Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Good morning like sing till your listen Welcome Home Show
by Guardian Savings Bank. I'm Larry Frakes, Tim Adams in
here with you this Saturday morning.
Speaker 2 (00:09):
Glad to have you tuned into us.
Speaker 1 (00:11):
If you're expecting to hear Matt Jones on the pregame show,
he'll be here at ten thirty, so he'll take over
from there and run you right into the UK Auburn
game at one o'clock. So we're gonna have a short
and sweet couple of sessions he had this morning, talk
a little bit about what's going on with the rates,
the bond market and so on and so forth. Banks
open to day from nine to one on numbers eight five, nine, eight, nine,
nine one nine three six South and Drives eight five
(00:32):
nine two six three three three three five Guardian Savings Bank.
Just give us a call, we'd be around here this morning.
But anyhow, you have ten thirty Matt Jones cast R
and m let't me be on here for the pregame
show and you you can't Auburn to be on then
after that. So I had a good game the other
night in Oklahoma, came out there at the dub and
I hope we started getting everybody healthy and get the
team really lined out with there.
Speaker 2 (00:54):
You know, it's tough league, man, but this fun game
to watch one. It was a.
Speaker 1 (00:59):
Really redemption of the whole year to me, and just
to see oh Way take over like he did. And
he was getting booed every time down the court, every
time he touched the ball with his you know past
he played for Oklahoma obviously for two years before coming
to the UK, and he got a little chippy there
at the end. But what it was an exciting win
(01:20):
and dramatic fashion.
Speaker 2 (01:21):
Yeah, it was fun. But anyway to the task at hand.
Speaker 1 (01:25):
Ten bomb markers working in our favorite finally and rates
are coming down and then we knew it was going
to happen, we just didn't know when.
Speaker 2 (01:31):
And that's a good sign.
Speaker 1 (01:32):
And we've got a lot of people pre qualified for
loans already and they're out shopping and as the rates
get lower, we're going to get more. So what you know,
we tell people all the time, marry the home date
the loan. But as these rates drop, and if you
got something that's going to be you know, seven and
a quarter or higher in an interest rate, you need
to be calling for a refinance. Your home's probably appreciated
(01:53):
some you've paid it down a little bit, but it's
a nine hundred and fifty eight dollars in refinance based costs.
Here been a course depending on the equity and so on.
You could have some delivery fees and that doesn't include estros.
But it's nine hundred and fifty eight bucks. It don't
take long to break even. Tim If you're saving a
couple hundred dollars a month in a payment and about
a half a percent rate drop, it take you about
three months to break even. A lot of people think
(02:14):
you got to have one percent rate drop to consider refinancing,
and that's true if you're going to pay ten to
twelve fifteen thousand dollars in closing costs.
Speaker 2 (02:20):
That ain't the case of Guardian Savings Bank.
Speaker 1 (02:23):
And the reason that our closing costs are nine hundred
and fifty eight bucks is because we service the loans.
We're just going to try to charge the bare minimum
third party expenses, get the loan put together and on
conventional financing or our arm product, and you're always going
to pay guarding. You can set up auto dey duct,
you can come in a branch and make a payment.
And that's our claim to fame, and that's our deal.
We service these loans tim and people A lot of
(02:46):
people like that we do. We do our thing and
keep everything ahead of the right direction. But we get
calls all the time from our clients. You know, hey,
I'm gonna change homeowners insurance or you know anything that
comes up and you know, so if we have to
get ahold of servicing to find any from some of
those things, we will. But for people that haven't listened
to the show, you want to be local, by local
and stay local, give us a call up Guardian Savings
(03:07):
Bank eight five nine eight nine nine one nine three
six and we'd be glad to help you. We uh
have been blessed to be one of the top lenders
in this region for several years. And the rates and
everything are going to it's gonna be busier, they're gonna
be more competition out here.
Speaker 2 (03:26):
Call get pre qualified for purchase.
Speaker 1 (03:27):
And if you're paying more than seven and a quarter
in an interest rate right now, you can refinance at
any time on a mortgage. Folks, A lot of people
think they have to be in there certain length of time.
Speaker 2 (03:36):
You got to do this you got to do that.
Speaker 1 (03:37):
Well, you can refinance at any time, and you can
refinance with anybody, and we we'd like to have an opportunity.
Speaker 2 (03:44):
To do it.
