why you do -- -- tell me a little bit about why -- you in this business but. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I was with a big box carrier and knew the agent you know well had no idea that we were paying an extra 3400 a month in coverage that we didn't have we -- I think at that time for cars and after we did the analysis we really were able to save. 3400 a month and so with a reduced premium it saved our family a lot of money even if it is only a hundred dollars a month that's 12100 year 121000. Over ten years what does that mean -- overall financial health right camp. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I got in the business because I was a consumer one point not only in Lima the business and going to my first run. And it was a very cold experience it was. Not reassuring and I even went close on the home I still a lot walked away with not a lot of assurance of what you do in the future that I really -- in the right mortgage product. And the experience was was not what I thought should be and so one of the reasons I'm into this is because I don't want people to go through that they should there should be a high level of reliability of perception of reliability and -- should feel very assured from day one of what they can do. And what they cannot do and should they do it. And -- doubt in my opinion so that's why do this business. But the checklist this is that mrs. not a media business this is black and white you -- qualifier you down and somebody has earnest money up front you've got to know and you've been through us. Do you qualifier not as is do you have to have a budget debt to qualify you certainly don't wanna find that out after you -- through your option period so that's -- you went through personally and I know about well it costs in three or 4000 dollars and it was pretty crazy right the reality is anybody can get a mortgage -- with the product at the end -- tell you get there and that's what most matters much to consumers and what they value most is reliability and assurance and they need to have that without failure and have out excellent execution and clarity on what they need and when they needed so they know they qualify and you know there's there's stipulations after the fact the -- cost them money. And time so give. Me an idea when we come back. This next segment. I wanna go really deep into that -- -- -- -- and let people know the facts on how mortgages are murky if they need to -- we're in a very low interest rate environment right that's exactly right so you need to know if it's a good idea what -- costs are so you can protect yourself out. So come back and listen to us. And will give you the hard facts on financial life. And don't forget. Some folks are planning to -- and the rest. Are otherwise. I'm season laughter. If you're planning for retirement you have lots of questions how long moment money -- Would need to support long term here I don't I -- unnecessary taxes that the most important question is bids. Can I get retirement planning and advice I can trust. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Came into winning -- -- our financial dot com investor advisory services offered through global financial broke Capitol Hill -- SEC registered investment advisor. Welcome back to financial lines. -- your hosts -- said Blackburn. -- come back. Financial -- currencies at Blackburn. In the end here in retreat. We want to know with the skinny on the transparency. How independent mortgage business works I wanna know how we save money. Because I just mentioned EU with him. And with him you know we say even a hundred dollars a month that's 12100. Dollars a year and 121000. Over ten years don't miss that folks -- that says it in this economy where every dollar counts every discount matters as well. I just went through a nightmare mortgage experience and I have jump on The -- because. I'm used to not go through that I've met. -- -- -- -- -- It was a horrible professional experience and didn't have to be that way moral and and the all it was necessary was a little bit of knowledge so that I can prepare myself you don't give somebody -- -- -- letter. And then in the middle of the option periods and looks. Pull the rug out from -- when their self employed and I mean really so tell me how do we protect people so they don't go through a nightmare well -- One you work for some and it is highly recommended and there's a track record in his references you can check but this business is not rocket science it is so easy it is -- is black and -- business and I mentioned before. You work up a checklist do you have minimum credit to qualified do you have to Menem assets to. For -- down payment and your reserve requirements do you have adequate income to support the debt ratio -- -- -- so simple plug and play in all this business really is this is -- the -- documentation. And analyzing it quickly -- -- -- of -- option -- -- they're not at risk of losing their earnest money -- its purchase so they can come back with. You know that the right decision making should by the house and shouldn't well that's that's simple -- -- simple everybody loves -- all -- That's exactly right so. It's so the reason when there is why you have experienced because a person working with was great at marketing but not good at analyzing tax returns and did not realize that there is a process specially for self employed borrowers where you have items that can name it decrease the income from what they thought it was originally. And then that's what happened view. Folks it's a different time I mean I don't think about credit where credit scorers or any of that -- by the house burned by -- car. And you were affected more so because a lot of you have to switch lenders if you're working with some of the bigger names you can't pay off debt to qualify. So you have limited lenders it will work with you that point if you forty you've got burned and lot of directions and fortunately I thought well I have a story to tell you folks and that's why I have gym here. If you call our office at 512. 215. 9030. Both of them are gonna get you'll win an opportunity he's gonna sit down with -- and review. Where you are it is this is time to refi. I understand -- -- one of the best interest rate environment that we've been in -- -- we've been this way for years but that does not mean you should refinance and -- a mathematical equation it's a function of what is the -- even if it's gonna cost -- -- to do transaction save X amount of money how Long Will take you to refute that money so if you're going to be -- home for three more years and sell it and -- breakeven is two years -- you have a one year realization of benefit from that refinance and I would tell the customer that's not worth it right. It's worth it in the long run the okay to refinance so -- people do it for cash -- reasons again. How unless you have to do it to stand -- that's one thing if you're doing it because you want to say he's but you don't really have to happens -- we can still afford to make the payments. Then it comes down to do I wanna spend this much money you know 2503000. Dollars or more depending on the loan size yeah. On closing costs to save this much when. A mocking her amok and recuperate in time anyway. Right Marcella so comes down to breakeven point of when do I start really realizing that I had I not done that transaction. To start realizing the six. