Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Good morning, Lexington. Your list of the Welcome Home show
by Guardian Savor his Bank. I'm Larry Freks, Tim Adams
in here with you this Saturday morning. We're glad to
have you tuned into US. Bank is opening a day
from nine to one. Phone numbers eight five, nine, eight, nine, nine, one,
nine three six Southam drives eight five nine two sixty
three three three three five, So if you can hear,
if you can call us, we'd be glad to talk
(00:27):
with you about any of the financial needs that you
are requiring for real estate. And we don't do boat loans,
not loans or car loans, anything like that, personal loans,
but anything real estate wise, we can take a look
at it. And I think we have some of the
most competitive and most viable programs in the central Kentucky
(00:47):
area and probably nationwide, be honest with you, but anywhere
closing costs are acclaimed the fame like nine hundred and
fifty eight bucks.
Speaker 2 (00:55):
To Cloak alone. Now with the economy being wanted.
Speaker 1 (00:57):
It in some of the changes that have gone on,
and that's always you know, we went two hundred fifty
bucks stept for a refinance for our first how many
years you're.
Speaker 2 (01:05):
On the job, tim.
Speaker 1 (01:08):
Yes, sir, just the time we live in right now.
We have experienced some pressure or inflation on our closing costs,
so we went how many years doing fifteen years, sixteen years,
But still we only charge you for our administrative services,
(01:29):
and that's getting an appraise little we consider that, you know.
Part We order that from a third party vendor and
we are you know, and then that appraiser contacts to
our borrowers and then we have title and title is
very important as far as how we record the mortgage
when you're after closing, and we hire someone to do
that third party. We don't have closing agents within the
(01:50):
walls of Guardian. So you're just helping us offset our
costs because we're going to service alone. You're going to
pass every month. That's our claim to fame. But those
services typically and you're getting wholesale costs on those services, truly,
and that runs about nine hundred.
Speaker 2 (02:06):
And fifty bucks like that, nine fifty eight something like that.
Speaker 1 (02:09):
But we went along time with doubt it and then
the government imposed these fees that started back when they
bought out where they helped bail out Fanny and Freddy
in two thousand and six two thousand and seven from
all that debacle, and they had delivery fees that were
in place at that time. Now they've come out and
revamped all of them. And Tim, we watched them paid
back every penny to Franny and Freddy paid them back
(02:29):
every penny that was used to bail them out during
the financial crisis at that time. And then the delivery
fees never went away. And you and I studied and
studied and study, we couldn't figure out why didn't these
delivery fees go away. We just knew they were going
to go away because we knew what they were imposed for.
But then they were written in the Obama health Care
they'll pay for the Obama health Care program. Now it's
all used for something else. And it's just now they've
(02:50):
got fees on here that have changed and they've adjusted
them to a higher amount, and those are just I
don't care if you do, Fanny or Freddy, you're gonna
have what's called delivery fees. Well, all lender, all lending
is basically taxpayer funded. It's all one of the auspices
of the government. FHA V A, USDA, and Freddie and
(03:10):
Fanny are in a private or they were a private
Now they're held in a public conservatorship by the federal government.
So lending returns profitability to our federal government, there's no
doubt about that. But like you're saying, a lot of
that profit is diverted directly to healthcare. And then now
(03:33):
the new delivery fees are to help build programs for.
Speaker 2 (03:37):
To help people get at homes that might not necesary
necessarily have down payment or qualify forms.
Speaker 1 (03:42):
So they put those money in a kitty and try
to make homes more affordable and loans more available.
Speaker 2 (03:47):
Yeah, if we knew that, we'd be Merlin the Magician.
Speaker 1 (03:49):
Yeah, yeah, we've known exactly what's going on. But those
are some of the changes that go on. But right
now we're at six and a half on a thirty
year fix, six and three eights on a twenty and
five eight, seven, five, one to fifteen. And I do
think the rates at some point could go lower. We
thought with the Feds lower and the prime rate by
half a point that it would trickle down to the
bond market, and then it could eventually, But they're just
(04:10):
so much disarray still in this economy, with numbers and
so on, and so forth. Just like this week they
had the manufacturing numbers out of New York. Well in
September they were up eleven percent manufacturing orders, well and
this month or down eleven percent.
Speaker 2 (04:26):
So they don't know what you know.
Speaker 1 (04:27):
I mean, you just go one extreme together all these
numbers you know that you and I used to watch
and study and for our career here to be able
to try to help guide our clients. Hey, hold on
a little bit, we think rates are going to go down,
or hey we better luck because we think rates are
going to go up, and us being pretty efficient and
had had our pulse on the heartbeat of all that
that's out the window. There's so much bogus information out here,
(04:48):
and so much numbers and all this craft that they
try to use for these numbers. Now after the pandemic,
you don't know what's going on. The b LS, you know,
the Bureau Labor Statistics, you know saying we had eight
hundred thousand more jobs than we do.
Speaker 2 (04:59):
I mean, there's just information like.
Speaker 1 (05:01):
That that we know is not right is out there,
and I'm not saying it to hope, but on one
way or the other, or was waiting without a shoe
to drop on the you know this employment report that
came out, When will we see the revised Well, they
don't do it anymore like that, you know what I'm saying.
I mean, the Bureau of Labor Statistics finally came out
said they were over overworked and understaffed and that's why
(05:22):
the numbers were so wrong. And that came out what
in August, somewhere in August where they said that they
had overestimated the jobs, you know, boy eight hundred thousand,
and you.
Speaker 2 (05:30):
And I you talk about it.
Speaker 1 (05:31):
They like, like in December they come out with the
jobs report, and I say, there's two hundred and thirty
seven thousand new jobs.
Speaker 2 (05:36):
And then they'd say, and we feel like eighty.
Speaker 1 (05:38):
Two thousand numbers seasonal employment because you had people getting jobs,
you know, working at the mall or at Kris for Christmas.
You're already saying that hiring going on. So that's not
a true number if.
Speaker 2 (05:49):
You asked me. But they would they would let us
know that.
Speaker 1 (05:51):
They say there's two hundred thirty seven jobs, but eighty
two thousand number seasonal. But Wall Street qu'es over that.
That's the funny part. They do off these jobs reports
that caused the bond markets to go, oh, hey, it's
a knee jerks.
Speaker 2 (06:06):
No, I mean they said that they were off by
eight hundred thousand jobs.
Speaker 1 (06:09):
That's what kids makes me, you know, frustrated with it,
but you know anyway that it.
Speaker 2 (06:14):
Is what it is.
Speaker 1 (06:15):
If you're above seven percent on an interest rate, you
bought a house in the last eighteen months or so at
six and a half percent and nine hundred and fifty
eight dollars in closing costs, you should give us a
call and see if we can help you get your
refinance and save you some money on your interest rate.
And the other thing is that if you have a
mortgage insurance, by a chance, we might see if we
can get you out of that as well, based on
what current values are. So you know, it could be
(06:36):
a win win situation for you. And there's a lot
of people out here that got rates over seven percent.
And now you've got the old school way of thinking
and you've got that one percent rate drop if you're
going to do a refinance, which has been out the
window for many, many years Guardian, just because our closing
costs are so cheap. There are some people that you
do need to make sure, you're getting a one percent
rate drop if you're gonna do business with them, because
they gonna get you for fifteen sixteen, eighteen thousand dollars
(06:58):
in closing costs. So there's an opportunity for you to,
you know, give us a call, save yourself some money.
Be local, by local, and stay local. Lick Guardian do
your loan. But if you're above seven percent, give us
a call and let us take a look at it.
Doesn't make sense. They're not going to let us do
it anyway. But uh, you know some of the delivery
fees and stuff we have here now, tim, what is
(07:18):
that they've got to purchase loan? The values on learn
greater than fifteen years. Credit score above seven eighty you
gotta have twenty five percent down to not have a
delivery fee. You know, seven eighty is seven seventy nine.
You gotta have thirty percent down to not have a
delivery fee. But if you're just paying twenty percent down
the delivery fee zo point sixty two five of your
loan amount, and that you're talking between seven to eighty
(07:40):
and seven to seventy nine credit score team, that's that's
a strong credit score as far as we knew back
in the day, six twenty used to be solid. Yeah,
then it went to seven six eighty, and then seven
twenty seven forty. Now here you go. So, but what
I have found out this week Larry, and it was
a kind of a awakening him because we don't deal
with credit issues off but my client score had dropped
(08:03):
forty points in twelve months and didn't know why. And
I didn't really see anything other than he had been
in the pursuit of buying a car, and he had
gone to one dealer that had.
Speaker 2 (08:15):
Put out multiple, you know, requests for a long term.
Speaker 1 (08:21):
And this went on for a couple of months and
with the equivalent of about ten different inquiries to buy
this car, and it's taken points away from his score.
All of a sudden, he just closing on the car.
He's only been paying on.
Speaker 2 (08:36):
It a month.
Speaker 1 (08:38):
And so we tell first time buyers don't go out
and buy a car before you buy your home. So
obviously car purchases and the inquiry of credit to purchase
said car could have a short term negative effect.
Speaker 2 (08:55):
On your credit. Now that I've had this experience.
Speaker 1 (08:58):
Well, you know, Laurie and I taught me any class
on this credit reporting system and so on and so forth,
and there's been some changes that are taking place that are,
you know, major benefit to us. One of them is
medical collections can't be reported on your credit bure or
any longer, which I always thought was a scam and
a sham anyway, because I don't know how to read
what my insurance is paying and what they're not if
you don't have something to settle with them. In about
thirty days, they turned over to collection agency. And it's
(09:20):
been that way my entire life, and I'm, you know,
sixty years old. So they finally got that off the
credit buro. Because somebody turning you in and billing you
for a stitches that you didn't get, but it's on
your credit report at affecting your ability to borrow. That's
over with, so I'm glad that that's been taken care of.
The Other thing is is that you know, if you're shopping,
you have a two week window for the common products
(09:43):
as far as homes and cars, and if you get
your shopping done within a two week window, you can
have you know, several inquiries and it's not supposed to
affect your score. And that way the biggest items generally
that you are going to purchase is first and foremost
going to be your house. They want you to be
able to shop over a period of time and see
that you're getting best deal and make sure that you
have the opportunity to compare all quotes, all rates, all
(10:06):
closing costs, all that stuff before you make a decision
on who you're gonna you know, hunker down on a
thirty year mortgage with. And I think it's the same
thing with cars. Cars are about the second biggest purchase that.