Speaker 1 (03:47):
Absolutely. Like you know, our mantra weekend week out is
marry the home and not the loan. That means when
rates dropped, more competition, marry the home, date the loan,
and uh, a lot of people, you know, just breaks
are coming down. There's a lot of people's bought houses
above seven percent nine hundred and fifty eight dollars on
a refinance. Uh, and our we got fifteen year right
(04:09):
now five point seventy five.
Speaker 2 (04:14):
We can buy purchase with twenty percent down.
Speaker 1 (04:16):
You could do a refinance of twenty percent equity five
point seventy five percent on a fifteen year fixed and
no delivery fees or anything.
Speaker 2 (04:22):
That's nine hundred and fifty eight dollars in closing costs.
Speaker 1 (04:24):
So other than your scros, that's all it's going to
cost you if you if that's the route that you're
going to take. So just you know, give us an
opportunity to take a look at it, see if we
can save you some money, and if it does, we'll
do it.
Speaker 2 (04:35):
That doesn't make sense. They're not gonna let's do the
loan anyway, Tim, they never had it, No, and.
Speaker 1 (04:40):
Hopefully we you know, it's not it's not a complicated
process per se pasde ups W two's.
Speaker 2 (04:47):
Your reserves could be four.
Speaker 1 (04:48):
Oh one or savings or stock or whatever, but we
put those things together and pull your credit and see
how that looks. And that's part of our pre approval process.
But that's part of any process when you are acquire,
acquiring or applying for a mortgage, well two months bank statements,
(05:09):
checking or savings, you got your retirement information, your reserves,
like you're saying, the last couple of W two's. If
you're self employed, we've got to get a couple of
years tax returns, bank statements and just information. You know,
we're going to get this the three c's. It's always
been that credit capacity in collaborate, we'll take a look
at so that we can do and we've you know,
our first time home by our program. The money we have,
we got ten thousand dollars down payment assistants with the
(05:31):
KGE loans. The interest rate on that six percent right now,
and that's not a bad program. If you're interested in
getting in the market looking for that, got plenty of
those going on.
Speaker 2 (05:43):
I don't know how the.
Speaker 1 (05:45):
A lot of people were concerned, you know, with h
SEE and some of that stuff, with what a lot
of stuff going on, what was going to happen with
the funding of it. But we've not had any issues
with getting anything funded with the fhakh s or anything.
I think some commercial side or some five oh one
c threes or non off it's some of that grant
money and some different things are becoming a little.
Speaker 2 (06:04):
More scarce, aren't they.
Speaker 1 (06:04):
I mean, I mean, I just there's so much there's
a lot of fake news and there's some real news.
But we've not been affected at this point, and it
can change at any time on the lending side and
any of the stuff that we have to help people
get going. No, I really haven't seen anything about, you know,
but what will grants be next year? They may look different,
we don't know, as if you've been living under rock.
(06:26):
The budget's going through an extreme audit, so we hope
that they don't deem these programs to be, you know,
thing of the past. So we hope that we have
these twenty thousand dollars grant programs next year. But obviously
stay tuned, and I think most people do, and they
know about these offers. I'm just talking to a gentleman
(06:50):
just earlier today and about it, and he had already
gotten a loan and asking me if he had done
good and he got one hundred percent six percent interest, right,
I said, absolutely. I don't know what lender you is,
and it's too late for me to get in the game.
But he was just somebody I ran into professionally, and
I just wanting to know he bought his first home
one know if he did.
Speaker 2 (07:09):
All right, I said, I think you did great. Yeah.
Speaker 1 (07:12):
He said, well, we bought a little above what we
were going to spend. But I said I wouldn't let
that bother me, because this is an investment, sir, and
you treated as such.
Speaker 2 (07:20):
Yeah.
Speaker 1 (07:20):
Absolutely, they're not making any more land, and the return
on investment should be pretty you're paying down the house
is increasing in value, so you're creating that creating equity
with your payments, and you're getting some equity based on
the attrition and what's going on in the neighborhood and
the value of homes that's you know, in about about
five or six percent average ready to return on the
property values in central Kentucky in this area somewhere like that.
(07:42):
So you can do the math on it, and we
can break it down for you too. But home ownership
is a good investment. I do like some of the
stuff I see out there about some of these people
not have to pay taxes, ay more senior citizen and
so on for property taxes. I mean, you know, you
already owned the home and you've got all your stuff paid.
And I think they're at a certain point, and you know,
that's you know, hopefully they'll get something that reworked, and
that's who knows, you know, what they'll wind up doing.
