Welcome to Time with Tami

I am Tami Barber, your local East Tennessee mortgage professional. As an Encore Lending Group loan officer my reputation is built on professionalism, integrity and the ability to keep transactions on track. I am dedicated to helping clients obtain a mortgage that fits their specific home ownership needs and goals. I hope you will find information within this newsletter that will be of benefit and help with your clients. 

Transition Your Home into Winter

Your wardrobe isn’t the only thing that needs to shift with the changing seasons. All around your home there are myriad tasks that will help make each room cozy and efficient for the cooler months of the year. Get your checklist out and make sure your home is winter-ready!

The bedroom. Swap out cotton sheets and lightweight bedspreads with flannel sheets and down or down-alternative duvets. Trade your sheer curtains for heavier drapes that help keep the warm air in. If you have window air conditioning units still in place, make sure they’re removed and that windows are securely sealed. Finally, a strategically placed, plush area rug will add an extra layer of warmth for when your feet first hit the floor on cold mornings.

The living room. If your living room has a fireplace, call a professional and have it properly cleaned to remove any creosote build-up. A professional will also be able to remove any nests or debris that might have settled in the chimney during the warmer months. As in the bedroom, remove sheer drapery and replace it with heavier, heat-saving options. Check your windows for drafts and take care of any repairs that need to be made to framework. Unpack or treat yourself to some soft and wooly throw blankets to nestle under during the winter months.

The kitchen. The kitchen is often a prime area for drafts, so do a thorough check before winter winds find their way in. Key areas to investigate include around appliances, which connect to outside plumbing, like your dishwasher, cabinets and windows. Cozy-up tile floors often used in kitchens with the addition of a few non-skid kitchen mats. Make sure to select the kind that are machine washable to make life easier. And remember to be mindful of energy usage in the kitchen during the winter months. In the mood to bake? Let your oven multi-task and pop in a casserole for the week ahead, as well.

The bathroom. The lure of a long, hot bath or shower is tempting during the chilly months of winter, so be careful not to let your bathroom become a drain on your energy bill. Add a kitchen timer to your bathroom shelf to prevent baths and showers from extending beyond an allotted timeframe. Act like a five-star hotel and invest in a plush robe or two and make sure they’re conveniently located in your bathroom. This will lessen the pain of getting out of that warm shower in the middle of winter. Add larger bathmats with more depth to help warm cold bathroom floors, along with a couple of spa-sized towels. It may be time to rethink your bathroom window-coverings, as well. Thermal shades will help keep bathrooms warmer in winter and provide more privacy as foliage falls.
With the above strategies, your home will be a warm and inviting haven—as well as an efficient one—all winter long.  


Reprinted with permission from RISMedia. ©2019. All rights reserved.

