April 10, 2025 • 49 mins
We're "Asking the Expert" about the Keys to Home Ownership with Ruth Phillips of Candence Bank on The Bev Johnson Show on WDIA Radio
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Speaker 1 (00:03):
Memphis probably presents the Beam Johnson Show.
Speaker 2 (00:08):
Let me say, Beth, let me you say.
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She's done emphistogain.
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No matter of the problem she can have so all
the phone and the normans your mind. She under Jimmy
in the hair by chilling you to just keep the thing.
Speaker 4 (00:48):
When a wrangle appearing out Ben Johnson Show.
Speaker 2 (00:52):
Because we got this outing gay you can hear every
day you d.
Speaker 4 (01:00):
I hate my bell, got me a missed king.
Speaker 3 (01:48):
Good morning, good morning, good morning, and welcome into w
d I A The Bev Johnson Show.
Speaker 4 (01:56):
I'm bed.
Speaker 3 (01:57):
It is indeed a pleasure I have you with us
once again on this Thursday, April tenth, twenty twenty five.
Enjoyed this fabulous day today, Get ready put your ears
on as we share the good news. Starting off first
(02:17):
from Klon's Bank, Ruth Phillips is back in the house
to help you get that money you need to buy
that house.
Speaker 4 (02:25):
Second hour, we'll talk to the sister friends.
Speaker 3 (02:28):
The attorney's attorney Ursula Woods At Attorney Monika Johnson will
be in this afternoon to answer.
Speaker 4 (02:35):
Your legal questions. When it's your turn to talk, you
know you can.
Speaker 3 (02:39):
All you need to do is dial these numbers nine zero, one, five,
three five nine, three four to two eight hundred five
zero three nine three four two eight three three five,
three five nine.
Speaker 4 (03:00):
The three four to two will get you in to us.
Speaker 3 (03:07):
And if this day, this day, Thursday, April tenth, twenty
twenty five, is your birthday, Happy birthday to each and
every one of y'all out there who may be celebrating.
Speaker 4 (03:23):
A birthday on this day.
Speaker 3 (03:26):
We say God, y'all go out and celebrate your life.
You better, you better. When we come back, we'll talk
with Ruth Phillips of Cadence Bank. Next with me Bev
Johnson on the Bev Johnson Show only on.
Speaker 5 (03:48):
W d I.
Speaker 3 (03:50):
A good morning and welcome back to WDIA the Bev
Johnson Show. It is indeed a pleasure to have you
with us once again on this Thursday, April tenth, twenty
(04:13):
twenty five. Enjoyed this fabulous day to day. Well back
in the house. I love to have this sister here
because she has so much information. She is back with
us today, Miss Ruth Phillips, the Assistant vice president, Community
Development Lending Division Manager for Cadence Bank. Once again, Welcome
(04:36):
Ruth Phillips.
Speaker 4 (04:37):
How you doing Ruth. Good morning, Bev. Thank you so much.
I am doing absolutely great at Spring. Look I know
you look in Spring.
Speaker 3 (04:45):
Y'all should see Ruth. Ruth is sharp today. Girl, You're
looking good. You're looking fabulous today.
Speaker 4 (04:52):
Thank you, Bev. You're the only person outside of my
husband and my workout team that has seen me all week.
Bear what yeah, I still work from home. I still
we're doing you. I was on vacation last week, so
you know, when you're on vacation, you gotta come back
and work. Okay, I've had events scheduled, but I have
been working every day through the events, and so today
(05:13):
I'm like, oh, you don't get to work through bad
you got to go.
Speaker 6 (05:15):
No, no, no.
Speaker 4 (05:17):
I was excited to come today. So I kind of
like fixed myself up. So i'll y'all see Ruth. She
is fixed up. Thank you, bab, thank you, thank you much,
thank you. But I'm excited about being here. I'm excited
about its house buying season. I'm excited. I'm just excited
to I'm excited to be alive. You know, we healthy
and in our right mind, that's right, have activities of
(05:38):
our lambs. We are blessed this morning and so I'm
very thankful today, so thank you for having us back again.
Speaker 3 (05:43):
You right, So I'm thinking today, Ruth, are we talking
about the five Keys?
Speaker 2 (05:49):
Oh?
Speaker 4 (05:49):
Okay, I make sure I was on the right page. Yes, ma'am.
We're on the right page. And it's the five keys
the homeownership, and we're only going to cover maybe two
or three of them today. Time permits, yeah, time, because
we have your sisters coming in.
Speaker 3 (06:04):
They wanted to come in. I told them you were
coming in. They said, oh, we're coming after roof good
good good Attorney I know, Attorney Monika Johnson.
Speaker 1 (06:14):
I know.
Speaker 7 (06:15):
Yeah.
Speaker 4 (06:16):
It's excited because I saw that Priscilla was here yesterday,
maybe tuesday. She was here tuesday. Yes, So I love
when we all come together, yes, because we're really putting
the homeownership wealth building out into the community, out to
your listeners. And I like it when we hit each
other back to back, back to back. So yes, I
was excited. So I'm glad to see that they're coming in.
Speaker 3 (06:37):
There and then people can understand because we believe in
home ownership.
Speaker 4 (06:43):
Absolutely absolutely, we believe it absolutely, we believe it totally
sold out for homeownership period and you know, we talk
about this too last month when we talked about the benefits.
It's there for you when you are ready, and we
talked about everybody doesn't want it, and it's okay, and
that's okay, it is perfectly okay, it's okay. But those
(07:04):
who have the desire to fulfill the gold of homeownership
and to build wealth among themselves and to leave generational
wealth to their family, home ownership is a big step
to doing it. So, yes, I'm sold out for homeownership.
You got a rent. Let it be temporary, Okay, Yes, yes,
it's a temporary effort.
Speaker 3 (07:25):
Reading can add up, Oh yes, oh, yes, a whole lot.
So let's start, Ruth. Let's start with you know you
want to talk about the five keys. You say, you
may not get to all of them. So what is
the first key.
Speaker 4 (07:38):
The first key to homeownership is job stability. First of all,
you must have the financial ability to repay the loan.
That is what documentable. You have to have the documentation
to prove that you are working with consistent, stable income
(08:00):
coming in every single month in order to qualify for
a mortgage. It is the number one key to homeownership.
I say this all the time. It is the most
difficult key to correct because you have to have stability
for a two year period. So sometimes people think, oh,
(08:23):
credit is the hardest thing.
Speaker 3 (08:24):
No.
Speaker 4 (08:24):
Sometimes credit can be corrected in thirty days, sixty days,
ninety days. But you have to have a stable work
history for twenty four consecutive months with no breaks twenty four,
twenty four, So you have to have a two year
work history. If you are self employed, you still have
to have filed your taxes with the IRS for what
(08:47):
twenty four consecutive months, which is a two year tax period.
So it is the most important key to moving from
renting to home ownership. You must have job stability. Okay,
I'm gonna talk about that just a little bit. We're
about to say.
Speaker 3 (09:05):
Something, Well, you're getting back job stability, but I did
have a question about it. The question is that you
say you have to work twenty four consecutive months.
Speaker 4 (09:16):
So what happens, Ruth?
Speaker 3 (09:18):
You're working, but you're you're the kind of person changes jobs. Well,
we have people who are job hoppers.
Speaker 4 (09:26):
Must address those that means, you work here, you don't
like whatever you change, you do a bunch of that changing. Well,
some of the investors will allow you to have one
change a year. But if you are a multiple jobs,
say it's twelve months in the year and you've changed
jobs four or five times, that lets us know that
you're not stable. The only time that that is acceptable
(09:50):
is if you are steadily increasing and pay in your
area of expertise. So you're a nurse, okay, so you
may start out at the hospital whatever hours. Then you
move up to the charge nurse, but you're still working
for in your field. Then you leave that hospital and
you move up to maybe a surgical center. You see
(10:12):
what I'm saying. You're climbing the ladder and you're increasing
in income. But if you're going from just say bank
to bank, same positions and you just keep changing, that's instability.
You're not stable. You have to get somewhere, like my
mom said, give somewhere and sit down. Get somewhere and
(10:33):
get stable in the income so we can know that
that income is there and has a history of being there,
so you'll have the ability to repay the loan. That's
what it's all about. Now. There are other incomes that
can be used, like Social Security, disability, retirement. If you're
(10:57):
a veteran, you may get a form of a v
A some type of stipend from them. Long as you
can verify that it is continuing for the next three years,
you're going to be perfectly fine with those. Child support
can be used as income if it is if it's
a court order or not a court order, if you
have proof of receipt. There are plenty of people out
(11:20):
here who don't have child support court orders and they
support their children every single month by making consistent deposits
into these people's account, whether it's the mother or a father,
because both could be paying child support. Long as we
can verify that, you can use it. The only time
(11:40):
that income from Social Security or any type of disability
like an SSI. If you are receiving SSI and that
not for yourself, but you're an awarde for someone else,
you may not be able to use that SSI. But
if it's awarded to yourself and you are the recipient,
then you can use it, okay. So that's a broad
(12:03):
income W two hourly pay, salary commission. All those things
there are what we look at when we start looking
at income. That's one of the first questions that you
know you want to look at when you pull an application.
Are these people gainfully employed? Are they gainfully employed?
Speaker 3 (12:23):
Because and we'll talk with Cadence in any other bank
k because they want to know ruth if that person
is able to pay them back.
Speaker 4 (12:33):
Exactly exactly. I tell everybody, we're not a nonprofit organization.
We want repayment, and we are not an organization that
wants to see you fail at home ownership and end
up in some foreclosure or some type of modification. So
we want to set the loan up correctly on the
(12:54):
first on the front end, so that you'll be successful
buying your home and it won't be grievous to make
the payments period. Okay, yes, ma'am. So that first key
job stability, job stability. I'm let me take out one
more thing about the ability. Yeah, a lot of times
(13:15):
people are hourly pays. Okay, they get paid by the hour.