(08:06):
But well, what we do know is Kentucky Housing it
has been following the same playbook for many, many, many years,
and I would be hard pressed to figure out if
anything would be happening to the one hundred percent program
with Kentucky Housing. I think they're going to be immune
from any doze efforts. Yeah, and we just you know,
give us an opportunity to get you qualified. That's what
(08:27):
when you're listening to the show for the first time today,
you're in town to see the game. You can catch
us on iHeart anytime anywhere. We'll tell you what's going on.
But we're watching what's going on in the economy. We're
watching the bond market. We're seeing what's going on. Tim
you were looking at today some of the financial information
came out and you know, trying to piece it all together.
But the I think the big key in the bond
market is is that, you know, the FEDS have indicated
(08:48):
that they're going to maybe start buying back some bonds
later on industree. But as you know, we just read
the same article and it's uncertainty. It's uncertainty where you
know this, where we're going with all this. It's just
a deer in the headlines kind of thing right now
with everything that's happening in Washington and and how the
business community responds well, and you just want to find
(09:09):
out for certain exactly what's happening. And you know, I
had some people calling and me O cage.
Speaker 2 (09:14):
Either or not. I said, I've not heard any of that.
Speaker 1 (09:16):
I'm sure that they would let us know if there
was going to be an issue with getting these things
fund and we've not heard a word that people jump
in there and you know, put fear in people, and
if you're in the process with us or any other
lender out here. So far, so good. We don't have
anything to worry about. Your loan's going to happen as
far as we know. And as you're listening to the
show today, they're still funning and moving forward just like
they always have. But I'm glad that some of this
(09:38):
is being looked at Tim, you know, and we did
that expansion over at Bob brown House.
Speaker 2 (09:42):
You know those rooms are what size and how much
did they cost us on us?
Speaker 1 (09:44):
You know, I mean the Bible one that you know
that there's some people do some gaging on that, and
I hope that they do look over well, I mean
it's hard not to when you see the butt. You know,
these budgets they put together and are proved, and I
think some of these contra drop. Yeah, we got all
that money to use and well let's use it all.
And so that was kind of what we got into.
(10:06):
And it could have probably been done a little cheaper,
but there was the quality in it while he was there,
but maybe over pay. Oh yeah, And we didn't had
a meeting this week about another project we're working on,
just talking about, you know, some of the stuff that
hopefully that some of these reviews will see some of
that and say, hey, we're gonna put some you know,
put some thing. But the they monitor everything you do anyway.
(10:28):
But it's a it's an opportunity to still be involved.
I mean, the KHC money, U, S, D A, F H, A,
B A, all of those things are still available. Everything's
still fun, and everything's moving forward. The closing costs are
still for where they were at same process. But we've
not heard anything about any any not having any money
(10:51):
and those particular programs being affected. But if you're so inclined,
we are raising money right now to help the flood
victims of Eastern Kentucky the Realtor Community Housing Foundation of
Lexington and with the help of the Bluegrass Association of Realtors.
We've got a QR code if you want to go
to their website. We're going to match up to ten
(11:13):
thousand dollars. So I think we were at twenty five
hundred earlier.
Speaker 2 (11:16):
In the week.
Speaker 1 (11:17):
We need to step up and get on that QR
code and donate some money to the Eastern Kentucky flood victims,
and we're going to match it. The Realtor Community Housing
Foundation along with the Bluegrass Realtors Association. We're going to
match those funds and we're going to get so much
needed help over into the Pipal area.
Speaker 2 (11:31):
And that's where our focus is.
Speaker 1 (11:33):
I think that's where we figured that ground zero is
for us, and that's what we're going to.
Speaker 2 (11:37):
Do, you know.
Speaker 1 (11:37):
And the thing is every dollar they put in is
going to be given right back out. There is no
ninety five cents on the don Every dollar you put
in go to be matched and sent on for the
use of the people over there. And what we did
in the past is we just have to account lows
or somewhere. When Penipal needed stuff, they could go well
and then if they needed wood, if they needed because
you know, people want to donate stuff, but they got
seventeen million trash.
Speaker 2 (11:57):
Bags and they need something else, you know.
Speaker 1 (12:00):
Right Well, we've kind of designated the America Realtor's Hospital
a r H Appalachian Regional Health. It's kind of coming
here and partnered with us to get this get these
services and the things they need to that. And we've
kind of put that in their hands there and we're
going to give them money and we trust that relationship. Yeah,
(12:20):
and so that's you know it's everything coming in is
going out. There's a lot of places out here that
when you put in your dollar you might get sixty
cents going where you want it to with This is
one hundred percent right, coming in, one hundred percent now.
But if you're going, if you're heading into Rubberena right now,
let's rock that place this afternoon. Hilariu solute.
