Welcome Home with Guadian Savings Bank 2-22-25

Episode Transcript

Speaker 1 (00:05):
Good warning les you tell your listen Welcome Home show
by Guardian Savings Bank. I'm Larry Phrase Tim Adams in
here this Saturday morning. We're glad to have you tuned
in to us. Bank is open to day from nine
to one, when it was eight five nine, eight ninety
nine one nine three six herem Hamburg, Southland drives eight
five nine two six three three three three five. So
if you can hear, she can call Jamie Mortimer, Aeron O'Brien, Jimmckenzie,

(00:28):
Alex malaniy over at Southland, here at Hamburg, Alex Tangle,
Tim Adams, Lorie Hawkins, Klemdaris, Rob McBride. Yours truly five
point seventy five on a fifteen year fix on a
rate and term refinance. No delivery fees or anything on that.
So if you can consider that, please give us a
cost nine hundred and fifty eight dollars. I believe in
closing costs to do a refinance. If you've got a

(00:49):
twenty percent equity position, khg's at six percent now you
can get a ten thousand dollars down payment assistance deal
with that. I'm got fha USDA all kinds of different
things going on, Tim, Both you and I've got a
few of these KHC loans closed over the last six weeks.
One closed this past Friday from my buddy over the

(01:10):
Drummer for eight day sober, one of my buddies, and
we're just excited about that's not a bad program at all.
And if you're a first time home barn, you want
to get out and see what's going on, give us
a call eight five nine, eight nine nine one nine
three six. So I'd be glad to chat with you
about it. But hey, world, today from nine to one,
we had how many loans did we have for the
twenty thousand down thirty loans? We had thirty loans possible

(01:32):
to give away for the twenty thousand dollars forgivable downpayment
assistance program, and it filled up pretty quickly as usual,
and the pipeline's full. The tarmac is loaded with the
loans ready to take off, as they say, Tim. So
we have other down payment assistance program ten thousand dollars
from KHC. We've got some three thousand dollars different programs
and different things. But sometimes it depends on where you're

(01:53):
buying and the type of loan you do. On the
type of down payment assistance it's available, Tim, And I'm well,
you know, obviously the twenty five thousand dollars down payment
welcome home programs only it comes only comes around once
a year. But what you're talking about Kentucky Housing they
do on an ongoing basis and they have been doing
the same program to provide you with. It's it's a
repayable loan of ten thousand dollars. It's not a forgivable

(02:16):
grant like some of the other programs that we sponsored
during the year. But this is the main one to
welcome home funds. That's a great program and a great
point too for you to point out that it is.
I think it's one hundred bucks a month, but I mean,
I mean, you don't qualify fort you can't use it.
But unfortunately we're out of those funds. But if you're
this all day, honestly, you may want to call another bank.

(02:39):
That only the mortgage banks receive this funding, this special
funding only if they work with the Federal Homeanks track.
They have to be affiliated with the Federal Home Loans.
But that's that's good news to me that we're able
to offer right now at least five point seventy five
on fifteen That tells me that that gives me some
direction on rates where rates may be going. And that's

(02:59):
just it's a good sign that the Federal Home Loan
Bank can offer this right now based on the market
and as we speak, so because we know that fixed
rates are still near seven. They are on thirty year fixed.
So it's a step in the right direction maybe to motivate,
Like I've got a buyer right now and they're negotiating

(03:21):
the contract and she's chosen to go the path of
the fifteen year at five point seventy five, and why not.
I mean that maybe the deal that we're going to
get used to, you know, I think rates are going
to get better. And obviously with the Federal Home Loan Bank,
they did the twenty thousand dollars forgivable down payment assistance.
We had thirty loans we gave away, and then now

(03:42):
they've got the five point seventy five on a fifteen
year fix and you can use that on a purchase,
you can use on a refinance. You have to have
twenty percent equity, you have to have a certain credit
score seven hundred and eighty or something. I mean there's
some specifications for it, but the closing costs are nine
hundred and fifty eight bucks, right, I mean, you know,
I mean if you're going to knock off ten or
twelve years worth of payments or whatever, who knows what

(04:04):
it can be. I mean, if just give us a
call eight five nine eight nine nine one nine pree
six and say, hey, I want to check out this
five point seventy five. It's a fifteen year loan. I
want to see if I can afford it, and we'll
put a plan together. It' see if it works on
it or not. We'll wait for rates to come on down.
If there's something else we can do to help you,
we're going to make it happen. But the last thing's
going to happen is we're not gonna, you know, leave
you hanging and not let you have an option to choose,

(04:25):
and we want that's what we want to provide it.
We're facilitating option. Right. And the main point of a
fifteen year term is when you choose to do a
fifteen year payment, you're, in my opinion, you are choosing
that as an investment. Because that is an investment. You're
applying a lot more toward the principle of the loan