Speaker 2 (10:16):
People are gonna make.
Speaker 1 (10:17):
You make it into recreational vehicle for something along those lines.
But it's just one of those things that you know,
if this guy has gone out over a couple month
timeframe and every time he stops somewhere, another thing that
could happen is I can see this happening. You got
a guy that's a good shopper. Obviously before he wouldn't
be here at Guardian. So he's got he's out shopping
and he sees the cars he likes, and he goes
the F and I guy and they just can't come
(10:37):
to an agreement.
Speaker 2 (10:39):
Well he's they walk off.
Speaker 1 (10:40):
All of a sudden, something somebody else comes along says, well,
if you got this type of client, mister f and
I guy, we could do this. So he calls him back, Hey,
we could do this. Is this better suit you need?
Speaker 2 (10:49):
You know?
Speaker 1 (10:49):
So you got somebody trying to keep him into the
loop on that hole, on that car, and they keep
running down the road trying to see about the best
finance and they can get him. And that could have
happened as well. But you do need to be aware
of those types things because if you're not, and you're
out here shopping and sobody's pulling your credit and you don't,
you know, and it's it goes on for this like
this guy for you know, eight weeks and he's got
(11:11):
ten inquiries and his score dropped forty points. Then the
closing costs go up because of it, because these delivery
piece and the guy ain't just painted got a perfect history,
you know, I mean has proven time and time again,
and it doesn't. I mean, it's just like K you
you pay KU for seven years in a row on
time if your electric bill had it happened to client
the other day. They were telling me about it, and
(11:32):
I thought, and I was, you know, listen to it
and it is the truth. Seven years in a row.
And then uh got you know, got confused and got
pasted due on a bill and they cut.
Speaker 2 (11:43):
His power house. And then uh, when he went to
get a.
Speaker 1 (11:46):
Put back on, he had to pay one hundred and
sixty dollars one hundred and sixty dollars depause it yep,
because seven years of payment has agreed. And what it
was is he he won of these guys that pays
in advance, got a hundred dollars bill, he pays one
fifty or pays two hundred. And he doesn't have a
bill for money too because of traveling. And he was
always on the job, always moving around California wherever it
ghost and so you know, he just got got out
(12:07):
of whack on his his advanced payments and and and
then all of a sudden, band they cut his power off.
And he said, I called down here and talked to him, said,
can you not see where I always pay extra? And
you know I paid in advance for years and I've
always paid myselff And yes we can. But our pulse
is if you get your if you get your bill
cut off, he said. He showed me, he said, the
bill said, I'm doing August twenty fifth for this amount,
but you cut me off on August the third. He's like,
(12:29):
wait a minute, you know, but that's ku for you. You know,
that's that's that's that's somebody got your hands out, you know,
like they need the money anyway.
Speaker 2 (12:36):
Yeah, we're gonna take our first break of the day.
We're gonna be right back.
Speaker 1 (12:39):
You listen Welcome Home Show by Guardian Savings Bank open
today from nine to one. One numbers eight five, nine,
eight ninety nine one nine three six Here in Hamburg,
Southland Drives eight five nine.
Speaker 2 (12:48):
Two sixty three three three three five. You can hear,
you can call us.
Speaker 1 (12:51):
You're listening Welcome Home Show by Guardian Savings Bank on
News Radio six.
Speaker 2 (12:55):
Point thirty w LAP. We'll be right back.
Speaker 1 (13:00):
You're back listening to Welcome Home Show about Guardians Davy's Bank,
Tim Adams, Larry Frakes in here this Saturday morning. Hope
you're out with your jacket on. Being chilly this week,
Nothing wrong with that. Banks open a day from nine
to one. Phone numbers eight five nine, eight nine nine
one nine three six Here in Hamburg, Southland drivers, what's
the phone number over south and ten, eight, five, nine,
two six three three three three five.
Speaker 2 (13:23):
Yep.
Speaker 1 (13:23):
Got Jamie Mortimer, Aaron O'Brien, Alex Malani, Jim McKenzie over there.
So if you want to give them a call and
you've done business with them before, please do so. Over
here to Hamburg, Alex Tingle, Tim Adams, myself, Larry Frakes,
Lorie Hawkins, Kyle Madaris, Rob McBride.
Speaker 2 (13:39):
You can call in here.
Speaker 1 (13:40):
They'll transfer you to our cell phone if you'd like,
if we're not in here at the time, And and
kind of the way we roll, we appreciate all those opportunities.
Speaker 2 (13:48):
You know, we'd been pretty fortunate to you know, get
some loans going, and uh, you know you're at the
same way.
Speaker 1 (13:55):
You've got construction loans going and refinances and construction, the
perm and all kinds of stuff. If I'm if I'm
remembering right, that's what you have in your pipeline. Yeah,
purchase right now. I got one there, you know, a
unique kind of deal. Or they're completing construction so it's
actually a refinance, but they're buying a new they built
a new home bill. So if you've got one under construction,
(14:18):
it's a pretty seamless process to take that loan to
permanent financing. So now might be a time where some
of these homes are getting completed that they've been working
on all summer and trying to get everything completed before
the cold weather sets in. So if you have a
new construction project going on, let's talk about doing a
(14:41):
refinance to get your permanent financing, and so we can
pay off a builder loan and then you can move
forward with a starting the journey of being mortgage free.
At Guardian Savings Bank, we're going to try to can
use a thirty year fixed rate payment, but heck we
can do lump some principal reduction to recast the note
(15:02):
along the way. There's other little tricks in our toolbox
that we can use. And you're trying to shorten your
loan life, A thirty year loan doesn't have to be
a thirty year sentence, Larry. You can pay it off
in disguise a limit right twenty fifteen. Because the way
I want to be is mortgage free, and I get
ready to retire and I don't want to have a
(15:25):
mortgage payment. The property taxes will keep coming and the
insurance will keep coming, but if you can.
Speaker 2 (15:32):
Reduce your footprint on having.
Speaker 1 (15:34):
A mortgage at all, especially into retirement, that's a good thing.
And why not even look at a thirty year Even
if you're going into a long, long term, look at
the thirty year payment. But as a retire you may
need a thirty year payment. Don't let the payment paint
yourself in a corner so you have some income left.
(15:54):
I agree with that one hundred percent. I know the
power principal reduction is the way you want to go
and get these things liquidated. But you know, and even
you know we talked about the first half the show.
If you closed anything, if you're above seven percent, you
need to give us a call worth six and a
half And you know Holsing costs of nine hundred and
fifty eight dollars. It ain't gonna take you long to
break even on your loan. And that's really what it
boils down to. But even if you go to six
(16:15):
and a half percent and you're comfortable with the way
your payment is right now, say that I can take
you from say you've been in there a year and
you got twenty nine years left, and you're okay with
that payment, and I take you to six and a
half percent, and I can put you on twenty six
years and two months. Wouldn't that be a wouldn't that
behoove you to try to consider reefinances and ten if
I could save you about three and a half years
worth of payments, you know what I'm saying. In the
(16:36):
shorter of that amateurization schedule, the more bang you're getting
for your buck. So and that's the thing with Guardian
Savings Bank. We service these loans. I can put you
on any term above ten years. I can put you
on eleven years or two months, fifteen years and eight months,
twenty years and three months, twenty five years and six months, whatever.
We service these loans And to me, that's a benefit
(16:59):
to you. And the other thing at Guardian Savings Bank
here is you got to you know, if you want
to do a recast, it cost you a hundred bucks.
Say you inherit some money. You come in to Larry,
I want I want to pay some money down. I
want to do a recast. I inherited somebody. I'm gonna
bring twenty five thousand. I just want to apply it
to the principal on my alone and say okay, can
bring it on in here, Tim, you bring the fifty
grand in, we do a recast for one hundred dollars
(17:20):
and you get a principal balance reduction, and your payment
goes from thirteen hundred and fifty seven dollars to eight
twenty seven any cost anything but one hundred bucks principal
balance reduction.
Speaker 2 (17:29):
There you go. Who else is doing recasts like that
that you know of? Anybody? I don't.
Speaker 1 (17:33):
I don't know if anybody in the business that'll let
you recast a loan like that. If that's what you
get for being local, buying local and stay in local.
Speaker 2 (17:41):
When you're dealing with your mortgage companies.
Speaker 1 (17:43):
You can get online and get up with somebody and
one of these rockets or whatever you want to do,
and see who winds up with your loan and who
you wind up getting to, you know, spend your money with.
Or you can deal with somebody local who's been one
of the number one lenders in central Kentucky for the
last fifteen years. Pay reasonable clothes and costs, deal with
people you know, deal with you know everybody. We uses local.
(18:03):
The appraisers are local title companies local.
Speaker 2 (18:06):
We all live here.
Speaker 1 (18:07):
We go to the UK Games, we go out and
support the kids at these football games and spend our
money locally and charitable contributions and so on. Deal with us,
give us a call eight five nine, eight ninety nine
one nine three six. But Uh, anyhow, we're gonna take
another break. Bank is open today from nine to one.
On them is eight five nine, eight ninety nine one
nine three six. Southland Drive eight five nine two six
(18:30):
three three three three five. So if you can hear as,
you can call if you know, you've got the pregame
UK Florida starting a five o'clock here this afternoon later
on AM six thirty, so stay tuned for that. We'll
be right back. We'd listen to Welcome Home Show by
Guardian Savings Bank on News Radio six thirty. Up you
l eight, We're gonna be right back.
Speaker 2 (18:46):
Man.
Speaker 1 (18:47):
You're back listening to Welcome Home Show about Guardian Savings Bank.
I'm Larry Frank's got my buddy Tim Adams in here,
some of you might know him from the area. Is
Pinky and uh in here talking to you on the
radio show. We've been after it for a minute and uh.
Banks open today from nine to one. Phone numbers eighty five, nine,
eight nine, nine one nine three six. Southland drives eighty
five nine two sixty three three three three five.
Speaker 2 (19:09):
So if you can hear, she can call.
