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Power Shoppe Newsletter

Power Tools for the Real Estate Professional May 1, 2009

in this issue... Dear Judy,

Thank You for subscribing to Power Shoppe!

Talk Shoppe Event Info
We are committed to your success. Please send us your ideas,
comments, and opinions to the Editor.
Words of a Champion
Jo Garner, Loan Officer, The Money Shoppe Team
Industry Updates Let me work on your team! Call me today for getting your
loans closed.
Rates Apply online: Money Shoppe

Survivor
Office (901) 759-7808 Fax (901) 759-7866
Jo Garner's Cell (901) 482-0354
Useful Resources

Question of the Week

● Words of a Champion

Advertise with Us

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Power Shoppe Newsletter

Archive
True growth in life happens when we are
Privacy Policy willing to risk and stretch our abilities,
when we are willing to put it on the line
COOPER-YOUNG DUPLEX for change. It is easy to get comfortable
being around the same crowd, doing the
FOR SALE
same thing we have always done. We can
often get attached to a system or
activities that will only lead us to the same result we have
always gotten.

We have to be willing to risk where we are today to get to

Talk Shoppe Event where we truly want to be. By venturing out, we develop
Info skills of strength that will build us up and make us stronger.
Napoleon Hill said, "The strongest oak tree of the forest is
Talk Shoppe not the one that is protected from the storm and hidden from
presents: the sun. It's the one that stands in the open where it is
"MAKE THE MOST OF compelled to struggle for its existence against the winds and
YOUR "CONNECTIONS" rain and scorching sun."
NETWORKING FOR
PROFESSIONALS IN REAL The challenges you are facing right now will make you
ESTATE AND ALLIED stronger. Move forward and take them head on. Step up to
PROFESSIONS" the challenges. Step up to the opportunities that lie just
Joanne Nichols beyond the challenges. You may be in darkness, but the light
Shayna Rattler is right around the bend. When you overcome the obstacles
Lynn McDonald facing you- you will then be able to drink in the sunlight of
The Connection Tree accomplishment to recharge your battery.
www.connection tree.
com You are truly like that oak tree. The only difference is that
Join us Wednesday you can replant yourself regularly out in the open. If that
May 6, 2009 tree takes root in the forest, it will live its whole existence
9 am to 10 am there. You can continue to move out into the open. If the
forest grows out to you and tries to bring you in, you can
The Better Business move again. You have a tremendous advantage, are you
Bureau using it? Resolve to move out into the open today!!
3693 Tyndale
Smart Room Can Be
To Your Achievement of GREATER success,
Leased For Group
Meetings
Talk Shoppe is your Dirk Zeller, CEO
source for free education Real Estate Champions
seminars and networking
opportunities available to
● Industry Updates
anyone interested in real
estate and business.

First Tennessee Home

Loans First Horizon Home

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Power Shoppe Newsletter

Loans, a division of First (1) www.cnn.com

Tennessee Bank National
Two steps: Second liens now covered by modification
Association and
program; servicers must offer eligible borrowers principal
TALKSHOPPE are not
reduction under Hope for Homeowners. Under the
affiliated companies. All
administration's new program, the interest rate on second
loans subject to
mortgages will be reduced to 1% on loans where payments
approval. Some
cover interest and principal and to 2% for interest-only
restrictions apply.
loans. The government will subsidize the rate reduction, with
Copyright 2007 First
the money going to the mortgage investor.
Tennessee Home Loans
First Horizon Home
Loans, a division of First (2) www.cnn.com
Tennessee Bank National Home prices down, but rate of loss eases S&P/Case-Shiller
Association. (Equal index of 20 major cities falls for 31st straight month, but
Housing Lender) annual rate is not a record low for the first time since
October 2007.

(3) www.bankrate.com
Mortgage rates remained unchanged this week.For the
second straight week, the benchmark 30-year, fixed-rate
mortgage is 5.23 percent. The benchmark 15-year, fixed-
rate mortgage slipped 3 basis points, to 4.73 percent. The
Env-AIR-oment benchmark 5/1 adjustable-rate mortgage dropped 6 basis
points, to 5.05 percent.

(4) www.bankrate.com
On March 1, Fannie Mae stopped guaranteeing mortgages in
new or newly converted condo developments in which fewer
than 70 percent of units have been sold or are under
contract. Fannie's previous rules set the cutoff at 51 percent.
Freddie Mac recently sent a bulletin to sellers and servicers
announcing plans to adopt similar restrictions beginning July
1. Realtors and other mortgage professionals report a
slowdown in condo loan activity in the two months that
Fannie's "presale guidelines" have been in effect.

(5) www.nationalassociationofrealtors.com
Existing-Home Sales Eased in March. (Apr. 23) Lawrence
Yun, NAR chief economist, said the market appears to be
stabilizing with modest monthly ups and downs, and that
first-time buyers are driving the market.

● Rates
Email me at Carol@env-
AIR-oment.com

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Power Shoppe Newsletter

Orig. Disc.
Loan Type Rate APR
Fee Pts.
Conventional 30 yr.
fixed
4.83% 1 0 tba
with adjustable rates
to Refi to low-fixed
. 5.125% 0 0 tba
Conventional 15 Yr.
4.5% 1 0 tba
Fixed
. 4.875 0 0 tba
FHA 30 Yr. Fixed 4.96% 1 0 tba
. 5.4% .25 0 tba
FHA 15 Yr. Fixed 5.5% 0 0 tba
Conventional 5-1 Yr.
4.375 1 0 tba
Arm
. 4.875 0 0 tba
Conventional 7 Yr.
5.0 1 0 tba
Arm (Interest only)
. 5.44 0 0 tba
Investor Conv 30 Yr.
6.125% 1 .125 tba
80% LTV
. . . 0 .

For these rates, contact:

Jo Garner, Mortgage Loan Officer ( The Money Shoppe Team)
APPLY ONLINE: MoneyShoppe.net

Rates are subject to credit scores, loan type, and loan-to-value. Rates are subject to
change without notice. Rates are published for real estate professionals only.

All loans subject to

approval. Certain
restrictions may
apply. Copyright
2007 First Tennessee
Home Loans First
Horizon Home Loans, a
division of First
Tennessee Bank
National Association.
(Equal Housing
Lender)

APR not avail due to technical difficulties. For APR call J Garner 901 759-

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