(04:46):
in a fifteen year. So that's I mean, if you
can stand the payment, that's where you've chosen that some
of your investment dollars are going to that piece of
real estate. And what's words the downside? There there is none.
I mean to me, you know, my philosophy is OPM
using other people's money. I take the longest term and
the shortest rate I can get sure. And you know,
I'm a lifelong you know, adjustable rate mortgage guy, and

(05:09):
I had this conversation with somebody the other day. You know,
my mortgage right now is at three and a half
percent on a three one arm and in September, this
rate's gonna change. Well, guess what's going on with the rates.
They're coming down. So the whole three years rates have
gone up on everybody else, Larry's been three and a
half percent. By the time Larry's gonna have an adjustment,
guess what, they're gonna be back down, maybe not to three,

(05:31):
but I ain't gonna get stuck at seven, you know
what I'm saying. I might be at five, but I
mean I'm paying the fair cost of money, and that's
what I like about the adjustable rate mortgages. I think
are one year fixes. Right now, what's six and a half?
You know, So if you wanted to get on a
one year and kind of ride it out and see
what happens next year, if the rates are down, it'll
go from six and a half, maybe to six or
maybe to five point seventy five or whatever. And I've had,

(05:53):
That's all I've ever had is an adjustable rate mortgage.
In my homeownership deal, I'm three years into a new
home based on a mayor situation. It didn't work out,
and I had to, you know, do some replanning and
sell a place and by another one, and you know,
and it happens in life. But I would say the
entire time over my life of owning a home, and
I've owned this is my third one, you know, I

(06:15):
probably don't have ever paid more than I probably averaged
about a four percent interest rate over that life you know, lifetime,
you know, And that's not a bad deal, you know,
if you if you do the math, and there is
some risk involved with it, but tim we know, we
watch it, we keep an eye on it, and it's
just in the closing costs. The closing costs are you know,
you don't have to fool with all the delivery feeds,
all the stuff that where you're donating your money for

(06:36):
being a homeowner to causes that are beyond your control.
I mean they're not DOGE operated yet, but there you know,
there's a lot of delivery fees that go into these loans.
We don't know where all the money's going any longer. Well,
I mean we're on here every weekend selling that strategy
that don't let a house sivoy just the cause of
rate on a mortgage, because once wreats go down, I

(06:59):
think it'll prove that house prices will continue to rise.
So if you can get something that you love right
now at seven percent, you know you can come back
to Guarding Savings Bank and we're going to refinance that
loan for just our out of pocket costs what it
costs typically, you know, to put together the loan. Then
that's an appraisal and more and to update the title

(07:20):
and record a new mortgage. So when you look at
that and if this is especially if this is the
last home you may buy, that's what you go into
every home. How long are you going to live in
that home, and that should determine There's a lot of
factors that go into what term you should use, and
you should always consult with your financial advisor on the
best payment that fits your financial priorities. Larry, Yep, we're

(07:44):
just coach. We're just a coach. We'll tell you to
go talk to someone about what the best operation is
for you. Well, or do you take the opinion that
I'm going to take the lower longer term payment. And
let's say if I were to make a fifteen year pay,
I'm gonna take that extra money and I'm want to
get into a mutual fund or if there's some kind

(08:04):
of four O one K or you know whatever. It's
all balls down to where your investment dollars go, whether
you choose a thirty or fifteen year. But in a
perfect world, you take the thirty year and you you
make whatever twelve percent return on a mutual fund. Bert,
what's wrong with that? Well, your house in central Kentucky's
gonna appreciate by what's you know, the average six seven
eight percent? You got that right, You're paying down your

(08:26):
balance and then if you know, there's different things you
can do with your money. But but you stay diversified.
You made a great comment, and that right there is
the fact that you know, if we're gonna we're gonna
do the best thing by you. And just like we
were talking about on the way to do the radio
show today, you know, I've got somebody that was going
to try to use that twenty thousand down payment assistance program.
Well we're out of them. So where she going to go?
Bank of the Bluegrass? So is she gonna go ask

(08:47):
for Abert Jennifer? You know, look, if they've got some available, hey,
go get the money. I'm okay, I don't I'm not
I'm not starving. I'd love to have the business. But
go over there and deal with somebody that we know.
It's a break great program. But here here we are
first of March. Here the program doesn't even open till
March third. So we've been taking applications in anticipation of

(09:09):
these when we can submit the actual loan to start
the loan process. So now we're you know, we've taken
applications fifteen days ago that we're going to close on
April fifth, and the sellers have graciously gone along with
those company wide on these to get the bar or
that twenty thousand dollars grant. And that's a great thing
that we've had thirty customers that have signed contracts that

