Episode Transcript
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Speaker 2 (00:05):
Good morning.
Speaker 1 (00:06):
Lets you tend your list of Welcome home show by
Guardian Save His Bank, Larry Freaks, Tim Adams in here
with you this Valentine weekend, President's Day weekend. We got
all kinds of holidays going on here, so we're glad
to have you tuned into us. Bank is opening a
day from nine to one. Phone there was eighty five
nine eight nine nine one nine three six South and
Drives eight five nine two six three three three three five.
(00:28):
So if you can hear you can call us. Be
glad to talk to you about some of our loan programs.
Tim phone's been picking up, get some loans, clothes and
good stuff going on, and and uh, you know, just
I could feel it, you know, just I just couldn't
put my finger on. We've talked about it. If it
was just the holidays and everybody's just milling around, that
seems like, you know, excitements really picking back up. People
(00:49):
are getting back into buying, shopping and looking for homes,
and you know they ain't making any more land. So
you gotta go get something going, find out what you're
qualified for, give us a call and let us help
you get that thing done.
Speaker 2 (01:01):
We got some first time home by our programs.
Speaker 1 (01:03):
We had our twenty thousand dollars forgivable loans, we only
had what we'll.
Speaker 2 (01:07):
Have twenty or thirty. Of those thirty thirty men, they're already.
Speaker 1 (01:10):
Twenty six thousand, they're claimed and so they didn't last long.
We didn't think they would. But we're glad to have
everybody that applied for those to be able to help
them out. And if any more money comes available, stay tuned.
If there's anything else that changes some of these fall out,
you know, we'll get you on the tarmacs. Tim calls
(01:30):
it the case we need to take off. And so
even though that the turnstiles are full of loan loans
for it, you know, or the request for it, doesn't
you know, not off, all the houses not not paying out.
Something else could change, so you know, we can put
you in line just in case.
Speaker 2 (01:48):
Just give us a call. Eight five nine, eight nine, nine,
one nine three six.
Speaker 1 (01:53):
Once again open to day from nine to one, So
just give us a call and we'll see if we
can put something together for you. Mortgage rates or finally
starting to trickle back down a little bit, Tim, we've
had six points seven five on a rate and term
refinance recently and can't do cash out or anything. It's
got to be a rate and term refinance and there's
(02:13):
nothing wrong with that. We're six and a quarter on
a fifteen year, I believe, and it seems that the
bond market's kind of working its way around to work
can be in our favor. The ten year bonds what
dictates these rates. So we try to put something together
for if you just give us a.
Speaker 2 (02:28):
Call eight five nine eight nine nine one nine three
six once again south and drive eight five nine two six.
Speaker 1 (02:34):
Three three three three five So if you can hear,
she can call us. So khc us d A f
h A. We've got down payment assistance forgivable some of
it depending on where you're buying, we might have some.
Speaker 2 (02:50):
Uh.
Speaker 1 (02:50):
It just just depends on the circumstances of it, the
type of loan you're doing. But we're we're we're glad
to have the phone ringing and getting This year started
off with the and a little bit of business folume
to keep flowing, and we've been we've been business.
Speaker 2 (03:04):
I was going to look and see what the applications
were this month. What do you get in your pipepline?
Speaker 1 (03:10):
What do you got going on well, getting phones ranging
again for a purchase business. Obviously, spring brings about that
most of the time in an any given year.
Speaker 2 (03:18):
And so we're in the six is on some.
Speaker 1 (03:22):
Like fifteen year twenty year where it the seven percent
roughly on a thirty year fixed. But we're selling the
premise of closing calls and possibly refinancing, you know, six months.
Speaker 2 (03:33):
Down the road.
Speaker 1 (03:35):
Uh, you know, the indicators this week or you know,
the Federal Reserve is kind of dug in their heels again,
and that means that they're not going to really change
anything as far as mortgage interest rates, it seems, because
they can move the needle if they really wanted to,
but they chosen not to because there was up to
point oerd point two tick up in inflation. But then
(03:57):
yesterday and some of the numbers came came out, well,
well Friday, some numbers came out that retail sales from
January showed a decrease of zero point nine percent, and
that was way worse than the zero point one percent
drop expected and it's the biggest dropping activity in two years.
The core was also down zero point eight percent, below
(04:19):
an estimate of zero point three so that made the
pricing on ten year bonds better yesterday from zoos that
came out than the news today they're a little bit better.
So the ten year yield is falling suit again and
it's dropped from four point six to four to four
point four to five, Tim, And I know that you
(04:40):
watched that thing like a hawk. In the last two days.
Rates have been improved as well. The most of bigger
gains are in the lower rates, so our par rates
have improved on price, but we haven't dropped just yet
all the way across the board. So we just got
some resistance in line. As far as the economy looks
at things in the way, these people that are buying
(05:00):
and trading on the market, you know, handled these things.
Speaker 2 (05:03):
But you know, I had to give to some point.
But you're right.
Speaker 1 (05:08):
The Feds were kind of dug in saying, hey, you
know this inflationary figures. You know, we thought we might
be wrong, but you know, we've gone too long. But
maybe we waited too late, but who knows. I mean,
but speaking of spending, spending might have been down, but
I read an article this week that fourteen point six
billion dollars is spent on Valentine oh, we're really on
(05:30):
Valentine's Day? Well, how much did you spend on your
wife and mom?
Speaker 2 (05:34):
Uh?
Speaker 1 (05:35):
Well we're we had a frugal Valentine's Day, So all right,
but on our across the country, obviously.
Speaker 2 (05:43):
Love is a good sales tool.
Speaker 1 (05:45):
Was did it come out of that USAI defund? I
remember the kid Tim talking about I've seen all it,
watching this stuff on the news. And obviously you and
I paid taxes. We want to make sure money's being
spent on proper things. But I and when my dad
was still a wive, and you probably the eighties and
them talking about hammers costing seventeen or eighteen or twenty dollars,
(06:06):
or if the government bought a hammer from somebody, that's
what it was.
Speaker 2 (06:09):
So this ain't anything. It ain't new to anybody.
Speaker 1 (06:11):
It's just nobody's ever wanted to really get in do
any accounting of it, right, And I always did wonder
how could somebody make an one hundred and fifty five
thousand dollars year after four or five years be worth
twenty thirty million dollars? And so you know, I hope
that they can find some stuff out And I don't
care who's who's who, what party? I give you if
you if you got it, man, I just but I'm
(06:32):
broad wasting corruption, and it's fraud wasting corruption.
Speaker 2 (06:36):
And you can say it's not you know, I don't know,
it's overreach, don't but I don't agree that it's an overreach.
Speaker 1 (06:44):
And I hope they're I don't think that they're The
intention is what most people here, uh is that you know,
they're just they're cutting everything out. What they're doing is
just stopping in time to let's look at what we're
doing and figure out what we can keep. And there
was a group protesting this week in the Capitol and
they're protesting a fund that's already been restored, right, and
(07:07):
they're like, you need to read the news because those funds,
you know, protesting because they you got the money, We
got your money. They were trying to say that it
was cutting off social Security. People weren't gonna be.
Speaker 2 (07:15):
That never was. They ain't a freezer of Bob Rush.
Speaker 1 (07:18):
Yeah, well they well they want to stir up people,
scare them, you know, I want to scare people. Oh
look how bad these guys are doing. But we need
an audit. We have to have an audit. You and
I go through audits. This MAINT goes through audits on
a regular basis. They want to know how the agent,
what the age of every person we do alone, for
their ethnicity. They want to know, you know, obviously, the income,
the neighborhood, the zip code, the taxes. I mean they,
(07:39):
I mean they audited us upside down and backwards, just
short of a blood time and to make sure that
everything's right. And you know what, I want to throw
my hat and you ring again. Start looking at the
delivery fees. I'm sick of these delivery fees on these loans.
Many we know why they started, you know, but I'm
going to ask doge. I'm saying, I want to find
out where these delivery fees for Fanny and Freddie were going.
(07:59):
They first started to pay back the taxpayer money. Then
it was built into the Obama health care program. We
know that, and then they increased them again this year.
And what's the money supposed to be going for. They
tell us, it's to have money in a fund to
help people that can ford to my home. It's supposed
to help you kind of fill the gap a little bit.
But man, people that own homes are getting penalizes for
doing anything, and I want to know where they're going.
Speaker 2 (08:22):
I must say, hey, what's these fees for? Where they going?
They don't have a clue. And then you know what
I heard that they were doing. They I heard it on.
Speaker 1 (08:30):
Uh was one of the judicial hearings. And I can't
remember what her name was. It was Max Walters or
whatever that some person on or Max and some ladies,
some from California, and she was like, and we just
want to know get to the bottom of what hold
the fees that these lenders are charging these barroowers. This
is uncalled for. And the guy said, you're the one
(08:51):
to put them in place. Yeah, you know they think
the banks are gouging these people. And it's that they
put the standard in place for Fanny and Freddy mack
on credit score, loan to value home equity line. I mean,
everything that's feed up. I want to find out what
that's about. We do why it started. You know, this
was an issue with the voters and one of them
was an inflationary concerns and mortgage rates was right up there.
(09:16):
And then what top five of the top concerns amongst
the voters. So to me, they voted you know, to
present agenda to the Federal Reserve to lower mortgage rates
for Americans. And so we'll see how long that's going
to take. But I do think we'll see a revelation
in the mortgage industry with lower rates. I think we'll
(09:37):
ever see what we saw back in the two thousand
or during COVID. And you know, all during that time
when we saw those record low mortgage rates and it
got kind of accustomed to them, and Buck, you said,
maybe they went with the low interest rates too long
and should have been a gradual thing.
Speaker 2 (09:55):
And yeah, here we are. You and I were looking
at everything, and we we kept our finger.