Your company offers forty hours a week. You make application
that you are paid this dollar amount for forty hours
a week. But when we look at your paste up
and compare your year to date income to what whatever
(13:36):
dollar time's forty, it's not there. So that lets me
know that you're not working your forty hours a week.
Some people will come back and say, well, I can
work forty hours, but your pa stub clearly tells me
that you have not been working forty hours a week.
So Fannie May, Freddy mac fha, all of the investors say,
(13:57):
we will have to what average income, and sometimes that
average could be lower. So if you're interested in buying
a home and you are paid hourly, please please please
work those forty hours a week. So when we look
at your year to date, it matches what a forty
hour work week would look like in your gross income
(14:19):
section that has become really big lately. Because again people
will be like, oh, I don't get sick paid, So
I just I was sick, I had the flu. Yeah,
so I just took it without pay. Well, you're in
the middle of buying a house. Now you just went
from a perfectly forty hour a week to what. Now
we got to go variable and go back to your
(14:40):
last two years and average it out. So it can't
make a big difference because most of the time people's
increase income is increasing year after year, and especially if
you got a pay raise in that previous year, you
should be making more. So I just I just give
everybody a warrant if you're looking to buy a house,
work those forty hours a week. So when your best
(15:01):
work friend going home and she's not trying to buy
a house, right, bye, I need to stay here till
my eight hour shift this up because I have a
gold in mind, and at the end of that gold
is to own a home, and I must be working
those forty hours a week. And I'm glad you're telling
them because because you're gonna be looking at that. Yes, yes, yes,
(15:21):
we look at that. We look at that. We look
at that year to date income to make sure that
that year to date income is tracking exactly where sixteen
dollars an hour's time forty hours, you've been there for
two months, and this shouldn't match out exactly, and we
can do that, like if some people get vacation time,
so we go back and add that vacation. They pay
(15:43):
you what your hourly pay for the hours that you
take vacation, They'll pay you that hourly pay. So yes,
we are tracking that, and that has become like really
really big lately because usually we would say, oh, okay, well, yeah,
they work forty hours a week, but you know their
company doesn't pay and I'll do that anymore. So if
your company doesn't pay sick time, and you have vacation time,
(16:06):
and you are in the middle of looking for a home,
or you know you want to buy a house this year,
then I suggest that you use your vacation time to
cover your sick time.
Speaker 3 (16:18):
So your a year to date, we'll be tracking correctly.
Good advice, Yes, ma'am. If you've just tuned in this morning,
good morning to you.
Speaker 4 (16:26):
Welcome in.
Speaker 3 (16:26):
We are talking with Miss Ruth Phillips of Caiden's Bank.
We're talking today about the five Keys of home ownership.
You are thinking about becoming a homeowner, you need to
listen to Ruth because she's going to tell you those
steps that you need, those keys to becoming a homeowner.
Our lines are open at nine zero, one, five, three, five, nine,
(16:50):
three four two eight hundred five zero, three, nine three
four to two eight three three, five, three, five, nine
three four or two will.
Speaker 4 (17:00):
Get you in to us.
Speaker 3 (17:02):
If you can't call you have a question for Ruth,
email me your question. Bev Johnson at iHeartMedia dot com.
Bev Johnson at iHeartMedia dot com.
Speaker 4 (17:17):
You're listening to do w d i A the Bev
Johnson Show.
Speaker 1 (17:35):
Don't Go Away.
Speaker 4 (17:36):
The Bev Johnson Show returns after these messages.
Speaker 2 (17:49):
Over the time, working hard to bring you ourday, Nev Sevey.
Speaker 3 (18:17):
And today we are talking the five Keys of home
ownership with Miss Ruth Phillips of Cadence Bank. Ruth, we
are going to our phone lines to talk with Miss Patty.
Speaker 6 (18:29):
Hi, Miss Patty, Hello there, Good morning to you and
your gat Good morning all right. My husband and I
are seventy seven, seventy eight. We own a home already
small home. I just received a gift to Great Pyrenees
and I need a bigger yard and I'm thinking about moving,
(18:52):
maybe just for the doubles. So what would we have problems?
Speaker 4 (18:57):
No, ma'am, No, ma'am, not at all. You would have
an option of selling the property that you're in. We
would use your income, whether it is a pension or
social security and qualify you for your next property.
Speaker 6 (19:08):
There, okay, So would you have to have the three
years like you were talking about income or whatever.
Speaker 4 (19:18):
No, man, because you probably just started getting your social
Security or your pension. And if that's the case, yeah,
if that's the case, we go based on the awards letter.
Most pension is awarded for life, or if it is
awarded against your four oh one k. We look at
how many years you're going to have remaining versus what
you're being paid out of. So no, ma'am, we would
(19:40):
use your income.
Speaker 6 (19:43):
Okay. So one other question, because of our age, I'm wondering,
could I buy another house in my son's name.
Speaker 4 (19:54):
Your son would have to buy the house and he
could either be you know, he can go on alone
with you. If that's the case. Your age has nothing
to do with you buying a home. There's people as
old as I think. I just saw somebody at Ursles's office.
They were like eighty six years old. So it's called
age discrimination. If somebody tells you that you can't buy
a home based on your age, that has nothing to
(20:16):
do with it. It is based on these keys that
we're talking about today, your ability to repay the loan. Yes, ma'am.
Speaker 6 (20:24):
All right, thank you very much, and thank you, Beth.
Let's just snall sence his best regards to you.
Speaker 4 (20:30):
Well, tell him I said hello, and give him a
big hug for.
Speaker 6 (20:34):
Me, all right, I will.
Speaker 8 (20:35):
And miss Patty, yes.
Speaker 3 (20:36):
Right, and keep listening and get and and and Ruse
will give her phone number and you may want.
Speaker 4 (20:40):
To talk to her more.
Speaker 6 (20:42):
All right, thank you very much.
Speaker 4 (20:44):
Thank you, Thank you, Miss Patty.
Speaker 3 (20:47):
Bye bye w D I A Hi Frank, I'm doing well, Frank,
and yourself.
Speaker 9 (20:58):
I'm doing one. Before doing one, I would like for
the young lady to Miss Ruth, I must say, I
would like for you to outline a plan for these
young folks that got these jobs, that think they can't
(21:19):
buy a home. But let them know a plan that
they can get or get involved with a you know,
and start buying at a young age. That way, when
they get a certain ad, they'll have something of their own.
(21:39):
Just explain something in that matter so they can understand
that that they can buy at a young age.
Speaker 4 (21:50):
Yes, sir, thank you for calling, mister Frank. I'd be
delighted to I'll do it really short, beb Okay, thank you, Frank.
We appreciate you. Okay. So the age the earliest you
can purchase in the state of Tennessee is eighteen e gen. Yes,
and Mississippi went to eighteen last year. Okay, So again
(22:11):
we have to go back to having a two year
work history with stable income if you're eighteen and under. Now,
some people have worked from there were sixteen years old,
still went to school, work forty hours a week, and
been on that same job. They may be able to
purchase a home. So what you need to do is
(22:32):
like we're having a workshop this weekend, a Home by
Education seminar this weekend. That's a great place for somebody
young to start, so they can come and get information,
write down a plan for them and be able to
start looking toward and getting on the right path to
home ownership for their savings, for their assets. They'll need
to just begin in the transaction. Know that I need
(22:55):
to get on this job and stay on this job
for my you know, to have to demonstrate stable income.
So those are some things that I do talk about
in the workshop. Is the plan to move into homeownership.
Some people at eighteen, they do buy a house. Some
kids leave and go off to college because again they've
had stable income or their parents co sign for them
(23:16):
to go off to college. They buy a small house
there and those children are able to rent out those
other two bedrooms to what other classmates and that's how
they pay the mortgage. But their parents would have co
signed for them. I have some people in Mississippi whose
daughter's going to a college really soon, and that's what
their plan is to do. They're going to buy a
house with their daughter, so she's the first time home
(23:38):
buyer with her and the down payment will be three
and a half percent versus having to put twenty five
percent for an investment property. And the daughter will live
in the house as her primary residence, which still makes
it okay for faha, and she can rent out those
other two bedrooms which will take care of the house. Note,
So that's smart planning there. Okay, Yes, they're right. Plans workshops.
(24:01):
United Housing has something at least once a month face
to face. They have virtual classes. So a lot of
times in the classes when we do those when you're
not in a house, and there'll be people on there
who they're just there for information. They're not ready to
buy a house, but they're what getting prepared to buy
a house. So yes, sir, we'll be glad to do that.
W D I a high caller. Yes you're in the.
Speaker 10 (24:25):
Air, Thank you very much. I just calling in, you know,
just firm agreement for it to what the learned counsel
is saying. Because you see, real property is the number
source of wealth and Black people for generations have been
denied this. We all know what happened to Black Wall
Street and all of that. So it's very opolisting to
(24:46):
me to see that she's doing this and exploring the
concept of younger people owning property because we don't teach
finance literacy to our young black kids. So I'm so
happy that this is happening. But i would like also
to say that I do know your presenter. She's a
(25:06):
follow attorney of mine and I'm a friend of Firs.
I'm from London, Al Road, and I'd like to wish
her appy birthday also and to say keep up the
good work she's She is such a wonderful person. I
still remember during what happened in Louisiana, in New Orleans
or she left, took time out for making money just
(25:26):
to go down there to help to help out in
you know, just doing war, giving things to people, buying
stuff for them and all that. And I'm like, Wow,
this young lady is something else. So I'd like to
sure very wonderful happy birthday, and so to keep on,
you know, just doing the wonderful work. We need more
people like her, And thank you very much bout the
(25:48):
Johnson for affording our facility, you know, to get so
wide the audience also because that that also is part
and parcel of what we do as black people.