(09:30):
the sellers have been sympathetic to the closing date make
sure they got the benefit of the twenty thousand dollars. Yep.
That people think it's a rough world out here. Most
people are willing to work with you in any way
they can. I can promise you and us being some
of them, and if our program will work and we
can make it fit what you need and we have
the access to getting it done, that's what we're going
to do. If we don't, we'll find somebody close and

(09:53):
comparative that we can that we trust first and foremost,
that we can refer you to so that you have
options right and in the past, so we've kind of
set we had a guideline of five percent down payment
on a conventional loan that we service, and we've dropped that.
We lowered the bar there a little, Larry, and we're
going to start doing three percent down conventional loans that

(10:14):
Guardian serve it Savings Bank Wheel service. And that's a
new that's a new program that we're offering now. We
used to be as little as five percent. Now we're
as little as three percent down. If you've managed your
credit well and you've got to you know, you've got
the three percent. Uh, give us a call, see what
you can get qualified for, because you want to be
ready in case rates do fall a little bit. But

(10:38):
this five point seventy five on a fifteen years is
a great sign for us to have hope that rates
will come back down a little bit. I don't think
we'll ever see as the rates as well as they
were twenty one during COVID, and that I saw it
picked up a ratie from twenty nineteen. Our one year
arm was two point seven five, So a big climate

(11:00):
change in the world of mortgage. And even then, Tim,
you know, if I had my three and a half,
I went to two seven five, so be it. And
then it's now it's up to six and a half.
I'm still a three and a half, you know what
I mean. So, I mean it's all I've ever had.
And it's just you're just paying the true cost of money,
and there is some risk involved with it, but the
clothing costs you can't beat. And it's just a it's
an attractive Uh, it's a money management. But you're kind

(11:23):
of counting on the cyclical nature of markets in general. Yeah,
and rates go up and rates come down. Yeah, that's
in a normal the normal history of our economy is
ups and downs of it. And that's what you're getting
at Guardian Savings Bank, Tim, and I've been doing this
a long time, Lori, Alex, everybody there has been doing
these loans. And we're going to guide you the right way.
And if if we don't have the best program, somebody's

(11:45):
got us beat, we'll admit it and go on, you know.
I mean it's we don't We're not going to try
to get you in here. But we do service our loans.
We do stay in touch with our clients. We you know,
we work with you know, work with your hand in
hand all the way through. I get calls all the
time about people changing homeowners insurance. I get I get
calls about sometimes where people want to invest some money
or if they want to ask them about a CD
or whatever. And you know, we know people asking all

(12:07):
the time about a trust or a will, you know.
And I mean there's not a whole lot of people
out here that we don't have a connection with in
some way. Shape or form as part of our family.
It's people that we respect and trust and we've developed
a relationship with them through doing business and we know
what they have on the backside of it as far
as integrity and honesty and you know, and that's what's
made us what we are and that's who we want

(12:27):
to continue to be. So am I didn't call us
one our opinion on a derby winner. You know, you
never know. Well, we'll get a bill if they want
it or not. You know, I'm you know how we
like to We like to take our chances with it.
With that, that's just the life we live. Hey, we're
going to take our first break of the day. You're
listening to Welcome Home Show by Guardian Savings Bank, open
today from nine to one. One of them is eight
five nine eight nine nine one nine three six South

(12:49):
and Drives eight five nine two six three three three
three five. So if you can hear as you can
call us you aren't listened to Welcome Home Show by
Guardian Savings Banks on News Break six point thirty w LAP.
We'll be right back. You're back. Listen to Welcome Home
Show by Guardian Savings Bank, where he praiks him Adams
in here this Saturday morning. We're glad to have you
tuned in to us. Bank is open to day from

(13:09):
nine to one. Phone numbers eight five, nine, eight nine,
nine one nine three six South and drives eight five
nine two six three three three three five. So if
you can hear, she can call us. We appreciate you
tuning in to us. We're just talking about our fifteen
years five point seventy five for a rate and term
or purchase twenty percent equity position, credit score bleep seven eighty.
You're higher closing costs nine hundred and fifty eight bucks.

(13:31):
It shouldn't have got everything but your ascros. If you're
gonna escrow, those are prepaids and that's be different on
your closing costs. But for us to put everything together
that closes, the appraisable title work, the loan closing, the
credit report, everything underwriting. I mean any of the fees
you see on a rate sheet. If you're gonna get
online and get somebody to give you a quote, look
and see what your what your closing costs are and

(13:54):
what you're really borrowing and tim we haven't talked about
that for a minute, but I've you know, there's get
some of these people, and I said, well, no out
of pocket. You've got a two hundred and thirteen thousand
dollars balance, but you're borrowing to twenty five, you know,
so you got twelve thousand dollars in closing costs because
of your actly posession, but no money out of pocket.
Where you know, if you come to Guarden and you
know to thirteen you might be borrowing two fourteen or whatever.