Speaker 1 (19:10):
It's just talking about closing costs and interest rates worth
six and a half percent on a thirty year fixed
And we know there's plenty of people out here that
are seven percent or hiring. If you're one of them,
give us a call, take about ten minutes of your time.
If we can save you some money, let us do it.
If you know we can't, they're not gonna let us
do it anyway, but we can. You know, consider a
rate break and turn break or whatever makes sense for you.
Speaker 2 (19:32):
But just give us a call.
Speaker 1 (19:33):
If you're getting your taxes and your insurance in right now,
turn them in and getting it paid. Nothing wrong with that.
I've had several people bring them in here to the
office to me. I scan them in, send it to
taxes at Guardian Savings Bank dot com and guess what
Tim will pay them things for them. But that's by
being local, staying local, and buying local. When you come
in here, where I got my tax bill? Okay, send
it to me, they send it to me, I send
(19:55):
it on. You know, that's just just the way we roll.
When tim you get questions and I get questions about stuff,
you know, on our personal stuff or.
Speaker 2 (20:03):
Just you know, and it's a compliment.
Speaker 1 (20:05):
People call and ask us for a little guidance here,
a little guidance there what we think is going to happen,
and you know, you know, and and we try to
you know, we live here, you know, this is this
is our community.
Speaker 2 (20:15):
So whereur kids went to school, we're still going to school.
Speaker 1 (20:17):
And you know, it's it's it's our it's our our
job obviously, but we enjoy it and the people we
get to meet and the things we get to do
are just a bonus. Just like going to Keenland this
week and hanging out with our boss and some of
our co workers.
Speaker 2 (20:31):
It's a good time.
Speaker 1 (20:32):
Don't know if anybody want any money or not, but
it's always a good time to go out there. Hey,
it's a traditional yeap, a tradition. So the most wonderful
time of the year. No, not tax season keelan, Yeah,
but you know, back to the taxes. I mean, this
is what's going to happen next So and it may
happen to me as well. I think it is, but
it's not for very much. My taxes that what I've
(20:53):
paid in for the last year in S grows and
what I'm having to do now is going to be different.
So my tax bill is going to change, you know,
because my property increased in value. So I'm gonna have
to adjust a payment to a guardian. And a lot
of people are gonna go through that this year. With
the evaluation of properties and the accumulation of equity and value,
(21:15):
the taxes are going to change. And whatever you're paying
and I don't know it yet, your bank don't know
it yet, but when it will pay it. But then
you got to make up the difference. You guys pay
your in yourself being pink or do you have it
s growed.
Speaker 2 (21:26):
I don't scrow. I like to track phone expenses.
Speaker 1 (21:30):
I mean, I see that it's a budgetary method for
a lot of folks, but we're indifferent to escrow set up.
You don't have to if you've got twenty percent equity
in your home. And most people that are pretty sophisticated
with their money don't need escrows and I don't need it.
I know that bill's coming in November, and I've become
(21:51):
more disciplined in my financial life, and I just don't feel.
Speaker 2 (21:55):
I need the that.
Speaker 1 (21:59):
You know that I'll just keep my money because as
you know, there is some of your money always invested
in your escraal account and three months of taxes, you know,
it's fifteen maybe fifteen hundred or two thousand dollars probably
average balance and my ASCRO. I can have that money
making four and a quarter over here on a savings account.
Speaker 2 (22:20):
So that's just me.
Speaker 1 (22:22):
Yeah, so, and I agree with you, And it is
just a budgetary thing for a lot of people. What's
the easiest thing to do. Set it back yourself and
pay it or you know, put it into account, let
it be paid for you. That's for those that can't
trust themselves to go to Keenland and blow the tax money. Well,
the thing about it is it paraty paid taxes on
the money they're taken.
Speaker 2 (22:40):
Out there, and if I win anything worth having, they're
going to tax me. Again. Is there anything we can
do without being taxed on it? Yeah?
Speaker 1 (22:46):
Anything may not be a good investment learner to take
your tax money out to Keenland this fault. Yeah, well
I wouldn't do that, but I'm just saying it's as
far as taxes. I mean, I've already paid taxes on
what I'm taking out there, and if I win anything,
I'm gonna pay taxes again.
Speaker 2 (22:57):
I mean, when is there anything out here we can do?
We don't pay tax you know how? I know that, Larry,
I've done it. And how did an affair for you?
I lost my tax money. You didn't coll and I
had to go get a payday long. Oh no, I
just kid.
Speaker 1 (23:11):
But uh, but that's kind of the you know, analogy
and some you know, some households just like that budgetary restraint,
and we get that. We want you to have that. Yeah,
we that's not like we frown on you waving escrow.
We want you to have escrow. Trust me, because we
want that two thousand dollars average balance on across the board.
(23:33):
I'm not sure how we invest that, but you know
you don't have it. So but that's a luxury of
you being able to make your taxes and your insurance,
what your monthly mortgage payment, right, And it's just one
of those things. It's like you say, it's a fifty
I read the odds and fifty percent of people do
fifty percent of the people.
Speaker 2 (23:51):
You know, and the thing about it.
Speaker 1 (23:52):
Here, if you got twenty percent equity position at guard
and you're not required to escrow, and if you do escrow,
you don't get any break. If you don't escrow, you're
getting penalized because there's a lot of lenders out here
and say, well, if you let us ask go for you,
we'll give you a discount on your rate. We don't
do that here. We're gonna give you the best rate
we can give you already anyway. I mean, I don't
have four or five rates to pick through here. And
then you call back and say, well, so and so
said I could get six and a half. Oh well
(24:13):
I could do six and a half. I was quoting
you six in the three quarters. I think the uh yeah,
So you know, we're gonna give you a good quote.
It's going to be solid and you can count on it.
And then we're going to service the loan on any
conventional financy. But we got FHA, B A, us D A,
Kentucky Housing. We've got all those loans and we'll help
you with any of those. You know, fahas they're in
(24:35):
a half percent down. You get buyer and pay your
closing costs and prepaids KHG. He's got some one hundred
percent financing programs. And there's some areas where you've got
some great tax incentives and you know, deals and we
have you know, there's PARTICULARI is in Leactington right now
where we've got good closing costs and community reinvestment stuff
going on. So you know, if you're in a what
(24:55):
it's it called a load of moderate income neighborhood and
I don't know if everybody knows where they're at or whatever.
You know, we've got some good programs for those types
of things if you want to buy, refinance, borrow some
money for home improvements, or any of that.
Speaker 2 (25:06):
Type of stuff.
Speaker 1 (25:07):
And Larry, I'm just looking at a rate sheet from
earlier in the week, and the FAHA rate was par
rate was five point seventy five BA, the same USDA
six point one two five. So rates are a little
more attractive even on the on the true government type program.
So if you're a first time buyer or you just
want to you know, you're mainly that's what these programs
(25:29):
are intended to be, is that FAHA would love for
you to use their program to get in your home
and then then transfer over to conventional loan someday and
give that money back to the system so someone else.
Speaker 2 (25:41):
Can use it to buy their first home.
Speaker 1 (25:43):
Absolutely, that's the way I think of FHA and USDA.
But USDA is one hundred percent, well a sixty six
to your better score, you're talking a par rate today
if the earlier this week of six point one two five,
and FAHA the same five point seventy five. So they're
making affordability available for first time buyers. And we've heard
(26:05):
a lot of news about the American dream of home ownership,
you know, that's that's what these programs are intended to do.
Get off the rent roll and get you on the
tax right. All that's right, So be beware that rates
are a little better on these programs than they are
on conventional lending right now, so it might be the
time to inquire about purchasing your first home using these programs.
(26:27):
We've even got Kentucky Housing which will kick in a
small second to cover all your costs. It's truly one
hundred percent now and it's just give us a call
eight five nine eight nine nine nine three six and
we'll take a look at it and see if you're
interested in getting out and buying, and right now is
a great time to do it. The lower rates are,
the more competition. You're going to have whatever you qualify
for at five point seventy five or then rates. Tim's
(26:49):
telling you going to get it done. You don't marry
your home not your loan. Marry your home not your loan.
You can refinance at any time. Get a good write
it out when things get better, do it over. You know,
I had a couple of text messages before we started
this radio show, people popping in, Hey, I want to
try to get a home EQUI line of credit or
(27:10):
I'm doing this or doing that.
Speaker 2 (27:11):
Have at it.
Speaker 1 (27:12):
You know I'm going to help you sooner go off this,
you know, doing this radio show. But I'll reach back
out to these people. But you know, we're twenty four
to seven getting falls and requests and different information on
different loan programs. But we're you know, we're here to help,
We're here to please. So you know we're we're able
to make it. Credit bureau, we're telling you about that.
You know, just be careful on your inquiries and things
you purchase messages with your debt to income. What's the
(27:37):
other thing talk about escros, tim what else is good
about this time of the year. Look at your homeowners insurance.
Everybody got pop forty percent across the board. I don't
care who you are, where you're at, or what part
of the country. And the insurance companies know what the
election coming on, they weren't and eat a bunch of
damages and craziness.
Speaker 2 (27:51):
So everybody got a little increased there.
Speaker 1 (27:53):
But get just keep your homeowner insurance agent honest and
get another quote because there are some variances and coverage.
But the bottom line is to make sure you look
at your policy and you have an adequate replacement coverage
and person and to cover yourself. You know, I had
a friend of mine that had accident one time and
had the same insurance policy for fifteen or twenty years
(28:14):
and accumulate a bunch of wealth and then had an accident,
you know, on on a policy it had in place
for many years. And when that thing ran out of
money on something that was his fault with that injury claim,
then he had to start figuring out another way.
Speaker 2 (28:27):
To pay for these medical bills.
Speaker 1 (28:28):
So make sure your coverage is accurate based on your
worth and the value of the items that you have,
and it was just one of those things where he
had a good job, his wife had a good job,
and they'd paid off some stuff and then got them
a little house boat and a little airplane that they
you know, foresee, you just all kinds of different things.
And uh, but the you know, just never had really
made any changes with their insurance. And I think, you know,
(28:49):
after that, I think when I had my house boat,
you know, I got me a little umbrella policy to
cover me in case somebody came down here and got
hurt or had an accident or something to him. And
that's just you know, trying to cover yourself and you know,
more areas than one, and you've got to do those things.