Speaker 1 (10:01):
On the pulse of this thing because we could give
good advice at that point. Hey, hang on, I think
the rates are gonna come down. Hey I think we
need lock the red. I think they're going to go
about ninety five percent of the time, we'd be right,
and we could get good financial advice to pay attention
to colony, watching the news for looking to the indicators. And
we've been doing this for a minute, probably a hundred
years experience between us, if we had to tell the truth,
but anyway, you know, it was just and then the
(10:24):
people at here A Stern. I didn't hear him saying
nothing when they want everybody pout their student loan. Didn't
you hear them step up hull or about that?
Speaker 2 (10:30):
No? I didn't either.
Speaker 1 (10:31):
So, I mean, I believe somebody said they couldn't do it,
but they was gonna do it anyway.
Speaker 2 (10:35):
Do you hear anything about that?
Speaker 1 (10:36):
Well, yes, we heard about some of the government entities
that kept shipping out money after they were told them
not that Resa. They're not working in there anymore. So,
I mean, I'm just glad that it's going on. But
people were excited. I mean, most of all, most people.
You got to be able to justify what's going on.
I don't WANTNY programs being cut off. It's gonna cut
(10:57):
they're trying to say it's gonna cut off food. These schools,
they ain't many. What kind of income comes to an
apartment bag culture? Don't get yourself in an uproar. I
heard all them crazy rumors about I spent over some
little elementary school or some kind and pick kids out
of that day happened either, So just listen, get find
out what's going on. All these things are happening so
quick and so fast and so swift. But you know
where we built schools and where Afghanistan and where the
(11:20):
money went to Afghanistan to build schools, and then we
gave the money to a regime that doesn't believe in
the in the full rights for women, and so we
spent millions and millions of dollars to enrich Afghanistan.
Speaker 2 (11:35):
Women to go to school. Guess what do these tools
weren't ever built?
Speaker 1 (11:40):
Do you know how much money has been sent to
Hamas since October seventh of last year? That's right, a
lot of money spend center and it's all going to
come out there make you said all us, you know whatever, Okay,
we're all right, but hey, Larry, there's a.
Speaker 2 (11:53):
Good news out here though.
Speaker 1 (11:54):
Rach are coming down because stuff's starting to be We're
starting to see what's going on.
Speaker 2 (11:58):
I was able to go down.
Speaker 1 (11:59):
And fridaynize with our friends at the Kentucky NFL Hall
of Fame Football down at the Hilton over this slots.
We'll talk about that and we're gonna break coming. Let's
talk about that a little bit. Was there a good turnout?
Speaker 2 (12:12):
Then?
Speaker 1 (12:12):
Well, right, a good turnout and of course so they've
we're going to join forces again this year at our
golf outing at the Real To Community Housing Foundation.
Speaker 2 (12:20):
So we'll talk about that too. We're gonna take our
first break.
Speaker 1 (12:23):
You are list of Welcome Home Show open a day
from nine to one here Guardian Savings Bank for numbers
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, she can call us.
Your listen Walk Home Show by Guardian Save Your Bank
on news Radio right here on news Radio six thirty
w Then to be right, he're back. Listen to Welcome
(12:46):
Home Show by Guardian Savings Bank.
Speaker 2 (12:48):
There he breaks him.
Speaker 1 (12:49):
Man, it's been here with you. Saturday morning. Banks open
from nine to one pH numbers eight five, nine, eight nine,
nine one nine three six.
Speaker 2 (12:57):
So if you can hear, she can call us.
Speaker 1 (12:58):
We talk a little bit about the rates and tim
before we wind done that first session, you were talking
a little bit about this past weekend. You went down
to the NFL Kentucky NFL Hall of Fame Super Bowl
tailgate party.
Speaker 2 (13:11):
What how was that? What a good? Like? Great? Now?
It was great? I very much enjoyed it.
Speaker 1 (13:16):
They had a panel of players and then they went
over the new then the class of twenty twenty four.
Speaker 2 (13:24):
I guess who will go nominated.
Speaker 1 (13:26):
I want to remember that Mark Logan, he spoke and
Jason Dunn. I'd have to go back to the drawing
board on that one. I don't heard that was all
of them, but it was. They all had their stories
to tell and that was kind of, you know, all
interesting stories. Of course, Mark Logan is a local Lexington
University of Kentucky to the NFL, so is there a
(13:51):
long line of Kentucky players have contributed to the success
of the NFL and apolled these guys, Frankie Minifields and
Dave Freeley. They kind of keep this keep the group
you know, together, and keep it functioning. And part of
their mission is to help foster foster care, which is
(14:12):
so valuable well today and a lot of what people
don't know as yet, I think some of the criteria
to get in and and Kentucky's the only the only
other state other than Canton. We're Ohio open Canton that
has a Hall of Fame. To recognize people, they don't
have to be from Kentucky that's had to have played
most A lot of the people are from Kentucky and played.
(14:32):
But a lot of the people that are in there
as well came to Kentucky from other places and played
and did their college career here and then went on
to the NFL and played five years.
Speaker 2 (14:41):
Did certain things goose criteria to just get into this
Hall of Fame? It's not.
Speaker 1 (14:45):
You know, it goes back a long time, and they
got some good rules and some good stuff. So there
is a good purpose and some good meeting and good
direction on who gets in who gets out.
Speaker 2 (14:52):
It's not just a free for all.
Speaker 1 (14:53):
And I think that that lends to the integrity of
the whole program together. But you know, the moral of
the story of the ten then you just nailed it
is is that people are they're giving back to Foster
Care and so on and so forth, and that way
to me NFL players to be involved in something that
gives back.
Speaker 2 (15:13):
You're correct.
Speaker 1 (15:14):
I enjoyed the Super Bowl. I was on this point
that it was kind of over a little too soon. Yeah, yeah,
in some ways, Uh, super Bowl.
Speaker 2 (15:23):
It was one of the most watched Super Bowls in history.
Speaker 1 (15:26):
Yeah, it was a you know, heck, being from Kansas
City and growing up in that area and then you know,
I tell you the thing that's made me more of
a football fan and and really pay attention to all
the teams. It's fantasy football because I'm cheering for people.
I'm cheering for the each team to score in some
games on the my guys have played each other, you know.
I remember in Kansas City when they had fifteen twenty
(15:46):
thousand fans in the state of what anybody around, and
they were awful and then they, you know, finally get going.
And Mahomes just had a big deal with that. And
I think he got hurt Luring game, took a hit,
you know, landed on the turf, hit his hit. That's
I don't know, that's as bad as I've ever seen
him play. I don't think they find him moving forward. Yeah,
there's people out here saying, oh, he got beat so bad.
You know, this was the crushing of a dynasty. Uh
(16:07):
but would his offensive line let him down?
Speaker 2 (16:09):
Well, you know, and the uh and.
Speaker 1 (16:11):
And Philly was just they came in, they just they
just they took the first punch and didn't let off.
They came in, they made their presence felt, and can
just had kans City down their hills the whole time.
So it's you know, they play the game for a reason,
they keep the scorer for a reason. And you know what,
Philadelphia one, congratulations. They'll burn a lot of stuff down
and in celebration of it. I don't care if they
(16:33):
win or lose, always burning something. And but you know,
we'll be back next year and all the teams will
be back, I hope. Since the Goos back, I think that,
you know, Washington's got a good team, but like Green Bay,
you know, there's just a lot of these teams are
they do have the league set up to whether you
know you're gonna have some you know, it's hard to
have the dynasty that that Kansas City has had going
(16:56):
for the last you know, with with Reid being out there,
and it just and I love the sport and probably
watch it more than anything that in college basketball. And uh,
you know it was the game is over early, and
and I guess I was glad that I was cooking
during halftime, you know, getting some stuff, you know, put together.
But to some people are like I like that showing
(17:17):
some people I couldn't understand a word about it. So
I really haven't seen a whole lot about the halftime show.
But I've heard all kinds of you know, commentary on it,
but I was doing some uh Buffalo chicken dick kind
of getting it tuned up there a little bit with
some ritz crackers, you know, in a cold, cold butter
light and just checking over my bed, Tim.
Speaker 2 (17:36):
You and I. I think we scored a little money
on the boxes, didn't we? We did.
Speaker 1 (17:39):
We got lucky in the old historical squares game. It's
always a fun party game.
Speaker 2 (17:45):
Do we need to audit that? Yeah?
Speaker 1 (17:48):
But uh, you know what what clinched it for us
was back to back touchdowns with both of them with
two point conversions.
Speaker 2 (17:54):
Yes, took it to twenty two and that was the
magic number one. Yea too, it was one.
Speaker 1 (18:00):
So congratulations, Billy and I just don't notice that we
probably know one of the guys that was just inducted.
And I think you named Jim Diopolis. Oh yeah, the
old NFL duffer reach Jim Deallphis is a good dude.
Speaker 2 (18:11):
Ben.
Speaker 1 (18:11):
Hey, we're gonna take another break. You're listen to Welcome
Home Show by Guardian Savings Bank on today from nine
to one on Umber's eight five nine, eight nine nine
one nine three six South and Drive eight five nine
two sixty three three three three fives.
Speaker 2 (18:22):
If you can hear, she can call us.
Speaker 1 (18:24):
You've been listened to Welcome Home Show by Guardian Savings
Bank on News Radio six thirty.
Speaker 2 (18:27):
Over on the Wildcats w Lap. We'll be right back.
You're back.
Speaker 1 (18:34):
Listen to Welcome Home Show by Guardian Savings Bank. Larry Freaks,
Tim Adams in here this Saturday morning. We're glad to
have you tuned into us. The bank is open today
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
(18:54):
you can hear, she can call us. Be glad to
talk to you about some of the mortgage programs we've got,
and you know rates are coming down. We're six seventy
five on a rate and term refinance on a thirty year.
