Episode Transcript
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Speaker 1 (00:00):
Can you help me baby, man of bed, We don't
relect it.
Speaker 2 (00:06):
Tend your Listen to Welcome Home Show by Guardian Davis Bank.
Come Larry Freaks, Tim Adams with us here this morning.
Glad you tuned into US banks open a day from
nine to one numbers eighty five nine eight nine nine
one nine three six. Here in Hamburg over on South
and Drive, it's eighty five nine two six three three
three three five. So if you can hear.
Speaker 1 (00:26):
Us, you can call us.
Speaker 2 (00:27):
Be glad to help us whatever your needs are. First off,
I want to say, if you hear this message and
you can get a hold of us in time, we
have a fifteen year rate special going on right now
for a rate and term refinance that's five point seven
five percent. That's a below market quote on any conventional
loans that we can do right now. It's the specialist
being offered. By the time you hear this, hopefully they're
(00:51):
still going on. I mean it's you know, obviously the
weekend and things are going to change, but it's five
point seven five percent on a fifteen year fixed regular
closing and those things. The closing costs are going to
be adjusted on equity and loan. You know, credit scores
on and so forth. But the rate's going to be
right where, you know, as good as we've seen it.
At a minute, it was it was this lower lower,
(01:13):
you know, in like October or something, you know, in
this fall that the bond market everything else hasn't really
played in our favor and the rates have been a
little out of whack. The ten year bond is what
dictates these rates. But it's five point seventy five on
a fifteen year fixed rate and term refinance, not a
cash out refinance or anything else, just to rate and
term refinance. So if you have an interest in trying
(01:34):
to reduce something redo your mortgage and you're above five
and zero point seventy five, give us a call eight
five nine, eight nine nine one nine three six. We'll
take a look at it, see what's going on, see
if we can put something together for you.
Speaker 1 (01:47):
Another great program.
Speaker 2 (01:48):
And Tim, I tell you, you know, the excite and
my phone's been ringing off the hook, and I know
you've been busy too, So it's kind of like after
a couple of Mondays ago, just like a change of administrations,
a change of mindset for a lot of people. I mean,
people are excited to get back in the business and
get some stuff going on. I'm just like, I don't
know if everybody didn't trust that things were going to
happen and by the inauguration day, but everything's just so
(02:10):
stagnant for a little bit. We were getting few loans here,
a few loans there, and thankful to have them. But
I've probably got three or four times more phone calls
now daily than I've had in a long time.
Speaker 1 (02:20):
And I'm excited about it.
Speaker 2 (02:21):
I mean, people are, you know, moving and shaking and
trying to get stuff done. And as we move forward,
hopefully it will continue that way. And I don't think
that it's anything one way or the other. Everybody just
kind of on the fence for a minute, you know,
just trying to see what's gonna happen next, wait for
the next shoot to fall, and and you know, we're
we're we're seeing some we're seeing some traction out here.
(02:42):
And I appreciate, you know the fact that people are
excited again and so on and so forth. Well, you know,
you open the show every Saturday with good morning Lexington,
but we want to say good morning little our Louisville
branches is over over overwhelmed us with business up there,
and that's more proud that we're to serve the little
(03:03):
area now and really we're Central Kentucky.
Speaker 1 (03:06):
But but Larry, you're right. And when we heard the
news that this.
Speaker 2 (03:11):
Year's Welcome Home funds, yeah, this week we are on
to you to twenty thousand dollars to first time buyers.
That'll make you bend an air. Yeah, yeah, we got
the welcome home program. It's down payment assistance program, and
I'm glad you brought up. We'll talk about it as
much as we can, but it's twenty thousand dollars forgivable
down payment assistance, and we only have a certain number
(03:33):
of those that we can do. And if it's something
that you are considering or something that you can use,
or we've talked about trying to get in a home
and you were trying to get your clothing costs together,
figuring out your down payment and so on and so forth,
we've got twenty thousand dollars forgivable funds. We can we
turn in the application on Marsh's second take three or
four weeks to get it done, but to get it
and use it pro rated, it shows as a second
(03:54):
mortgage on your home. You don't have to pay anything
on it. But if you stay in the home five years,
it's forgiven. If you're moving three and a half years,
they're going to you're gonna have to pay something out
when you sell your home. But it's just one of
those things that you can take advantage of and move
into a home ownership with less financial burden and or
quicker than what you thought. If you're on a saving
scenario or what have you to be able to pull
(04:16):
it off.
Speaker 1 (04:17):
So give us a.
Speaker 2 (04:18):
Call eight five nine eight nine nine nine three six.
We've got to get an application from you. We've got
to get everything in that we need to qualify you.
We'll put all the information in, get you on the list,
and we have thirty of those loans that we can do,
and I think we've already got five of them put
in the pipeline right now, Lexington. And it's thirty loans
(04:39):
as a entirety for guarding. It's not just thirty loans
for Lexington. So if you can use twenty grand free money,
you know, get after it. Give us a call, let
us take care of you, let us put something together.
I got a phone call just at the end of
the week. Talk to this girl early this fall. Great kid,
been working their butt off, got a good job, all
these things are falling into place, and said, hey, hey,
(05:00):
we got this twenty thousand dollars down payment assistance program
and it's just gonna it's gonna fit perfect for her.
And you know, she'd be just waiting for a least
to kind of wind down and some other things to
come into play. And I'm super excited about that. But uh, yeah,
that's a great deal. But you just got to give
us a call. And you can call the South and
branch as well. Entering over there, Jamie, Alex Jim, they
have the same thing. Eight five nine two six three
(05:22):
three three three five here at Hamburg eight five nine
eight nine nine one nine three six And we still
have the kg C program and we have the down
payment assistance with that. And I've had several calls this
week the government's shutting all this stuff down. We're gonna
fund those loans we got in the pipeline. That ain't
what he's doing, all right. We've not heard anything about
any program shutdowns. We've not heard anything about defunding the
(05:44):
kg SEA loans or any of that stuff.
Speaker 1 (05:46):
They're doing some you know, studying.
Speaker 2 (05:48):
On where all the money's going that's in budgeted and
so on and so forth for the past years, is
from what I understand, And they have stopped some funding
on stuff that's going overseas for things if they're not
going to back up or support. But they've not shut
down Medicare. They're not done shut down so security or
Medicaid or any of those things that you might hear
out here. But the KHC and the government loans at
this point are still moving forward. So don't sit on
(06:10):
the fence, don't get nervous. Make sure you call an
ass which I'm thankful that the people didn't call and say, hey,
you know what's going on. I heard this and I
heard that, I said, well yeah, First I was shocked
because I.
Speaker 1 (06:20):
Was like, I didn't. I was like, really, if you read.
Speaker 2 (06:23):
The stuff that's out there versus listening to what people
want you to hear, you can kind of figure it
out on yourself. And it's like pinking. I were telling
you got money going out of your house and your
injury or your energy bills are going up, and you're like, man,
my energy bills are going up. What do I need
to do? What the first thing you do is check
all the windows. Their back windows open, and money's flowing
out because of the heat. You're paying to try to
take care of your home, and you're throwing money out
(06:44):
the window. That's kind of what they're trying to stop.