Speaker 1 (25:56):
Thank you so much.
Speaker 5 (25:58):
You guys have a great program.
Speaker 6 (25:59):
Okay, the same to you.
Speaker 4 (26:01):
Thank you, Bye bye w D. I a high caller.
Speaker 9 (26:07):
Johnson.
Speaker 4 (26:08):
Clyde. High Clyde.
Speaker 9 (26:11):
How you doing in your kids?
Speaker 4 (26:12):
I'm doing well, Clyde.
Speaker 1 (26:14):
How are you all right?
Speaker 5 (26:16):
Something I want to I want to ask you to
guess something and then maybe she can explain to people,
like some people get behind on the house note and
they're scared to answer the levels they're getting answer the
phone call. I heard that the bank don't really want
(26:37):
your house back. They wouldn't have worked.
Speaker 6 (26:39):
With you to catch up.
Speaker 5 (26:44):
And I just want to somebody, I just I just
want to know it that true?
Speaker 4 (26:49):
You know, thanks for calling me. All right, Clyde, Well's
gonna answer your question. Thank you answer that question for Clyde.
Is that true? I got that, Yes, Clyde, that is true.
The bank does not want your house back. We want
you to repay the loan. So I advise customers, if
you for some reason see that you're going to get
(27:11):
behind on your note, reach out immediately to the servicing
department and let them know, Hey, I'm going to get behind.
There may be some type of workout, some type of modification,
but sitting there getting phone calls and mail and the mail,
it's not going to go away. It's not going to
(27:32):
go away. So I advise you don't be The fear
is them knocking on your door to set you out
because you did not answer the call, because you did
not open the mail, and the foreclosure procedure went forth.
There's all sorts of options for you. Reach out to
the servicing department, let them know I've lost my job,
(27:54):
I lost my husband who is the primary person making
the note. So we can work with you as much
as possible to modify so you can keep the house
or it's a good place for you to sell your home.
So reach out back and find out. But don't ignore
the calls and please don't ignore the mail. Please don't.
(28:15):
That's some of the saddest things that have happened, Like
when people are they knocked on my door to set
me out. Ma'am, did you not get a phone call
because they call, yeah, and they send mail and they
actually send a person to the property, just to make
sure the property is there. Okay, they knock on the door.
Sometimes they can look and see that, hey, I worked
in the servicing area before. That's just how I know
(28:36):
these things. Not here at Cadence, but with another financial company.
They can see that the mail is just piling up there,
that maybe you've already moved out of it. But do something.
Don't walk away from a property. Reach out to a
real estate professional and put the house on the market
and sell it so you may be able to get
some equity out of the house again. But the bank
(28:57):
does not want that house back. They want you to
pay for the loan. That's what we want you to do.
Speaker 3 (29:01):
Okay, what is this second key, Ruth? We've had the
first one job stability.
Speaker 4 (29:07):
Number two credit, ah credit. Somebody going like, oh, no,
credit and your credit history and as well as your score.
A lot of people think that that is the biggest
thing in getting qualified, but it is. It's important. But again,
(29:27):
the first thing was your ability to repay. Credit can
be restored, rebuilt, reset. It's a great opportunity to hit
reset if you've had some bumps in the road. The
scoring is just a tool used to show lenders your
likeliness to repay the debt. Everybody uses them. Everybody wants
(29:52):
to know what's my score before I can even pull
the credit. They want to know what's their score. They're
all sorts of little tools out there that can tell
you what your score is. But the bank and all
mortgage companies, they usually pull what's called a tri merge,
which will include Equifax, Experience, and TransUnion. Those numbers could
all be different. We put those in numerical order and
(30:14):
use the middle number to determine what your score is
going to be for this transaction. Credit is important, Basically,
it is your way of saying, BEB trusted me with
this money, and I paid her back on time, so
I have a perfect relationship there, and I've got a
high score with BEB. And it does with everything the
(30:36):
same way. So credit is important, but it is not
the only thing that we look at. Because I've had
people who have, like they have seven to eight hundred
credit scores, but they don't have a job. What I
knew that was gonna a minute. They got a good
credit score like that, no job, great credit scores, no
(30:58):
jobs or no documentable jobs. Maybe somebody else pays their
bills or maybe they work for cash and they have
not decided to file it on their tax returns. Hit so,
but a mortgage requires the ability to repay. Credit again
can be restored, sometimes as quick as thirty days, and
(31:20):
sometimes it could take you a little bit longer to
repair your credit. If you think that you're in a
position where, oh I can't do all of this and
it's too much and I've dug a ditch too far,
that's a good place for ursula. It's a good place
for you to have a visit with someone of URSULA
that can help you out to say, yes, you're too
deep into the debt or whatever, and maybe you can
(31:42):
maybe do something else there. But that's a good place there.
But credit is most important. And again I say all
the time, there is life after life. If life has
hit you and your credit score is maybe it's in
the four hundreds, maybe it needs to be repaired, work
on it, work on it, get a professional. And again,
(32:06):
when we talk about credit a little bit deeper, the
importance of it, I will bring your good friend Lester
Watt from Operation Hope so we can talk about it
a little bit more in detail with him, because he
is a credit professional who does restoration, he does budgeting,
and he's also a licensed hood educator, so he does
(32:28):
all of those things and he's able to help people
get their credit restored. He can help you build a
credit score. The bank has a credit card that helps
you build and it's actually done through like a savings process.
You'll have it savings and they'll give you a card
and it helps you build your credit score up. But
credit is just a small portion of the keys that's
(32:50):
gonna take you to home ownership.
Speaker 3 (32:53):
We are talking with Ruth Phillips of Cadence Bank today.
We are talking about the five keys to home ownership.
If you have a question or two four Ruth nine
zero one five three five nine three four two eight
hundred five zero three nine three four two eight three
three five three five nine three four two will get
(33:15):
you in to us. Can't call, Email me your question.
Bev Johnson at iHeartMedia dot com. You're listening to double.
Speaker 4 (33:26):
D I A The BEV J Just Show.
Speaker 1 (33:37):
Got something to say? Say it next with Tennessee Radio
Hall of Famer Bev Johnson on w d IAD A thing.
Speaker 2 (34:01):
You know, I mean, I'm telling everyone see talking everyone?
Speaker 3 (34:23):
Yeah, I got your talking and we're talking with Ruth
Phillips of Cadence Bank. We are talking about the five
Keys of home ownership.
Speaker 2 (34:31):
Roof.
Speaker 4 (34:31):
We're going to our phone line to talk with Willie Hi,
Willy or right.
Speaker 8 (34:37):
Good morning, how you doing doing, Good morning doing fine?
Good morning to your guests.
Speaker 4 (34:42):
Good morning Willie.
Speaker 7 (34:44):
Hey.
Speaker 8 (34:44):
I was just wondering, okay, when you was talking about credit,
getting your credit built up in everything, why is it
that when like veterans, humanity and all of these people,
why is that when they do a credit pool on you,
it's like a hard pool. That's how that's being said.
(35:09):
When they do a hard pool on that affects your
credit just just by them going in there checking to
see what your credit score or how your credit is.
Speaker 4 (35:18):
Yes, sir, that is correct. If the institution pulls your
credit uh and they are not operating in a nonprofit status,
then it will be a true hard pool to the credit.
If you're looking for credit restoration, you should seek out
Operation Hope. Lester Watt is our financial coach. There. They
(35:42):
pull credit based as a nonprofit organization, so it's not
an inquiry on your credit. It's called a soft pool. However,
with soft pools it is only pulling TransUnion, and you
still have two other bureaus to look at, so it's
to be up to the customer. You can always pull
(36:02):
your credit from Annual Credit Report dot com. That can
give you the trade lines, but it does not provide
a credit score free. You have to pay for the
credit score, so that's another option there. But anytime credit
is pulled, it is considered as an inquiry and it
does take points away. Financial institutions can pull your credit,
(36:23):
but if there's something in the report that shows that
it's not gonna be favorable, just say your score is
gonna come back in the low fives or the fours
or the threes. There's a little mechanism built in when
credit is pulled that will hinder all three bureaus from
being pulled, and it will be automatically become a solf puoll.
But that's how they're set up in programmed to do so.
(36:47):
If I pulled your credit today and you are five
point fifty, then on the five fifty credit score, it
would not pull all three bureaus. It would only pull one,
and that would be the transi Union, So it would
not be a real inquiry and nor would your points
be affected. So if you're looking for credit restoration, reach
(37:08):
out to Operation Hope and if you have a pen
and paper, I can give you his number right now?
Speaker 7 (37:13):
Is that okay?
Speaker 4 (37:14):
Bad?
Speaker 8 (37:15):
I have a good credit score?
Speaker 2 (37:16):
Okay?
Speaker 8 (37:17):
Because I had done that with Veterans Uniting it and
I thought Veterans United was something dealing with the with
the VA. But I find out that they don't.
Speaker 4 (37:30):
They just using that name, I believe, and I don't
know for sure, but I think their financial institution.
Speaker 8 (37:38):
I don't know what they are, but I'm not sure, sir,
so don't.
Speaker 4 (37:42):
Hold me to that, but I do think there's some
type of financial institution or something. I am not sure.
Are you trying to obtain a mortgage? Are you just
trying to find out about your credit?
Speaker 8 (37:53):
I'm trying to find out more information of what it
would be best to.
Speaker 4 (37:58):
Go less to.
Speaker 8 (38:01):
Using God William, sorry, right, I was wondering what it
be best to use something like Veterans United or some
of these people that claim to be for the veteran
to help the veteran, or just to go to like
a financial institution. Like what you got going on was
(38:21):
that Cadence Bank can just do it that way so
I don't know.