We're six and a quarter on a fifteen Our KHC
first Time Home Buyer loan program is six percent. When
(19:15):
there's a ten thousand dollars down payment assistance program. If
you qualify for it, you can use it, So keep
that in mind if you're in the market of trying
to buy a new home in your first time home buyer.
We'd love to see if we can help you with
that or some income restrictions, but just depends on where
you're buying. Top of lover do on how we can
use these down payment assistance programs right now. But the
(19:35):
main thing is you got to give us a call.
Let's put something together for you. And that's eight five
nine eight nine nine three six.
Speaker 2 (19:42):
You were going to do an fy today.
Speaker 1 (19:46):
When you talk about loan limit loan limits, Freddie Mac
fixed the loan limit is eight hundred and six thousand,
five hundred dollars is the maximum loan amount. But we
have a golden opportunity for you to get to borrow
more than that with our in house money, right, Larry, Absolutely,
(20:08):
And you, I mean you're the one that I didn't realize.
I mean I've got I've done some big construction those
I've done some meat or loan not very often, but
they've got you know.
Speaker 2 (20:17):
The single family.
Speaker 1 (20:19):
Maximum value now, Freddy macloan limits one family fixed rate
loan can be eight hundred and six thousand, five hundred dollars.
A duplex can be a million, thirty two dollars and
six fifty A three family dwelling if you want to
buy it, one live in one part of it, rent
the other threes a million, two forty eight, one fifty
and the four family dwelling is one zero point five
(20:42):
million dollars. And those are all you can get fixed
rate loans on those that the other programs for you're
talking about might entail bigger loan amounts than that, right,
Abut with twenty percent down right, yeah, twenty percent equity positions,
mortgage insurances. But I have heard that we would possibly
consider done eight oh six y five and then maybe
(21:03):
a small second and go up to eighty five, you know,
on two separate loans.
Speaker 2 (21:11):
Uh.
Speaker 1 (21:12):
That's word on the street that we can go above
eighty percent if we do a first and a simultaneous second, right,
and that you know, that's going to be one of
those things that, you know, the cost of homes. I
was talking with you know, builder yesterday and working with
and he's got some people buying, and we were talking about,
(21:34):
you know, how high rates have been in our lifetime.
And you know, we've sitt in here and talked about
it with Woody eighteen twenty percent and we were just
cracking up, going, yeah, but the houses were twenty five
or thirty thousand dollars. You know thirsd starter homes maybe
in the fifties, back in the time when that's rate
for that high. So you really can't compare apples d
apples with what rates are now. Because of the attrition
and the value of homes not making any more land,
(21:56):
so on and.
Speaker 2 (21:57):
So forth, pits. You know, rates are going to come down.
Speaker 1 (22:00):
And I said all the time, marry the home, date
the loan, get in, get it bought. The lower these
rates go, the more competition you're going to have. Buy
and I can promise it. Get in, get what you
can qualify for. Excuse me, we don't have any pre
payment penalties. So if you come in and buy a
house and it's at six eight seven five today and
in September that rates down to six, we'll do it again.
(22:22):
And then in April after that, if he gets down
to five, we'll do it again.
Speaker 2 (22:26):
And I think once we get to a point, you.
Speaker 1 (22:28):
Know, depending on what you know, heard me complain about
the delivery fees, that probably O don't know if I'll
ever go away or not, but I would like to
look at trim. But he would dine one hundred and
fifty eight bucks at what it would cost for a
refinance right now with twenty five percent equity position on
a fixed rate.
Speaker 2 (22:44):
Correct.
Speaker 1 (22:45):
I think it's nine to fifty eight twenty five percent,
And then you know, that's just one of those things
for you to keep in mind. You do not have
to keep that, you know, loan forever. Here's here's a
rate special. So we got tim and I hadn't even
paid attention to the it came out today.
Speaker 2 (23:03):
I didn't.
Speaker 1 (23:04):
It's had hell, the fifteen year fix for a rate
and term refinances five point seventy five, not six and
a quarter five point seven five rate and term refinance
can't pwenty cash.
Speaker 2 (23:15):
That's a fifteen year fix.
Speaker 1 (23:18):
Single family residents only seven twenty credit score minimal eighty
percent or less. No delivery fees. We're just talking about
the delivery fees. So listen, folks, if you want to
get on something today, rate and term refinance fifteen years,
five point seventy five, there's no delivery fees, which means
(23:40):
it's going to be the nine to fifty eight, not
including any s crows, eighty percent loan of value, loan
amount up to eight hundred and six thousand, five hundred.
Speaker 2 (23:51):
Mark that down. Yep. Share that with your friends.
Speaker 1 (23:54):
I can't do cash out or anything else at five
point seven five fifteen year fix, no delivery fees, just
our typical closing costs, which are about nine hundred and
fifty eight bucks, not including escrowth.
Speaker 2 (24:03):
So ding ding ding ding ding ding ding ding bing
bing ding dinging.
Speaker 1 (24:07):
D Actually, if you're using our common sense that mortgage
rates will come down, it's very It's been a cyclical
It's been cyclical for years and years and years, and
I truly believe if this administration is going to follow
(24:28):
up on the promises. One of the promises was lower
mortgage interest rates. It was, like I said, it was
up there in the top five on voters' minds. So
if you believe in that, then you've got to believe
in our closing costs.
Speaker 2 (24:45):
It's going to get you to where you want to
be if you're going to be in that home for
the rest of your life. Yep.
Speaker 1 (24:50):
So give us a call and let's talk about your
situation and whether you might be eligible for a refinance
anytime now. But we can put you on our and
we can watch the market for you. Eight five nine
eight nine, nine, one, nine three six once again fifteen
year fixed rates five point seventy five for a single
(25:11):
family residence only seven hundred and seven twenty credit score,
minimum eighty percent loan to value or less, no delivery
fees lower down up to eight hundred and six thousand,
five hundred. So if you got a better deal than that,
and like I said today, let me know, I don't
think you do. If you got a better deal in
Central Kentucky, let me know, I don't think you do.
But eight five nine eight nine nine one nine three six.
(25:34):
If you're going to miss the boat on that, shame
on you. If you dealt with somebody here at guarding
before your rates, are you know, wanting to get something
redone on what you have to get to a fifteen
year five point seventy five. Give them a call if
you want to say, hey, as listened to the radio show,
I want to talk to timber Larry. We'd be glad
to take the call. If I'm not here, they'll send
you to my cell phone number. You can do that
and then we can, you know, go from there. But
(25:57):
just give give us an opportunity to take look at
it and see I didn't I'm sorry I hadn't spoken
about it earlier in.
Speaker 2 (26:03):
The show, but I just was. I was looking through
here at this new maximum loan size for a fixed rate.
Speaker 1 (26:10):
Then it was like right there rates special available, and
then just came out this came out. Let's let's see
we get something done with it. Who's gonna be the
first call in here? For that five point seventy five
to fifteen year fixed no delivery fees nine hundred and
fifty eight dollars to close it, not including your s grows.
That covers the appraisalt title work, credit report.
Speaker 2 (26:32):
Filing.
Speaker 1 (26:33):
Yeah, that does include the fileing, fix everything. Nine hundred
fifty eight bucks.
Speaker 2 (26:36):
All we and you boil that down.
Speaker 1 (26:39):
Those are all our administrative costs that we pay a
third party to execute.
Speaker 2 (26:43):
Those aren't We don't have an in house attorney.
Speaker 1 (26:46):
We use local title attorneys to close our loans, and
so obviously we have to pay them. And appraisers. We
have a list of appraisers, and by gideline we can't
steer toward any appraiser and we have to pay them.
And so those are just costs that we incur because
if somebody decides to get an appraisal and then says, well,
(27:08):
I don't want to do the long we're stuck with
the costs of an appraisal and that that won't go
good on our balance sheet. We lose appraisal, we go
through audits, we go I can't believe they want to
do that.
Speaker 2 (27:23):
Anyway.
Speaker 1 (27:23):
Hey, UK beat Tennessee twice this year. I didn't know
how the game was going to go Tuesday, you know,
when I was, well, you've got to applaud the local,
local kids and hopefully they're hopefully they won't get hopefully
they'll be here for four years.
Speaker 2 (27:38):
I plowed them all.
Speaker 1 (27:39):
I mean, those guys are out there giving it their best.
You know, like I said, I've said it many times.
We went from the one and dones with Califari that
were seventeen eighteen year old trying to get to the NBA,
and this year the Pope's got a bunch of one
and dons that are trying to fight for another day
of playing. And there's a little bit of difference in that.
But they're playing Texas to night at eight o'clock. Pregame
will be at five thirty. It's gonna be another good game.
It's going to be a tough one to try to
(28:00):
reel in there. You can look at the losses filling
up in the SEC. Auburn seems to be kind of
running away with it. They are loaded and there's there's
set so they'll have to catch a few breaks and
you can count on when the NCAA tournament comes on,
they gonna be knocking each other out. And about around
eight maybe sixteen where we're SEC is gonna be playing
the SEC team, so they can knock each other out and.
Speaker 2 (28:20):
Get some new blood into the you know, into the mix.
So it's tough.
Speaker 1 (28:25):
It's tough the SEC with all this quality talent. And
it's the same in every sport. Baseball, basketball, women's basketball
tomorrow night or tomorrow afternoon Sunday at two pm at
Memorial Colisee in Versus, Georgia.
Speaker 2 (28:37):
If you get a chance to go see the women play,
go do that.
Speaker 1 (28:41):
Baseball teams down in Nashville this weekend playing Lipskim.
Speaker 2 (28:44):
I mean, they're a quality team and.