They're going to evaluate where all the money's going in
various areas, some of these loan programs as on. We're
going to continue to move forward at this point. Now
moving forward, they might make some changes, and I hope
they do. Honestly, I'm tired of these delivery fees on
these mortgage loans.
Speaker 1 (06:59):
I want to know where that money's going.
Speaker 2 (07:00):
I want to see what's going on with it, because
it's why are you penalized every time you do something
with your home, with your mind and this? And you
got eight hundred credit scores? So I you know, I'm
ready for them to investigate some of these things and
see what's going on.
Speaker 1 (07:12):
Tim, aren't you? Absolutely? And Uh it works for all
of us.
Speaker 2 (07:16):
I think it's their judiciary duty to make sure that
the money's going where it needs to be. Yeah, Transparency,
I mean, let's just let's get some checks and balances
in here. They're not trying to strangle anybody or cut
anybody's funds off. I mean, you know, let's take care
of the things we need to take care of. But
I think there was two billion dollars going to you know,
certain organization that they don't want to be a part of,
and money going to different countries where we don't even
(07:37):
have an embassy, you know. And all this money's allotted
all these different places taxpayer money. They keep saying, federally funded,
federally funded. Really, who's the federal funded? So it's uh,
I just let them, let them get their stuff done.
But these programs are gonna continue to move forward. We're
gonna work on it. Just don't panic. I just hate
it because I feel bad for the fear and the
(07:58):
anxiety of people that are so closed to getting their
home bought, and they're calling in a state of panic.
Speaker 1 (08:03):
It's really misinformation.
Speaker 2 (08:04):
It is the other thing we've got going on, Tim,
and I don't want to forget about this is Cat's
played a night at nine. You know, we got all
this other crazy stuff going on. I'm glad the phone's ringing,
and I just want people to, you know, if there's
an issue with any loans that we had or anybody
else has, you'll be notified immediately. But I just hate
the fear and the anxiety, and I just it just
caught me off guard.
Speaker 1 (08:25):
I just don't jump to conclusions well right, and I
just you know, I felt bad.
Speaker 2 (08:29):
I was just like, really, I said, I haven't heard
anything like that, you know, I just I knew kind
of what they were doing and how they were doing
it because I like to read on it and just
you know, just do your homework and give me a call.
Speaker 1 (08:39):
I'm glad they did. I think they'll. I got a
call last night, like a nine.
Speaker 2 (08:41):
Thirty or nine forty five, you know, when they were
catching wind of it somehow. But it's just not what
you think it is. And there's you know, just pay.
People are going to spend how they want, but just
give us call. Everything's good on this end at this point.
Ain't saying and changes won't be made, and like I said,
I hope some of them are with delivery fees and
some of the other stuff.
Speaker 1 (08:58):
And then but part.
Speaker 2 (09:00):
About it is I love the cat game against TENNESSEEE.
Speaker 1 (09:03):
Now coming back tonight.
Speaker 2 (09:04):
R Haldau was it was quite gratifying. For them to
come off the loss, to go down to Tennessee and
Old Rocky Top and go down there and take the
balls down.
Speaker 1 (09:14):
That was fun.
Speaker 2 (09:15):
Yeah, And I think they were shorter player, and you know,
it was really is fun to watch. I mean, you know,
they're not gonna win every game, but they're obviously, but
they're they're going to be competitive, but they're fun to
watch and I like to see real coaching.
Speaker 1 (09:27):
And but that's tonight at nine.
Speaker 2 (09:28):
Pregame will be about six thirty, so stay stay tuned
for that. We'll talk about some other stuff.
Speaker 1 (09:32):
We got to the NFL.
Speaker 2 (09:35):
Super Bowl sotailgate pregame tailgate after that South Carolina game. Yeah,
next Saturday, we'll talk about that a little bit.
Speaker 1 (09:42):
And Super Bowls a week away. Yeah.
Speaker 2 (09:44):
We've got our five point seventy five on a fifteen
year rate and term refinance.
Speaker 1 (09:48):
We've still got our.
Speaker 2 (09:49):
KHC money, USDA FHA, We've got the twenty thousand dollars
down payment assistant. We got all kinds of good stuff
to be happy for and to be thankful for and
take advantage of. So just give us call eight five
nine eight nine nine nine three six. We'll get all
these things together and keep everything moving forward. But you know,
like I say that, I've had a ton of calls
(10:10):
this week. I can see that people are excited. There's
a lot of things going on.
Speaker 1 (10:12):
I know that.
Speaker 2 (10:14):
Housing sales were down by five and a half percent
in December. Some of those numbers are coming back. There's
different numbers coming in. And just keep in mind, folks,
the lower these rates go with, the more competition you're
going to have when you get out there and get
in this home buying market. So get what you can
afford now, marry the home and date the loan. You
don't have to keep whatever you've got, But if we
can get you in it now and you can get
(10:35):
what you want, you know, they're not making any more land.
You should be able to keep your you know, equity
growing with your payment each month.
Speaker 1 (10:43):
And you know, I think we're just in a good
place in central Kentucky, and Tim, you can testify to that.
The values just you know, don't seem to get beat
up too bad aro out here.
Speaker 2 (10:50):
Well, we just want to go over the fact that
if rates come down, home prices will probably go up.
So don't if you're if you find that dream home,
don't let the rate, Like he said, don't where You're
not marrying that loan. You just want the home of
your dreams, and then we can work out options to
refinance down the road with our closing costs. The five
point seventy five on a fifteen year fix, when you
(11:12):
talk about the cost to you, you're basically just paying
our administrative costs, including appraisal, the title exam, and that's
the closing agent to sit down with you and close
your loan and then record the new mortgage at the
courthouse the way it's lawfully meant to be, so there
is not there's no extra there's no hidden fees. You're
just going to pay for those services. And it usually
(11:33):
it's about nine hundred dollars now to do a rate
and term refinance five point seventy five on a fifteen
year fix. And uh, that's just the best rates we've
seen so far. Yeah, I think it's nine fifty eight
excluding any s grow something in that that rest grows.
That's just straight closing costs. You can wave s grows
(11:54):
for property taxes and insurance and handle that on your own.
If you've got a twenty percent equity position, right, if
you've got a twenty percent acat other than that, they're
going to require you to escrow. But the closing costs
for rate and term refinance, with all of the information
that coming into play, there should be around nine hundred
and fifty eight bucks. So and that's not I mean,
that's our praise on all of it. So you're gonna
have Oh, they can't do it for that. You know,
(12:14):
we've heard that for how many seventeen years. I think
I had my seventeen anniversary here at Guardian here last
week or earlier this week. So by the time you
hear it, But keep that in mind, just let us
let us take a look at it. So what we
can do, that's the main thing. Eight five nine, eight nine,
nine one nine three six South and Drives eight five
nine two six three three three three five. Call about
the down payment assistance, call about the fifteen year rate
(12:36):
and term refive. Just give us an opportunity so if
we can save you some money, that's what we're here
to do.