Speaker 4 (38:25):
Yes, sir, I am a fan of local because again
you're local, you're supporting local. If you want to see
somebody face to face, they're able to make an appointment
with you for you to come in and they can
go over your documentation face to face. Sometimes people need
face to face versus doing something on a computer or
over phone or over some type of tele a conference.
(38:46):
It does give you a sense of warmness. It does
give you comfort on who you're dealing with that you
become comfortable and not just comfortable to you're a slack,
but you get a sense of they understand, they have
a true care for you and what you're trying to do. So, yes,
when we do offer VA financing, So if you're interested
in VA financing, at the end of the show, I
(39:07):
will provide my phone number.
Speaker 8 (39:09):
Okay, I live in base Baseville, Mississippi. Do y'all cover
that that that far?
Speaker 11 (39:16):
Is that considered local or is that absolutely?
Speaker 2 (39:19):
Sir?
Speaker 4 (39:19):
We do, And if you want somebody in that area,
I do have you have to call me for that
person's name. I do have somebody in Oxford. If you
want somebody there in Oxford, I have somebody in what's
outside of Batesville. I have people in that area who
can help you. Yeah, yes, sir, okay.
Speaker 8 (39:36):
All right, fine, Hey, thank you for the information. Y'all
have a good one.
Speaker 4 (39:40):
Thank you, mister will Thank you, Willie. We appreciate you.
W D I a HI caller, HI caller. Hello, Yes,
you're on the air.
Speaker 2 (39:54):
Hi.
Speaker 11 (39:55):
My name is Margaret Benson, and there are Monica Johnson's parents.
We are calling because Moniqua's birthday is this April, and
we're calling wish her a happy birthday. And her parents
want her to know how much they love her.
Speaker 8 (40:14):
And we have a.
Speaker 11 (40:16):
Cousin that I'm with we're babysitting, and she wanted to
tell Monica happy birthday. She remember fifty years ago when
Monica would get up in the morning and I would
shine her shoes. She had to wear a white, shiny
high top shoes every day.
Speaker 3 (40:35):
Well, hold on a second, let me see what We're
gonna check and see if Monika is out.
Speaker 4 (40:40):
There, and uh so you can you can tell her
so she can hear what you're saying. But yeah, she was.
Speaker 3 (40:46):
They're coming up next, and so we're gonna get We're
gonna Ruth is gonna get what Yeah is Monique? Oh
get on get get on that. Oh no, so this
this person is on the line again, So tell attorney. Yes,
you're on the air live, so go to the microphone.
Speaker 4 (41:08):
So so so so now who is this again?
Speaker 12 (41:12):
This?
Speaker 4 (41:13):
Who is this again? You want to she wanted to
say happy birthday to Attorney Monique. This margin hello, Mama
and Daddy Benson. I am this is Ursula.
Speaker 12 (41:23):
Thank you for being the first to call. However, Monika
is more than likely listening right. So the beauty of
today is everyone and not my apologies for stepping in
with today. We're surprising Monika with a happy birthday. So
it's a it's a normal show where people are calling
(41:44):
in to tay.
Speaker 4 (41:45):
Okay, happy. So she just called a little early.
Speaker 3 (41:47):
So but yeah, but you're okay because Ruthe is gonna
stay and finish that up in here, and Attorney Ursula
is coming in in here.
Speaker 12 (41:55):
So Mama Benson, if you don't mind calling back in
about maybe fifteen about fifty teen minutest five to ten minutes, yes,
call back, take a break and so ten minutes. So
right now, Mama Benson, the time is twelve oh six,
so call it twelve fifteen and we'll be ready, okay.
Speaker 3 (42:14):
Okay, and well you'll you'll be first, yes, ma'am. All right,
thanks guys, bye bye. Oh that's nice. That's that was nicest.
Speaker 4 (42:25):
Let me go with that. W d I a high caller.
W d I a high caller.
Speaker 9 (42:33):
All right, this is Delman coach calling for attorney Johnson.
Speaker 4 (42:37):
Okay, just hold on, well, hold on and we'll get
back with you. Don't don't hang up. Hold on Okay,
all right, you finished with if we could actually since
we are past our time, well that's okay. What let
me get this one phone call maybe for you. W
d I a HI caller.
Speaker 7 (42:56):
Hey, ma'am, how you doing?
Speaker 4 (42:57):
Hey Meredith?
Speaker 7 (42:58):
Good? A couple of things. One is really good news.
I'll tell you that in a minute. But to the
callers who just called a genman, I think it was
a gentleman. Yeah. Better in United is definitely a lending institution.
Has absolutely nothing to do with the v as. But
I think this is where people make their biggest mistake,
and lenders usually get mad at me. Now, realtors work
really closely with lenders, but I tell my clients to
(43:22):
get three different lenders and have them and you know
because they shiell fight for your business like anyone else.
Lenders are out there to make money, just like agents
and any other you know person dealing with a real
estate transaction. So when you call a lender, don't be
afraid to go to three different lenders and say, hey,
I'm applying for a mortgage, give me your best interest rate,
your best offer, and have them to put you a
(43:44):
loan estimate on paper. Now, it does affect your credit,
but only one time. I call it a credit bureau
because people do have Hey, every time I fight for
a loan, they're checking my credit the linding I mean
the creditors told me experience said that within thirty days
if you're looking for a house, they're only counted against
your credit one time. Why is that because they want
(44:07):
you to feel free to go to more than one place.
Don't just go to one place, go to three again,
go to multiple places. Tell them, hey, fight for my business.
I'm playing for a loan, give me your best interest, trade,
you know, your best points, whatever you know they do,
and again do that for yourself again. I think the
worst thing you can do is just go to one
place and say, hey, this is what they give you,
(44:29):
because when they have no one to compare to, you
don't know what kind of deal are you getting. Some
people have better deals, you know, in house deals that
may be fit better for you. So you cheating your
You're cheating yourself when you just use one lendor. Now again,
let us get upset because I tell my clients, no, again,
go for more than one. Just like when you're buying
(44:49):
a car. Sometimes you go buy a car, they send
your credit reports to ten different places. And I used
to get really upset about that because you're thinking all
of them checking your credit. Well, you have to understand,
you applied with this person. You didn't want to apply
with them, so they do have to check your credit.
But obviously the credit viewers do understand that when people
are shopping for expensive things, they need to compare the difference.
(45:10):
So again, do it within thirty days, because within thirty
days you want to get one thing on your credit.
But anyway, Oh, my good news is my husband and
I just became rent I mean landlords ourself. We bought
a duplex. We're gonna fix it up really nice and
make it for some people. Yeah, I'm so happy about that.
But anyway, Thank y'all so much for letting me in.
Speaker 4 (45:29):
You welcome Meredith, and thank you for sharing that you
agree with Meredith.
Speaker 1 (45:33):
I do.
Speaker 4 (45:33):
I do agree with Meredith. You do have the right
as a buyer and consumer to compare. Realtors will usually
provide three lenders for you to choose from. Usually they
will say, this is the lender that I have the
most success with, but here are two other people for
you to check as well. That is that a consumer
should always do that. That's the same thing when they
(45:55):
are listing their house. You don't have to just go
with one realtor. You should in it at least two
or three of them. When people call me who aren't represented,
I give them three realtors to interview to represent them.
So that way I'm not steering anybody to one place, right,
And that's the same thing with being a real estate agent.
You're not supposed to steer to a certain company. Yeah, yes, ma'am,
(46:18):
I know. We we covered job stability and credit. Yes, ma'am,
we'll pick up because next show it'll come back and
we'll pick up assets. They'll be the next thing we're
going to talk about, and then we'll talk about everything
else with the rest of the five keys. We have
one more show on this one, so we'll be fine.
We're good, We're good. Give your telephone numbers out roof
how they can reach you. You can reach me at
(46:39):
nine zero one six four three one one two one
and again, this is Ruth Phillips. If you are looking
for credit restoration assistance Lester Watt with Operation Hope nine
zero one two seven three four or five four seven.
I do have other loan officers besides myself. You can
(47:00):
reach out to Sheila Middleton. Sheila's number is nine zero
one four zero nine two zero three five. I have
Tina Pillow. Tina is in our white Haven area. You
can reach Tina at nine zero one six zero four
seven seven seven three and again. I'm Ruth Phillips with
(47:23):
Caden Spank and you can reach me at nine zero
one six four three one one two one. And thank
you so much for listening today and calling in some
good questions, good questions.
Speaker 3 (47:34):
And Ruth, you know what, and I see these emails,
I will save them for you, okay, and we will
we will get those for you, and I'll get the
emails y'all. Ruth will be back so she can answer
your questions. Good good information today.
Speaker 4 (47:49):
I agree. Thank you so much, No Ben, thank you
so much for having me, and thank you listeners for listening.
And I'd like to remind everyone that on Saturday, after
the Sisterhood strutt, we are having a Home by Education
seminar at Hope Fellowship Church, Memphis at one one seven
zero Mullen Station Road, where yours truly will be presenting
(48:12):
mortgage information. We have somebody there as a financial counselor
unfortunate lessa had to be out of town. Her name
is Vivian Williams. Cassandra Belle Warren with for Success will
be there and Pamela Webster will be there as well.
Sounds good and Ruth send me that information. I'll make
sure our listeners, Tom I will, I will, I'll send
you the flyer.
Speaker 3 (48:29):
Okay, okay. Ruth Phillips of Caden's Bank, thank you. As
we get ready to go to the other side of
the Bev Johnson Show, we have the attorneys coming in,
Attorney Urstfla Woods and Attorney Monika Johnson. Next with me
Bev Johnson on the BEV Johnson Show on w d
i A The Bev Johnson Show.
Speaker 1 (48:57):
Whether you're in Arkansas, Tennessee, or Mississippi on Facebook, Twitter,
or Instagram.