(14:14):
You're escrosmobe so to pay attention to the paperwork, and
people will they will say what they need to say
to get your attention, and I understand that. But just
look at the numbers, and if you have any questions,
let us know. Once again, if somebody's got a better
deal than what we've got, I ain't afraid to admit
it to him. You eat either, you'll preferm right on us, sir.
But you know, we hope that we do have the

(14:34):
best deal about ninety eight. Of course, if you're talking
about a fifteen year loan, nine hundred and fifty eight
dollars in total closing costs including appraisal, get out of here. Yeah,
so say it saves you ten ten years worth of
payments of one thousand dollars a month. Yeah, which is
one hundred and twenty thousand dollars for nine hundred and

(14:55):
fifty eight dollars investment. Now that was that was my
New York compression. Oh yeah, here, Yeah, that is just
such a great deal. And we service the loan's you know,
and you've got that peace of mind. You don't have
to ask scroll with us with taxes and insurance. If
you want to keep that separate, hey, hey, we'll cheer
from the sidelines. You got twenty percent down a fifteen
year fix. We want you and we can get it.
And so if it's a refinance, we can't do cash

(15:16):
out or anything, but we can do a rate and
term refinance. And that's sponsored by the Federal Home Loan Bank.
At this particular point, Tim, we talked about earlier. They
also had the twenty thousand dollars down payment assistance program.
We had thirty slots for that and they're off, they
are filled up, and they're spoken for at this point.
We'll do it again in a year. But we have
other downpayment assistance programs for various loans that we have

(15:37):
and some of it is based on income based on location.
We got one hundred percent financing on USDA loans. Yeah,
you don't need a downpayd don't need a downpayment, but
there's certain specifications that you've got to fall into on
those and that's generally location and income, household income, number
people in the household. So we've gone over those income
limits some of these outlying counties that it doesn't qualify county,

(16:01):
but you go to somewhere like Jasmine County, Bourbon or
Bourbon County. I mean, I think that for one two
persons is up to ninety thousand of your house income,
you get one hundred percent, you get seller kick in
a little bit. You're very little out of pocket and
you're a homeowner and you haven't had to use your
reserves because we've talked about that some this week when

(16:22):
it taught when it comes to getting a mortgage with
these with some of these programs we're talking about, of course,
the investors they want to see that you've got the
ability to at least three months of that mortgage payment
somewhere in a savings or checking or four on one
somewhere where you can make ends meet if you have to.
But that's what I would encourage all first timers to

(16:43):
be prepared for is to have as much in the
tank as you can before you apply, because it is
somewhat we're presenting data that may or may not be
there next week. We can't control that once we close,
but try to be as best prepared with as much
reserve as you can when you go into buying. But

(17:03):
you may not have to use it. Well, it's just
an opportunity. I mean, there's there's so many programs out
there to try to help people become owners. And the
reason that is that you know, you can pay somebody
else's bills for as long as you want to as
a renter, and that's fine. You don't have to worry
about cutting the grass, don't have to worry about unclogging
your toilet, you have to worry about fixing your air conditioner,
you know. But with homeowner ownership, you have to worry

(17:23):
about cutting your grass, keeping your house up, taking care
of those things on your own. So homeownership in for everybody.
But there's programs out here for those that want to
be homeowners. And if you want to be homeowners, there's
down paying assistance programs and different loans out here that
will help you reach that goal. And it's an instigated
savings account. Tim, you got a six and a half
eight percent return on a property in Central Kentucky. You're

(17:46):
paying down the balance, your house is appreciating. It's an
instigated savings account. If it's something you're willing to commit
to and you know, buy a house and be a
part of the you know, the homeownership community. But it's
not a decision to be made lightly. You know. We
we get a lot of our customers are this istan't
They're not first time buyers, and I'm not sure why

(18:06):
we get up A large percentage of our customers have
faught homes before and they've been through the they're comparing
apple sapples, and that's what we want to do. Hopefully
we're the best one out there. Most of the time
we are. Hey, we're going to take another break. You
are listening to Welcome Home Show by Guardian Savings Bank
and we're opening a day from nine to one. Phone
numbers eight five, nine, eight nine, nine one nine three

(18:27):
six South and Drives eight five nine two six three
three three three five. If you can hear's you call
from you when we get back to him. Let's talk
a little bit about the UK game this week against
Tennessee and what's coming up for Alabama. This afternoon, we're
going to take another break. You here listen to Welcome
Home Show by Guardian Savings Bank on News Radio six
thirty home. If you don't contell you why can it's WLAP.
We'll be right back. You're back listening to Welcome Home

(18:48):
Show by Guardian Savings Bank. Good Saturday morning to you,
Tim Adams. Larry Franks in here as usual on your
Saturday morning six thirty two in so we'll give you
a little checkup from the neck up on what's going
on the EC what's going on, tell them what we're
going to talk about. But as you know as well
as I that it's been a rough week in the
city with the storms moving through and the snow coming