Speaker 1 (12:41):
Hey, we're going to take a break.
Speaker 2 (12:42):
You are listening to Welcome Home Show by Guardian Savings Bank,
and we're opening today from nine to one. We're doing
the show right out of Hamburg today. So if you
want to give us a call eight five nine, eight
nine nine one nine three six once again South One's
eight five nine two six three eight three three three five.
We're gonna be right back here. Listen Welcome Home Show
by Guardian Savings Bank on news Radio Chex thirty w
lap coming right back here back. Listen to Welcome Home
(13:04):
Show by Guardian Savites Bank. Tim Adams, Larry Frank's in
here this Thurday morning. We'd glad to have you tuned
into US. Bank is open a day from nine to
one on numbers eight five, nine, eight nine, nine one
nine three six. Southland Drive is eight five nine two
six three three three three five. So if you can
hear as you can call, be glad to take a
look at whatever it is that you have going on.
(13:25):
Real estate wise, can't do any note loans, boat loans
or anything like that, but we can help you with
any real estate lending that you can require or might
want it. We've got adjustable rate products and Tim I'll
tell you something we've been doing a lot of is
bridge loans, and that bridge loan is a handy component
to have in your pocket if you're out house shopping.
(13:46):
What it does is it allows you to take advantage
of the equity from the current home that you have
in advance of halving to sell it, and the bridge
loan will allow you to make an offer on a
home that will not be on a contingency. It gives
you the time and the freedom to be able to
get another home bought. And I just worked on one
this week with somebody love about a million and that
just a little over a million dollars.
Speaker 1 (14:08):
But they had them, got two of them going the other.
But anyway, the one they.
Speaker 2 (14:12):
Were their house is free and clear, and they had
another house they were going to buy. The guy I
didn't want to on a contingency, so we did a
bridge loan. They can put that thing together. They get
their new house bought, do whatever they want to eat,
move in when they get their house empty, do all
the things they want to do to address it up,
get it to the.
Speaker 1 (14:30):
Best possible.
Speaker 2 (14:32):
Appearance that they can to get the most out of it,
and then they can market it. When they sell that
house that's free and clear, they can come back and
then pay down the balance on the loan to an
amount that's required or to a payment range that they're
comfortable with, and then then we recast the note to
a lower payment, and then we keep an eye on it.
Speaker 1 (14:51):
We get a chance.
Speaker 2 (14:52):
Guess what, tim for nine hundred and fifty eight bucks.
We'll refinance it when we need to. But it's just
an opportunity for them to be able to get a
home with that happened to sell had to worry about
sellingers without having something committed.
Speaker 1 (15:02):
To buy.
Speaker 2 (15:05):
Something loos on cum my other loan. They're just so
happened to be enough equity tim between the two properties
of what they were buying and what they currently owned
in their equity position. So not only are we going
to do a bridge loan together, they're going to take
enough money from the equity that they have and consolidate
some bills. If you're heard of such a thing. They
had enough money to get the other house bought, get
(15:26):
everything taken care of it, and they're gonna have some cash
out to be able to liquidate some bills.
Speaker 1 (15:31):
And when they say, well, and they're going to.
Speaker 2 (15:32):
Have money left over to do whatever they want to
do to each house, you know what, take it all,
get it all, do it all, and they don't have
to wait on a contingency contract for them to sell
their current residents do all those things. So we're gonna
do all of it form and when they sell their
current residents, once they get moved out, do all the
stuff they want to do to make it marketable and
being able to sell it, then that's what's going to happen.
(15:53):
They'll move forward with it and we'll pay our balance
down and go from there. But I thought that was
a pretty clever deal for them to be able to
liquidate four or five extra bills that they were carrying
for a little bit not too off of much debt.
But it was something that worked out, you know, And
they were kind of they were like, well, I didn't
know we could do that. I said, well, you're just
taking advance on your ec what do you just don't
(16:14):
have to use all of it for the purchase of
your home. Thank goodness, We'll just you know, we can
do some other stuff with it. And I think the
closing cost on the bridge loan for but between both
of them, excluding nestcros was about two grand. Both of
those loans is about two grand. One was a little
over one point one million, and the other one was
eight seventy two two thousand dollars in closing costs.
Speaker 1 (16:34):
Are you kidding me? Shop around and see where you're
going to beat that out. Okay, you know anybody else
could compete with that, tim, I don't myself.
Speaker 2 (16:42):
No, I don't either, But I just think it's a
fantastic avenue to take if you're thinking about buying a
home and you don't want to risk putting yours on
the market because you know it's going to be a
hot commodity and losing you know, old place to sleep
when you don't have a contract on a new home,
especially right now, when you know that in all likelihood
you will have the opportunity to refinance to a lower
(17:03):
rate off of our Bridge loan, which is the rate
fixed for a year, and then just after twelve months,
if you're still on it, it's just going to adjust.
But you're waiting for that opportunity to cling on to
a nice thirty year fixed rate and you won't have
to do anything ever again. So you're one or two transactions.
Speaker 1 (17:20):
Is this may be your you know, the last home
you buy. I don't know, yep.
Speaker 2 (17:24):
But there's options and we know that you can stay
in house or you can opt out and take a
solid thirty year rate once you sell your current home.
Speaker 1 (17:35):
Yea.
Speaker 2 (17:35):
And what I want to reiterate is is I don't
care what anybody's you know, trying to tell you right now.
I know that personally that the phone calls and the
traction we're getting on interest in homes and people buying
is four or five times more than what it has
been in the last six eight weeks. And we were
getting along here getting alone there closed to twenty five
or thirty loans a month in here. But I can
see already that you know, this business is getting ready
(17:58):
to pick up. Rates are still not much differ than
what they were six or eight weeks ago, but everybody
just kind of a standstill, mainly because of the holidays.
Speaker 1 (18:05):
You know.
Speaker 2 (18:05):
I got to throw that out there, I said earlier.
I thought the people were just kind of waiting to
see what happened with the inauguration and stuff.
Speaker 1 (18:10):
But it wasn't until you know, it's this past week.
Speaker 2 (18:14):
I mean, I'm getting calls from from eight o'clock at
night till ten to thirty or eleven o'clock at night,
and I'll take them. I mentioned how I'll make a living,
and I appreciate it, and I'm just glad that the
excitement and people are stirring around again waiting to you know,
they've been waiting long enough to see what they're gonna
be able to do. But hey, we're going to take
another break. You are listened to Welcome Home Show by
Guardian Savages Bank and we're open today from nine to one.
(18:34):
Give us a call eight five nine, eight nine nine
one nine three six Southland Drives eight five nine two
six three three three three five, So if you can hear.
Speaker 1 (18:41):
As you can call us.
Speaker 2 (18:43):
You are listened to Welcome Home Show by Guardian Savies
Bank on News Radio six.
Speaker 1 (18:47):
Thirty w LAP. We'll be wrapped back your.