Speaker 2 (12:37):
It's gonna be a good game.
Speaker 1 (12:38):
It's gonna be a good game and hopefully you know
the crowd will be in it, and uh I expect
a good game out of Auburn. But anything can happen
this league. As we will know, we're going to take
our first break. We'll be back for one more session
and ten thirty. Matt Jones to be on here with
the pregame show in the Auburn UK at one, so
we'll be right back to Listen to Welcome Home Show
by Guardian Savings Bank on News Radio six thirty.
Speaker 2 (12:54):
Home of the Wildcats w l a P. We'll be
right back your bank.
Speaker 1 (12:58):
Listen to Welcome Home Show by Guardian Savings Bank, Open
a day from nine to one. Numbers eighty five nine
eight nine nine one nine three six that's here. In
Hamburg South and drive is eight five nine two six
three three three three five.
Speaker 2 (13:09):
If you can hear so, you can call us. Appreciate
you turning into us.
Speaker 1 (13:12):
Guardian Savings Bank's been in the lex scenaria twenty some
years at this point, checking savings CDs.
Speaker 2 (13:19):
We do mortgages.
Speaker 1 (13:20):
We don't do boat loans or note loans ten but
we do trackages and we do a darn good job
of it. So and Taylor wanted me to pass along.
That's our branch manager, Taylor Night here at the Hamburg branch.
Four percent on a six month CD still interest compounded daily.
That's right, So keep that in mind. Ap y six
so six month commitment four percent, wrong with that? And
I would save our passbook savings accounts not too bad either.
Speaker 2 (13:42):
Got to twenty five hundred our minimum balance in there.
That's why I've got my money.
Speaker 1 (13:45):
I didn't want to tie it up for six months,
but it's a good decent return. Oh and we've got
some savings with minimum balances. I think maybe twenty five
thousand and three point seventy five on just a traditional
savings account that you don't have to tie up. Yeah,
if you maintain a bout. But anyway, give Taylor a call.
It's Taylor Knight. She's our branch manager at Hamburg eight
five nine eight nine nine three six.
Speaker 2 (14:06):
Or if you want to get pre approved.
Speaker 1 (14:08):
Because spring fever brings this spring buying season and it's
a great Opportube rates are getting a little better, bond
market's looking better.
Speaker 2 (14:16):
We talked earlier. We've got the cage.
Speaker 1 (14:17):
See first time home bar I got ten thousand dollars
down payment assistance. That's the cheapest rate that I know of,
you know, and we we're we're using it. And we
had people that were concerned about you know, Hey, I'm
gonna have an funny. They're not gonna get in those
loans done. We're still taking applications. We're still moving forward.
We've not heard anything about any of that being closed
down yet, right, don't believe everything you see her here. Yeah,
(14:39):
we'll keep moving forward. If we get news, we'll we'll
let you know. Obviously we'll quit taking applications, but we
don't want to miss that opportunity. If you have a
home out here, you're interested in buying. Just like Tim said, springtime,
spring fever, get out and get some shopping.
Speaker 2 (14:51):
Let's get pre approved first.
Speaker 1 (14:53):
I had to have had some people over the last
couple of months get under contract and then come in
tim and sometime that ain't the easiest way to do it.
And it's better to know what you need to know
on that front side of it, and know what you
qualify for the program you're going to use the payments
and everything. And a couple of them people want, you know,
that's spoken with and we knew what they were looking for.
And then as they continued to shop, you know, we
(15:13):
didn't get everything in place to get all of our
homework done and know exactly what they could or couldn't do,
and we got it worked out. But I mean, it's
just give us a call, let's get your pre qualified.
When you get out and shoff, we'll get you a
letter properly specific. You can take it and use it
and put it in place. And you know that's what
we're here to do. But if you don't call and
you don't ask, we don't get But it will.
Speaker 2 (15:31):
Take care of you if you give us an opportunity.
Speaker 1 (15:33):
Market's going to continue to improve, I think, and as
the things sort out, people get confidence and feel more
comfortable with what they're seeing and you know there's going
to be more and more people out of your buying again,
and that's what we need to keep the economy growing
as well. But at ten thirty, Matt Jones will be
out here pregain itt UK at Aubert at one. Well,
we talked a little bit in the first session about
a good game the other night down in oklahoma'm fun
(15:54):
to watch and it's good to see UK get that wind.