Speaker 1 (28:47):
They're just you know, there's a lot of good, you know,
good sports here in the in the area with the
with the college and the Waden softball team, you know,
I mean, you just can't you know everything.
Speaker 2 (28:59):
Everybody's solid all way across the board.
Speaker 1 (29:01):
So anyhow, got uk to night at eight o'clock, pregame
at five thirty.
Speaker 2 (29:05):
Stay tuned for that.
Speaker 1 (29:08):
Women's basketball tomorrow night two o'clock Memorial Coliseum and they
versus Georgia and our Kentucky Lady Cat Softball is playing
at a tournament down for Florida. They're down there in
the Paradise whatever it is down there. I don't know
if they're a Disney or but yeah, they're down there
playing and that's a lot of good teams down there,
(29:28):
matching up and seeing where they stand. My buddy brought
his team from Michigan last weekend in Ai. Their ranked
six in the country and Cumberland's third in the country.
They opened up their season playing each other and Cumberland
won two out of three from them. But the Ronnie
brought his team down from Madonna out of Michigan up there,
and they came down and man, looked at the box
(29:49):
scores and stuff. I went to a concert this past Saturday, Tim,
That's why I missed that NFL thing, And I went
to see.
Speaker 2 (29:55):
Billy Joel and Sting. Oh wow.
Speaker 1 (29:57):
Up in Indianapolis at the Lucas Ol Arena. I guess
is what it is the piano man, Yeah, and man,
we had a great time. We walked our butts off,
but you know, it was a great show. And I
fooled around up there. I mean there they got pothole
patrol up there. They on the job. I'm telling you what,
(30:19):
it's rough driving. But in Indianapolis, nice clean town. People
are friendly. We had a great time at the show,
and you know, just Indy's pretty cool place to hang out.
Speaker 2 (30:30):
But that's kind of on the buck list.
Speaker 1 (30:31):
I saw Stinglings with the police back in theday, but
he came out played, did a great job. Billy Joel
came out banging around. So if you get a chance
to go see that, do that. Get chanced to get
out and see some live music at all this weekend
and visit some places. There's so much talent around here.
I got in three or four my buddies or over
in England right now and about doing about ten or
twelve shows over there, Lance Rogers and Daniel Caine, Hunter Flynn,
(30:56):
they got Greg Adams chaperon them from over to Twist
the Court.
Speaker 2 (31:00):
What about that?
Speaker 1 (31:02):
Now we're gonna take another break of you our listen
and Welcome Home Show Banks open to day from nine
to one. Phone numbers eight five, nine, eight, nine, nine,
one nine three six Southland Drives eight five nine two
six three three three three five. You can hear what
you can call us here. Listen Welcome Home Show by
Guardian Sabes Bank on News Radio six thirty w We'll
(31:22):
be right back.
Speaker 2 (31:24):
You're back.
Speaker 1 (31:25):
Listen to Welcome Home Show by Guardian Sabbies Bank, Hem Adams,
Larry Frank's in here this Saturday morning. We're glad to
have you tuned in to us. I hope everybody's having
a good holiday weekend. Valentine Day, yesh Day. I hope
everybody had a good time. You got President's Day Monday,
so hope everybody gets to enjoy a little bit of
time there. So we'll still be working whill. If you
(31:45):
want to call us on Monday, give us a call.
Eight eight nine nine one nine three six.
Speaker 2 (31:52):
We'll be right here. You can give us a.
Speaker 1 (31:53):
Call and I'm telling you five point seventy five fifteen
year fixed, no delivery fees, eighty percent loan to value.
Speaker 2 (31:59):
Seven twenty minimum credit score. If you want to do.
Speaker 1 (32:01):
Some rate saving and some time saving. Give us a
call eight five nine eight nine nine one nine Tree sixto.
I want to get that rate special for it's gone,
Tim or Larry, And guess what, We'll take an application
and put it together for him and if everything fits right,
from what I understand is the total closing costs on
it excluding escrows should be nine hundred and fifty eight
(32:23):
bucks somewhere around there. So pre paid interest yeah, well yeah,
escros a pre paid entry James. But it's talks about
it all. The main thing is you're in nine fifty eight,
so if you're saving you know, twelve years worth of payments,
do math. If you're saving them two hundred dollars a
month and payments, do the math. Takes you just a
few months to break even a nine hundred and fifty
(32:45):
eight bump. And while the way I look at it, Larry,
at closing, let's say if you close on the fifteenth
of a month, you're going to pay the prepaid interest
for fifteen days for that month, and then guess what,
no payment at all for the following full month. So
really you get your money back, and in my eyes,
in the right off the bat. I talked to a
lady this week, a client of ours does a lot
(33:07):
around the scene. We've had to Ricachet and some other stuff.
But you know, people, you know we have that recast option.
You just went through it with somebody And I'm doing
some math with with somebody here this week and we
got to talk about that recast and just kicking around
some different ideas and the recently somebody had a recast
(33:29):
where they did a principal balance reduction, and I went
back and did the math and the money went from
sixty one thousand dollars in interest at eighteen thousand dollars
in interest with that eighteen thousand dollars principal balance reduction.
Of course, now they got to rate a three and
a half percent, you know what I mean. But I
mean it was just incredible. And I was like, if
(33:50):
you leave your payment the same, if you keep paying
the same payments, you are versus what you're going to
recast and be seen as you.
Speaker 2 (33:56):
Know, this is how much it's going to save you.
Well it was.
Speaker 1 (33:59):
It was thousands and thousands of dollars and ten they're
in another bank out here offering a recast one hundred dollars.
And that's just where you come into a principal bound
production of more than ten thousand dollars.
Speaker 2 (34:08):
And you can get your payment really recalculation based on
the lower loan amount. Yep.
Speaker 1 (34:13):
And what I have found that unfortunately a lot of
consumers don't understand the amortization. And when my buyer came
in to look at, you know, the payoff on the loan,
and he sold his other house and that's a luxury
to be able to do the blanket long like that,
(34:34):
using your current home to buy the new one. But
he just couldn't believe when I showed what part of
his payment had been going to interest. That's just that
we don't make that stuff up. It's a it's a
a fathatical equation. It's very simple that you know there's
going to be what seventy seventy percent of the payment's
(34:57):
going to interest him. And so payment was I think
somewhere around five thousand dollars and he only had a month,
but only about five hundred was going to principal. Yeah,
and he just couldn't that just you know, blew away.
I said, But what you got to do is that's
what you file with the irs every year is attacked
uptible expense, Yeah, taxes and mortgage payments, interests anyway, exactly exactly,
(35:25):
And it's you know a lot of people you know.
Speaker 2 (35:28):
Like I say, as these.
Speaker 1 (35:29):
Rates go down, the competition for what you want to
buy is going up. If you can get out and
get something now, there's going to be maybe a few
less people to qualify at six point eight seventy five
or the six percent if you do KC. But when
those rates start going down, you got more people shopping.
So you're just going to start and the value of properties.
I'm just working working on a construction loon yesterday went
(35:51):
out and viewed the property and everything, and I'm very
familiar with the neighborhood. And I was telling my client.
Speaker 2 (35:58):
He's like, man, I'm probably gonna.
Speaker 1 (36:00):
Have the littlest house in the neighbor I said, no,
I only I wouldn't worry about that. I said, you're
making money and you't even broke ground yet. He's in
one of the marriags, you know what I'm saying, where
they're gonna He's I'm super proud of the spotty picked.
He got a great builder and he's going to do
very well, and of course you know.
Speaker 2 (36:14):
It's that you can't.
Speaker 1 (36:15):
It's expensive to build a home right now, Tim, I
think this is you know, only only nine hundred and
you know, And he was like, yeah, you know, and
people hindside twenty twenty should have done it then should
it do? Blah blah blah. Weall it is what it
is now. But I said, dude, you're making money is
that thing? You ain't even broke ground yet?
Speaker 2 (36:32):
And you know, what do you mean?
Speaker 1 (36:33):
I said, they're not making any more loan there might
not make any more land. Keep moving forward, so you know,
it's a great opportunity to get out. Consider some stuff.
But just a five point seventy five rate and term refinance,
fifteen year fixed, eighty percent loan to value, no delivery fees,
seven twenty minimum credit score, married the home date, the loan. Baby,
(36:55):
Come on in here, let us get something done. Or
do a purchase in house. Use one or three year fixed.
That doesn't mean you can't refinance within the one year
or the three years, and.
Speaker 2 (37:06):
The closing costs are nine hundred and fifty eight dollars.
That's exactly right. Or a purchase, Ladies and gentlemen, yep, Yep,
that's exactly right.
Speaker 1 (37:14):
Well, we hope you enjoyed the show today. Rates are
getting better. Don't forget about our government loan programs, US,
DAK C, FHA, BA, Get out, take a walk today
because it's fifty two today and fifty two tomorrow, and
then we go back in the deep freeze. Larry, Yeah,
I know, gets some fresh air today. It's coming and
because you're gonna be back in the cabin. I can't
(37:35):
two months in a row now, my electric billk you's
been hiring a s been in my life.
Speaker 2 (37:39):
I know what's going to say. Did you go read
out or something? Did you get it?
Speaker 1 (37:42):
Oh, we'll talk about it next week. I had a
neighborhood meeting about it. We hope everybody had a good
Valentine's enjoyed the President's Day on Monday. It's a great
day for our president this Monday. I'm excited about to
have a little time to celebrate. Anyway, we hope you've
enjoyed the show. Banks Over Day for nine to one
pH numbers eight five nine eight six South and drives
eight five nine two six three three three three five.
(38:03):
If you can hear us, you can call us. You've
been listening Welcome Home Show by Guardian Savings Bank.
Speaker 2 (38:08):
On news radio Check thirty. W LAP be back next Saturday.