Speaker 2 (18:51):
Bank lists to Welcome Home Show by Guardian Saves Bank.
Lady phrase ten mans in here with you this Saturday morning.
We're glad to have you tuned into us. Bank is
open to day from nine to one. One number is
eight five nine, eight nine nine one nine three six
South and Drive eight five nine two six three three
three three five, So if you can hear, you can
call us. Open a day from nine to one. We've
(19:12):
got five point seventy five on a rate and term refinance.
I think we're six percent on Kentucky housing first time
home by a program with ten thousand dollars down payment assistance.
Speaker 1 (19:22):
We've got other down payment.
Speaker 2 (19:23):
Assistance programs that are out here for you that are
with the Federal Home Loan Bank called the Welcome Home programs.
Speaker 1 (19:30):
We're the Welcome Home Show.
Speaker 2 (19:31):
We got Welcome Home funds available, tim, So that's twenty
thousand dollars a forgivable money. So give us a call
and say if we can help you use that and
utilize it to help you buy a home. Just work
with us on it. I know, Rachel, not as low
as some people would like them to be. But the
longer you wait for the rates to come down to high,
the cost of the home is going to be get
what you can qualify for. Now, you can always refinance,
(19:54):
marry the home, date the loan, so you'll keep that
in mine. And I was looking at some of the
economic news it's come out this week ten and they're
finally starting to get some readings on things. And we
mentioned it earlier, five point five percent pending home sales
on existing home sales was down five and a half
percent in December, and that's a huge number. Seeing any
(20:15):
cooling off of the housing market. Bonds have tried to
use this morning's news, which was on lately late this week,
but they keep getting knocked back. So the ten yure
bonds what dictates these rates, and these people are watching
and listening to the news and if they can get
real information they could go from there. They were talking
about jobless came claims. The fourth quarter GDP was released.
(20:36):
Bonds lost pricing several times during the press conference. They
recovered back. There's a two point three percent gaining on
the GDP, which was worse than the two points which
was worse than the two point six expected and worse
than three point one reading from quarter to three. Jobless
claim for down sixteen thousand to two hundred and seven
thousand last week, but the previous week's continuing claims was
(20:58):
revised higher to one point nine million.
Speaker 1 (21:01):
First time we've seen that nine handle on three years.
Speaker 2 (21:04):
So what you have is ten these numbers come out
and then they'll reevaluate it and we're finally getting that
forever we didn't see the adjusted figures, you know, they
just pop it.
Speaker 1 (21:14):
Out there and then there would be a knee jerk reaction.
We just have to deal with it.
Speaker 2 (21:17):
But now they're getting some little more clarity on what
these numbers mean.
Speaker 1 (21:20):
But let me ask you a question.
Speaker 2 (21:21):
Say that I've been on the unemployment for my fifty
two weeks, if that's what I'm allowed, and then the
you know, in the thirteenth month of it, I'm not
getting unemployment anymore. Does that mean that I've got a
job or does that just mean I'm off the radar.
Speaker 1 (21:33):
You're off the radar.
Speaker 2 (21:34):
So that's what gets me about some of these numbers,
and I think that that's exactly what happens a lot
of times here. You got people that are no longer
drawing unemployment, so they're off the radar, but doesn't mean
that they have a job. And you know, if you
look into those types of things, you can kind of see,
you know, what's going on.
Speaker 1 (21:49):
So I don't know exactly what's going to happen.
Speaker 2 (21:51):
I do think that we're going to get enough good
information in guidance moving forward that rates are going to
start to trend down and be more favorable. I think
that's one of the goals of the administration, is getting
this housing market going and getting rates down. And I
don't know if it's going to be quantity of easy.
I don't know exactly what the means they're going to
use to do it, but there's something that's going to happen,
(22:12):
and I think it's going to benefit us all with
lower rates, lower closing, you know, lower which means more
closings and more purchases because more people are going to qualify.
But that also means more people competing for the same
home when they hit the market.
Speaker 1 (22:26):
Good for the sellers, bad for.
Speaker 2 (22:27):
The buyers on occasion because they will pull around get
priced out of some homes.
Speaker 1 (22:32):
That's why we keep saying, if you qualify, now get it.
Speaker 2 (22:36):
I had several people go, ah, you know, what's your
price range on two fifty? But I'm waiting for the
rate to come down. Well, are you going to wait
for the house to be worked to eighty two before
the rate gets low enough or you know, And they
don't look at it that way. They're just thinking about
what the payment is now, not figuring in appreciation now
the things that come into play as far as property
ownership is concerned, and that's what we want to try
(22:57):
to teach people and educate them on. When they come
in here and do loans with it, you know, this
is this is where you're at, This is what should happen.
Speaker 1 (23:03):
This is what we can do.
Speaker 2 (23:05):
You know, if you keep your bills paid on time,
you keep your job, or you change jobs.
Speaker 1 (23:08):
And you know, we you know, we're not just flying
by the seat of our fence.
Speaker 2 (23:10):
But we can put a plan together that will benefit
the buyer not only now, but as things moving the
forward and things change in their life. We can refinance
and do all kinds of things. And a lot of
people don't realize that. And I don't know why, but
that's what we're here to do. And would you say absolutely,
you know, we've said this for years. We've never seen
(23:33):
any of you know, mortgages are one of the biggest
decisions you make in your life. And it's and you
don't get exposed to at any level during the educational
process that I'm aware of, So you know, always I
would have had mortgage one on one when I was
in college. But I don't think we do. I mean,
it's just I don't understand why we're not promoting the
(23:55):
biggest purchase of your life, balance in your check book,
understanding a credit card, you know how to clean, how
to do laundry, all of those things that they used
having homemack and different things when we were growing up.
Speaker 1 (24:07):
They taken out of the school system.
Speaker 2 (24:08):
They don't have time for them or they don't want
them in there because they want to be able to
dictate to you, in my opinion, on how you want
to do things. And then people go out here, they don't.
They spend more money than they got. I mean, we're
at the highest debt level ever. We appreciate you listening
to us this weekend. As always, we've got our regulars
out there and we appreciate it. Some of them will
check in, let us know how we're doing, what's going on.
Speaker 1 (24:26):
We give us a call.
Speaker 2 (24:27):
We're over to day from eight nine, from nine to
one for numbers eight nine, nine one to nine.
Speaker 1 (24:31):
Three six South and drives two six three three three
three five.
Speaker 2 (24:34):
You can hear so you can call it five point
seventy five on them. Great and term refinance right now
on a fifteen years, so give us a call on that.
We got twenty thousand dollars down payment assistance. It's forgiveable.
Give us a call on that. We'll try to put
that together for it's the first time home by our program.
Get out and watch the game tonight and enjoy the
Cats play Arkansas. We'll be back next Saturday. We appreciate
(24:54):
you tuning into us once again over day.
Speaker 1 (24:56):
From nine to one.
Speaker 2 (24:56):
Give us a call eight five nine eight nine nine
one nine three six t Adams, I'm Larry Frank. You've
been listening Welcome Home Show by Guardian saviges Bank on
news Radio six thirty w l ad go Cash
Can you help me baby, man of bed, We don't
relect it.