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- But it's only fixed -- -- five years or fix for seven in the course of that they're receiving upwards of 400 dollars a month and cash flow. And that's significant and even though there's a risk if they keep the mortgage after their fixed period on the arm they know they're gonna sell my house and they're willing to take that risk it's a calculated risk. But the savings is there wanna recruit to savings and say 4800 bucks a year of that. 4800 bucks a year so small and a -- soccer uniforms to. -- -- via cell phone that's electricity. Right now. I love that that's music -- nine years yes -- and you know folks when you come and just kept our financial. That's what we're about is just simply doing the -- I want to show you how that works in -- plants and got a mortgage planner. I've got an insurance -- -- this is -- -- this is marketing this as Mac so if you call my office at five point two. 215. 9030. They'll give you very simple plan and see if it's right for you re fired. Look at a mortgage -- maybe it's time to -- and do some different things. You know they keep stretching out -- that doesn't how long they can keep this low interest rate environment is that you do have an opportunity here to do that before he -- change. So I would recommend you call 5122159030. Complementary to win situation for you. Gyms are available now on this checklist that we want to believe but that is just simple math. That's what we're doing now. Everything else in my personal experience I can tell you from what I just went through because. I was given a quote unquote pre qualification. I'm alone I would -- went -- And I found a home. And -- sudden I found out my god. You're not really pre qualified we get diligent and he got it and produce tax returns for the last three years and I've already put money down on how else can only get you down and out after the option period was -- your congressman who's at risk I had put more money down. To keep it because it was three offers behind them anyway it became investment. It just made him very stressful situation worse and I don't understand it. The people listening don't understand it so if you went to college and my office 512215. 9030. It's not an house meet with -- and can't just understand. What this is about the Dallas morning news -- Kim said. Is that we pay the highest insurance rates in the nation and that's a recent article in July so if that's true. Don't think it's a good idea that analyze that and really take a look at. The secondary is no we also have to consider taxes on these home purchases and home insurance on that and most what I seen. Is in the past most people would but too much house. So -- sit down and you're gonna find out exactly how much house is affordable see it does stretch yourself he had a little bit margin and that's what we like it. And financial lives is to keep people is something so they're not house -- People who qualify elder along legitimately and then they can end up not affording -- house in the house work and you wonder why and it's simply the way in which people qualify and there's not policy in place it's ever gonna change so. That's when -- -- reliable planner to really walk you through. Real life situations with after tax dollars which is paying for all this stuff not pretax dollars which is how you qualify in the first place. -- we do plan -- capstar. We do look at you know the Starbucks bill we look at ways and it is -- we look at what you're doing it Dillard's you look at them as well right. In reality in the -- world we go off of pre tax dollar we take gross income we take the total housing costs and the revolving debts on their credit report only there's no consideration for. Child care the consideration for. Your food costs your dining out -- her appointments and when you factor in those items and you actually use after tax dollars to equate. Somebody getting in a qualifying at a ratio guideline that allows wouldn't qualify. They really can't afford it at the end of the day any economic shift in the and the income commissions change all of a sudden you're not paying your bills. Okay in this you don't wanna get a situation like that. Not ironic yeah nation I don't know and it's not an easy it's not hard to understand it's a very simple process so would you recommend that someone get with a real estate agent first is -- -- -- get a mortgage mortgage person always first you should know -- know -- you should know we've qualified for and actually know should you qualified. What are your goals in ten years that's were ties in with uses is this in your best interest based on your total mortgage -- total financial plan 11. Jim Clancy Jim and I worked together a lot in presenting the -- people the whole package has called me I think he's -- -- three different houses. But he was Smart to go what is the insurance can cost on -- house before I make a final offer what is the insurance gonna cost -- He's very -- -- and analysis on his part. Let's say you know I'm living -- gay community. Let's say I've got a security system all those things are helpful in the price correct. Absolutely and there's so many questions that an agent should ask you on. Do you have ST a college student no way that has no car back to me discount on your Otto. And den as your spouse have a company car maybe you only have one car on your policy but you get a discount for multi car says no one ever asked me. When -- -- as living up in Dallas my husband had a company car that could have been an additional discount. And how you pay can be had just a discount if he's paid by credit card or -- paper bill and you need to give be given as options. Do you have a mortgage we have -- there a certain number of carriers that give a big discount if you mean are in that situation you don't have a mortgage. And. Have you recently replaced your read things like that there are kinds of discounts that and coming to play that somebody has to really sit down with you -- you. A lot of detailed questions. Folks were in an economy where every dollar counts and don't let those dollars and evaporate take advantage -- that don't miss it. Don't miss the opportunities. Call -- at 5122159030. And remember. Some folks -- financial life. And the rest are otherwise I'm seize up like. Contrary to what you've heard. There is such thing as a complimentary lunch mixers that invaluable financial advice for you know. It's a lunch and learn hosted by Suzanne Blackburn we can't start financial. As the unbiased financial condition you've seen on TV TV and heard on the talk radio thirteen seven medium financial light show. Susan Blackburn is -- specialist retirement planning. During her complimentary lunch you can learn wind managing money is harder to extend its economy can keep more money in volatile times which strategies are low risk and high return. How to avoid probate and attorney fees and how to create income streams that change. Reserve your place today for the complimentary lunch and learn Monday August 4 to register by calling I went 22159. -- thirty that's 5122159. B thirty. Or mining camps are financial dog com. It's your money protect -- investment advisory services offered through global financial -- capital Pelosi and SEC registered investment advisor. Welcome back to financial wise. With your hosts -- at Blackburn. Folks welcome back the financial life again we are talking about some very rich topics. You know if you save a hundred a month. You're gonna say 12100 a year with just twelve house and overcame years. And if you multiply that in different areas of your life it's just wonderful it's extra money for your family. -- is here with -- and we know each other for fifteen years and we sat at ball games together and rated for our children playing softball. And I think about the money that we spend on. I'm soft well equipped men and right out and really going back and we're the round rock for trying to play. And you know the thing is if you're missing out because you didn't do that the guys. And get a win an opportunity what Kim's offer you in gyms offering is too. Really go into your mortgage and it into your personal liability insurance since. In which includes -- improvement in bone and all the different things he paid for and just get an analysis find that's going to be in good thing for you I did it. And I can tell you I was shocked absolutely. Not and we also do you. A commercial insurance says you probably have a lot of clients out there with business and in their prices. That are acquiring business auto insurance and general liability insurance. Business property insurance we also do that and can help them analyze that and rental -- a lot of people have second comes to rental hounds. And and and again one of the things that he knew the question to ask the people there you married are you single. Well sometimes being widowed for example. Is a different. Discounts then being single. Somebody house is asking the question and say you're single or have -- -- -- you a single parent there are sometimes discounts for being. If you're -- And so it's just it's just really had time to sit down it's time to talk a lot of questions review now though it's quick it doesn't take a long time. And to really make sure that I understand. Year hold insurance -- Well we're independent. All of us are independent we're not -- it any big box. System with motives and management teams tell us what to cell. -- and a package. So you know I love that because we can go shopping for a dark -- can't -- that -- never Google all this information is overwhelming. And I don't even know the questions asked personally you know I don't know so. You know this we talk a lot about financial planning in retirement planning in that all sounds great but. You know especially those of -- on a fixed income. It sounds great but we really really -- deep -- and how are we saving money. And it caps -- you know we have luncheon learns and we do game changer events in August on the first Monday of every month. We have a lot to learn an hour north office that's Monday August 4. From twelve to one at the great hills trailer office caught me it would get to end -- 512215. 930. Just comment and have lunch we'll paper lunch Korea and you can sit and listen to these great opportunities to find out. Are you saving money are you missing out on an argument sent out on. The tax burden the insurance is it your mortgage right. You know in our next show we're gonna have part two of an every economy we want to. Squeeze the blood of every dollar right. We want to get at all I don't -- I don't want to waste money and give it summed up and even a Wiki that my pocket I want -- -- So I've got to do the reviews I need to know what are my discount right that's really so called kept separate NHL at 512. 2159030. And listen next week or part two of the game changer with Ken McCarthy. And Jim Jordan. And remember folks some viewer financial life and the rest or otherwise I'm season mind. -- individual tax legal or investment advice is an investment advisory services offered through global. LLC and SEC registered investment advice global financial trident capital has no affiliation with the news agencies represented here the views expressed do not necessarily reflect the views of global financial private capital global financial private capital makes no representation or warranty is about the accuracy reliability completeness or timeliness of the content and do not recommend or endorse any specific information contained -- insurance services and products offered through -- -- financial LLC -- insurance. What guarantees are subject to the claims paying ability of the issuing company any comments regarding safe and secure investments in guaranteed income streams refer only to the fixed -- products they do not -- in any way to securities or investment advisory products global financial private capital LLC Castro financial LLC or an affiliated companies. Contrary to what you've heard. There is such thing as a complimentary lunch. It serves up in his valuable financial advice for you know it's a lunch and learn hosted by Suzanne Blackburn we can't start financial. As the unbiased financial condition you've seen on KG TV and heard on the talk radio thirteen seventy million financial -- show. Susan Blackburn is a specialist retirement planning. During her complimentary lunch you'll learn -- managing money is harder speaks to the economy can keep more money you volatile times which strategies are low risk and high return. How to avoid probate attorney fees and how to create income streams that you -- Reserve your place today for the complimentary lunch and learn Monday August 4 register by calling 5122159030. That's 5122159. B thirty. Or mining -- financial dog come. It's your money projected investment advisory services offered through global financial private capital Pelosi in SEC registered investment advisor.

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