(19:11):
on both Tuesday and Wednesday nights. We had snowfall on
both nights, so I think we were looking up looking
towards some fifties this week. Larry say, that's good news.
Hopefully this will be and we had this. Hopefully this
will be the last winter. So I hate We're opening
to day from nine to one. Give us a call
if we can entertain you with some mortgage interests, we can.
We can't do boat loans, note loans, car loans or

(19:32):
anything like that, but real estate's our deal. Eight five
nine eight nine nine one nine three six and we'll
go from there. But yeah, the weather has been kind
of crazy. That Tennessee came to town. And I thought
that the Cats played very well. And they're headed down
to Alabama the sevening and they come on at six pm.
Pregames at three thirty, So stay tuned for that this
afternoon right here, and we'll be able to get you

(19:53):
covered on that. I don't know, Tim, I think they're
gonna have their hands full of this afternoon. Alabama just
got beat by Missouri on the road, and I'll think
that they were looking forward. I just think the SEC
is that tough. But UK don't know what the spread
is gonna be, uh when the game goes off, But
the UK is going to have their hands full. And
I think this is going to be a pivotal moment
in the you know where the seatings come into play

(20:13):
on down the road as far as the n c
A A and the teams that get into that tournament,
that tournament once again, it's gonna be wide open. They
gonna be somebody full around and win this thing or
get in the final four that nobody expects just because
of the parody in the league. But you know, it's
gonna be fun to watch and see what happens. Not
if the Cats win the Seavening obviously, and I'll be

(20:34):
cheering for them all the way with a cold beer
in my hand and signing posters. Where are we gonna
be signing posters at tonight? We're gonna be at the
Bowling Alley and you know, champions. Yeah, so we'll get
down there and sign some posters and drink some beers
once the game. And you know, we always, you know,
want to make sure that everybody's you know, got an
uber designated driver. But we do like to get out
and socialize and visit and promote the bank and our

(20:56):
fans and so on and so forth. That new poster
we got this year is really pretty attractive. I mean,
the photography on it's incredible. And but we'll sign them
and give them out and for every one of them
that we do, you know, we appreciate you. We just
try to have fun with what we do. We don't
get it paid a whole up do this radio show.
As a matter of fact, it's nothing part of our job.
I think at tim we get a free lunch. Maybe

(21:18):
it is, and I love it get out here and
you know that you can tell which way I lean
in a lot of a lot of facets of life,
and I appreciate you putting up with me. But we
have a pretty generous expense account, so we eat well
from time to time. So so when when when I
say I work for food, Larry, I truly do work
for food. Yeah, I think, actually, well, we don't want

(21:39):
dose in here looking it over because they might see,
you know, if they really get down to the heart
of the matter, they might find out where some of
the what food it is we're getting. I mean, sometimes
we're on lobster and sometimes we're on a sub sandwich
from over there at Jersey Mike, that's right. We like
to support all the local YEP businesses nearby. And nothing
beats a good day at Rams. No, see, I was
gonna say Rams. These Raffarty's something I avorite places. Man

(22:01):
a Jebel Dog, Yeah, which is a raffertyes off ship
restaurant out on Hamburg. Malans I love you know, we
freak with that. But you know, when we do the
radio show, that's really all the pay we get. But
we the fun part of it is is once people
will reach out say, man, I heard you on the
radio show. You said this wrong and you did that
or whatever. I enjoyed this or that. You know, I

(22:21):
got people from all over you on Marty Cluff and
Pete Gross and Denny Humphrey and all these people out
here that you know that listen and they're Andy Durban.
I mean there's people from all over And of course
you can hear the show on worldwide on iHeartRadio and
people will report back. They'll send the message text me
or email, I can't believe you said that. Well, you know,
plandemic is just a phrase. It doesn't really mean anything,

(22:44):
but it's really becoming more relevant than it was. So
you know, if you can tell the truth, then you
can get by with it. So but anyway, five point
seventy five on a thirty year fixed or five point
seventy five on a fifteen year fixed on the Federal
Home Loan Bank program. We've been talking about that. We
got down payment assistance programs going on the bond market's
hold and steady. We've got VA FHA, USDA, KHC, what's

(23:09):
the community, what's the new And we've got three percent down?
Is it a it's just a standard for a home
home loan bank convention alone, and so I can't remember
the name right off it, but it's three percent down?
Is it home buyer? But we don't have the fifteen
year rate on a three percent down? No no, no, no no.