Speaker 2 (00:06):
Tend your Listen to Welcome Home Show by Guardian Davis Bank.
Come Larry Freaks, Tim Adams with us here this morning.
Glad you tuned into US banks open a day from
nine to one numbers eighty five nine eight nine nine
one nine three six. Here in Hamburg over on South
and Drive, it's eighty five nine two six three three
three three five. So if you can hear.
Speaker 1 (00:26):
Us, you can call us.
Speaker 2 (00:27):
Be glad to help us whatever your needs are. First off,
I want to say, if you hear this message and
you can get a hold of us in time, we
have a fifteen year rate special going on right now
for a rate and term refinance that's five point seven
five percent. That's a below market quote on any conventional
loans that we can do right now. It's the specialist
being offered. By the time you hear this, hopefully they're
(00:51):
still going on. I mean it's you know, obviously the
weekend and things are going to change, but it's five
point seven five percent on a fifteen year fixed regular
closing and those things. The closing costs are going to
be adjusted on equity and loan. You know, credit scores
on and so forth. But the rate's going to be
right where, you know, as good as we've seen it.
At a minute, it was it was this lower lower,
(01:13):
you know, in like October or something, you know, in
this fall that the bond market everything else hasn't really
played in our favor and the rates have been a
little out of whack. The ten year bond is what
dictates these rates. But it's five point seventy five on
a fifteen year fixed rate and term refinance, not a
cash out refinance or anything else, just to rate and
term refinance. So if you have an interest in trying
(01:34):
to reduce something redo your mortgage and you're above five
and zero point seventy five, give us a call eight
five nine, eight nine nine one nine three six. We'll
take a look at it, see what's going on, see
if we can put something together for you.
Speaker 1 (01:47):
Another great program.
Speaker 2 (01:48):
And Tim, I tell you, you know, the excite and
my phone's been ringing off the hook, and I know
you've been busy too, So it's kind of like after
a couple of Mondays ago, just like a change of administrations,
a change of mindset for a lot of people. I mean,
people are excited to get back in the business and
get some stuff going on. I'm just like, I don't
know if everybody didn't trust that things were going to
happen and by the inauguration day, but everything's just so
(02:10):
stagnant for a little bit. We were getting few loans here,
a few loans there, and thankful to have them. But
I've probably got three or four times more phone calls
now daily than I've had in a long time.
Speaker 1 (02:20):
And I'm excited about it.
Speaker 2 (02:21):
I mean, people are, you know, moving and shaking and
trying to get stuff done. And as we move forward,
hopefully it will continue that way. And I don't think
that it's anything one way or the other. Everybody just
kind of on the fence for a minute, you know,
just trying to see what's gonna happen next, wait for
the next shoot to fall, and and you know, we're
we're we're seeing some we're seeing some traction out here.
(02:42):
And I appreciate, you know the fact that people are
excited again and so on and so forth. Well, you know,
you open the show every Saturday with good morning Lexington,
but we want to say good morning little our Louisville
branches is over over overwhelmed us with business up there,
and that's more proud that we're to serve the little
(03:03):
area now and really we're Central Kentucky.
Speaker 1 (03:06):
But but Larry, you're right. And when we heard the
news that this.
Speaker 2 (03:11):
Year's Welcome Home funds, yeah, this week we are on
to you to twenty thousand dollars to first time buyers.
That'll make you bend an air. Yeah, yeah, we got
the welcome home program. It's down payment assistance program, and
I'm glad you brought up. We'll talk about it as
much as we can, but it's twenty thousand dollars forgivable
down payment assistance, and we only have a certain number
(03:33):
of those that we can do. And if it's something
that you are considering or something that you can use,
or we've talked about trying to get in a home
and you were trying to get your clothing costs together,
figuring out your down payment and so on and so forth,
we've got twenty thousand dollars forgivable funds. We can we
turn in the application on Marsh's second take three or
four weeks to get it done, but to get it
and use it pro rated, it shows as a second
(03:54):
mortgage on your home. You don't have to pay anything
on it. But if you stay in the home five years,
it's forgiven. If you're moving three and a half years,
they're going to you're gonna have to pay something out
when you sell your home. But it's just one of
those things that you can take advantage of and move
into a home ownership with less financial burden and or
quicker than what you thought. If you're on a saving
scenario or what have you to be able to pull
(04:16):
it off.
Speaker 1 (04:17):
So give us a.
Speaker 2 (04:18):
Call eight five nine eight nine nine nine three six.
We've got to get an application from you. We've got
to get everything in that we need to qualify you.
We'll put all the information in, get you on the list,
and we have thirty of those loans that we can do,
and I think we've already got five of them put
in the pipeline right now, Lexington. And it's thirty loans
(04:39):
as a entirety for guarding. It's not just thirty loans
for Lexington. So if you can use twenty grand free money,
you know, get after it. Give us a call, let
us take care of you, let us put something together.
I got a phone call just at the end of
the week. Talk to this girl early this fall. Great kid,
been working their butt off, got a good job, all
these things are falling into place, and said, hey, hey,
(05:00):
we got this twenty thousand dollars down payment assistance program
and it's just gonna it's gonna fit perfect for her.
And you know, she'd be just waiting for a least
to kind of wind down and some other things to
come into play. And I'm super excited about that. But uh, yeah,
that's a great deal. But you just got to give
us a call. And you can call the South and
branch as well. Entering over there, Jamie, Alex Jim, they
have the same thing. Eight five nine two six three
(05:22):
three three three five here at Hamburg eight five nine
eight nine nine one nine three six And we still
have the kg C program and we have the down
payment assistance with that. And I've had several calls this
week the government's shutting all this stuff down. We're gonna
fund those loans we got in the pipeline. That ain't
what he's doing, all right. We've not heard anything about
any program shutdowns. We've not heard anything about defunding the
(05:44):
kg SEA loans or any of that stuff.
Speaker 1 (05:46):
They're doing some you know, studying.
Speaker 2 (05:48):
On where all the money's going that's in budgeted and
so on and so forth for the past years, is
from what I understand, And they have stopped some funding
on stuff that's going overseas for things if they're not
going to back up or support. But they've not shut
down Medicare. They're not done shut down so security or
Medicaid or any of those things that you might hear
out here. But the KHC and the government loans at
this point are still moving forward. So don't sit on
(06:10):
the fence, don't get nervous. Make sure you call an
ass which I'm thankful that the people didn't call and say, hey,
you know what's going on. I heard this and I
heard that, I said, well yeah, First I was shocked
because I.
Speaker 1 (06:20):
Was like, I didn't. I was like, really, if you read.
Speaker 2 (06:23):
The stuff that's out there versus listening to what people
want you to hear, you can kind of figure it
out on yourself. And it's like pinking. I were telling
you got money going out of your house and your
injury or your energy bills are going up, and you're like, man,
my energy bills are going up. What do I need
to do? What the first thing you do is check
all the windows. Their back windows open, and money's flowing
out because of the heat. You're paying to try to
take care of your home, and you're throwing money out
(06:44):
the window. That's kind of what they're trying to stop.