Speaker 4 (49:08):
Thank you for listening to The Bev Johnson Show on
w d I A Memphis
Memphis probably presents the Beam Johnson Show.
Speaker 2 (00:08):
Let me say, Beth, let me you say.
Speaker 3 (00:21):
She's done emphistogain.
Speaker 2 (00:29):
No matter of the problem she can have so all
the phone and the normans your mind. She under Jimmy
in the hair by chilling you to just keep the thing.
Speaker 4 (00:48):
When a wrangle appearing out Ben Johnson Show.
Speaker 2 (00:52):
Because we got this outing gay you can hear every
day you d.
Speaker 4 (01:00):
I hate my bell, got me a missed king.
Speaker 3 (01:48):
Good morning, good morning, good morning, and welcome into w
d I A The Bev Johnson Show.
Speaker 4 (01:56):
I'm bed.
Speaker 3 (01:57):
It is indeed a pleasure I have you with us
once again on this Thursday, April tenth, twenty twenty five.
Enjoyed this fabulous day today, Get ready put your ears
on as we share the good news. Starting off first
(02:17):
from Klon's Bank, Ruth Phillips is back in the house
to help you get that money you need to buy
that house.
Speaker 4 (02:25):
Second hour, we'll talk to the sister friends.
Speaker 3 (02:28):
The attorney's attorney Ursula Woods At Attorney Monika Johnson will
be in this afternoon to answer.
Speaker 4 (02:35):
Your legal questions. When it's your turn to talk, you
know you can.
Speaker 3 (02:39):
All you need to do is dial these numbers nine zero, one, five,
three five nine, three four to two eight hundred five
zero three nine three four two eight three three five,
three five nine.
Speaker 4 (03:00):
The three four to two will get you in to us.
Speaker 3 (03:07):
And if this day, this day, Thursday, April tenth, twenty
twenty five, is your birthday, Happy birthday to each and
every one of y'all out there who may be celebrating.
Speaker 4 (03:23):
A birthday on this day.
Speaker 3 (03:26):
We say God, y'all go out and celebrate your life.
You better, you better. When we come back, we'll talk
with Ruth Phillips of Cadence Bank. Next with me Bev
Johnson on the Bev Johnson Show only on.
Speaker 5 (03:48):
W d I.
Speaker 3 (03:50):
A good morning and welcome back to WDIA the Bev
Johnson Show. It is indeed a pleasure to have you
with us once again on this Thursday, April tenth, twenty
(04:13):
twenty five. Enjoyed this fabulous day to day. Well back
in the house. I love to have this sister here
because she has so much information. She is back with
us today, Miss Ruth Phillips, the Assistant vice president, Community
Development Lending Division Manager for Cadence Bank. Once again, Welcome
(04:36):
Ruth Phillips.
Speaker 4 (04:37):
How you doing Ruth. Good morning, Bev. Thank you so much.
I am doing absolutely great at Spring. Look I know
you look in Spring.
Speaker 3 (04:45):
Y'all should see Ruth. Ruth is sharp today. Girl, You're
looking good. You're looking fabulous today.
Speaker 4 (04:52):
Thank you, Bev. You're the only person outside of my
husband and my workout team that has seen me all week.
Bear what yeah, I still work from home. I still
we're doing you. I was on vacation last week, so
you know, when you're on vacation, you gotta come back
and work. Okay, I've had events scheduled, but I have
been working every day through the events, and so today
(05:13):
I'm like, oh, you don't get to work through bad
you got to go.
Speaker 6 (05:15):
No, no, no.
Speaker 4 (05:17):
I was excited to come today. So I kind of
like fixed myself up. So i'll y'all see Ruth. She
is fixed up. Thank you, bab, thank you, thank you much,
thank you. But I'm excited about being here. I'm excited
about its house buying season. I'm excited. I'm just excited
to I'm excited to be alive. You know, we healthy
and in our right mind, that's right, have activities of
(05:38):
our lambs. We are blessed this morning and so I'm
very thankful today, so thank you for having us back again.
Speaker 3 (05:43):
You right, So I'm thinking today, Ruth, are we talking
about the five Keys?
Speaker 2 (05:49):
Oh?
Speaker 4 (05:49):
Okay, I make sure I was on the right page. Yes, ma'am.
We're on the right page. And it's the five keys
the homeownership, and we're only going to cover maybe two
or three of them today. Time permits, yeah, time, because
we have your sisters coming in.
Speaker 3 (06:04):
They wanted to come in. I told them you were
coming in. They said, oh, we're coming after roof good
good good Attorney I know, Attorney Monika Johnson.
Speaker 1 (06:14):
I know.
Speaker 7 (06:15):
Yeah.
Speaker 4 (06:16):
It's excited because I saw that Priscilla was here yesterday,
maybe tuesday. She was here tuesday. Yes, So I love
when we all come together, yes, because we're really putting
the homeownership wealth building out into the community, out to
your listeners. And I like it when we hit each
other back to back, back to back. So yes, I
was excited. So I'm glad to see that they're coming in.
Speaker 3 (06:37):
There and then people can understand because we believe in
home ownership.
Speaker 4 (06:43):
Absolutely absolutely, we believe it absolutely, we believe it totally
sold out for homeownership period and you know, we talk
about this too last month when we talked about the benefits.
It's there for you when you are ready, and we
talked about everybody doesn't want it, and it's okay, and
that's okay, it is perfectly okay, it's okay. But those
(07:04):
who have the desire to fulfill the gold of homeownership
and to build wealth among themselves and to leave generational
wealth to their family, home ownership is a big step
to doing it. So, yes, I'm sold out for homeownership.
You got a rent. Let it be temporary, Okay, Yes, yes,
it's a temporary effort.
Speaker 3 (07:25):
Reading can add up, Oh yes, oh, yes, a whole lot.
So let's start, Ruth. Let's start with you know you
want to talk about the five keys. You say, you
may not get to all of them. So what is
the first key.
Speaker 4 (07:38):
The first key to homeownership is job stability. First of all,
you must have the financial ability to repay the loan.
That is what documentable. You have to have the documentation
to prove that you are working with consistent, stable income
(08:00):
coming in every single month in order to qualify for
a mortgage. It is the number one key to homeownership.
I say this all the time. It is the most
difficult key to correct because you have to have stability
for a two year period. So sometimes people think, oh,
(08:23):
credit is the hardest thing.
Speaker 3 (08:24):
No.
Speaker 4 (08:24):
Sometimes credit can be corrected in thirty days, sixty days,
ninety days. But you have to have a stable work
history for twenty four consecutive months with no breaks twenty four,
twenty four, So you have to have a two year
work history. If you are self employed, you still have
to have filed your taxes with the IRS for what
(08:47):
twenty four consecutive months, which is a two year tax period.
So it is the most important key to moving from
renting to home ownership. You must have job stability. Okay,
I'm gonna talk about that just a little bit. We're
about to say.
Speaker 3 (09:05):
Something, Well, you're getting back job stability, but I did
have a question about it. The question is that you
say you have to work twenty four consecutive months.
Speaker 4 (09:16):
So what happens, Ruth?
Speaker 3 (09:18):
You're working, but you're you're the kind of person changes jobs. Well,
we have people who are job hoppers.
Speaker 4 (09:26):
Must address those that means, you work here, you don't
like whatever you change, you do a bunch of that changing. Well,
some of the investors will allow you to have one
change a year. But if you are a multiple jobs,
say it's twelve months in the year and you've changed
jobs four or five times, that lets us know that
you're not stable. The only time that that is acceptable
(09:50):
is if you are steadily increasing and pay in your
area of expertise. So you're a nurse, okay, so you
may start out at the hospital whatever hours. Then you
move up to the charge nurse, but you're still working
for in your field. Then you leave that hospital and
you move up to maybe a surgical center. You see
(10:12):
what I'm saying. You're climbing the ladder and you're increasing
in income. But if you're going from just say bank
to bank, same positions and you just keep changing, that's instability.
You're not stable. You have to get somewhere, like my
mom said, give somewhere and sit down. Get somewhere and
(10:33):
get stable in the income so we can know that
that income is there and has a history of being there,
so you'll have the ability to repay the loan. That's
what it's all about. Now. There are other incomes that
can be used, like Social Security, disability, retirement. If you're
(10:57):
a veteran, you may get a form of a v
A some type of stipend from them. Long as you
can verify that it is continuing for the next three years,
you're going to be perfectly fine with those. Child support
can be used as income if it is if it's
a court order or not a court order, if you
have proof of receipt. There are plenty of people out
(11:20):
here who don't have child support court orders and they
support their children every single month by making consistent deposits
into these people's account, whether it's the mother or a father,
because both could be paying child support. Long as we
can verify that, you can use it. The only time
(11:40):
that income from Social Security or any type of disability
like an SSI. If you are receiving SSI and that
not for yourself, but you're an awarde for someone else,
you may not be able to use that SSI. But
if it's awarded to yourself and you are the recipient,
then you can use it, okay. So that's a broad
(12:03):
income W two hourly pay, salary commission. All those things
there are what we look at when we start looking
at income. That's one of the first questions that you
know you want to look at when you pull an application.
Are these people gainfully employed? Are they gainfully employed?
Speaker 3 (12:23):
Because and we'll talk with Cadence in any other bank
k because they want to know ruth if that person
is able to pay them back.
Speaker 4 (12:33):
Exactly exactly. I tell everybody, we're not a nonprofit organization.
We want repayment, and we are not an organization that
wants to see you fail at home ownership and end
up in some foreclosure or some type of modification. So
we want to set the loan up correctly on the
(12:54):
first on the front end, so that you'll be successful
buying your home and it won't be grievous to make
the payments period. Okay, yes, ma'am. So that first key
job stability, job stability. I'm let me take out one
more thing about the ability. Yeah, a lot of times
(13:15):
people are hourly pays. Okay, they get paid by the hour.