Speaker 2 (29:05):
Have to stay on top of it and keep looking
forward with it.
Speaker 1 (29:08):
But we mentioned a little bit ago the UK Florida
Tonight pregame starts at five o'clock, but the Cats invade
the swamp. Then wasn't too happy with the game this
past weekend, you know, with the homecoming game a week
after bye and and they just didn't play very well
at all.
Speaker 2 (29:24):
And him, I.
Speaker 1 (29:25):
Don't know how you feel about this, but you know
that nil money with these kids are getting paid. I
would think that, you know, if they're going to fool
around to get penalties and knock you out of a
touchdown zone or the red zone, you know, based on
personal fouls over you know, self control, do you think
they should be fine for that or held accountable even
though they're kids.
Speaker 2 (29:44):
I mean, you pull them out and set them on
the bench.
Speaker 1 (29:45):
You just let them continue to drawl and fight and
poke and prod and get penalties that cost the team
scoring opportunities.
Speaker 2 (29:51):
How you never for getting paid? How do you handrun?
Speaker 1 (29:53):
I think there should be some ling inch, but there
should be warnings, and I mean it shouldn't be a bitual.
There has to be bells and whistles, action balances in
place to you know, and and so many infractions should
result in, you know, penalizing them. That's the way I
look at it. But if it's one, if it boils
over here and there, but we see it in the NFL,
(30:14):
we see the same.
Speaker 2 (30:15):
Those guys in the NFL get fine. You can wind know,
I know, but that's but their habitual.
Speaker 1 (30:19):
You can't get somebody else, you know, emotionally charged like
they are when they take the field and not expect
you know, maybe something uncharacteristic to happen to a player.
I got you, that's just it makes it's who you are,
it's in your DNA, and and uh, I know, dang
key got a cheap you know you saw it. He
puts you, you know, cheap act to call after the
(30:39):
first of the game, push in a helmet into the helmet,
and after they'd had about three after they'd had about
three warnings, and then all of a sudden, right in
front of their own coach, and it just you know,
that stuff just I'm just like when I don't get
the accountability, but you're right, I mean, the emotions and
everybody getting cranked up.
Speaker 2 (30:54):
But just you know, there's I don't know what the.
Speaker 1 (30:57):
Nil now people getting paid and it affects somebody else's
bonus or whatever their goals were. Friend, il you know, hey,
we got to win this many games. Now all of
a sudden they can't win the game because of your
your deal. I mean, how's that affect you? You know,
I mean whatever, But anyway, they're on this evening, I'm
gonna chear them on just the same. I'm watch it
post game starts at five, And I just wondered about
the nil. How you how you handle that when you
(31:17):
know you have a decision on your behavior that affects
the outcome of the game and or could based on
scoring and scoring opportunity to anyway, we're gonna take another break.
We're opening a day from nine to one. Phone numbers
eight five, nine, eight nine, nine one nine three six.
You are listening to Welcome Home Show by Guardian Savig's
Bank on news Radio six thirty.
Speaker 2 (31:36):
Got you lap, We'll be right back.
Speaker 1 (31:38):
We're back doing the Welcome Home Show with you this morning.
I'm Larry Freak Pim Adams to start last session today
and we hope.
Speaker 2 (31:43):
You'd appreciate list this.
Speaker 1 (31:45):
We've been We've talked about everything in here but banks
opening from nine to one. One numbers eight five, nine,
eight nine, nine one nine three six South and drives
eight five nine two six three three three three five.
Speaker 2 (31:56):
So if you can hear so.
Speaker 1 (31:57):
You can call us thirty or fix six and a
half or six and three eight's on a twenty and.
Speaker 2 (32:02):
Five point eight seven five on a fifteen year fixed.
Speaker 1 (32:05):
If you've got a rate above seven percent over the
last couple of years and you're interested in refinancing and
saving yourself some money, give us a call.
Speaker 2 (32:13):
We'll put it together. Now. It's not a bad time
to do that.
Speaker 1 (32:15):
Tim If we get a structured right, you might miss
a couple of months payments. We could shorten your term
if that's what you want to do, or save you
some money on the monthly outlay, if that's the goal. Right,
And we're begging you, if you you know, we know them.
They are out there, and so we're begging you to
get your mortgage out. Did you sign off on a
closing at eight percent or seven point seven five or
seven and a half? Good gravy. You need to give
(32:37):
us a call. Be local, buy local, and stay local.
That's what we want to have from you. And you know,
if you're listening and you know your your kids or
your grandkids, or your niece or nephew or somebody you
know just bought in the last year and a half
or two to say, hey, I don't know what radio
got by listening to these guys on the radio, and
they're at six and a half percent, So you closing
(32:58):
costs for nine point fifty eight. You might call them.
They might they might like to advice, and they might
thank you for it. Heck, they might get you a
coldie for helping them out save them some money, wouldn't
you thank them? Absolutely? That's why we're here. And we've
got years and years and years of experience amongst our
loan officers here at Guardian. We've all been here a
multi decad decade or longer, and you know, we've seen
(33:20):
a few things. So we know a lot. We've seen
a lot and we need you know, rules and regulations
are what they are, and they've kind of changed. They change,
you know, cost the only thing constant about this business
has changed, and it's my experience and being in the
business for twenty four years now, started in nineteen ninety nine.
(33:42):
I mean, we know, you know, and like Larry says,
go ahead, get another lender to give you a quote.
Get three quotes, and if we're not the best, and
you know, we'll tell you honestly, and I do that,
I'll say, you send me the quote. Yeah, you know,
that's that's a deal. I can't offer you that rate
or are those closing costs And that happens very rarely,
but because we're just very strong and our costs quotient.
Speaker 2 (34:04):
That's because we service.
Speaker 1 (34:05):
Loans, you know, Tim I just wanted to throw a
shout out to my buddy Denver Hump. He listened to
the radio show all the time down in Richmond, and
my buddy doctor James Foster down there on Limestone. You know,
he's uh takes good care of us. We got people
listening to this radio show all the time, Andy durban
and and Marty Klough and Pete Gross and then you
(34:25):
got your You got a bunch of people that listen
in as well, and they reach out to us and
tell us about it, and we appreciate it. If you're
listening to the show and hit me up on Facebook
or whatever, Hey freaks, I heard you, man. You know,
we appreciate you listening to We've been doing this show
a long time. Steve's been doing he's he's recorded about
I guess ninety nine point five percent of all of
these shows, little Steve Lewis, and he does a good job,
(34:46):
and we.
Speaker 2 (34:47):
Appreciate you tuning in to us.
Speaker 1 (34:49):
And uh, you know, I just want to point out
again that we do have a lot of be local
by local and stay local.
Speaker 2 (34:55):
Yah.
Speaker 1 (34:55):
We've got a lot of programs here like Tim was
talking about earlier. Faha v A ka see there's all
kinds of loans here that we can help you with
with low down payment. There's areas in town if you
if you own a property and a load of moderate
income neighborhood and Lexton, give us a call. We've got
some great specials going on right now for that stuff.
Most lenders do. But give us a call. Let us
see if we can put something together for you. I
(35:16):
don't care if it's a rental property, I don't care
if it's a property you own you want to refinance,
or your you know, you want you know that your
grandparents own that property and they need to do some
stuff around the house as far as home improvements, you know,
let us let us see if we can put something
together for you, and well we'll be glad to you know,
get your quote and then if it works fine, If not,
then't let us do the loan anyway, But right now
(35:38):
it's a good time. And like I was saying, if
you get the timing right and you give us the
call and you're above seven percent, we can do a
refinance where you can have a couple of months without
having a payment at all. And sometimes that could be
a three or four thousand dollars swing on household income
and headed into Christmas Town could be a big deal
for some people. Got their interest rate from seven a
quarter seven and a half or seven and three quarters
to six and a half. Yeah, stave a couple of
(35:59):
months payment, you know, while the process is being done,
and then just you know, put that money, have some
money in your pocket, get through the holidays, and once
again we can can we can put the loan on
any term that you want, and then I'm not not
familiar with anybody else that can do that. I can
put you on twenty six years and two months, twenty
one years and eight months, if you want to retire
(36:20):
in thirteen and a half years, I'll put a loan
on that.
Speaker 2 (36:23):
So it doesn't make you difference to me.
Speaker 1 (36:24):
We don't have any free payment penalties, pay what you want,
recast opportunities, you know. The main thing is just give
us a call eight five nine, eight nine nine one
nine three six if you want to. If you're a
first time home buyer and you want some advice on that,
We've got some different you know, things that we can
do with you. We do teach some first time home
buyer classes. We could get together do something like that.
(36:46):
If you've got a group of people that you'd like
to sponsor us and you know we'll come and do
a first time home buyer's class, maybe do a little
lunch and learn or something along those lines. Tim, just
give us a call and we'll come out and put
it on. Give out some information, show programs available, what
interest rates are, how we figure your payments, what your
credit needs to be. If we can start an application
(37:08):
with you and work on a few things. So we
can't do it now, but if you do this, this,
and this by February or March, we can do it.
I mean there's all topes of different things. That's what
we do for a living, and we want to help
you get things done as far as your home ownership
dreams goals, and we'll help you take advantage of what's
going on in the market. We get our updates and
we watch this thing and we monitor it. We've been
(37:30):
doing a long time, so how we make a living.
I think we're proving making sure we got an idea
what's going on. Tim, don't you agree we didn't make
the rules. We're just in between where we gather information
and we're sure your loans in good shape and the
applications all straight and we're working on appraisal to get closed.
Facilitators is what we are, Tim, We're just facilitators loan
a ranger.
Speaker 2 (37:49):
But we'll be back next weekend. We'll put a day
from nine to one.
Speaker 1 (37:52):
Like I said, you have been listening to Welcome Home
Show by Guardian Savings Bank on news radio. You got
the UK Florida game coming on this evening pre game
at five o'clock. Welcome Home Show by Guardian Savings Bank
on news Radio six thirty. That's right here on the
Home of the Wildcats w LAP.
Speaker 2 (38:07):
We'll be back next Saturday. Have a great weekend.