They're going to evaluate where all the money's going in
various areas, some of these loan programs as on. We're
going to continue to move forward at this point. Now
moving forward, they might make some changes, and I hope
they do. Honestly, I'm tired of these delivery fees on
these mortgage loans.
Speaker 1 (06:59):
I want to know where that money's going.
Speaker 2 (07:00):
I want to see what's going on with it, because
it's why are you penalized every time you do something
with your home, with your mind and this? And you
got eight hundred credit scores? So I you know, I'm
ready for them to investigate some of these things and
see what's going on.
Speaker 1 (07:12):
Tim, aren't you? Absolutely? And Uh it works for all
of us.
Speaker 2 (07:16):
I think it's their judiciary duty to make sure that
the money's going where it needs to be. Yeah, Transparency,
I mean, let's just let's get some checks and balances
in here. They're not trying to strangle anybody or cut
anybody's funds off. I mean, you know, let's take care
of the things we need to take care of. But
I think there was two billion dollars going to you know,
certain organization that they don't want to be a part of,
and money going to different countries where we don't even
(07:37):
have an embassy, you know. And all this money's allotted
all these different places taxpayer money. They keep saying, federally funded,
federally funded. Really, who's the federal funded? So it's uh,
I just let them, let them get their stuff done.
But these programs are gonna continue to move forward. We're
gonna work on it. Just don't panic. I just hate
it because I feel bad for the fear and the
(07:58):
anxiety of people that are so closed to getting their
home bought, and they're calling in a state of panic.
Speaker 1 (08:03):
It's really misinformation.
Speaker 2 (08:04):
It is the other thing we've got going on, Tim,
and I don't want to forget about this is Cat's
played a night at nine. You know, we got all
this other crazy stuff going on. I'm glad the phone's ringing,
and I just want people to, you know, if there's
an issue with any loans that we had or anybody
else has, you'll be notified immediately. But I just hate
the fear and the anxiety, and I just it just
caught me off guard.
Speaker 1 (08:25):
I just don't jump to conclusions well right, and I
just you know, I felt bad.
Speaker 2 (08:29):
I was just like, really, I said, I haven't heard
anything like that, you know, I just I knew kind
of what they were doing and how they were doing
it because I like to read on it and just
you know, just do your homework and give me a call.
Speaker 1 (08:39):
I'm glad they did. I think they'll. I got a
call last night, like a nine.
Speaker 2 (08:41):
Thirty or nine forty five, you know, when they were
catching wind of it somehow. But it's just not what
you think it is. And there's you know, just pay.
People are going to spend how they want, but just
give us call. Everything's good on this end at this point.
Ain't saying and changes won't be made, and like I said,
I hope some of them are with delivery fees and
some of the other stuff.
Speaker 1 (08:58):
And then but part.
Speaker 2 (09:00):
About it is I love the cat game against TENNESSEEE.
Speaker 1 (09:03):
Now coming back tonight.
Speaker 2 (09:04):
R Haldau was it was quite gratifying. For them to
come off the loss, to go down to Tennessee and
Old Rocky Top and go down there and take the
balls down.
Speaker 1 (09:14):
That was fun.
Speaker 2 (09:15):
Yeah, And I think they were shorter player, and you know,
it was really is fun to watch. I mean, you know,
they're not gonna win every game, but they're obviously, but
they're they're going to be competitive, but they're fun to
watch and I like to see real coaching.
Speaker 1 (09:27):
And but that's tonight at nine.
Speaker 2 (09:28):
Pregame will be about six thirty, so stay stay tuned
for that. We'll talk about some other stuff.
Speaker 1 (09:32):
We got to the NFL.
Speaker 2 (09:35):
Super Bowl sotailgate pregame tailgate after that South Carolina game. Yeah,
next Saturday, we'll talk about that a little bit.
Speaker 1 (09:42):
And Super Bowls a week away. Yeah.
Speaker 2 (09:44):
We've got our five point seventy five on a fifteen
year rate and term refinance.
Speaker 1 (09:48):
We've still got our.
Speaker 2 (09:49):
KHC money, USDA FHA, We've got the twenty thousand dollars
down payment assistant. We got all kinds of good stuff
to be happy for and to be thankful for and
take advantage of. So just give us call eight five
nine eight nine nine nine three six. We'll get all
these things together and keep everything moving forward. But you know,
like I say that, I've had a ton of calls
(10:10):
this week. I can see that people are excited. There's
a lot of things going on.
Speaker 1 (10:12):
I know that.
Speaker 2 (10:14):
Housing sales were down by five and a half percent
in December. Some of those numbers are coming back. There's
different numbers coming in. And just keep in mind, folks,
the lower these rates go with, the more competition you're
going to have when you get out there and get
in this home buying market. So get what you can
afford now, marry the home and date the loan. You
don't have to keep whatever you've got, But if we
can get you in it now and you can get
(10:35):
what you want, you know, they're not making any more land.
You should be able to keep your you know, equity
growing with your payment each month.
Speaker 1 (10:43):
And you know, I think we're just in a good
place in central Kentucky, and Tim, you can testify to that.
The values just you know, don't seem to get beat
up too bad aro out here.
Speaker 2 (10:50):
Well, we just want to go over the fact that
if rates come down, home prices will probably go up.
So don't if you're if you find that dream home,
don't let the rate, Like he said, don't where You're
not marrying that loan. You just want the home of
your dreams, and then we can work out options to
refinance down the road with our closing costs. The five
point seventy five on a fifteen year fix, when you
(11:12):
talk about the cost to you, you're basically just paying
our administrative costs, including appraisal, the title exam, and that's
the closing agent to sit down with you and close
your loan and then record the new mortgage at the
courthouse the way it's lawfully meant to be, so there
is not there's no extra there's no hidden fees. You're
just going to pay for those services. And it usually
(11:33):
it's about nine hundred dollars now to do a rate
and term refinance five point seventy five on a fifteen
year fix. And uh, that's just the best rates we've
seen so far. Yeah, I think it's nine fifty eight
excluding any s grow something in that that rest grows.
That's just straight closing costs. You can wave s grows
(11:54):
for property taxes and insurance and handle that on your own.
If you've got a twenty percent equity position, right, if
you've got a twenty percent acat other than that, they're
going to require you to escrow. But the closing costs
for rate and term refinance, with all of the information
that coming into play, there should be around nine hundred
and fifty eight bucks. So and that's not I mean,
that's our praise on all of it. So you're gonna
have Oh, they can't do it for that. You know,
(12:14):
we've heard that for how many seventeen years. I think
I had my seventeen anniversary here at Guardian here last
week or earlier this week. So by the time you
hear it, But keep that in mind, just let us
let us take a look at it. So what we
can do, that's the main thing. Eight five nine, eight nine,
nine one nine three six South and Drives eight five
nine two six three three three three five. Call about
the down payment assistance, call about the fifteen year rate
(12:36):
and term refive. Just give us an opportunity so if
we can save you some money, that's what we're here
to do.