As right
Good morning.
Speaker 1 (00:06):
Lets you tend your list of Welcome home show by
Guardian Save His Bank, Larry Freaks, Tim Adams in here
with you this Valentine weekend, President's Day weekend. We got
all kinds of holidays going on here, so we're glad
to have you tuned into us. Bank is opening a
day from nine to one. Phone there was eighty five
nine eight nine nine one nine three six South and
Drives eight five nine two six three three three three five.
(00:28):
So if you can hear you can call us. Be
glad to talk to you about some of our loan programs.
Tim phone's been picking up, get some loans, clothes and
good stuff going on, and and uh, you know, just
I could feel it, you know, just I just couldn't
put my finger on. We've talked about it. If it
was just the holidays and everybody's just milling around, that
seems like, you know, excitements really picking back up. People
(00:49):
are getting back into buying, shopping and looking for homes,
and you know they ain't making any more land. So
you gotta go get something going, find out what you're
qualified for, give us a call and let us help
you get that thing done.
Speaker 2 (01:01):
We got some first time home by our programs.
Speaker 1 (01:03):
We had our twenty thousand dollars forgivable loans, we only
had what we'll.
Speaker 2 (01:07):
Have twenty or thirty. Of those thirty thirty men, they're already.
Speaker 1 (01:10):
Twenty six thousand, they're claimed and so they didn't last long.
We didn't think they would. But we're glad to have
everybody that applied for those to be able to help
them out. And if any more money comes available, stay tuned.
If there's anything else that changes some of these fall out,
you know, we'll get you on the tarmacs. Tim calls
(01:30):
it the case we need to take off. And so
even though that the turnstiles are full of loan loans
for it, you know, or the request for it, doesn't
you know, not off, all the houses not not paying out.
Something else could change, so you know, we can put
you in line just in case.
Speaker 2 (01:48):
Just give us a call. Eight five nine, eight nine, nine,
one nine three six.
Speaker 1 (01:53):
Once again open to day from nine to one, So
just give us a call and we'll see if we
can put something together for you. Mortgage rates or finally
starting to trickle back down a little bit, Tim, we've
had six points seven five on a rate and term
refinance recently and can't do cash out or anything. It's
got to be a rate and term refinance and there's
(02:13):
nothing wrong with that. We're six and a quarter on
a fifteen year, I believe, and it seems that the
bond market's kind of working its way around to work
can be in our favor. The ten year bonds what
dictates these rates. So we try to put something together
for if you just give us a.
Speaker 2 (02:28):
Call eight five nine eight nine nine one nine three
six once again south and drive eight five nine two six.
Speaker 1 (02:34):
Three three three three five So if you can hear,
she can call us. So khc us d A f
h A. We've got down payment assistance forgivable some of
it depending on where you're buying, we might have some.
Speaker 2 (02:50):
Uh.
Speaker 1 (02:50):
It just just depends on the circumstances of it, the
type of loan you're doing. But we're we're we're glad
to have the phone ringing and getting This year started
off with the and a little bit of business folume
to keep flowing, and we've been we've been business.
Speaker 2 (03:04):
I was going to look and see what the applications
were this month. What do you get in your pipepline?
Speaker 1 (03:10):
What do you got going on well, getting phones ranging
again for a purchase business. Obviously, spring brings about that
most of the time in an any given year.
Speaker 2 (03:18):
And so we're in the six is on some.
Speaker 1 (03:22):
Like fifteen year twenty year where it the seven percent
roughly on a thirty year fixed. But we're selling the
premise of closing calls and possibly refinancing, you know, six months.
Speaker 2 (03:33):
Down the road.
Speaker 1 (03:35):
Uh, you know, the indicators this week or you know,
the Federal Reserve is kind of dug in their heels again,
and that means that they're not going to really change
anything as far as mortgage interest rates, it seems, because
they can move the needle if they really wanted to,
but they chosen not to because there was up to
point oerd point two tick up in inflation. But then
(03:57):
yesterday and some of the numbers came came out, well,
well Friday, some numbers came out that retail sales from
January showed a decrease of zero point nine percent, and
that was way worse than the zero point one percent
drop expected and it's the biggest dropping activity in two years.
The core was also down zero point eight percent, below
(04:19):
an estimate of zero point three so that made the
pricing on ten year bonds better yesterday from zoos that
came out than the news today they're a little bit better.
So the ten year yield is falling suit again and
it's dropped from four point six to four to four
point four to five, Tim, And I know that you
(04:40):
watched that thing like a hawk. In the last two days.
Rates have been improved as well. The most of bigger
gains are in the lower rates, so our par rates
have improved on price, but we haven't dropped just yet
all the way across the board. So we just got
some resistance in line. As far as the economy looks
at things in the way, these people that are buying
(05:00):
and trading on the market, you know, handled these things.
Speaker 2 (05:03):
But you know, I had to give to some point.
But you're right.
Speaker 1 (05:08):
The Feds were kind of dug in saying, hey, you
know this inflationary figures. You know, we thought we might
be wrong, but you know, we've gone too long. But
maybe we waited too late, but who knows. I mean,
but speaking of spending, spending might have been down, but
I read an article this week that fourteen point six
billion dollars is spent on Valentine oh, we're really on
(05:30):
Valentine's Day? Well, how much did you spend on your
wife and mom?
Speaker 2 (05:34):
Uh?
Speaker 1 (05:35):
Well we're we had a frugal Valentine's Day, So all right,
but on our across the country, obviously.
Speaker 2 (05:43):
Love is a good sales tool.
Speaker 1 (05:45):
Was did it come out of that USAI defund? I
remember the kid Tim talking about I've seen all it,
watching this stuff on the news. And obviously you and
I paid taxes. We want to make sure money's being
spent on proper things. But I and when my dad
was still a wive, and you probably the eighties and
them talking about hammers costing seventeen or eighteen or twenty dollars,
(06:06):
or if the government bought a hammer from somebody, that's
what it was.
Speaker 2 (06:09):
So this ain't anything. It ain't new to anybody.
Speaker 1 (06:11):
It's just nobody's ever wanted to really get in do
any accounting of it, right, And I always did wonder
how could somebody make an one hundred and fifty five
thousand dollars year after four or five years be worth
twenty thirty million dollars? And so you know, I hope
that they can find some stuff out And I don't
care who's who's who, what party? I give you if
you if you got it, man, I just but I'm
(06:32):
broad wasting corruption, and it's fraud wasting corruption.
Speaker 2 (06:36):
And you can say it's not you know, I don't know,
it's overreach, don't but I don't agree that it's an overreach.
Speaker 1 (06:44):
And I hope they're I don't think that they're The
intention is what most people here, uh is that you know,
they're just they're cutting everything out. What they're doing is
just stopping in time to let's look at what we're
doing and figure out what we can keep. And there
was a group protesting this week in the Capitol and
they're protesting a fund that's already been restored, right, and
(07:07):
they're like, you need to read the news because those funds,
you know, protesting because they you got the money, We
got your money. They were trying to say that it
was cutting off social Security. People weren't gonna be.
Speaker 2 (07:15):
That never was. They ain't a freezer of Bob Rush.
Speaker 1 (07:18):
Yeah, well they well they want to stir up people,
scare them, you know, I want to scare people. Oh
look how bad these guys are doing. But we need
an audit. We have to have an audit. You and
I go through audits. This MAINT goes through audits on
a regular basis. They want to know how the agent,
what the age of every person we do alone, for
their ethnicity. They want to know, you know, obviously, the income,
the neighborhood, the zip code, the taxes. I mean they,
(07:39):
I mean they audited us upside down and backwards, just
short of a blood time and to make sure that
everything's right. And you know what, I want to throw
my hat and you ring again. Start looking at the
delivery fees. I'm sick of these delivery fees on these loans.
Many we know why they started, you know, but I'm
going to ask doge. I'm saying, I want to find
out where these delivery fees for Fanny and Freddie were going.
(07:59):
They first started to pay back the taxpayer money. Then
it was built into the Obama health care program. We
know that, and then they increased them again this year.
And what's the money supposed to be going for. They
tell us, it's to have money in a fund to
help people that can ford to my home. It's supposed
to help you kind of fill the gap a little bit.
But man, people that own homes are getting penalizes for
doing anything, and I want to know where they're going.
Speaker 2 (08:22):
I must say, hey, what's these fees for? Where they going?
They don't have a clue. And then you know what
I heard that they were doing. They I heard it on.
Speaker 1 (08:30):
Uh was one of the judicial hearings. And I can't
remember what her name was. It was Max Walters or
whatever that some person on or Max and some ladies,
some from California, and she was like, and we just
want to know get to the bottom of what hold
the fees that these lenders are charging these barroowers. This
is uncalled for. And the guy said, you're the one
(08:51):
to put them in place. Yeah, you know they think
the banks are gouging these people. And it's that they
put the standard in place for Fanny and Freddy mack
on credit score, loan to value home equity line. I mean,
everything that's feed up. I want to find out what
that's about. We do why it started. You know, this
was an issue with the voters and one of them
was an inflationary concerns and mortgage rates was right up there.
(09:16):
And then what top five of the top concerns amongst
the voters. So to me, they voted you know, to
present agenda to the Federal Reserve to lower mortgage rates
for Americans. And so we'll see how long that's going
to take. But I do think we'll see a revelation
in the mortgage industry with lower rates. I think we'll
(09:37):
ever see what we saw back in the two thousand
or during COVID. And you know, all during that time
when we saw those record low mortgage rates and it
got kind of accustomed to them, and Buck, you said,
maybe they went with the low interest rates too long
and should have been a gradual thing.
Speaker 2 (09:55):
And yeah, here we are. You and I were looking
at everything, and we we kept our finger.