Understanding Millennial Home-Buying Preferences

November 3, 2019

By Yazir Phelps

If your agents work with first-time homebuyers, chances are they're going to be working with millennials. Understanding the characteristics, desires and limitations of this generation is the first step to achieving success with millennial real estate clients. Here are six things you need to know about the millennial generation:
1. Millennials are numerous.
The U.S. Census Bureau reports that there are currently about 83.1 million millennials, which represents over one-­fourth of the nation's population. The number of millennials surpassed the number of baby boomers around 2010.
2. Millennials are diverse.
The most recent estimates of diversity were completed in July of 2014. The U.S. Census Bureau reported that 44.2 percent of millennials identified themselves as minorities: 19 percent Hispanic, 14 percent African American, 5 percent Asian, and 3 percent mixed race or other.
3. Millennials have unfavorable debt-to-income ratios.
The average millennial owes around $36,000 in debt (U.S. Census). The average student owes around $12,700 in credit­ card and other types of debt (Newsweek). This makes purchasing property a difficult endeavor for millennials.
4. Millennials are educated.
One­-third of older millennials (currently in their 30s) have earned at least a four­-year college degree, making them the best­ educated group of young adults in United States history (Pew Research Center).
5. Millennials are delaying marriage and children.
Just 26 percent of millennials in the United States are married, compared with 36 percent of Generation X, 48 percent of baby boomers and 65 percent of the Silent Generation at the same age. According to Pew Research Center, 33 percent have put off marriage or having a baby due to the recession.
6. Millennials rely heavily on technology.
More than 85 percent of millennials in the United States own smartphones, and 65 percent of millennials say that losing their phone or computer would have a greater negative impact on their daily routine than losing their car. Fifty-seven percent of millennials also said that they would change financial advisors for a tech setting.
Millennial Home-Buying Trends and Preferences
Although millennials are burdened with debt, they have high aspirations. Millennial homebuyers want spaces that are efficient in terms of use and energy. They are not interested in large, ornate homes in the suburbs, but would rather be in something small, flexible, personalized and close to restaurants, shops and recreational space. When it comes to real estate agents, they are looking for top-notch customer service first and foremost. They also expect to be able to communicate with you via text, email and social media.
Yazir Phelps is the chief marketing officer at Real Estate Express, a national leader in online learning for pre-licensing, continuing education and professional development. Phelps has over 18 years of experience in marketing fueling growth at Fortune 500 organizations and over five years of experience working directly with real estate professionals. Her extensive background in generating demand for products and services encompasses crucial strategies to a successful career in the field. To learn more, please visit www.RealEstateExpress.com. 

Will you be traveling by air for the holidays?
4 Things to Do Before You Head to the Airport

Traveling by plane can be a stressful experience, no matter how many times you've done it. And even for those who rely on travel insurance, mishaps can happen, and frequently do. To help, Squaremouth shares four travel insurance tips travelers need to know before heading to the airport

Purchase Coverage Early. One of the most common mistakes travelers make is purchasing coverage too late and missing out on standard pre-departure benefits. Travel insurance will only pay claims on policies that were purchased prior to a covered event occurring, such as inclement weather or illness, so it is key to purchase a policy early in order to get the most out of these benefits. Buying travel insurance early also increases your chance of being eligible for certain time-sensitive coverage, including the popular Cancel For Any Reason and Pre-Existing Condition benefits.

Review Your Policy. Travelers should plan to review their policy before departure, paying attention to coverage for common issues like trip delays. Most policies include Travel Delay coverage, but there are requirements that must be met before that benefit takes effect. For example, if a flight is delayed for a covered reason, such as inclement weather or mechanical failures, there is still a minimum amount of time that the traveler must be delayed, typically between 3 - 12 hours.

Protect Your Valuables. Most comprehensive travel insurance policies include the Baggage and Personal Items Loss benefit, which protects travelers in the event their bags are lost, stolen, or damaged during a trip. However, this benefit has a reimbursement limit, and is not designed to cover valuables, such as jewelry, furs and electronics. Squaremouth recommends travelers insure expensive items valued above $1,000 through other sources, such as homeowners insurance or the credit card that was used to purchase the item.

Don't Be Late. While most policies include benefits for travelers who miss a flight, the reason must be specifically covered by the policy. Travel insurance does not cover missed flights due to airport security delays or heavy traffic, unless the traveler is involved in an accident on their way to the airport. Common covered reasons include airline delays due to mechanical failure or inclement weather, lost or stolen passports, weather conditions and road closures that prevent you from getting to the airport, or a traffic accident.

Source: Squaremouth Reprinted with permission from RISMedia. ©2019. All rights reserved.

Tami L Barber

NMLS #1030737

(423) 943-9269

Encore Lending Group LLC

NMLS #1249911

206 Wesley St, Johnson City TN 37601

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The information contained in this site has been prepared by an independent third party and is distributed for educational purposes only. This is designed to give helpful tips on the mortgage process and is not intended to give legal advice. Information is considered reliable but not guaranteed. This is not a prequalification, preapproval, loan approval or commitment to lend.