Speaker 1 (12:41):
Hey, we're going to take a break.
Speaker 2 (12:42):
You are listening to Welcome Home Show by Guardian Savings Bank,
and we're opening today from nine to one. We're doing
the show right out of Hamburg today. So if you
want to give us a call eight five nine, eight
nine nine one nine three six once again South One's
eight five nine two six three eight three three three five.
We're gonna be right back here. Listen Welcome Home Show
by Guardian Savings Bank on news Radio Chex thirty w
lap coming right back here back. Listen to Welcome Home
(13:04):
Show by Guardian Savites Bank. Tim Adams, Larry Frank's in
here this Thurday morning. We'd glad to have you tuned
into US. Bank is open a day from nine to
one on numbers eight five, nine, eight nine, nine one
nine three six. Southland Drive is eight five nine two
six three three three three five. So if you can
hear as you can call, be glad to take a
look at whatever it is that you have going on.
(13:25):
Real estate wise, can't do any note loans, boat loans
or anything like that, but we can help you with
any real estate lending that you can require or might
want it. We've got adjustable rate products and Tim I'll
tell you something we've been doing a lot of is
bridge loans, and that bridge loan is a handy component
to have in your pocket if you're out house shopping.
(13:46):
What it does is it allows you to take advantage
of the equity from the current home that you have
in advance of halving to sell it, and the bridge
loan will allow you to make an offer on a
home that will not be on a contingency. It gives
you the time and the freedom to be able to
get another home bought. And I just worked on one
this week with somebody love about a million and that
just a little over a million dollars.
Speaker 1 (14:08):
But they had them, got two of them going the other.
But anyway, the one they.
Speaker 2 (14:12):
Were their house is free and clear, and they had
another house they were going to buy. The guy I
didn't want to on a contingency, so we did a
bridge loan. They can put that thing together. They get
their new house bought, do whatever they want to eat,
move in when they get their house empty, do all
the things they want to do to address it up,
get it to the.
Speaker 1 (14:30):
Best possible.
Speaker 2 (14:32):
Appearance that they can to get the most out of it,
and then they can market it. When they sell that
house that's free and clear, they can come back and
then pay down the balance on the loan to an
amount that's required or to a payment range that they're
comfortable with, and then then we recast the note to
a lower payment, and then we keep an eye on it.
Speaker 1 (14:51):
We get a chance.
Speaker 2 (14:52):
Guess what, tim for nine hundred and fifty eight bucks.
We'll refinance it when we need to. But it's just
an opportunity for them to be able to get a
home with that happened to sell had to worry about
sellingers without having something committed.
Speaker 1 (15:02):
To buy.
Speaker 2 (15:05):
Something loos on cum my other loan. They're just so
happened to be enough equity tim between the two properties
of what they were buying and what they currently owned
in their equity position. So not only are we going
to do a bridge loan together, they're going to take
enough money from the equity that they have and consolidate
some bills. If you're heard of such a thing. They
had enough money to get the other house bought, get
(15:26):
everything taken care of it, and they're gonna have some cash
out to be able to liquidate some bills.
Speaker 1 (15:31):
And when they say, well, and they're going to.
Speaker 2 (15:32):
Have money left over to do whatever they want to
do to each house, you know what, take it all,
get it all, do it all, and they don't have
to wait on a contingency contract for them to sell
their current residents do all those things. So we're gonna
do all of it form and when they sell their
current residents, once they get moved out, do all the
stuff they want to do to make it marketable and
being able to sell it, then that's what's going to happen.
(15:53):
They'll move forward with it and we'll pay our balance
down and go from there. But I thought that was
a pretty clever deal for them to be able to
liquidate four or five extra bills that they were carrying
for a little bit not too off of much debt.
But it was something that worked out, you know, And
they were kind of they were like, well, I didn't
know we could do that. I said, well, you're just
taking advance on your ec what do you just don't
(16:14):
have to use all of it for the purchase of
your home. Thank goodness, We'll just you know, we can
do some other stuff with it. And I think the
closing cost on the bridge loan for but between both
of them, excluding nestcros was about two grand. Both of
those loans is about two grand. One was a little
over one point one million, and the other one was
eight seventy two two thousand dollars in closing costs.
Speaker 1 (16:34):
Are you kidding me? Shop around and see where you're
going to beat that out. Okay, you know anybody else
could compete with that, tim, I don't myself.
Speaker 2 (16:42):
No, I don't either, But I just think it's a
fantastic avenue to take if you're thinking about buying a
home and you don't want to risk putting yours on
the market because you know it's going to be a
hot commodity and losing you know, old place to sleep
when you don't have a contract on a new home,
especially right now, when you know that in all likelihood
you will have the opportunity to refinance to a lower
(17:03):
rate off of our Bridge loan, which is the rate
fixed for a year, and then just after twelve months,
if you're still on it, it's just going to adjust.
But you're waiting for that opportunity to cling on to
a nice thirty year fixed rate and you won't have
to do anything ever again. So you're one or two transactions.
Speaker 1 (17:20):
Is this may be your you know, the last home
you buy. I don't know, yep.
Speaker 2 (17:24):
But there's options and we know that you can stay
in house or you can opt out and take a
solid thirty year rate once you sell your current home.
Speaker 1 (17:35):
Yea.
Speaker 2 (17:35):
And what I want to reiterate is is I don't
care what anybody's you know, trying to tell you right now.
I know that personally that the phone calls and the
traction we're getting on interest in homes and people buying
is four or five times more than what it has
been in the last six eight weeks. And we were
getting along here getting alone there closed to twenty five
or thirty loans a month in here. But I can
see already that you know, this business is getting ready
(17:58):
to pick up. Rates are still not much differ than
what they were six or eight weeks ago, but everybody
just kind of a standstill, mainly because of the holidays.
Speaker 1 (18:05):
You know.
Speaker 2 (18:05):
I got to throw that out there, I said earlier.
I thought the people were just kind of waiting to
see what happened with the inauguration and stuff.
Speaker 1 (18:10):
But it wasn't until you know, it's this past week.
Speaker 2 (18:14):
I mean, I'm getting calls from from eight o'clock at
night till ten to thirty or eleven o'clock at night,
and I'll take them. I mentioned how I'll make a living,
and I appreciate it, and I'm just glad that the
excitement and people are stirring around again waiting to you know,
they've been waiting long enough to see what they're gonna
be able to do. But hey, we're going to take
another break. You are listened to Welcome Home Show by
Guardian Savages Bank and we're open today from nine to one.
(18:34):
Give us a call eight five nine, eight nine nine
one nine three six Southland Drives eight five nine two
six three three three three five, So if you can hear.
Speaker 1 (18:41):
As you can call us.
Speaker 2 (18:43):
You are listened to Welcome Home Show by Guardian Savies
Bank on News Radio six.
Speaker 1 (18:47):
Thirty w LAP. We'll be wrapped back your.
Speaker 2 (18:51):
Bank lists to Welcome Home Show by Guardian Saves Bank.