Speaker 1 (10:01):
On the pulse of this thing because we could give
good advice at that point. Hey, hang on, I think
the rates are gonna come down. Hey I think we
need lock the red. I think they're going to go
about ninety five percent of the time, we'd be right,
and we could get good financial advice to pay attention
to colony, watching the news for looking to the indicators. And
we've been doing this for a minute, probably a hundred
years experience between us, if we had to tell the truth,
but anyway, you know, it was just and then the
(10:24):
people at here A Stern. I didn't hear him saying
nothing when they want everybody pout their student loan. Didn't
you hear them step up hull or about that?
Speaker 2 (10:30):
No? I didn't either.
Speaker 1 (10:31):
So, I mean, I believe somebody said they couldn't do it,
but they was gonna do it anyway.
Speaker 2 (10:35):
Do you hear anything about that?
Speaker 1 (10:36):
Well, yes, we heard about some of the government entities
that kept shipping out money after they were told them
not that Resa. They're not working in there anymore. So,
I mean, I'm just glad that it's going on. But
people were excited. I mean, most of all, most people.
You got to be able to justify what's going on.
I don't WANTNY programs being cut off. It's gonna cut
(10:57):
they're trying to say it's gonna cut off food. These schools,
they ain't many. What kind of income comes to an
apartment bag culture? Don't get yourself in an uproar. I
heard all them crazy rumors about I spent over some
little elementary school or some kind and pick kids out
of that day happened either, So just listen, get find
out what's going on. All these things are happening so
quick and so fast and so swift. But you know
where we built schools and where Afghanistan and where the
(11:20):
money went to Afghanistan to build schools, and then we
gave the money to a regime that doesn't believe in
the in the full rights for women, and so we
spent millions and millions of dollars to enrich Afghanistan.
Speaker 2 (11:35):
Women to go to school. Guess what do these tools
weren't ever built?
Speaker 1 (11:40):
Do you know how much money has been sent to
Hamas since October seventh of last year? That's right, a
lot of money spend center and it's all going to
come out there make you said all us, you know whatever, Okay,
we're all right, but hey, Larry, there's a.
Speaker 2 (11:53):
Good news out here though.
Speaker 1 (11:54):
Rach are coming down because stuff's starting to be We're
starting to see what's going on.
Speaker 2 (11:58):
I was able to go down.
Speaker 1 (11:59):
And fridaynize with our friends at the Kentucky NFL Hall
of Fame Football down at the Hilton over this slots.
We'll talk about that and we're gonna break coming. Let's
talk about that a little bit. Was there a good turnout?
Speaker 2 (12:12):
Then?
Speaker 1 (12:12):
Well, right, a good turnout and of course so they've
we're going to join forces again this year at our
golf outing at the Real To Community Housing Foundation.
Speaker 2 (12:20):
So we'll talk about that too. We're gonna take our
first break.
Speaker 1 (12:23):
You are list of Welcome Home Show open a day
from nine to one here Guardian Savings Bank for numbers
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, she can call us.
Your listen Walk Home Show by Guardian Save Your Bank
on news Radio right here on news Radio six thirty
w Then to be right, he're back. Listen to Welcome
(12:46):
Home Show by Guardian Savings Bank.
Speaker 2 (12:48):
There he breaks him.
Speaker 1 (12:49):
Man, it's been here with you. Saturday morning. Banks open
from nine to one pH numbers eight five, nine, eight nine,
nine one nine three six.
Speaker 2 (12:57):
So if you can hear, she can call us.
Speaker 1 (12:58):
We talk a little bit about the rates and tim
before we wind done that first session, you were talking
a little bit about this past weekend. You went down
to the NFL Kentucky NFL Hall of Fame Super Bowl
tailgate party.
Speaker 2 (13:11):
What how was that? What a good? Like? Great? Now?
It was great? I very much enjoyed it.
Speaker 1 (13:16):
They had a panel of players and then they went
over the new then the class of twenty twenty four.
Speaker 2 (13:24):
I guess who will go nominated.
Speaker 1 (13:26):
I want to remember that Mark Logan, he spoke and
Jason Dunn. I'd have to go back to the drawing
board on that one. I don't heard that was all
of them, but it was. They all had their stories
to tell and that was kind of, you know, all
interesting stories. Of course, Mark Logan is a local Lexington
University of Kentucky to the NFL, so is there a
(13:51):
long line of Kentucky players have contributed to the success
of the NFL and apolled these guys, Frankie Minifields and
Dave Freeley. They kind of keep this keep the group
you know, together, and keep it functioning. And part of
their mission is to help foster foster care, which is
(14:12):
so valuable well today and a lot of what people
don't know as yet, I think some of the criteria
to get in and and Kentucky's the only the only
other state other than Canton. We're Ohio open Canton that
has a Hall of Fame. To recognize people, they don't
have to be from Kentucky that's had to have played
most A lot of the people are from Kentucky and played.
(14:32):
But a lot of the people that are in there
as well came to Kentucky from other places and played
and did their college career here and then went on
to the NFL and played five years.
Speaker 2 (14:41):
Did certain things goose criteria to just get into this
Hall of Fame? It's not.
Speaker 1 (14:45):
You know, it goes back a long time, and they
got some good rules and some good stuff. So there
is a good purpose and some good meeting and good
direction on who gets in who gets out.
Speaker 2 (14:52):
It's not just a free for all.
Speaker 1 (14:53):
And I think that that lends to the integrity of
the whole program together. But you know, the moral of
the story of the ten then you just nailed it
is is that people are they're giving back to Foster
Care and so on and so forth, and that way
to me NFL players to be involved in something that
gives back.
Speaker 2 (15:13):
You're correct.
Speaker 1 (15:14):
I enjoyed the Super Bowl. I was on this point
that it was kind of over a little too soon. Yeah, yeah,
in some ways, Uh, super Bowl.
Speaker 2 (15:23):
It was one of the most watched Super Bowls in history.
Speaker 1 (15:26):
Yeah, it was a you know, heck, being from Kansas
City and growing up in that area and then you know,
I tell you the thing that's made me more of
a football fan and and really pay attention to all
the teams. It's fantasy football because I'm cheering for people.
I'm cheering for the each team to score in some
games on the my guys have played each other, you know.
I remember in Kansas City when they had fifteen twenty
(15:46):
thousand fans in the state of what anybody around, and
they were awful and then they, you know, finally get going.
And Mahomes just had a big deal with that. And
I think he got hurt Luring game, took a hit,
you know, landed on the turf, hit his hit. That's
I don't know, that's as bad as I've ever seen
him play. I don't think they find him moving forward. Yeah,
there's people out here saying, oh, he got beat so bad.
You know, this was the crushing of a dynasty. Uh
(16:07):
but would his offensive line let him down?
Speaker 2 (16:09):
Well, you know, and the uh and.
Speaker 1 (16:11):
And Philly was just they came in, they just they
just they took the first punch and didn't let off.
They came in, they made their presence felt, and can
just had kans City down their hills the whole time.
So it's you know, they play the game for a reason,
they keep the scorer for a reason. And you know what,
Philadelphia one, congratulations. They'll burn a lot of stuff down
and in celebration of it. I don't care if they
(16:33):
win or lose, always burning something. And but you know,
we'll be back next year and all the teams will
be back, I hope. Since the Goos back, I think that,
you know, Washington's got a good team, but like Green Bay,
you know, there's just a lot of these teams are
they do have the league set up to whether you
know you're gonna have some you know, it's hard to
have the dynasty that that Kansas City has had going
(16:56):
for the last you know, with with Reid being out there,
and it just and I love the sport and probably
watch it more than anything that in college basketball. And uh,
you know it was the game is over early, and
and I guess I was glad that I was cooking
during halftime, you know, getting some stuff, you know, put together.
But to some people are like I like that showing
(17:17):
some people I couldn't understand a word about it. So
I really haven't seen a whole lot about the halftime show.
But I've heard all kinds of you know, commentary on it,
but I was doing some uh Buffalo chicken dick kind
of getting it tuned up there a little bit with
some ritz crackers, you know, in a cold, cold butter
light and just checking over my bed, Tim.
Speaker 2 (17:36):
You and I. I think we scored a little money
on the boxes, didn't we? We did.
Speaker 1 (17:39):
We got lucky in the old historical squares game. It's
always a fun party game.
Speaker 2 (17:45):
Do we need to audit that? Yeah?
Speaker 1 (17:48):
But uh, you know what what clinched it for us
was back to back touchdowns with both of them with
two point conversions.
Speaker 2 (17:54):
Yes, took it to twenty two and that was the
magic number one. Yea too, it was one.
Speaker 1 (18:00):
So congratulations, Billy and I just don't notice that we
probably know one of the guys that was just inducted.
And I think you named Jim Diopolis. Oh yeah, the
old NFL duffer reach Jim Deallphis is a good dude.
Speaker 2 (18:11):
Ben.
Speaker 1 (18:11):
Hey, we're gonna take another break. You're listen to Welcome
Home Show by Guardian Savings Bank on today from nine
to one on Umber's eight five nine, eight nine nine
one nine three six South and Drive eight five nine
two sixty three three three three fives.
Speaker 2 (18:22):
If you can hear, she can call us.
Speaker 1 (18:24):
You've been listened to Welcome Home Show by Guardian Savings
Bank on News Radio six thirty.
Speaker 2 (18:27):
Over on the Wildcats w Lap. We'll be right back.
You're back.
Speaker 1 (18:34):
Listen to Welcome Home Show by Guardian Savings Bank. Larry Freaks,
Tim Adams in here this Saturday morning. We're glad to
have you tuned into us. The bank is open today
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
(18:54):
you can hear, she can call us. Be glad to
talk to you about some of the mortgage programs we've got,
and you know rates are coming down. We're six seventy
five on a rate and term refinance on a thirty year.