Your company offers forty hours a week. You make application
that you are paid this dollar amount for forty hours
a week. But when we look at your paste up
and compare your year to date income to what whatever
(13:36):
dollar time's forty, it's not there. So that lets me
know that you're not working your forty hours a week.
Some people will come back and say, well, I can
work forty hours, but your pa stub clearly tells me
that you have not been working forty hours a week.
So Fannie May, Freddy mac fha, all of the investors say,
(13:57):
we will have to what average income, and sometimes that
average could be lower. So if you're interested in buying
a home and you are paid hourly, please please please
work those forty hours a week. So when we look
at your year to date, it matches what a forty
hour work week would look like in your gross income
(14:19):
section that has become really big lately. Because again people
will be like, oh, I don't get sick paid, So
I just I was sick, I had the flu. Yeah,
so I just took it without pay. Well, you're in
the middle of buying a house. Now you just went
from a perfectly forty hour a week to what. Now
we got to go variable and go back to your
(14:40):
last two years and average it out. So it can't
make a big difference because most of the time people's
increase income is increasing year after year, and especially if
you got a pay raise in that previous year, you
should be making more. So I just I just give
everybody a warrant if you're looking to buy a house,
work those forty hours a week. So when your best
(15:01):
work friend going home and she's not trying to buy
a house, right, bye, I need to stay here till
my eight hour shift this up because I have a
gold in mind, and at the end of that gold
is to own a home, and I must be working
those forty hours a week. And I'm glad you're telling
them because because you're gonna be looking at that. Yes, yes, yes,
(15:21):
we look at that. We look at that. We look
at that year to date income to make sure that
that year to date income is tracking exactly where sixteen
dollars an hour's time forty hours, you've been there for
two months, and this shouldn't match out exactly, and we
can do that, like if some people get vacation time,
so we go back and add that vacation. They pay
(15:43):
you what your hourly pay for the hours that you
take vacation, They'll pay you that hourly pay. So yes,
we are tracking that, and that has become like really
really big lately because usually we would say, oh, okay, well, yeah,
they work forty hours a week, but you know their
company doesn't pay and I'll do that anymore. So if
your company doesn't pay sick time, and you have vacation time,
(16:06):
and you are in the middle of looking for a home,
or you know you want to buy a house this year,
then I suggest that you use your vacation time to
cover your sick time.
Speaker 3 (16:18):
So your a year to date, we'll be tracking correctly.
Good advice, Yes, ma'am. If you've just tuned in this morning,
good morning to you.
Speaker 4 (16:26):
Welcome in.
Speaker 3 (16:26):
We are talking with Miss Ruth Phillips of Caiden's Bank.
We're talking today about the five Keys of home ownership.
You are thinking about becoming a homeowner, you need to
listen to Ruth because she's going to tell you those
steps that you need, those keys to becoming a homeowner.
Our lines are open at nine zero, one, five, three, five, nine,
(16:50):
three four two eight hundred five zero, three, nine three
four to two eight three three, five, three, five, nine
three four or two will.
Speaker 4 (17:00):
Get you in to us.
Speaker 3 (17:02):
If you can't call you have a question for Ruth,
email me your question. Bev Johnson at iHeartMedia dot com.
Bev Johnson at iHeartMedia dot com.
Speaker 4 (17:17):
You're listening to do w d i A the Bev
Johnson Show.
Speaker 1 (17:35):
Don't Go Away.
Speaker 4 (17:36):
The Bev Johnson Show returns after these messages.
Speaker 2 (17:49):
Over the time, working hard to bring you ourday, Nev Sevey.
Speaker 3 (18:17):
And today we are talking the five Keys of home
ownership with Miss Ruth Phillips of Cadence Bank. Ruth, we
are going to our phone lines to talk with Miss Patty.
Speaker 6 (18:29):
Hi, Miss Patty, Hello there, Good morning to you and
your gat Good morning all right. My husband and I
are seventy seven, seventy eight. We own a home already
small home. I just received a gift to Great Pyrenees
and I need a bigger yard and I'm thinking about moving,
(18:52):
maybe just for the doubles. So what would we have problems?
Speaker 4 (18:57):
No, ma'am, No, ma'am, not at all. You would have
an option of selling the property that you're in. We
would use your income, whether it is a pension or
social security and qualify you for your next property.
Speaker 6 (19:08):
There, okay, So would you have to have the three
years like you were talking about income or whatever.
Speaker 4 (19:18):
No, man, because you probably just started getting your social
Security or your pension. And if that's the case, yeah,
if that's the case, we go based on the awards letter.
Most pension is awarded for life, or if it is
awarded against your four oh one k. We look at
how many years you're going to have remaining versus what
you're being paid out of. So no, ma'am, we would
(19:40):
use your income.
Speaker 6 (19:43):
Okay. So one other question, because of our age, I'm wondering,
could I buy another house in my son's name.
Speaker 4 (19:54):
Your son would have to buy the house and he
could either be you know, he can go on alone
with you. If that's the case. Your age has nothing
to do with you buying a home. There's people as
old as I think. I just saw somebody at Ursles's office.
They were like eighty six years old. So it's called
age discrimination. If somebody tells you that you can't buy
a home based on your age, that has nothing to
(20:16):
do with it. It is based on these keys that
we're talking about today, your ability to repay the loan. Yes, ma'am.
Speaker 6 (20:24):
All right, thank you very much, and thank you, Beth.
Let's just snall sence his best regards to you.
Speaker 4 (20:30):
Well, tell him I said hello, and give him a
big hug for.
Speaker 6 (20:34):
Me, all right, I will.
Speaker 8 (20:35):
And miss Patty, yes.
Speaker 3 (20:36):
Right, and keep listening and get and and and Ruse
will give her phone number and you may want.
Speaker 4 (20:40):
To talk to her more.
Speaker 6 (20:42):
All right, thank you very much.
Speaker 4 (20:44):
Thank you, Thank you, Miss Patty.
Speaker 3 (20:47):
Bye bye w D I A Hi Frank, I'm doing well, Frank,
and yourself.
Speaker 9 (20:58):
I'm doing one. Before doing one, I would like for
the young lady to Miss Ruth, I must say, I
would like for you to outline a plan for these
young folks that got these jobs, that think they can't
(21:19):
buy a home. But let them know a plan that
they can get or get involved with a you know,
and start buying at a young age. That way, when
they get a certain ad, they'll have something of their own.
(21:39):
Just explain something in that matter so they can understand
that that they can buy at a young age.
Speaker 4 (21:50):
Yes, sir, thank you for calling, mister Frank. I'd be
delighted to I'll do it really short, beb Okay, thank you, Frank.
We appreciate you. Okay. So the age the earliest you
can purchase in the state of Tennessee is eighteen e gen. Yes,
and Mississippi went to eighteen last year. Okay, So again
(22:11):
we have to go back to having a two year
work history with stable income if you're eighteen and under. Now,
some people have worked from there were sixteen years old,
still went to school, work forty hours a week, and
been on that same job. They may be able to
purchase a home. So what you need to do is
(22:32):
like we're having a workshop this weekend, a Home by
Education seminar this weekend. That's a great place for somebody
young to start, so they can come and get information,
write down a plan for them and be able to
start looking toward and getting on the right path to
home ownership for their savings, for their assets. They'll need
to just begin in the transaction. Know that I need
(22:55):
to get on this job and stay on this job
for my you know, to have to demonstrate stable income.
So those are some things that I do talk about
in the workshop. Is the plan to move into homeownership.
Some people at eighteen, they do buy a house. Some
kids leave and go off to college because again they've
had stable income or their parents co sign for them
(23:16):
to go off to college. They buy a small house
there and those children are able to rent out those
other two bedrooms to what other classmates and that's how
they pay the mortgage. But their parents would have co
signed for them. I have some people in Mississippi whose
daughter's going to a college really soon, and that's what
their plan is to do. They're going to buy a
house with their daughter, so she's the first time home
(23:38):
buyer with her and the down payment will be three
and a half percent versus having to put twenty five
percent for an investment property. And the daughter will live
in the house as her primary residence, which still makes
it okay for faha, and she can rent out those
other two bedrooms which will take care of the house. Note,
So that's smart planning there. Okay, Yes, they're right. Plans workshops.
(24:01):
United Housing has something at least once a month face
to face. They have virtual classes. So a lot of
times in the classes when we do those when you're
not in a house, and there'll be people on there
who they're just there for information. They're not ready to
buy a house, but they're what getting prepared to buy
a house. So yes, sir, we'll be glad to do that.
W D I a high caller. Yes you're in the.
Speaker 10 (24:25):
Air, Thank you very much. I just calling in, you know,
just firm agreement for it to what the learned counsel
is saying. Because you see, real property is the number
source of wealth and Black people for generations have been
denied this. We all know what happened to Black Wall
Street and all of that. So it's very opolisting to
(24:46):
me to see that she's doing this and exploring the
concept of younger people owning property because we don't teach
finance literacy to our young black kids. So I'm so
happy that this is happening. But i would like also
to say that I do know your presenter. She's a
(25:06):
follow attorney of mine and I'm a friend of Firs.
I'm from London, Al Road, and I'd like to wish
her appy birthday also and to say keep up the
good work she's She is such a wonderful person. I
still remember during what happened in Louisiana, in New Orleans
or she left, took time out for making money just
(25:26):
to go down there to help to help out in
you know, just doing war, giving things to people, buying
stuff for them and all that. And I'm like, Wow,
this young lady is something else. So I'd like to
sure very wonderful happy birthday, and so to keep on,
you know, just doing the wonderful work. We need more
people like her, And thank you very much bout the
(25:48):
Johnson for affording our facility, you know, to get so
wide the audience also because that that also is part
and parcel of what we do as black people.