Lady phrase ten mans in here with you this Saturday morning.
We're glad to have you tuned into us. Bank is
open to day from nine to one. One number is
eight five nine, eight nine nine one nine three six
South and Drive eight five nine two six three three
three three five, So if you can hear, you can
call us. Open a day from nine to one. We've
(19:12):
got five point seventy five on a rate and term refinance.
I think we're six percent on Kentucky housing first time
home by a program with ten thousand dollars down payment assistance.
Speaker 1 (19:22):
We've got other down payment.
Speaker 2 (19:23):
Assistance programs that are out here for you that are
with the Federal Home Loan Bank called the Welcome Home programs.
Speaker 1 (19:30):
We're the Welcome Home Show.
Speaker 2 (19:31):
We got Welcome Home funds available, tim, So that's twenty
thousand dollars a forgivable money. So give us a call
and say if we can help you use that and
utilize it to help you buy a home. Just work
with us on it. I know, Rachel, not as low
as some people would like them to be. But the
longer you wait for the rates to come down to high,
the cost of the home is going to be get
what you can qualify for. Now, you can always refinance,
(19:54):
marry the home, date the loan, so you'll keep that
in mine. And I was looking at some of the
economic news it's come out this week ten and they're
finally starting to get some readings on things. And we
mentioned it earlier, five point five percent pending home sales
on existing home sales was down five and a half
percent in December, and that's a huge number. Seeing any
(20:15):
cooling off of the housing market. Bonds have tried to
use this morning's news, which was on lately late this week,
but they keep getting knocked back. So the ten yure
bonds what dictates these rates, and these people are watching
and listening to the news and if they can get
real information they could go from there. They were talking
about jobless came claims. The fourth quarter GDP was released.
(20:36):
Bonds lost pricing several times during the press conference. They
recovered back. There's a two point three percent gaining on
the GDP, which was worse than the two points which
was worse than the two point six expected and worse
than three point one reading from quarter to three. Jobless
claim for down sixteen thousand to two hundred and seven
thousand last week, but the previous week's continuing claims was
(20:58):
revised higher to one point nine million.
Speaker 1 (21:01):
First time we've seen that nine handle on three years.
Speaker 2 (21:04):
So what you have is ten these numbers come out
and then they'll reevaluate it and we're finally getting that
forever we didn't see the adjusted figures, you know, they
just pop it.
Speaker 1 (21:14):
Out there and then there would be a knee jerk reaction.
We just have to deal with it.
Speaker 2 (21:17):
But now they're getting some little more clarity on what
these numbers mean.
Speaker 1 (21:20):
But let me ask you a question.
Speaker 2 (21:21):
Say that I've been on the unemployment for my fifty
two weeks, if that's what I'm allowed, and then the
you know, in the thirteenth month of it, I'm not
getting unemployment anymore. Does that mean that I've got a
job or does that just mean I'm off the radar.
Speaker 1 (21:33):
You're off the radar.
Speaker 2 (21:34):
So that's what gets me about some of these numbers,
and I think that that's exactly what happens a lot
of times here. You got people that are no longer
drawing unemployment, so they're off the radar, but doesn't mean
that they have a job. And you know, if you
look into those types of things, you can kind of see,
you know, what's going on.
Speaker 1 (21:49):
So I don't know exactly what's going to happen.
Speaker 2 (21:51):
I do think that we're going to get enough good
information in guidance moving forward that rates are going to
start to trend down and be more favorable. I think
that's one of the goals of the administration, is getting
this housing market going and getting rates down. And I
don't know if it's going to be quantity of easy.
I don't know exactly what the means they're going to
use to do it, but there's something that's going to happen,
(22:12):
and I think it's going to benefit us all with
lower rates, lower closing, you know, lower which means more
closings and more purchases because more people are going to qualify.
But that also means more people competing for the same
home when they hit the market.
Speaker 1 (22:26):
Good for the sellers, bad for.
Speaker 2 (22:27):
The buyers on occasion because they will pull around get
priced out of some homes.
Speaker 1 (22:32):
That's why we keep saying, if you qualify, now get it.
Speaker 2 (22:36):
I had several people go, ah, you know, what's your
price range on two fifty? But I'm waiting for the
rate to come down. Well, are you going to wait
for the house to be worked to eighty two before
the rate gets low enough or you know, And they
don't look at it that way. They're just thinking about
what the payment is now, not figuring in appreciation now
the things that come into play as far as property
ownership is concerned, and that's what we want to try
(22:57):
to teach people and educate them on. When they come
in here and do loans with it, you know, this
is this is where you're at, This is what should happen.
Speaker 1 (23:03):
This is what we can do.
Speaker 2 (23:05):
You know, if you keep your bills paid on time,
you keep your job, or you change jobs.
Speaker 1 (23:08):
And you know, we you know, we're not just flying
by the seat of our fence.
Speaker 2 (23:10):
But we can put a plan together that will benefit
the buyer not only now, but as things moving the
forward and things change in their life. We can refinance
and do all kinds of things. And a lot of
people don't realize that. And I don't know why, but
that's what we're here to do. And would you say absolutely,
you know, we've said this for years. We've never seen
(23:33):
any of you know, mortgages are one of the biggest
decisions you make in your life. And it's and you
don't get exposed to at any level during the educational
process that I'm aware of, So you know, always I
would have had mortgage one on one when I was
in college. But I don't think we do. I mean,
it's just I don't understand why we're not promoting the
(23:55):
biggest purchase of your life, balance in your check book,
understanding a credit card, you know how to clean, how
to do laundry, all of those things that they used
having homemack and different things when we were growing up.
Speaker 1 (24:07):
They taken out of the school system.
Speaker 2 (24:08):
They don't have time for them or they don't want
them in there because they want to be able to
dictate to you, in my opinion, on how you want
to do things. And then people go out here, they don't.
They spend more money than they got. I mean, we're
at the highest debt level ever. We appreciate you listening
to us this weekend. As always, we've got our regulars
out there and we appreciate it. Some of them will
check in, let us know how we're doing, what's going on.
Speaker 1 (24:26):
We give us a call.
Speaker 2 (24:27):
We're over to day from eight nine, from nine to
one for numbers eight nine, nine one to nine.
Speaker 1 (24:31):
Three six South and drives two six three three three
three five.
Speaker 2 (24:34):
You can hear so you can call it five point
seventy five on them. Great and term refinance right now
on a fifteen years, so give us a call on that.
We got twenty thousand dollars down payment assistance. It's forgiveable.
Give us a call on that. We'll try to put
that together for it's the first time home by our program.
Get out and watch the game tonight and enjoy the
Cats play Arkansas. We'll be back next Saturday. We appreciate
(24:54):
you tuning into us once again over day.
Speaker 1 (24:56):
From nine to one.
Speaker 2 (24:56):
Give us a call eight five nine eight nine nine
one nine three six t Adams, I'm Larry Frank. You've
been listening Welcome Home Show by Guardian saviges Bank on
news Radio six thirty w l ad go Cash
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