Good morning, Lexington. Your list of the Welcome Home show
by Guardian Savor his Bank. I'm Larry Freks, Tim Adams
in here with you this Saturday morning. We're glad to
have you tuned into US. Bank is opening a day
from nine to one. Phone numbers eight five, nine, eight, nine, nine, one,
nine three six Southam drives eight five nine two sixty
three three three three five, So if you can hear,
if you can call us, we'd be glad to talk
(00:27):
with you about any of the financial needs that you
are requiring for real estate. And we don't do boat loans,
not loans or car loans, anything like that, personal loans,
but anything real estate wise, we can take a look
at it. And I think we have some of the
most competitive and most viable programs in the central Kentucky
(00:47):
area and probably nationwide, be honest with you, but anywhere
closing costs are acclaimed the fame like nine hundred and
fifty eight bucks.
Speaker 2 (00:55):
To Cloak alone. Now with the economy being wanted.
Speaker 1 (00:57):
It in some of the changes that have gone on,
and that's always you know, we went two hundred fifty
bucks stept for a refinance for our first how many
years you're.
Speaker 2 (01:05):
On the job, tim.
Speaker 1 (01:08):
Yes, sir, just the time we live in right now.
We have experienced some pressure or inflation on our closing costs,
so we went how many years doing fifteen years, sixteen years,
But still we only charge you for our administrative services,
(01:29):
and that's getting an appraise little we consider that, you know.
Part We order that from a third party vendor and
we are you know, and then that appraiser contacts to
our borrowers and then we have title and title is
very important as far as how we record the mortgage
when you're after closing, and we hire someone to do
that third party. We don't have closing agents within the
(01:50):
walls of Guardian. So you're just helping us offset our
costs because we're going to service alone. You're going to
pass every month. That's our claim to fame. But those
services typically and you're getting wholesale costs on those services, truly,
and that runs about nine hundred.
Speaker 2 (02:06):
And fifty bucks like that, nine fifty eight something like that.
Speaker 1 (02:09):
But we went along time with doubt it and then
the government imposed these fees that started back when they
bought out where they helped bail out Fanny and Freddy
in two thousand and six two thousand and seven from
all that debacle, and they had delivery fees that were
in place at that time. Now they've come out and
revamped all of them. And Tim, we watched them paid
back every penny to Franny and Freddy paid them back
(02:29):
every penny that was used to bail them out during
the financial crisis at that time. And then the delivery
fees never went away. And you and I studied and
studied and study, we couldn't figure out why didn't these
delivery fees go away. We just knew they were going
to go away because we knew what they were imposed for.
But then they were written in the Obama health Care
they'll pay for the Obama health Care program. Now it's
all used for something else. And it's just now they've
(02:50):
got fees on here that have changed and they've adjusted
them to a higher amount, and those are just I
don't care if you do, Fanny or Freddy, you're gonna
have what's called delivery fees. Well, all lender, all lending
is basically taxpayer funded. It's all one of the auspices
of the government. FHA V A, USDA, and Freddie and
(03:10):
Fanny are in a private or they were a private
Now they're held in a public conservatorship by the federal government.
So lending returns profitability to our federal government, there's no
doubt about that. But like you're saying, a lot of
that profit is diverted directly to healthcare. And then now
(03:33):
the new delivery fees are to help build programs for.
Speaker 2 (03:37):
To help people get at homes that might not necesary
necessarily have down payment or qualify forms.
Speaker 1 (03:42):
So they put those money in a kitty and try
to make homes more affordable and loans more available.
Speaker 2 (03:47):
Yeah, if we knew that, we'd be Merlin the Magician.
Speaker 1 (03:49):
Yeah, yeah, we've known exactly what's going on. But those
are some of the changes that go on. But right
now we're at six and a half on a thirty
year fix, six and three eights on a twenty and
five eight, seven, five, one to fifteen. And I do
think the rates at some point could go lower. We
thought with the Feds lower and the prime rate by
half a point that it would trickle down to the
bond market, and then it could eventually, But they're just
(04:10):
so much disarray still in this economy, with numbers and
so on, and so forth. Just like this week they
had the manufacturing numbers out of New York. Well in
September they were up eleven percent manufacturing orders, well and
this month or down eleven percent.
Speaker 2 (04:26):
So they don't know what you know.
Speaker 1 (04:27):
I mean, you just go one extreme together all these
numbers you know that you and I used to watch
and study and for our career here to be able
to try to help guide our clients. Hey, hold on
a little bit, we think rates are going to go down,
or hey we better luck because we think rates are
going to go up, and us being pretty efficient and
had had our pulse on the heartbeat of all that
that's out the window. There's so much bogus information out here,
(04:48):
and so much numbers and all this craft that they
try to use for these numbers. Now after the pandemic,
you don't know what's going on. The b LS, you know,
the Bureau Labor Statistics, you know saying we had eight
hundred thousand more jobs than we do.
Speaker 2 (04:59):
I mean, there's just information like.
Speaker 1 (05:01):
That that we know is not right is out there,
and I'm not saying it to hope, but on one
way or the other, or was waiting without a shoe
to drop on the you know this employment report that
came out, When will we see the revised Well, they
don't do it anymore like that, you know what I'm saying.
I mean, the Bureau of Labor Statistics finally came out
said they were over overworked and understaffed and that's why
(05:22):
the numbers were so wrong. And that came out what
in August, somewhere in August where they said that they
had overestimated the jobs, you know, boy eight hundred thousand,
and you.
Speaker 2 (05:30):
And I you talk about it.
Speaker 1 (05:31):
They like, like in December they come out with the
jobs report, and I say, there's two hundred and thirty
seven thousand new jobs.
Speaker 2 (05:36):
And then they'd say, and we feel like eighty.
Speaker 1 (05:38):
Two thousand numbers seasonal employment because you had people getting jobs,
you know, working at the mall or at Kris for Christmas.
You're already saying that hiring going on. So that's not
a true number if.
Speaker 2 (05:49):
You asked me. But they would they would let us
know that.
Speaker 1 (05:51):
They say there's two hundred thirty seven jobs, but eighty
two thousand number seasonal. But Wall Street qu'es over that.
That's the funny part. They do off these jobs reports
that caused the bond markets to go, oh, hey, it's
a knee jerks.
Speaker 2 (06:06):
No, I mean they said that they were off by
eight hundred thousand jobs.
Speaker 1 (06:09):
That's what kids makes me, you know, frustrated with it,
but you know anyway that it.
Speaker 2 (06:14):
Is what it is.
Speaker 1 (06:15):
If you're above seven percent on an interest rate, you
bought a house in the last eighteen months or so at
six and a half percent and nine hundred and fifty
eight dollars in closing costs, you should give us a
call and see if we can help you get your
refinance and save you some money on your interest rate.
And the other thing is that if you have a
mortgage insurance, by a chance, we might see if we
can get you out of that as well, based on
what current values are. So you know, it could be
(06:36):
a win win situation for you. And there's a lot
of people out here that got rates over seven percent.
And now you've got the old school way of thinking
and you've got that one percent rate drop if you're
going to do a refinance, which has been out the
window for many, many years Guardian, just because our closing
costs are so cheap. There are some people that you
do need to make sure, you're getting a one percent
rate drop if you're gonna do business with them, because
they gonna get you for fifteen sixteen, eighteen thousand dollars
(06:58):
in closing costs. So there's an opportunity for you to,
you know, give us a call, save yourself some money.
Be local, by local, and stay local. Lick Guardian do
your loan. But if you're above seven percent, give us
a call and let us take a look at it.
Doesn't make sense. They're not going to let us do
it anyway. But uh, you know some of the delivery
fees and stuff we have here now, tim, what is
(07:18):
that they've got to purchase loan? The values on learn
greater than fifteen years. Credit score above seven eighty you
gotta have twenty five percent down to not have a
delivery fee. You know, seven eighty is seven seventy nine.
You gotta have thirty percent down to not have a
delivery fee. But if you're just paying twenty percent down
the delivery fee zo point sixty two five of your
loan amount, and that you're talking between seven to eighty
(07:40):
and seven to seventy nine credit score team, that's that's
a strong credit score as far as we knew back
in the day, six twenty used to be solid. Yeah,
then it went to seven six eighty, and then seven
twenty seven forty. Now here you go. So, but what
I have found out this week Larry, and it was
a kind of a awakening him because we don't deal
with credit issues off but my client score had dropped
(08:03):
forty points in twelve months and didn't know why. And
I didn't really see anything other than he had been
in the pursuit of buying a car, and he had
gone to one dealer that had.
Speaker 2 (08:15):
Put out multiple, you know, requests for a long term.
Speaker 1 (08:21):
And this went on for a couple of months and
with the equivalent of about ten different inquiries to buy
this car, and it's taken points away from his score.
All of a sudden, he just closing on the car.
He's only been paying on.
Speaker 2 (08:36):
It a month.
Speaker 1 (08:38):
And so we tell first time buyers don't go out
and buy a car before you buy your home. So
obviously car purchases and the inquiry of credit to purchase
said car could have a short term negative effect.
Speaker 2 (08:55):
On your credit. Now that I've had this experience.
Speaker 1 (08:58):
Well, you know, Laurie and I taught me any class
on this credit reporting system and so on and so forth,
and there's been some changes that are taking place that are,
you know, major benefit to us. One of them is
medical collections can't be reported on your credit bure or
any longer, which I always thought was a scam and
a sham anyway, because I don't know how to read
what my insurance is paying and what they're not if
you don't have something to settle with them. In about
thirty days, they turned over to collection agency. And it's
(09:20):
been that way my entire life, and I'm, you know,
sixty years old. So they finally got that off the
credit buro. Because somebody turning you in and billing you
for a stitches that you didn't get, but it's on
your credit report at affecting your ability to borrow. That's
over with, so I'm glad that that's been taken care of.
The Other thing is is that you know, if you're shopping,
you have a two week window for the common products
(09:43):
as far as homes and cars, and if you get
your shopping done within a two week window, you can
have you know, several inquiries and it's not supposed to
affect your score. And that way the biggest items generally
that you are going to purchase is first and foremost
going to be your house. They want you to be
able to shop over a period of time and see
that you're getting best deal and make sure that you
have the opportunity to compare all quotes, all rates, all
(10:06):
closing costs, all that stuff before you make a decision
on who you're gonna you know, hunker down on a
thirty year mortgage with. And I think it's the same
thing with cars. Cars are about the second biggest purchase that.