Speaker 1 (25:56):
Thank you so much.
Speaker 5 (25:58):
You guys have a great program.
Speaker 6 (25:59):
Okay, the same to you.
Speaker 4 (26:01):
Thank you, Bye bye w D. I a high caller.
Speaker 9 (26:07):
Johnson.
Speaker 4 (26:08):
Clyde. High Clyde.
Speaker 9 (26:11):
How you doing in your kids?
Speaker 4 (26:12):
I'm doing well, Clyde.
Speaker 1 (26:14):
How are you all right?
Speaker 5 (26:16):
Something I want to I want to ask you to
guess something and then maybe she can explain to people,
like some people get behind on the house note and
they're scared to answer the levels they're getting answer the
phone call. I heard that the bank don't really want
(26:37):
your house back. They wouldn't have worked.
Speaker 6 (26:39):
With you to catch up.
Speaker 5 (26:44):
And I just want to somebody, I just I just
want to know it that true?
Speaker 4 (26:49):
You know, thanks for calling me. All right, Clyde, Well's
gonna answer your question. Thank you answer that question for Clyde.
Is that true? I got that, Yes, Clyde, that is true.
The bank does not want your house back. We want
you to repay the loan. So I advise customers, if
you for some reason see that you're going to get
(27:11):
behind on your note, reach out immediately to the servicing
department and let them know, Hey, I'm going to get behind.
There may be some type of workout, some type of modification,
but sitting there getting phone calls and mail and the mail,
it's not going to go away. It's not going to
(27:32):
go away. So I advise you don't be The fear
is them knocking on your door to set you out
because you did not answer the call, because you did
not open the mail, and the foreclosure procedure went forth.
There's all sorts of options for you. Reach out to
the servicing department, let them know I've lost my job,
(27:54):
I lost my husband who is the primary person making
the note. So we can work with you as much
as possible to modify so you can keep the house
or it's a good place for you to sell your home.
So reach out back and find out. But don't ignore
the calls and please don't ignore the mail. Please don't.
(28:15):
That's some of the saddest things that have happened, Like
when people are they knocked on my door to set
me out. Ma'am, did you not get a phone call
because they call, yeah, and they send mail and they
actually send a person to the property, just to make
sure the property is there. Okay, they knock on the door.
Sometimes they can look and see that, hey, I worked
in the servicing area before. That's just how I know
(28:36):
these things. Not here at Cadence, but with another financial company.
They can see that the mail is just piling up there,
that maybe you've already moved out of it. But do something.
Don't walk away from a property. Reach out to a
real estate professional and put the house on the market
and sell it so you may be able to get
some equity out of the house again. But the bank
(28:57):
does not want that house back. They want you to
pay for the loan. That's what we want you to do.
Speaker 3 (29:01):
Okay, what is this second key, Ruth? We've had the
first one job stability.
Speaker 4 (29:07):
Number two credit, ah credit. Somebody going like, oh, no,
credit and your credit history and as well as your score.
A lot of people think that that is the biggest
thing in getting qualified, but it is. It's important. But again,
(29:27):
the first thing was your ability to repay. Credit can
be restored, rebuilt, reset. It's a great opportunity to hit
reset if you've had some bumps in the road. The
scoring is just a tool used to show lenders your
likeliness to repay the debt. Everybody uses them. Everybody wants
(29:52):
to know what's my score before I can even pull
the credit. They want to know what's their score. They're
all sorts of little tools out there that can tell
you what your score is. But the bank and all
mortgage companies, they usually pull what's called a tri merge,
which will include Equifax, Experience, and TransUnion. Those numbers could
all be different. We put those in numerical order and
(30:14):
use the middle number to determine what your score is
going to be for this transaction. Credit is important, Basically,
it is your way of saying, BEB trusted me with
this money, and I paid her back on time, so
I have a perfect relationship there, and I've got a
high score with BEB. And it does with everything the
(30:36):
same way. So credit is important, but it is not
the only thing that we look at. Because I've had
people who have, like they have seven to eight hundred
credit scores, but they don't have a job. What I
knew that was gonna a minute. They got a good
credit score like that, no job, great credit scores, no
(30:58):
jobs or no documentable jobs. Maybe somebody else pays their
bills or maybe they work for cash and they have
not decided to file it on their tax returns. Hit so,
but a mortgage requires the ability to repay. Credit again
can be restored, sometimes as quick as thirty days, and
(31:20):
sometimes it could take you a little bit longer to
repair your credit. If you think that you're in a
position where, oh I can't do all of this and
it's too much and I've dug a ditch too far,
that's a good place for ursula. It's a good place
for you to have a visit with someone of URSULA
that can help you out to say, yes, you're too
deep into the debt or whatever, and maybe you can
(31:42):
maybe do something else there. But that's a good place there.
But credit is most important. And again I say all
the time, there is life after life. If life has
hit you and your credit score is maybe it's in
the four hundreds, maybe it needs to be repaired, work
on it, work on it, get a professional. And again,
(32:06):
when we talk about credit a little bit deeper, the
importance of it, I will bring your good friend Lester
Watt from Operation Hope so we can talk about it
a little bit more in detail with him, because he
is a credit professional who does restoration, he does budgeting,
and he's also a licensed hood educator, so he does
(32:28):
all of those things and he's able to help people
get their credit restored. He can help you build a
credit score. The bank has a credit card that helps
you build and it's actually done through like a savings process.
You'll have it savings and they'll give you a card
and it helps you build your credit score up. But
credit is just a small portion of the keys that's
(32:50):
gonna take you to home ownership.
Speaker 3 (32:53):
We are talking with Ruth Phillips of Cadence Bank today.
We are talking about the five keys to home ownership.
If you have a question or two four Ruth nine
zero one five three five nine three four two eight
hundred five zero three nine three four two eight three
three five three five nine three four two will get
(33:15):
you in to us. Can't call, Email me your question.
Bev Johnson at iHeartMedia dot com. You're listening to double.
Speaker 4 (33:26):
D I A The BEV J Just Show.
Speaker 1 (33:37):
Got something to say? Say it next with Tennessee Radio
Hall of Famer Bev Johnson on w d IAD A thing.
Speaker 2 (34:01):
You know, I mean, I'm telling everyone see talking everyone?
Speaker 3 (34:23):
Yeah, I got your talking and we're talking with Ruth
Phillips of Cadence Bank. We are talking about the five
Keys of home ownership.
Speaker 2 (34:31):
Roof.
Speaker 4 (34:31):
We're going to our phone line to talk with Willie Hi,
Willy or right.
Speaker 8 (34:37):
Good morning, how you doing doing, Good morning doing fine?
Good morning to your guests.
Speaker 4 (34:42):
Good morning Willie.
Speaker 7 (34:44):
Hey.
Speaker 8 (34:44):
I was just wondering, okay, when you was talking about credit,
getting your credit built up in everything, why is it
that when like veterans, humanity and all of these people,
why is that when they do a credit pool on you,
it's like a hard pool. That's how that's being said.
(35:09):
When they do a hard pool on that affects your
credit just just by them going in there checking to
see what your credit score or how your credit is.
Speaker 4 (35:18):
Yes, sir, that is correct. If the institution pulls your
credit uh and they are not operating in a nonprofit status,
then it will be a true hard pool to the credit.
If you're looking for credit restoration, you should seek out
Operation Hope. Lester Watt is our financial coach. There. They
(35:42):
pull credit based as a nonprofit organization, so it's not
an inquiry on your credit. It's called a soft pool. However,
with soft pools it is only pulling TransUnion, and you
still have two other bureaus to look at, so it's
to be up to the customer. You can always pull
(36:02):
your credit from Annual Credit Report dot com. That can
give you the trade lines, but it does not provide
a credit score free. You have to pay for the
credit score, so that's another option there. But anytime credit
is pulled, it is considered as an inquiry and it
does take points away. Financial institutions can pull your credit,
(36:23):
but if there's something in the report that shows that
it's not gonna be favorable, just say your score is
gonna come back in the low fives or the fours
or the threes. There's a little mechanism built in when
credit is pulled that will hinder all three bureaus from
being pulled, and it will be automatically become a solf puoll.
But that's how they're set up in programmed to do so.
(36:47):
If I pulled your credit today and you are five
point fifty, then on the five fifty credit score, it
would not pull all three bureaus. It would only pull one,
and that would be the transi Union, So it would
not be a real inquiry and nor would your points
be affected. So if you're looking for credit restoration, reach
(37:08):
out to Operation Hope and if you have a pen
and paper, I can give you his number right now?
Speaker 7 (37:13):
Is that okay?
Speaker 4 (37:14):
Bad?
Speaker 8 (37:15):
I have a good credit score?
Speaker 2 (37:16):
Okay?
Speaker 8 (37:17):
Because I had done that with Veterans Uniting it and
I thought Veterans United was something dealing with the with
the VA. But I find out that they don't.
Speaker 4 (37:30):
They just using that name, I believe, and I don't
know for sure, but I think their financial institution.
Speaker 8 (37:38):
I don't know what they are, but I'm not sure, sir,
so don't.
Speaker 4 (37:42):
Hold me to that, but I do think there's some
type of financial institution or something. I am not sure.
Are you trying to obtain a mortgage? Are you just
trying to find out about your credit?
Speaker 8 (37:53):
I'm trying to find out more information of what it
would be best to.
Speaker 4 (37:58):
Go less to.
Speaker 8 (38:01):
Using God William, sorry, right, I was wondering what it
be best to use something like Veterans United or some
of these people that claim to be for the veteran
to help the veteran, or just to go to like
a financial institution. Like what you got going on was
(38:21):
that Cadence Bank can just do it that way so
I don't know.