(23:30):
But the fifteen year fix that we're talking about requires
twenty percent equity position. Now, yeah, our three percent down
the sheet rate today was probably I think it's six
point twenty five on a fifteen year fixed if you're
doing three percent down. So down payment matters and home possible,

(23:50):
Home possible. But that's what you can get out of
a you know, ten minute conversation with a bona fide
loan officer to determine what your best option may be
and what can show you different often is depending on
your situation, there is no one size fits all at all.
And really, what what Tim's trying to say is, you

(24:12):
know Tim's going AI and he wants everybody know that
he's out and he's always in and you can reach
him at eight five nine eight nine nine nine three six.
That's what that's what AI means to you. And I
always in and I always in contact. So it's a
it's a it's an opportunity to reach out. And you
you pointed out earlier in the show, Tim that as
if there's a home out there you want to buy,

(24:33):
and even if we did a one year arm at
six and a half percent, right now, I feel like
rates are going to come down. Closing costs are not
going to be very much. There's no prepayment penalty. But
if there's a home out there you want, you would
consider this type of loan. It would be a great
opportunity for you to consider it and eliminate a lot
of competition on the buying part. The lord of these
rates go, the more people you're gonna have bit against

(24:54):
you in these houses because you might qualify right now
at work fifteen other people don't. So get it. Strike
while the iron's hot, you don't get it while you can,
and then we'll make the adjustments we have to as
we go along. But I've got some people that are
going to do that, you know, and it just it
makes the most sense for closing costs and the other
things they need to do, and we need to, you know,

(25:14):
make sure that we reinforce the fact that now we
are twenty thousand dollars for givable down payment. It's not
available any longer. But there's other programs out here with
other USDA is one hundred percent financy. Yeah, and that's
not new, We've USDA has been around forever and it's
such a wonderful product for home home A potential home
buyer that get in a home one hundred percent, all

(25:35):
you'd be all your typically have to pay on the one
hundred percent USDA is the closing costs and you can
run about three or four thousand dollars, but that's all.
That's the only skin you have in the game in
that program. So if they have a good enough realtor,
you know, then they can get that get the closing
costs built in or it doesn't cost anything other than
application fee. And it's not taking anything away from the realtors.

(25:56):
Some people just got you got to have what you
got to have. You know, what you owe on the house.
You don't heavy room negotiate, But if you can you
get the clothes across cover, why not, you know, put
that so that to use and keep all the money
on hand that you can. So's it's not a bad
opportunity to get out to something, says Slow. This weekend,
a whole lot go on. I have had some phone
calls and a lot of good stuff happened. But this
snow is crazy. Weather's crazy. He's been cold, it's been snow.

(26:19):
He's rain and snow and and just all kinds of
craziness in this weather pattern. But we're still in here
taking phone calls and making stuff happen. Absolutely, the weather
as and bothered our operation. They've they've done a great
job this storm cleaning roads because I mean I can't
get out of I mean, my neighborhood's still got snow

(26:39):
on it. But I can get out of the neighborhood
once I get out. The main roads are clear, Todd's
roads been clear, Man of War's been clear. The interstate
gets clear, you know, right away in the mornings. Yeah,
this week so no, nothing's stopping it. Well, I saw,
you know, I live in Richmond and coming back and
forth this week, I saw the pothole patrol out there,
people helping people fix flat tires. And that was the
Richmond Local Police we're out helping people change flat tires,

(27:02):
and the Kentucky State Patrol we're helping these old people
change the flat tires from them potholes. Yeah, the pothole
patrol is out, you know. I mean there's some crazy
stuff out on the highway. Now. I try to out
not out drive my vision, so I'm you know, but
you can't have both, Larry. If you're going to clear
the roads, you got to use plows, and unfortunately, plows
skim off some of the top of the asphalt and

(27:22):
that's what forms those potholes. They just deteriorate from there.
It is. And I thought that I'm a pothole expert,
and well, I'm just saying that I've seen something that
you wonder why these guys you see working on the
side of the road of these state workers always picking
on them because they've got four people standing the one
person looking well, four people looking pothole patrol. Now they're
looking into China. That's how deep some of the things

(27:42):
they're like, is that you down there? I mean it's
crazy now, I'm telling you, I mean it's and you
got a low profile, You're in trouble. Just you got
to watch it. But no, it's they've done a great
job with the roads and stuff. And you know, I
don't want to, you know, slide anybody in Eastern Kentucky.
We understand there's a lot of flooding, a lot of
issues around the state of Kentucky. Real Community Housing Foundation

(28:02):
and other some of the affiliations that we have, Tim,
there are people ready to step up and help out.
We appreciate everybody doing that. Be careful and mindful. If
you're going to make a donation to where you're sending
your money, I can tell you all day long, Tim
and I we've donated a lot of money through the
various sources that we have, and some of the games
that are played with the money politically don't make sense.
Make sure you know what you're doing, where you're sending