We're six and a quarter on a fifteen Our KHC
first Time Home Buyer loan program is six percent. When
(19:15):
there's a ten thousand dollars down payment assistance program. If
you qualify for it, you can use it, So keep
that in mind if you're in the market of trying
to buy a new home in your first time home buyer.
We'd love to see if we can help you with
that or some income restrictions, but just depends on where
you're buying. Top of lover do on how we can
use these down payment assistance programs right now. But the
(19:35):
main thing is you got to give us a call.
Let's put something together for you. And that's eight five
nine eight nine nine three six.
Speaker 2 (19:42):
You were going to do an fy today.
Speaker 1 (19:46):
When you talk about loan limit loan limits, Freddie Mac
fixed the loan limit is eight hundred and six thousand,
five hundred dollars is the maximum loan amount. But we
have a golden opportunity for you to get to borrow
more than that with our in house money, right, Larry, Absolutely,
(20:08):
And you, I mean you're the one that I didn't realize.
I mean I've got I've done some big construction those
I've done some meat or loan not very often, but
they've got you know.
Speaker 2 (20:17):
The single family.
Speaker 1 (20:19):
Maximum value now, Freddy macloan limits one family fixed rate
loan can be eight hundred and six thousand, five hundred dollars.
A duplex can be a million, thirty two dollars and
six fifty A three family dwelling if you want to
buy it, one live in one part of it, rent
the other threes a million, two forty eight, one fifty
and the four family dwelling is one zero point five
(20:42):
million dollars. And those are all you can get fixed
rate loans on those that the other programs for you're
talking about might entail bigger loan amounts than that, right,
Abut with twenty percent down right, yeah, twenty percent equity positions,
mortgage insurances. But I have heard that we would possibly
consider done eight oh six y five and then maybe
(21:03):
a small second and go up to eighty five, you know,
on two separate loans.
Speaker 2 (21:11):
Uh.
Speaker 1 (21:12):
That's word on the street that we can go above
eighty percent if we do a first and a simultaneous second, right,
and that you know, that's going to be one of
those things that, you know, the cost of homes. I
was talking with you know, builder yesterday and working with
and he's got some people buying, and we were talking about,
(21:34):
you know, how high rates have been in our lifetime.
And you know, we've sitt in here and talked about
it with Woody eighteen twenty percent and we were just
cracking up, going, yeah, but the houses were twenty five
or thirty thousand dollars. You know thirsd starter homes maybe
in the fifties, back in the time when that's rate
for that high. So you really can't compare apples d
apples with what rates are now. Because of the attrition
and the value of homes not making any more land,
(21:56):
so on and.
Speaker 2 (21:57):
So forth, pits. You know, rates are going to come down.
Speaker 1 (22:00):
And I said all the time, marry the home, date
the loan, get in, get it bought. The lower these
rates go, the more competition you're going to have. Buy
and I can promise it. Get in, get what you
can qualify for. Excuse me, we don't have any pre
payment penalties. So if you come in and buy a
house and it's at six eight seven five today and
in September that rates down to six, we'll do it again.
(22:22):
And then in April after that, if he gets down
to five, we'll do it again.
Speaker 2 (22:26):
And I think once we get to a point, you.
Speaker 1 (22:28):
Know, depending on what you know, heard me complain about
the delivery fees, that probably O don't know if I'll
ever go away or not, but I would like to
look at trim. But he would dine one hundred and
fifty eight bucks at what it would cost for a
refinance right now with twenty five percent equity position on
a fixed rate.
Speaker 2 (22:44):
Correct.
Speaker 1 (22:45):
I think it's nine to fifty eight twenty five percent,
And then you know, that's just one of those things
for you to keep in mind. You do not have
to keep that, you know, loan forever. Here's here's a
rate special. So we got tim and I hadn't even
paid attention to the it came out today.
Speaker 2 (23:03):
I didn't.
Speaker 1 (23:04):
It's had hell, the fifteen year fix for a rate
and term refinances five point seventy five, not six and
a quarter five point seven five rate and term refinance
can't pwenty cash.
Speaker 2 (23:15):
That's a fifteen year fix.
Speaker 1 (23:18):
Single family residents only seven twenty credit score minimal eighty
percent or less. No delivery fees. We're just talking about
the delivery fees. So listen, folks, if you want to
get on something today, rate and term refinance fifteen years,
five point seventy five, there's no delivery fees, which means
(23:40):
it's going to be the nine to fifty eight, not
including any s crows, eighty percent loan of value, loan
amount up to eight hundred and six thousand, five hundred.
Speaker 2 (23:51):
Mark that down. Yep. Share that with your friends.
Speaker 1 (23:54):
I can't do cash out or anything else at five
point seven five fifteen year fix, no delivery fees, just
our typical closing costs, which are about nine hundred and
fifty eight bucks, not including escrowth.
Speaker 2 (24:03):
So ding ding ding ding ding ding ding ding bing
bing ding dinging.
Speaker 1 (24:07):
D Actually, if you're using our common sense that mortgage
rates will come down, it's very It's been a cyclical
It's been cyclical for years and years and years, and
I truly believe if this administration is going to follow
(24:28):
up on the promises. One of the promises was lower
mortgage interest rates. It was, like I said, it was
up there in the top five on voters' minds. So
if you believe in that, then you've got to believe
in our closing costs.
Speaker 2 (24:45):
It's going to get you to where you want to
be if you're going to be in that home for
the rest of your life. Yep.
Speaker 1 (24:50):
So give us a call and let's talk about your
situation and whether you might be eligible for a refinance
anytime now. But we can put you on our and
we can watch the market for you. Eight five nine
eight nine, nine, one, nine three six once again fifteen
year fixed rates five point seventy five for a single
(25:11):
family residence only seven hundred and seven twenty credit score,
minimum eighty percent loan to value or less, no delivery
fees lower down up to eight hundred and six thousand,
five hundred. So if you got a better deal than that,
and like I said today, let me know, I don't
think you do. If you got a better deal in
Central Kentucky, let me know, I don't think you do.
But eight five nine eight nine nine one nine three six.
(25:34):
If you're going to miss the boat on that, shame
on you. If you dealt with somebody here at guarding
before your rates, are you know, wanting to get something
redone on what you have to get to a fifteen
year five point seventy five. Give them a call if
you want to say, hey, as listened to the radio show,
I want to talk to timber Larry. We'd be glad
to take the call. If I'm not here, they'll send
you to my cell phone number. You can do that
and then we can, you know, go from there. But
(25:57):
just give give us an opportunity to take look at
it and see I didn't I'm sorry I hadn't spoken
about it earlier in.
Speaker 2 (26:03):
The show, but I just was. I was looking through
here at this new maximum loan size for a fixed rate.
Speaker 1 (26:10):
Then it was like right there rates special available, and
then just came out this came out. Let's let's see
we get something done with it. Who's gonna be the
first call in here? For that five point seventy five
to fifteen year fixed no delivery fees nine hundred and
fifty eight dollars to close it, not including your s grows.
That covers the appraisalt title work, credit report.
Speaker 2 (26:32):
Filing.
Speaker 1 (26:33):
Yeah, that does include the fileing, fix everything. Nine hundred
fifty eight bucks.
Speaker 2 (26:36):
All we and you boil that down.
Speaker 1 (26:39):
Those are all our administrative costs that we pay a
third party to execute.
Speaker 2 (26:43):
Those aren't We don't have an in house attorney.
Speaker 1 (26:46):
We use local title attorneys to close our loans, and
so obviously we have to pay them. And appraisers. We
have a list of appraisers, and by gideline we can't
steer toward any appraiser and we have to pay them.
And so those are just costs that we incur because
if somebody decides to get an appraisal and then says, well,
(27:08):
I don't want to do the long we're stuck with
the costs of an appraisal and that that won't go
good on our balance sheet. We lose appraisal, we go
through audits, we go I can't believe they want to
do that.
Speaker 2 (27:23):
Anyway.
Speaker 1 (27:23):
Hey, UK beat Tennessee twice this year. I didn't know
how the game was going to go Tuesday, you know,
when I was, well, you've got to applaud the local,
local kids and hopefully they're hopefully they won't get hopefully
they'll be here for four years.
Speaker 2 (27:38):
I plowed them all.
Speaker 1 (27:39):
I mean, those guys are out there giving it their best.
You know, like I said, I've said it many times.
We went from the one and dones with Califari that
were seventeen eighteen year old trying to get to the NBA,
and this year the Pope's got a bunch of one
and dons that are trying to fight for another day
of playing. And there's a little bit of difference in that.
But they're playing Texas to night at eight o'clock. Pregame
will be at five thirty. It's gonna be another good game.
It's going to be a tough one to try to
(28:00):
reel in there. You can look at the losses filling
up in the SEC. Auburn seems to be kind of
running away with it. They are loaded and there's there's
set so they'll have to catch a few breaks and
you can count on when the NCAA tournament comes on,
they gonna be knocking each other out. And about around
eight maybe sixteen where we're SEC is gonna be playing
the SEC team, so they can knock each other out and.
Speaker 2 (28:20):
Get some new blood into the you know, into the mix.
So it's tough.
Speaker 1 (28:25):
It's tough the SEC with all this quality talent. And
it's the same in every sport. Baseball, basketball, women's basketball
tomorrow night or tomorrow afternoon Sunday at two pm at
Memorial Colisee in Versus, Georgia.
Speaker 2 (28:37):
If you get a chance to go see the women play,
go do that.
Speaker 1 (28:41):
Baseball teams down in Nashville this weekend playing Lipskim.
Speaker 2 (28:44):
I mean, they're a quality team and.