Speaker 4 (38:25):
Yes, sir, I am a fan of local because again
you're local, you're supporting local. If you want to see
somebody face to face, they're able to make an appointment
with you for you to come in and they can
go over your documentation face to face. Sometimes people need
face to face versus doing something on a computer or
over phone or over some type of tele a conference.
(38:46):
It does give you a sense of warmness. It does
give you comfort on who you're dealing with that you
become comfortable and not just comfortable to you're a slack,
but you get a sense of they understand, they have
a true care for you and what you're trying to do. So, yes,
when we do offer VA financing, So if you're interested
in VA financing, at the end of the show, I
(39:07):
will provide my phone number.
Speaker 8 (39:09):
Okay, I live in base Baseville, Mississippi. Do y'all cover
that that that far?
Speaker 11 (39:16):
Is that considered local or is that absolutely?
Speaker 2 (39:19):
Sir?
Speaker 4 (39:19):
We do, And if you want somebody in that area,
I do have you have to call me for that
person's name. I do have somebody in Oxford. If you
want somebody there in Oxford, I have somebody in what's
outside of Batesville. I have people in that area who
can help you. Yeah, yes, sir, okay.
Speaker 8 (39:36):
All right, fine, Hey, thank you for the information. Y'all
have a good one.
Speaker 4 (39:40):
Thank you, mister will Thank you, Willie. We appreciate you.
W D I a HI caller, HI caller. Hello, Yes,
you're on the air.
Speaker 2 (39:54):
Hi.
Speaker 11 (39:55):
My name is Margaret Benson, and there are Monica Johnson's parents.
We are calling because Moniqua's birthday is this April, and
we're calling wish her a happy birthday. And her parents
want her to know how much they love her.
Speaker 8 (40:14):
And we have a.
Speaker 11 (40:16):
Cousin that I'm with we're babysitting, and she wanted to
tell Monica happy birthday. She remember fifty years ago when
Monica would get up in the morning and I would
shine her shoes. She had to wear a white, shiny
high top shoes every day.
Speaker 3 (40:35):
Well, hold on a second, let me see what We're
gonna check and see if Monika is out.
Speaker 4 (40:40):
There, and uh so you can you can tell her
so she can hear what you're saying. But yeah, she was.
Speaker 3 (40:46):
They're coming up next, and so we're gonna get We're
gonna Ruth is gonna get what Yeah is Monique? Oh
get on get get on that. Oh no, so this
this person is on the line again, So tell attorney. Yes,
you're on the air live, so go to the microphone.
Speaker 4 (41:08):
So so so so now who is this again?
Speaker 12 (41:12):
This?
Speaker 4 (41:13):
Who is this again? You want to she wanted to
say happy birthday to Attorney Monique. This margin hello, Mama
and Daddy Benson. I am this is Ursula.
Speaker 12 (41:23):
Thank you for being the first to call. However, Monika
is more than likely listening right. So the beauty of
today is everyone and not my apologies for stepping in
with today. We're surprising Monika with a happy birthday. So
it's a it's a normal show where people are calling
(41:44):
in to tay.
Speaker 4 (41:45):
Okay, happy. So she just called a little early.
Speaker 3 (41:47):
So but yeah, but you're okay because Ruthe is gonna
stay and finish that up in here, and Attorney Ursula
is coming in in here.
Speaker 12 (41:55):
So Mama Benson, if you don't mind calling back in
about maybe fifteen about fifty teen minutest five to ten minutes, yes,
call back, take a break and so ten minutes. So
right now, Mama Benson, the time is twelve oh six,
so call it twelve fifteen and we'll be ready, okay.
Speaker 3 (42:14):
Okay, and well you'll you'll be first, yes, ma'am. All right,
thanks guys, bye bye. Oh that's nice. That's that was nicest.
Speaker 4 (42:25):
Let me go with that. W d I a high caller.
W d I a high caller.
Speaker 9 (42:33):
All right, this is Delman coach calling for attorney Johnson.
Speaker 4 (42:37):
Okay, just hold on, well, hold on and we'll get
back with you. Don't don't hang up. Hold on Okay,
all right, you finished with if we could actually since
we are past our time, well that's okay. What let
me get this one phone call maybe for you. W
d I a HI caller.
Speaker 7 (42:56):
Hey, ma'am, how you doing?
Speaker 4 (42:57):
Hey Meredith?
Speaker 7 (42:58):
Good? A couple of things. One is really good news.
I'll tell you that in a minute. But to the
callers who just called a genman, I think it was
a gentleman. Yeah. Better in United is definitely a lending institution.
Has absolutely nothing to do with the v as. But
I think this is where people make their biggest mistake,
and lenders usually get mad at me. Now, realtors work
really closely with lenders, but I tell my clients to
(43:22):
get three different lenders and have them and you know
because they shiell fight for your business like anyone else.
Lenders are out there to make money, just like agents
and any other you know person dealing with a real
estate transaction. So when you call a lender, don't be
afraid to go to three different lenders and say, hey,
I'm applying for a mortgage, give me your best interest rate,
your best offer, and have them to put you a
(43:44):
loan estimate on paper. Now, it does affect your credit,
but only one time. I call it a credit bureau
because people do have Hey, every time I fight for
a loan, they're checking my credit the linding I mean
the creditors told me experience said that within thirty days
if you're looking for a house, they're only counted against
your credit one time. Why is that because they want
(44:07):
you to feel free to go to more than one place.
Don't just go to one place, go to three again,
go to multiple places. Tell them, hey, fight for my business.
I'm playing for a loan, give me your best interest, trade,
you know, your best points, whatever you know they do,
and again do that for yourself again. I think the
worst thing you can do is just go to one
place and say, hey, this is what they give you,
(44:29):
because when they have no one to compare to, you
don't know what kind of deal are you getting. Some
people have better deals, you know, in house deals that
may be fit better for you. So you cheating your
You're cheating yourself when you just use one lendor. Now again,
let us get upset because I tell my clients, no, again,
go for more than one. Just like when you're buying
(44:49):
a car. Sometimes you go buy a car, they send
your credit reports to ten different places. And I used
to get really upset about that because you're thinking all
of them checking your credit. Well, you have to understand,
you applied with this person. You didn't want to apply
with them, so they do have to check your credit.
But obviously the credit viewers do understand that when people
are shopping for expensive things, they need to compare the difference.
(45:10):
So again, do it within thirty days, because within thirty
days you want to get one thing on your credit.
But anyway, Oh, my good news is my husband and
I just became rent I mean landlords ourself. We bought
a duplex. We're gonna fix it up really nice and
make it for some people. Yeah, I'm so happy about that.
But anyway, Thank y'all so much for letting me in.
Speaker 4 (45:29):
You welcome Meredith, and thank you for sharing that you
agree with Meredith.
Speaker 1 (45:33):
I do.
Speaker 4 (45:33):
I do agree with Meredith. You do have the right
as a buyer and consumer to compare. Realtors will usually
provide three lenders for you to choose from. Usually they
will say, this is the lender that I have the
most success with, but here are two other people for
you to check as well. That is that a consumer
should always do that. That's the same thing when they
(45:55):
are listing their house. You don't have to just go
with one realtor. You should in it at least two
or three of them. When people call me who aren't represented,
I give them three realtors to interview to represent them.
So that way I'm not steering anybody to one place, right,
And that's the same thing with being a real estate agent.
You're not supposed to steer to a certain company. Yeah, yes, ma'am,
(46:18):
I know. We we covered job stability and credit. Yes, ma'am,
we'll pick up because next show it'll come back and
we'll pick up assets. They'll be the next thing we're
going to talk about, and then we'll talk about everything
else with the rest of the five keys. We have
one more show on this one, so we'll be fine.
We're good, We're good. Give your telephone numbers out roof
how they can reach you. You can reach me at
(46:39):
nine zero one six four three one one two one
and again, this is Ruth Phillips. If you are looking
for credit restoration assistance Lester Watt with Operation Hope nine
zero one two seven three four or five four seven.
I do have other loan officers besides myself. You can
(47:00):
reach out to Sheila Middleton. Sheila's number is nine zero
one four zero nine two zero three five. I have
Tina Pillow. Tina is in our white Haven area. You
can reach Tina at nine zero one six zero four
seven seven seven three and again. I'm Ruth Phillips with
(47:23):
Caden Spank and you can reach me at nine zero
one six four three one one two one. And thank
you so much for listening today and calling in some
good questions, good questions.
Speaker 3 (47:34):
And Ruth, you know what, and I see these emails,
I will save them for you, okay, and we will
we will get those for you, and I'll get the
emails y'all. Ruth will be back so she can answer
your questions. Good good information today.
Speaker 4 (47:49):
I agree. Thank you so much, No Ben, thank you
so much for having me, and thank you listeners for listening.
And I'd like to remind everyone that on Saturday, after
the Sisterhood strutt, we are having a Home by Education
seminar at Hope Fellowship Church, Memphis at one one seven
zero Mullen Station Road, where yours truly will be presenting
(48:12):
mortgage information. We have somebody there as a financial counselor
unfortunate lessa had to be out of town. Her name
is Vivian Williams. Cassandra Belle Warren with for Success will
be there and Pamela Webster will be there as well.
Sounds good and Ruth send me that information. I'll make
sure our listeners, Tom I will, I will, I'll send
you the flyer.
Speaker 3 (48:29):
Okay, okay. Ruth Phillips of Caden's Bank, thank you. As
we get ready to go to the other side of
the Bev Johnson Show, we have the attorneys coming in,
Attorney Urstfla Woods and Attorney Monika Johnson. Next with me
Bev Johnson on the BEV Johnson Show on w d
i A The Bev Johnson Show.
Speaker 1 (48:57):
Whether you're in Arkansas, Tennessee, or Mississippi on Facebook, Twitter,
or Instagram.
Speaker 4 (49:08):
Thank you for listening to The Bev Johnson Show on
w d I A Memphis
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