(28:23):
and what's going on. But if you want to help
out and you can help out, please do so. And
if you want to make a donation to the Realer
Community Housing Foundation, you can call over there and see
how you can do that. We're going to set up
an account over in Eastern Kentucky where people can go
to lows and buy the stuff they need. We're not
just going to send cart blochs to ten thousand trash bags.
But people can go literally go get stuff. And there's

(28:45):
just some of these things, man, the bureaucracy and all
the things you got to do to have access to
it and get it. It ain't what you think it is.
And I can promise you I had friends that got
hurt with the tornado in western Kentucky. I had friends
that lost property in eastern Kentucky with the floods the
last time. And a lot of that money from the
Big Blue Wildcat raising all this money and doing phone
calls and all these donations come in and nobody really

(29:06):
knows where all the money's at. You know, sometimes that happens.
But in the past we've we're right now we're trying
to identify our ground zero and uh eastern Kentucky. And
what I mean by that is we partner with Lows
and we set up just an open account with Lows.
And during the last what they the last catastrophe in

(29:28):
Eastern Kentucky, we had people that come in and and
a lot of the people just said, I just want plywood, right,
I need some plywood and this, and they said, we
don't want to take any more than what we need
know that there's enough left for the next guy. I
thought that was just a wonderful testament to the spirit
of people in general. And we're right, like I said,

(29:48):
we're trying to figure out right now where the money
is best needs to be sent, where the greatest need
is in the eastern Kentucky and Opikele has been hit,
so we're in the process of that. So we'll have
more information on that next week. If you are considered
trying to get some help to Easter and can take
you the flood victims, we're gonna have a way to
do that where we can assure you we know where

(30:08):
the money go. One Taylor, she'll monitor that account and
make sure the money is being spent on what it's
supposed to be any and people getting stuff that they
don't need. And fortunately the last time it worked like
we wanted. You know, people need an air condition, they
got an air condition, They need a fan, if they
needed a paint, they need apply wood, they needed this
or that. It didn't make any difference. You know, they
had an open line and people were generous enough and
humble enough to not take anything more than what they needed.

(30:30):
They didn't run us out of money and a lot
of people got help and we'll do that again. But
just be mindful of where you're gonna make donations and
donations help. I mean, that's you know, that's evident and
the way the world works, it takes a tribe of
people and a village and you know, we'll make sure
that we can help whever we can. So yeah, we
can sit in here and talk on the radio and
do all the things we want to do, but we
want to help people as well. And you know, real

(30:52):
community foundation is just one of those things. You know,
we will make sure the money gets we're supposed to.
We're going to take another break us to the Welcome
Home Show by Guardian Savings Bank. We're open today from
nine to one. Phone numbers eight five nine, eight nine
nine one nine three six South and drives eight five
nine two sixty three three three three five. So if
you can hear, if you can call us, you listen

(31:12):
to Welcome Home Show a BYuT Guardian Savings Bank on
news radio six thirty w LAB. We'll be right back.
You're Backlist to Welcome Home Show by Guardian Savings Bank.
Every Frakes ten matas a here this Saturday morning. We're
glad to have you tuned in to us. Hope you're
staying warm and getting by. You know, the kids's been
home this week if you've got kids in school with
all that going on, and the weather's been a little disarrayed,

(31:32):
But you know what, overall ten we were talking about earlier,
streets ain't too bad. You can still get out and
get around, and just got to be taking time, be
patient and listen, use your blinker, turn your bright lights
off at night time if you're going somewhere, and get
the heck out of the left lane. I I'd spend
enough time getting up down seventy five point here at Richmond.
Get some people driving right at you with their bright
lights on. What What is going on? This traffic update

(31:55):
brought you by Pinkies, loans and snow cones Anyway bank
over day from nine to one. Paul numbers eighty five
nine eight nine nine one nine three six. That's there
in Hamburg Southland drives eighty five nine two six three
three three three five. And don't forget if you're in
the Louisville metro area or I've got the ache over
there now we're right there on Hurstborn Lane. Johannavola, one

(32:18):
of my old buddies is working over there and bike
and bunch of them. They got a good little crew
going on over there. So it's a good location. And
uh so we got it. Yeah, we got a physical
presence in Louisville finally. Once again, Tim, we've talked about
this three or four times, down the show. Five point
seventy five on a fifteen year fixed for purchase or refinance,
twenty percent down, seven eighty credit score, nine hundred fifty

(32:40):
eight hours in closely costs. That doesn't include your s grows,
So keep that in mind. But if you want to
get something done and save yourself some time and money
on a mortgage payoff, now's an opportunity to do it.
You got six and a half percent on a one
year arm. If you want to get out and buy
something that you want to trust what Tim and I
are telling you, I trust and trust me. We're watching
this market regularly. Ten gets up early, I stay up late.