Speaker 2 (10:16):
People are gonna make.
Speaker 1 (10:17):
You make it into recreational vehicle for something along those lines.
But it's just one of those things that you know,
if this guy has gone out over a couple month
timeframe and every time he stops somewhere, another thing that
could happen is I can see this happening. You got
a guy that's a good shopper. Obviously before he wouldn't
be here at Guardian. So he's got he's out shopping
and he sees the cars he likes, and he goes
the F and I guy and they just can't come
(10:37):
to an agreement.
Speaker 2 (10:39):
Well he's they walk off.
Speaker 1 (10:40):
All of a sudden, something somebody else comes along says, well,
if you got this type of client, mister f and
I guy, we could do this. So he calls him back, Hey,
we could do this. Is this better suit you need?
Speaker 2 (10:49):
You know?
Speaker 1 (10:49):
So you got somebody trying to keep him into the
loop on that hole, on that car, and they keep
running down the road trying to see about the best
finance and they can get him. And that could have
happened as well. But you do need to be aware
of those types things because if you're not, and you're
out here shopping and sobody's pulling your credit and you don't,
you know, and it's it goes on for this like
this guy for you know, eight weeks and he's got
(11:11):
ten inquiries and his score dropped forty points. Then the
closing costs go up because of it, because these delivery
piece and the guy ain't just painted got a perfect history,
you know, I mean has proven time and time again,
and it doesn't. I mean, it's just like K you
you pay KU for seven years in a row on
time if your electric bill had it happened to client
the other day. They were telling me about it, and
(11:32):
I thought, and I was, you know, listen to it
and it is the truth. Seven years in a row.
And then uh got you know, got confused and got
pasted due on a bill and they cut.
Speaker 2 (11:43):
His power house. And then uh, when he went to
get a.
Speaker 1 (11:46):
Put back on, he had to pay one hundred and
sixty dollars one hundred and sixty dollars depause it yep,
because seven years of payment has agreed. And what it
was is he he won of these guys that pays
in advance, got a hundred dollars bill, he pays one
fifty or pays two hundred. And he doesn't have a
bill for money too because of traveling. And he was
always on the job, always moving around California wherever it
ghost and so you know, he just got got out
(12:07):
of whack on his his advanced payments and and and
then all of a sudden, band they cut his power off.
And he said, I called down here and talked to him, said,
can you not see where I always pay extra? And
you know I paid in advance for years and I've
always paid myselff And yes we can. But our pulse
is if you get your if you get your bill
cut off, he said. He showed me, he said, the
bill said, I'm doing August twenty fifth for this amount,
but you cut me off on August the third. He's like,
(12:29):
wait a minute, you know, but that's ku for you. You know,
that's that's that's that's somebody got your hands out, you know,
like they need the money anyway.
Speaker 2 (12:36):
Yeah, we're gonna take our first break of the day.
We're gonna be right back.
Speaker 1 (12:39):
You listen Welcome Home Show by Guardian Savings Bank open
today from nine to one. One numbers eight five, nine,
eight ninety nine one nine three six Here in Hamburg,
Southland Drives eight five nine.
Speaker 2 (12:48):
Two sixty three three three three five. You can hear,
you can call us.
Speaker 1 (12:51):
You're listening Welcome Home Show by Guardian Savings Bank on
News Radio six.
Speaker 2 (12:55):
Point thirty w LAP. We'll be right back.
Speaker 1 (13:00):
You're back listening to Welcome Home Show about Guardians Davy's Bank,
Tim Adams, Larry Frakes in here this Saturday morning. Hope
you're out with your jacket on. Being chilly this week,
Nothing wrong with that. Banks open a day from nine
to one. Phone numbers eight five nine, eight nine nine
one nine three six Here in Hamburg, Southland drivers, what's
the phone number over south and ten, eight, five, nine,
two six three three three three five.
Speaker 2 (13:23):
Yep.
Speaker 1 (13:23):
Got Jamie Mortimer, Aaron O'Brien, Alex Malani, Jim McKenzie over there.
So if you want to give them a call and
you've done business with them before, please do so. Over
here to Hamburg, Alex Tingle, Tim Adams, myself, Larry Frakes,
Lorie Hawkins, Kyle Madaris, Rob McBride.
Speaker 2 (13:39):
You can call in here.
Speaker 1 (13:40):
They'll transfer you to our cell phone if you'd like,
if we're not in here at the time, And and
kind of the way we roll, we appreciate all those opportunities.
Speaker 2 (13:48):
You know, we'd been pretty fortunate to you know, get
some loans going, and uh, you know you're at the
same way.
Speaker 1 (13:55):
You've got construction loans going and refinances and construction, the
perm and all kinds of stuff. If I'm if I'm
remembering right, that's what you have in your pipeline. Yeah,
purchase right now. I got one there, you know, a
unique kind of deal. Or they're completing construction so it's
actually a refinance, but they're buying a new they built
a new home bill. So if you've got one under construction,
(14:18):
it's a pretty seamless process to take that loan to
permanent financing. So now might be a time where some
of these homes are getting completed that they've been working
on all summer and trying to get everything completed before
the cold weather sets in. So if you have a
new construction project going on, let's talk about doing a
(14:41):
refinance to get your permanent financing, and so we can
pay off a builder loan and then you can move
forward with a starting the journey of being mortgage free.
At Guardian Savings Bank, we're going to try to can
use a thirty year fixed rate payment, but heck we
can do lump some principal reduction to recast the note
(15:02):
along the way. There's other little tricks in our toolbox
that we can use. And you're trying to shorten your
loan life, A thirty year loan doesn't have to be
a thirty year sentence, Larry. You can pay it off
in disguise a limit right twenty fifteen. Because the way
I want to be is mortgage free, and I get
ready to retire and I don't want to have a
(15:25):
mortgage payment. The property taxes will keep coming and the
insurance will keep coming, but if you can.
Speaker 2 (15:32):
Reduce your footprint on having.
Speaker 1 (15:34):
A mortgage at all, especially into retirement, that's a good thing.
And why not even look at a thirty year Even
if you're going into a long, long term, look at
the thirty year payment. But as a retire you may
need a thirty year payment. Don't let the payment paint
yourself in a corner so you have some income left.
(15:54):
I agree with that one hundred percent. I know the
power principal reduction is the way you want to go
and get these things liquidated. But you know, and even
you know we talked about the first half the show.
If you closed anything, if you're above seven percent, you
need to give us a call worth six and a
half And you know Holsing costs of nine hundred and
fifty eight dollars. It ain't gonna take you long to
break even on your loan. And that's really what it
boils down to. But even if you go to six
(16:15):
and a half percent and you're comfortable with the way
your payment is right now, say that I can take
you from say you've been in there a year and
you got twenty nine years left, and you're okay with
that payment, and I take you to six and a
half percent, and I can put you on twenty six
years and two months. Wouldn't that be a wouldn't that
behoove you to try to consider reefinances and ten if
I could save you about three and a half years
worth of payments, you know what I'm saying. In the
(16:36):
shorter of that amateurization schedule, the more bang you're getting
for your buck. So and that's the thing with Guardian
Savings Bank. We service these loans. I can put you
on any term above ten years. I can put you
on eleven years or two months, fifteen years and eight months,
twenty years and three months, twenty five years and six months, whatever.
We service these loans And to me, that's a benefit
(16:59):
to you. And the other thing at Guardian Savings Bank
here is you got to you know, if you want
to do a recast, it cost you a hundred bucks.
Say you inherit some money. You come in to Larry,
I want I want to pay some money down. I
want to do a recast. I inherited somebody. I'm gonna
bring twenty five thousand. I just want to apply it
to the principal on my alone and say okay, can
bring it on in here, Tim, you bring the fifty
grand in, we do a recast for one hundred dollars
(17:20):
and you get a principal balance reduction, and your payment
goes from thirteen hundred and fifty seven dollars to eight
twenty seven any cost anything but one hundred bucks principal
balance reduction.
Speaker 2 (17:29):
There you go. Who else is doing recasts like that
that you know of? Anybody? I don't.
Speaker 1 (17:33):
I don't know if anybody in the business that'll let
you recast a loan like that. If that's what you
get for being local, buying local and stay in local.
Speaker 2 (17:41):
When you're dealing with your mortgage companies.
Speaker 1 (17:43):
You can get online and get up with somebody and
one of these rockets or whatever you want to do,
and see who winds up with your loan and who
you wind up getting to, you know, spend your money with.
Or you can deal with somebody local who's been one
of the number one lenders in central Kentucky for the
last fifteen years. Pay reasonable clothes and costs, deal with
people you know, deal with you know everybody. We uses local.
(18:03):
The appraisers are local title companies local.
Speaker 2 (18:06):
We all live here.
Speaker 1 (18:07):
We go to the UK Games, we go out and
support the kids at these football games and spend our
money locally and charitable contributions and so on. Deal with us,
give us a call eight five nine, eight ninety nine
one nine three six. But Uh, anyhow, we're gonna take
another break. Bank is open today from nine to one.
On them is eight five nine, eight ninety nine one
nine three six. Southland Drive eight five nine two six
(18:30):
three three three three five. So if you can hear as,
you can call if you know, you've got the pregame
UK Florida starting a five o'clock here this afternoon later
on AM six thirty, so stay tuned for that. We'll
be right back. We'd listen to Welcome Home Show by
Guardian Savings Bank on News Radio six thirty. Up you
l eight, We're gonna be right back.
Speaker 2 (18:46):
Man.
Speaker 1 (18:47):
You're back listening to Welcome Home Show about Guardian Savings Bank.
I'm Larry Frank's got my buddy Tim Adams in here,
some of you might know him from the area. Is
Pinky and uh in here talking to you on the
radio show. We've been after it for a minute and uh.
Banks open today from nine to one. Phone numbers eighty five, nine,
eight nine, nine one nine three six. Southland drives eighty
five nine two sixty three three three three five.
Speaker 2 (19:09):
So if you can hear, she can call.