Speaker 1 (28:47):
They're just you know, there's a lot of good, you know,
good sports here in the in the area with the
with the college and the Waden softball team, you know,
I mean, you just can't you know everything.
Speaker 2 (28:59):
Everybody's solid all way across the board.
Speaker 1 (29:01):
So anyhow, got uk to night at eight o'clock, pregame
at five thirty.
Speaker 2 (29:05):
Stay tuned for that.
Speaker 1 (29:08):
Women's basketball tomorrow night two o'clock Memorial Coliseum and they
versus Georgia and our Kentucky Lady Cat Softball is playing
at a tournament down for Florida. They're down there in
the Paradise whatever it is down there. I don't know
if they're a Disney or but yeah, they're down there
playing and that's a lot of good teams down there,
(29:28):
matching up and seeing where they stand. My buddy brought
his team from Michigan last weekend in Ai. Their ranked
six in the country and Cumberland's third in the country.
They opened up their season playing each other and Cumberland
won two out of three from them. But the Ronnie
brought his team down from Madonna out of Michigan up there,
and they came down and man, looked at the box
(29:49):
scores and stuff. I went to a concert this past Saturday, Tim,
That's why I missed that NFL thing, And I went
to see.
Speaker 2 (29:55):
Billy Joel and Sting. Oh wow.
Speaker 1 (29:57):
Up in Indianapolis at the Lucas Ol Arena. I guess
is what it is the piano man, Yeah, and man,
we had a great time. We walked our butts off,
but you know, it was a great show. And I
fooled around up there. I mean there they got pothole
patrol up there. They on the job. I'm telling you what,
(30:19):
it's rough driving. But in Indianapolis, nice clean town. People
are friendly. We had a great time at the show,
and you know, just Indy's pretty cool place to hang out.
Speaker 2 (30:30):
But that's kind of on the buck list.
Speaker 1 (30:31):
I saw Stinglings with the police back in theday, but
he came out played, did a great job. Billy Joel
came out banging around. So if you get a chance
to go see that, do that. Get chanced to get
out and see some live music at all this weekend
and visit some places. There's so much talent around here.
I got in three or four my buddies or over
in England right now and about doing about ten or
twelve shows over there, Lance Rogers and Daniel Caine, Hunter Flynn,
(30:56):
they got Greg Adams chaperon them from over to Twist
the Court.
Speaker 2 (31:00):
What about that?
Speaker 1 (31:02):
Now we're gonna take another break of you our listen
and Welcome Home Show Banks open to day from nine
to one. Phone numbers eight five, nine, eight, nine, nine,
one nine three six Southland Drives eight five nine two
six three three three three five. You can hear what
you can call us here. Listen Welcome Home Show by
Guardian Sabes Bank on News Radio six thirty w We'll
(31:22):
be right back.
Speaker 2 (31:24):
You're back.
Speaker 1 (31:25):
Listen to Welcome Home Show by Guardian Sabbies Bank, Hem Adams,
Larry Frank's in here this Saturday morning. We're glad to
have you tuned in to us. I hope everybody's having
a good holiday weekend. Valentine Day, yesh Day. I hope
everybody had a good time. You got President's Day Monday,
so hope everybody gets to enjoy a little bit of
time there. So we'll still be working whill. If you
(31:45):
want to call us on Monday, give us a call.
Eight eight nine nine one nine three six.
Speaker 2 (31:52):
We'll be right here. You can give us a.
Speaker 1 (31:53):
Call and I'm telling you five point seventy five fifteen
year fixed, no delivery fees, eighty percent loan to value.
Speaker 2 (31:59):
Seven twenty minimum credit score. If you want to do.
Speaker 1 (32:01):
Some rate saving and some time saving. Give us a
call eight five nine eight nine nine one nine Tree sixto.
I want to get that rate special for it's gone,
Tim or Larry, And guess what, We'll take an application
and put it together for him and if everything fits right,
from what I understand is the total closing costs on
it excluding escrows should be nine hundred and fifty eight
(32:23):
bucks somewhere around there. So pre paid interest yeah, well yeah,
escros a pre paid entry James. But it's talks about
it all. The main thing is you're in nine fifty eight,
so if you're saving you know, twelve years worth of payments,
do math. If you're saving them two hundred dollars a
month and payments, do the math. Takes you just a
few months to break even a nine hundred and fifty
(32:45):
eight bump. And while the way I look at it, Larry,
at closing, let's say if you close on the fifteenth
of a month, you're going to pay the prepaid interest
for fifteen days for that month, and then guess what,
no payment at all for the following full month. So
really you get your money back, and in my eyes,
in the right off the bat. I talked to a
lady this week, a client of ours does a lot
(33:07):
around the scene. We've had to Ricachet and some other stuff.
But you know, people, you know we have that recast option.
You just went through it with somebody And I'm doing
some math with with somebody here this week and we
got to talk about that recast and just kicking around
some different ideas and the recently somebody had a recast
(33:29):
where they did a principal balance reduction, and I went
back and did the math and the money went from
sixty one thousand dollars in interest at eighteen thousand dollars
in interest with that eighteen thousand dollars principal balance reduction.
Of course, now they got to rate a three and
a half percent, you know what I mean. But I
mean it was just incredible. And I was like, if
(33:50):
you leave your payment the same, if you keep paying
the same payments, you are versus what you're going to
recast and be seen as you.
Speaker 2 (33:56):
Know, this is how much it's going to save you.
Well it was.
Speaker 1 (33:59):
It was thousands and thousands of dollars and ten they're
in another bank out here offering a recast one hundred dollars.
And that's just where you come into a principal bound
production of more than ten thousand dollars.
Speaker 2 (34:08):
And you can get your payment really recalculation based on
the lower loan amount. Yep.
Speaker 1 (34:13):
And what I have found that unfortunately a lot of
consumers don't understand the amortization. And when my buyer came
in to look at, you know, the payoff on the loan,
and he sold his other house and that's a luxury
to be able to do the blanket long like that,
(34:34):
using your current home to buy the new one. But
he just couldn't believe when I showed what part of
his payment had been going to interest. That's just that
we don't make that stuff up. It's a it's a
a fathatical equation. It's very simple that you know there's
going to be what seventy seventy percent of the payment's
(34:57):
going to interest him. And so payment was I think
somewhere around five thousand dollars and he only had a month,
but only about five hundred was going to principal. Yeah,
and he just couldn't that just you know, blew away.
I said, But what you got to do is that's
what you file with the irs every year is attacked
uptible expense, Yeah, taxes and mortgage payments, interests anyway, exactly exactly,
(35:25):
And it's you know a lot of people you know.
Speaker 2 (35:28):
Like I say, as these.
Speaker 1 (35:29):
Rates go down, the competition for what you want to
buy is going up. If you can get out and
get something now, there's going to be maybe a few
less people to qualify at six point eight seventy five
or the six percent if you do KC. But when
those rates start going down, you got more people shopping.
So you're just going to start and the value of properties.
I'm just working working on a construction loon yesterday went
(35:51):
out and viewed the property and everything, and I'm very
familiar with the neighborhood. And I was telling my client.
Speaker 2 (35:58):
He's like, man, I'm probably gonna.
Speaker 1 (36:00):
Have the littlest house in the neighbor I said, no,
I only I wouldn't worry about that. I said, you're
making money and you't even broke ground yet. He's in
one of the marriags, you know what I'm saying, where
they're gonna He's I'm super proud of the spotty picked.
He got a great builder and he's going to do
very well, and of course you know.
Speaker 2 (36:14):
It's that you can't.
Speaker 1 (36:15):
It's expensive to build a home right now, Tim, I
think this is you know, only only nine hundred and
you know, And he was like, yeah, you know, and
people hindside twenty twenty should have done it then should
it do? Blah blah blah. Weall it is what it
is now. But I said, dude, you're making money is
that thing? You ain't even broke ground yet?
Speaker 2 (36:32):
And you know, what do you mean?
Speaker 1 (36:33):
I said, they're not making any more loan there might
not make any more land. Keep moving forward, so you know,
it's a great opportunity to get out. Consider some stuff.
But just a five point seventy five rate and term refinance,
fifteen year fixed, eighty percent loan to value, no delivery fees,
seven twenty minimum credit score, married the home date, the loan. Baby,
(36:55):
Come on in here, let us get something done. Or
do a purchase in house. Use one or three year fixed.
That doesn't mean you can't refinance within the one year
or the three years, and.
Speaker 2 (37:06):
The closing costs are nine hundred and fifty eight dollars.
That's exactly right. Or a purchase, Ladies and gentlemen, yep, Yep,
that's exactly right.
Speaker 1 (37:14):
Well, we hope you enjoyed the show today. Rates are
getting better. Don't forget about our government loan programs, US,
DAK C, FHA, BA, Get out, take a walk today
because it's fifty two today and fifty two tomorrow, and
then we go back in the deep freeze. Larry, Yeah,
I know, gets some fresh air today. It's coming and
because you're gonna be back in the cabin. I can't
(37:35):
two months in a row now, my electric billk you's
been hiring a s been in my life.
Speaker 2 (37:39):
I know what's going to say. Did you go read
out or something? Did you get it?
Speaker 1 (37:42):
Oh, we'll talk about it next week. I had a
neighborhood meeting about it. We hope everybody had a good
Valentine's enjoyed the President's Day on Monday. It's a great
day for our president this Monday. I'm excited about to
have a little time to celebrate. Anyway, we hope you've
enjoyed the show. Banks Over Day for nine to one
pH numbers eight five nine eight six South and drives
eight five nine two six three three three three five.
(38:03):
If you can hear us, you can call us. You've
been listening Welcome Home Show by Guardian Savings Bank.
Speaker 2 (38:08):
On news radio Check thirty. W LAP be back next Saturday.
As right
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