(33:02):
We watch the bond market overseas. We communicate with each other.
We try to figure out what's going on, and be
honest with you, we don't have a clue, but we're
good guessers. Markets they you know, they start kicking about
nine pm and they go all night long, daybreak. Sometimes
I'm checking the markets when I get up to get
a drinking water at night, larre. Sometimes I check them
what the bond market is now. It's kind of a

(33:23):
fault in a way, but it does help us stay
in the know and what that needle's showing us where
mortgage rates are going on a particular twenty four hour period.
We can't tell you why it's happening, we can tell
you what is happening in real time. We take a
lot of pride in our job and making sure that
we're doing the best thing and the right thing for
the people that come to do business with. It's just like,

(33:45):
you know, hey, we're out of the twenty thousand down payment.
Assistants go to Bluegrass and hit Jennifer up over there.
They may have some money and if they run out,
then we'll find somebody else. We don't care. We want
to help anybody anytime, anywhere, And that's just the way
it is, and that's the way Guardian should be and
that's the way we're going to operate. Well, we're just
such a huge bank in regard to the our service area,

(34:07):
and I thought it was a kind of a you know,
we only got thirty spots, so that seemed like not
enough to me. But it is what it is, and
you've got to be ready when that time comes. Well,
and if you're listening today and you want to try
to get it, and I can't believe I'm saying is,
but twenty twenty six will be one funding becomes available
again for this program, and this time next year. So now,

(34:28):
well this is the thing too. And the guy that
we're talking about that sends out all our financial stuff
that we fire questions off every once in a while,
we're point at a few things that we've come across
that he had to discussed, was telling us that, you know,
there's a lot of you got to be associated with
the Federal Home Loan Bank, and there's a lot of
small banks out here in the area and throughout the
United States probably the deal with the Federal Home Loan
Bank and some capacity to have access to these loans,

(34:50):
they just don't do the volume we do, right, and
our thirty loans, we knew we're going to be taking
up pretty quickly, and that's why I'll started looking at
for some other places that you know that we know
and trust people locally here that may have access to
it because it's such a great product and a great program.
Right well, we've got so many loan officers that are
contacting real estate agents, so there's just a game of numbers,
and some of these other small origional banks may not

(35:12):
have the right footprint that we do exactly. And so
it's you know, we just want to do be good
stewards of the bank and friends to you all that
are listening, and we can help you find out where
you can get the best deal, so be it. And
we think we have the best mortgage deal about ninety
eight point nine percent of the time. There's some times
when it doesn't pan out that way, but you know,
give us a call and let us know what's going on. Recently, Tim,

(35:34):
I've got known here of something I want to talk about.
Day's insurance. And I'm not talking about insurance claims, because
I've got issues with that myself, but the cost of insurance,
insurance premium, insurance premiums. You know, the handling of insurance
itself is a joke and it's awful, and it's you know,
that is what it is, but the premiums we have,

(35:54):
you know, I've had I've sent several people over my
buddy Joey Doom, who was with Liberty Mutual. He was
one of the three or four thousand PE people they
got laid off when they were going to the you know,
downsizing deal. But I've sent several people over there to
him still in the business and has you know, several
different places where he can find out insurance and he's
he's saved people a lot of money on quotes that
they're getting right now. And it's right now. Insurance is high.

(36:17):
You know, everything went up about forty percent across the
board nationwide. I don't care if it's the police department,
the library, homeowners, farm owners, everybody's insurance went up. But
you know, he does a good job looking for so
make sure and Tim used to point it out all
the time, do check that from the neck up. People
don't realize what these things are changing on well, replacement coverage.

(36:38):
I think that that's where the biggest some of the
biggest problems are is the cost to replace your home.
And so when some of these these insurance policies aren't
built enough, built in enough to cover your full replacement
call him. I don't know if that's what's driving up premiums,
but something sure is. Yeah, well they knew the timing

(36:58):
of it. You know what I've said, what I was told,
and it's okay. But I mean, which is, we've got
resources to help anyway. It's just one of those things.
Get your home owns insurance, check it out. We've got
some resources for that. Tim We talked about people filling
out wheels and you know, trust and different things like that.
You know, there's just things that you get older and
you don't think about as you're accumulating wealth and replacement
costs on homes, which is what you were talking and

(37:18):
that's has a lot to do with the cost of insurance.
And so just be aware of all that. We hope
you've enjoyed the show. We've talked about a whole flew
of things here This afternoon, you got pregame three thirty
this afternoon. Alabama UK's down in Tuscalus are playing in
the night at six, so get onboard and watch them.
I think it's gonna be a tough night, that's right. Anyway,
we appreciate you turning into this. We'll be back next Saturday.

(37:40):
You've been listen to Welcome Home Show by Guardian Savis
Bank on News Radio six thirty. You know the station,
w LAP. We'll be back next week.