Speaker 1 (19:10):
It's just talking about closing costs and interest rates worth
six and a half percent on a thirty year fixed
And we know there's plenty of people out here that
are seven percent or hiring. If you're one of them,
give us a call, take about ten minutes of your time.
If we can save you some money, let us do it.
If you know we can't, they're not gonna let us
do it anyway, but we can. You know, consider a
rate break and turn break or whatever makes sense for you.
Speaker 2 (19:32):
But just give us a call.
Speaker 1 (19:33):
If you're getting your taxes and your insurance in right now,
turn them in and getting it paid. Nothing wrong with that.
I've had several people bring them in here to the
office to me. I scan them in, send it to
taxes at Guardian Savings Bank dot com and guess what
Tim will pay them things for them. But that's by
being local, staying local, and buying local. When you come
in here, where I got my tax bill? Okay, send
it to me, they send it to me, I send
(19:55):
it on. You know, that's just just the way we roll.
When tim you get questions and I get questions about stuff,
you know, on our personal stuff or.
Speaker 2 (20:03):
Just you know, and it's a compliment.
Speaker 1 (20:05):
People call and ask us for a little guidance here,
a little guidance there what we think is going to happen,
and you know, you know, and and we try to
you know, we live here, you know, this is this
is our community.
Speaker 2 (20:15):
So whereur kids went to school, we're still going to school.
Speaker 1 (20:17):
And you know, it's it's it's our it's our our
job obviously, but we enjoy it and the people we
get to meet and the things we get to do
are just a bonus. Just like going to Keenland this
week and hanging out with our boss and some of
our co workers.
Speaker 2 (20:31):
It's a good time.
Speaker 1 (20:32):
Don't know if anybody want any money or not, but
it's always a good time to go out there. Hey,
it's a traditional yeap, a tradition. So the most wonderful
time of the year. No, not tax season keelan, Yeah,
but you know, back to the taxes. I mean, this
is what's going to happen next So and it may
happen to me as well. I think it is, but
it's not for very much. My taxes that what I've
(20:53):
paid in for the last year in S grows and
what I'm having to do now is going to be different.
So my tax bill is going to change, you know,
because my property increased in value. So I'm gonna have
to adjust a payment to a guardian. And a lot
of people are gonna go through that this year. With
the evaluation of properties and the accumulation of equity and value,
(21:15):
the taxes are going to change. And whatever you're paying
and I don't know it yet, your bank don't know
it yet, but when it will pay it. But then
you got to make up the difference. You guys pay
your in yourself being pink or do you have it
s growed.
Speaker 2 (21:26):
I don't scrow. I like to track phone expenses.
Speaker 1 (21:30):
I mean, I see that it's a budgetary method for
a lot of folks, but we're indifferent to escrow set up.
You don't have to if you've got twenty percent equity
in your home. And most people that are pretty sophisticated
with their money don't need escrows and I don't need it.
I know that bill's coming in November, and I've become
(21:51):
more disciplined in my financial life, and I just don't feel.
Speaker 2 (21:55):
I need the that.
Speaker 1 (21:59):
You know that I'll just keep my money because as
you know, there is some of your money always invested
in your escraal account and three months of taxes, you know,
it's fifteen maybe fifteen hundred or two thousand dollars probably
average balance and my ASCRO. I can have that money
making four and a quarter over here on a savings account.
Speaker 2 (22:20):
So that's just me.
Speaker 1 (22:22):
Yeah, so, and I agree with you, And it is
just a budgetary thing for a lot of people. What's
the easiest thing to do. Set it back yourself and
pay it or you know, put it into account, let
it be paid for you. That's for those that can't
trust themselves to go to Keenland and blow the tax money. Well,
the thing about it is it paraty paid taxes on
the money they're taken.
Speaker 2 (22:40):
Out there, and if I win anything worth having, they're
going to tax me. Again. Is there anything we can
do without being taxed on it? Yeah?
Speaker 1 (22:46):
Anything may not be a good investment learner to take
your tax money out to Keenland this fault. Yeah, well
I wouldn't do that, but I'm just saying it's as
far as taxes. I mean, I've already paid taxes on
what I'm taking out there, and if I win anything,
I'm gonna pay taxes again.
Speaker 2 (22:57):
I mean, when is there anything out here we can do?
We don't pay tax you know how? I know that, Larry,
I've done it. And how did an affair for you?
I lost my tax money. You didn't coll and I
had to go get a payday long. Oh no, I
just kid.
Speaker 1 (23:11):
But uh, but that's kind of the you know, analogy
and some you know, some households just like that budgetary restraint,
and we get that. We want you to have that. Yeah,
we that's not like we frown on you waving escrow.
We want you to have escrow. Trust me, because we
want that two thousand dollars average balance on across the board.
(23:33):
I'm not sure how we invest that, but you know
you don't have it. So but that's a luxury of
you being able to make your taxes and your insurance,
what your monthly mortgage payment, right, And it's just one
of those things. It's like you say, it's a fifty
I read the odds and fifty percent of people do
fifty percent of the people.
Speaker 2 (23:51):
You know, and the thing about it.
Speaker 1 (23:52):
Here, if you got twenty percent equity position at guard
and you're not required to escrow, and if you do escrow,
you don't get any break. If you don't escrow, you're
getting penalized because there's a lot of lenders out here
and say, well, if you let us ask go for you,
we'll give you a discount on your rate. We don't
do that here. We're gonna give you the best rate
we can give you already anyway. I mean, I don't
have four or five rates to pick through here. And
then you call back and say, well, so and so
said I could get six and a half. Oh well
(24:13):
I could do six and a half. I was quoting
you six in the three quarters. I think the uh yeah,
So you know, we're gonna give you a good quote.
It's going to be solid and you can count on it.
And then we're going to service the loan on any
conventional financy. But we got FHA, B A, us D A,
Kentucky Housing. We've got all those loans and we'll help
you with any of those. You know, fahas they're in
(24:35):
a half percent down. You get buyer and pay your
closing costs and prepaids KHG. He's got some one hundred
percent financing programs. And there's some areas where you've got
some great tax incentives and you know, deals and we
have you know, there's PARTICULARI is in Leactington right now
where we've got good closing costs and community reinvestment stuff
going on. So you know, if you're in a what
(24:55):
it's it called a load of moderate income neighborhood and
I don't know if everybody knows where they're at or whatever.
You know, we've got some good programs for those types
of things if you want to buy, refinance, borrow some
money for home improvements, or any of that.
Speaker 2 (25:06):
Type of stuff.
Speaker 1 (25:07):
And Larry, I'm just looking at a rate sheet from
earlier in the week, and the FAHA rate was par
rate was five point seventy five BA, the same USDA
six point one two five. So rates are a little
more attractive even on the on the true government type program.
So if you're a first time buyer or you just
want to you know, you're mainly that's what these programs
(25:29):
are intended to be, is that FAHA would love for
you to use their program to get in your home
and then then transfer over to conventional loan someday and
give that money back to the system so someone else.
Speaker 2 (25:41):
Can use it to buy their first home.
Speaker 1 (25:43):
Absolutely, that's the way I think of FHA and USDA.
But USDA is one hundred percent, well a sixty six
to your better score, you're talking a par rate today
if the earlier this week of six point one two five,
and FAHA the same five point seventy five. So they're
making affordability available for first time buyers. And we've heard
(26:05):
a lot of news about the American dream of home ownership,
you know, that's that's what these programs are intended to do.
Get off the rent roll and get you on the
tax right. All that's right, So be beware that rates
are a little better on these programs than they are
on conventional lending right now, so it might be the
time to inquire about purchasing your first home using these programs.
(26:27):
We've even got Kentucky Housing which will kick in a
small second to cover all your costs. It's truly one
hundred percent now and it's just give us a call
eight five nine eight nine nine nine three six and
we'll take a look at it and see if you're
interested in getting out and buying, and right now is
a great time to do it. The lower rates are,
the more competition. You're going to have whatever you qualify
for at five point seventy five or then rates. Tim's
(26:49):
telling you going to get it done. You don't marry
your home not your loan. Marry your home not your loan.
You can refinance at any time. Get a good write
it out when things get better, do it over. You know,
I had a couple of text messages before we started
this radio show, people popping in, Hey, I want to
try to get a home EQUI line of credit or
(27:10):
I'm doing this or doing that.
Speaker 2 (27:11):
Have at it.
Speaker 1 (27:12):
You know I'm going to help you sooner go off this,
you know, doing this radio show. But I'll reach back
out to these people. But you know, we're twenty four
to seven getting falls and requests and different information on
different loan programs. But we're you know, we're here to help,
We're here to please. So you know we're we're able
to make it. Credit bureau, we're telling you about that.
You know, just be careful on your inquiries and things
you purchase messages with your debt to income. What's the
(27:37):
other thing talk about escros, tim what else is good
about this time of the year. Look at your homeowners insurance.
Everybody got pop forty percent across the board. I don't
care who you are, where you're at, or what part
of the country. And the insurance companies know what the
election coming on, they weren't and eat a bunch of
damages and craziness.
Speaker 2 (27:51):
So everybody got a little increased there.
Speaker 1 (27:53):
But get just keep your homeowner insurance agent honest and
get another quote because there are some variances and coverage.
But the bottom line is to make sure you look
at your policy and you have an adequate replacement coverage
and person and to cover yourself. You know, I had
a friend of mine that had accident one time and
had the same insurance policy for fifteen or twenty years
(28:14):
and accumulate a bunch of wealth and then had an accident,
you know, on on a policy it had in place
for many years. And when that thing ran out of
money on something that was his fault with that injury claim,
then he had to start figuring out another way.
Speaker 2 (28:27):
To pay for these medical bills.
Speaker 1 (28:28):
So make sure your coverage is accurate based on your
worth and the value of the items that you have,
and it was just one of those things where he
had a good job, his wife had a good job,
and they'd paid off some stuff and then got them
a little house boat and a little airplane that they
you know, foresee, you just all kinds of different things.
And uh, but the you know, just never had really
made any changes with their insurance. And I think, you know,
(28:49):
after that, I think when I had my house boat,
you know, I got me a little umbrella policy to
cover me in case somebody came down here and got
hurt or had an accident or something to him. And
that's just you know, trying to cover yourself and you know,
more areas than one, and you've got to do those things.
Speaker 2 (29:05):
Have to stay on top of it and keep looking
forward with it.
Speaker 1 (29:08):
But we mentioned a little bit ago the UK Florida
Tonight pregame starts at five o'clock, but the Cats invade
the swamp. Then wasn't too happy with the game this
past weekend, you know, with the homecoming game a week
after bye and and they just didn't play very well
at all.
Speaker 2 (29:24):
And him, I.
Speaker 1 (29:25):
Don't know how you feel about this, but you know
that nil money with these kids are getting paid. I
would think that, you know, if they're going to fool
around to get penalties and knock you out of a
touchdown zone or the red zone, you know, based on
personal fouls over you know, self control, do you think
they should be fine for that or held accountable even
though they're kids.
Speaker 2 (29:44):
I mean, you pull them out and set them on
the bench.
Speaker 1 (29:45):
You just let them continue to drawl and fight and
poke and prod and get penalties that cost the team
scoring opportunities.
Speaker 2 (29:51):
How you never for getting paid? How do you handrun?
Speaker 1 (29:53):
I think there should be some ling inch, but there
should be warnings, and I mean it shouldn't be a bitual.
There has to be bells and whistles, action balances in
place to you know, and and so many infractions should
result in, you know, penalizing them. That's the way I
look at it. But if it's one, if it boils
over here and there, but we see it in the NFL,
(30:14):
we see the same.
Speaker 2 (30:15):
Those guys in the NFL get fine. You can wind know,
I know, but that's but their habitual.
Speaker 1 (30:19):
You can't get somebody else, you know, emotionally charged like
they are when they take the field and not expect
you know, maybe something uncharacteristic to happen to a player.
I got you, that's just it makes it's who you are,
it's in your DNA, and and uh, I know, dang
key got a cheap you know you saw it. He
puts you, you know, cheap act to call after the
(30:39):
first of the game, push in a helmet into the helmet,
and after they'd had about three after they'd had about
three warnings, and then all of a sudden, right in
front of their own coach, and it just you know,
that stuff just I'm just like when I don't get
the accountability, but you're right, I mean, the emotions and
everybody getting cranked up.
Speaker 2 (30:54):
But just you know, there's I don't know what the.
Speaker 1 (30:57):
Nil now people getting paid and it affects somebody else's
bonus or whatever their goals were. Friend, il you know, hey,
we got to win this many games. Now all of
a sudden they can't win the game because of your
your deal. I mean, how's that affect you? You know,
I mean whatever, But anyway, they're on this evening, I'm
gonna chear them on just the same. I'm watch it
post game starts at five, And I just wondered about
the nil. How you how you handle that when you
(31:17):
know you have a decision on your behavior that affects
the outcome of the game and or could based on
scoring and scoring opportunity to anyway, we're gonna take another break.
We're opening a day from nine to one. Phone numbers
eight five, nine, eight nine, nine one nine three six.
You are listening to Welcome Home Show by Guardian Savig's
Bank on news Radio six thirty.
Speaker 2 (31:36):
Got you lap, We'll be right back.
Speaker 1 (31:38):
We're back doing the Welcome Home Show with you this morning.
I'm Larry Freak Pim Adams to start last session today
and we hope.
Speaker 2 (31:43):
You'd appreciate list this.
Speaker 1 (31:45):
We've been We've talked about everything in here but banks
opening from nine to one. One numbers eight five, nine,
eight nine, nine one nine three six South and drives
eight five nine two six three three three three five.
Speaker 2 (31:56):
So if you can hear so.
Speaker 1 (31:57):
You can call us thirty or fix six and a
half or six and three eight's on a twenty and.
Speaker 2 (32:02):
Five point eight seven five on a fifteen year fixed.
Speaker 1 (32:05):
If you've got a rate above seven percent over the
last couple of years and you're interested in refinancing and
saving yourself some money, give us a call.
Speaker 2 (32:13):
We'll put it together. Now. It's not a bad time
to do that.
Speaker 1 (32:15):
Tim If we get a structured right, you might miss
a couple of months payments. We could shorten your term
if that's what you want to do, or save you
some money on the monthly outlay, if that's the goal. Right,
And we're begging you, if you you know, we know them.
They are out there, and so we're begging you to
get your mortgage out. Did you sign off on a
closing at eight percent or seven point seven five or
seven and a half? Good gravy. You need to give
(32:37):
us a call. Be local, buy local, and stay local.
That's what we want to have from you. And you know,
if you're listening and you know your your kids or
your grandkids, or your niece or nephew or somebody you
know just bought in the last year and a half
or two to say, hey, I don't know what radio
got by listening to these guys on the radio, and
they're at six and a half percent, So you closing
(32:58):
costs for nine point fifty eight. You might call them.
They might they might like to advice, and they might
thank you for it. Heck, they might get you a
coldie for helping them out save them some money, wouldn't
you thank them? Absolutely? That's why we're here. And we've
got years and years and years of experience amongst our
loan officers here at Guardian. We've all been here a
multi decad decade or longer, and you know, we've seen
(33:20):
a few things. So we know a lot. We've seen
a lot and we need you know, rules and regulations
are what they are, and they've kind of changed. They change,
you know, cost the only thing constant about this business
has changed, and it's my experience and being in the
business for twenty four years now, started in nineteen ninety nine.
(33:42):
I mean, we know, you know, and like Larry says,
go ahead, get another lender to give you a quote.
Get three quotes, and if we're not the best, and
you know, we'll tell you honestly, and I do that,
I'll say, you send me the quote. Yeah, you know,
that's that's a deal. I can't offer you that rate
or are those closing costs And that happens very rarely,
but because we're just very strong and our costs quotient.
Speaker 2 (34:04):
That's because we service.
Speaker 1 (34:05):
Loans, you know, Tim I just wanted to throw a
shout out to my buddy Denver Hump. He listened to
the radio show all the time down in Richmond, and
my buddy doctor James Foster down there on Limestone. You know,
he's uh takes good care of us. We got people
listening to this radio show all the time, Andy durban
and and Marty Klough and Pete Gross and then you
(34:25):
got your You got a bunch of people that listen
in as well, and they reach out to us and
tell us about it, and we appreciate it. If you're
listening to the show and hit me up on Facebook
or whatever, Hey freaks, I heard you, man. You know,
we appreciate you listening to We've been doing this show
a long time. Steve's been doing he's he's recorded about
I guess ninety nine point five percent of all of
these shows, little Steve Lewis, and he does a good job,
(34:46):
and we.
Speaker 2 (34:47):
Appreciate you tuning in to us.
Speaker 1 (34:49):
And uh, you know, I just want to point out
again that we do have a lot of be local
by local and stay local.
Speaker 2 (34:55):
Yah.
Speaker 1 (34:55):
We've got a lot of programs here like Tim was
talking about earlier. Faha v A ka see there's all
kinds of loans here that we can help you with
with low down payment. There's areas in town if you
if you own a property and a load of moderate
income neighborhood and Lexton, give us a call. We've got
some great specials going on right now for that stuff.
Most lenders do. But give us a call. Let us
see if we can put something together for you. I
(35:16):
don't care if it's a rental property, I don't care
if it's a property you own you want to refinance,
or your you know, you want you know that your
grandparents own that property and they need to do some
stuff around the house as far as home improvements, you know,
let us let us see if we can put something
together for you, and well we'll be glad to you know,
get your quote and then if it works fine, If not,
then't let us do the loan anyway, But right now
(35:38):
it's a good time. And like I was saying, if
you get the timing right and you give us the
call and you're above seven percent, we can do a
refinance where you can have a couple of months without
having a payment at all. And sometimes that could be
a three or four thousand dollars swing on household income
and headed into Christmas Town could be a big deal
for some people. Got their interest rate from seven a
quarter seven and a half or seven and three quarters
to six and a half. Yeah, stave a couple of
(35:59):
months payment, you know, while the process is being done,
and then just you know, put that money, have some
money in your pocket, get through the holidays, and once
again we can can we can put the loan on
any term that you want, and then I'm not not
familiar with anybody else that can do that. I can
put you on twenty six years and two months, twenty
one years and eight months, if you want to retire
(36:20):
in thirteen and a half years, I'll put a loan
on that.
Speaker 2 (36:23):
So it doesn't make you difference to me.
Speaker 1 (36:24):
We don't have any free payment penalties, pay what you want,
recast opportunities, you know. The main thing is just give
us a call eight five nine, eight nine nine one
nine three six if you want to. If you're a
first time home buyer and you want some advice on that,
We've got some different you know, things that we can
do with you. We do teach some first time home
buyer classes. We could get together do something like that.
(36:46):
If you've got a group of people that you'd like
to sponsor us and you know we'll come and do
a first time home buyer's class, maybe do a little
lunch and learn or something along those lines. Tim, just
give us a call and we'll come out and put
it on. Give out some information, show programs available, what
interest rates are, how we figure your payments, what your
credit needs to be. If we can start an application
(37:08):
with you and work on a few things. So we
can't do it now, but if you do this, this,
and this by February or March, we can do it.
I mean there's all topes of different things. That's what
we do for a living, and we want to help
you get things done as far as your home ownership
dreams goals, and we'll help you take advantage of what's
going on in the market. We get our updates and
we watch this thing and we monitor it. We've been
(37:30):
doing a long time, so how we make a living.
I think we're proving making sure we got an idea
what's going on. Tim, don't you agree we didn't make
the rules. We're just in between where we gather information
and we're sure your loans in good shape and the
applications all straight and we're working on appraisal to get closed.
Facilitators is what we are, Tim, We're just facilitators loan
a ranger.
Speaker 2 (37:49):
But we'll be back next weekend. We'll put a day
from nine to one.
Speaker 1 (37:52):
Like I said, you have been listening to Welcome Home
Show by Guardian Savings Bank on news radio. You got
the UK Florida game coming on this evening pre game
at five o'clock. Welcome Home Show by Guardian Savings Bank
on news Radio six thirty. That's right here on the
Home of the Wildcats w LAP.
Speaker 2 (38:07):
We'll be back next Saturday. Have a great weekend.
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