They'll have their hands full of day. But if we
get the crowd in there and get them excited, blow
the roof off that place. To him, that's right. We
need to do something to disrupt John I Broom number
one and how we let a Morehead transfer slip out
down to aub He played at Morehead and transfer portal
doped his way to Auburn now projected clearly here. You
(16:16):
know that's this, This transfer portal is going to continue
to create that. You know, I all money going to
continue to create this change in the scene ry on
a regular basis. And it's tough in the coaching world.
I would say, because you got some kids on your team,
you want to keep it, make happy. But they no
guarantees if they're gonna stare or not, and you got
kids that you're gonna possibly need because you don't know
what's going to happen with the roster.
Speaker 2 (16:34):
So god gots be tough to recruit, you know what
I'm saying.
Speaker 1 (16:37):
You know, these true freshmen have really they've stepped up
to fill avoid and they've played under the heavy microscope
oure and I think they've done pretty well, absolutely, and
I'm glad that the experience they're getting this happening now,
you know what I'm saying. So the depth that they're
going to have in a roster, and if we can
get into the NCAA tournament, because it's gonna be tough.
But I mean, uh, well that went the wind this week.
(16:58):
That was I think that was a good win, a
good quality win. And we've beaten what five top ten
teams or whatever, and it's gonna be hard to keep
us out of the NCAA sixty four for sure.
Speaker 2 (17:09):
Yeah. And you know the NCAA is going to pick
the SEC schools against each.
Speaker 1 (17:12):
Other about the second round, third round, maybe we eat
everybody out and then you know, it's just that's how
they seem to operate with whatever, and we probably will
get a bad draw. Well, they know we'll travel. Yeah, Spokane,
there you go. There'll be a good game this afternoon.
You can catch it right here on six thirty WLAP
And we appreciate the opportraity to beyond before him and
(17:33):
Matt's coming on after his pregame information and he'll have
some good insight as to what you can look forward to.
And I always shocked to see that many blue, big
Blue Nation fans in Oklahoma. Man, I mean because it's new.
I mean it's people's bucket lists. I mean, you got
it for football. People go check out the different stadiums,
do all the stuff and the basketball, you know now
and get these teams in here with Texas and Oklahoma
(17:55):
and you get to go see their facilities, and you know,
we get to go down and play some football, maybe
with snags or two. Just take some posters down there
and he'll tail getting some people. Well, I think we've
got a new rivalry now Oklahoma. I think that set
up set the stage last night, yeah, earlier this week.
Speaker 2 (18:09):
Yeah, it'll be fun. So we hope you enjoyed the
show this weekend. We know it's been short and sweet.
Speaker 1 (18:13):
We appreciate you tuning into US rates are getting better
and we've got one hundred percent financing programs, first time
buy our home home, first time home buyer programs, got
down payment assistance, you can do a fifteen year refinance,
five point seventy five nine hundred and fifty eight dollars
in closing costs, So just.
Speaker 2 (18:28):
Give us a call eight five nine eight nine nine
nine three six.
Speaker 1 (18:31):
Enjoy the pregame here with Matt Jones Support UK this afternoon.
Blow the roof off the place and we appreciate you.
We'll be back next to the weekend. For Tim Adams.
I'm Larry fraid you've been listening Welcome Home Show by
Guardian Savings Bank on News Radio six thirty right here
on w LAP.
Speaker 2 (18:46):
Be back next Saturday.
Good morning like sing till your listen Welcome Home Show
by Guardian Savings Bank. I'm Larry Frakes, Tim Adams in
here with you this Saturday morning.
Speaker 2 (00:09):
Glad to have you tuned into us.
Speaker 1 (00:11):
If you're expecting to hear Matt Jones on the pregame show,
he'll be here at ten thirty, so he'll take over
from there and run you right into the UK Auburn
game at one o'clock. So we're gonna have a short
and sweet couple of sessions he had this morning, talk
a little bit about what's going on with the rates,
the bond market and so on and so forth. Banks
open to day from nine to one on numbers eight five, nine, eight, nine,
nine one nine three six South and Drives eight five
(00:32):
nine two six three three three three five Guardian Savings Bank.
Just give us a call, we'd be around here this morning.
But anyhow, you have ten thirty Matt Jones cast R
and m let't me be on here for the pregame
show and you you can't Auburn to be on then
after that. So I had a good game the other
night in Oklahoma, came out there at the dub and
I hope we started getting everybody healthy and get the
team really lined out with there.
Speaker 2 (00:54):
You know, it's tough league, man, but this fun game
to watch one. It was a.
Speaker 1 (00:59):
Really redemption of the whole year to me, and just
to see oh Way take over like he did. And
he was getting booed every time down the court, every
time he touched the ball with his you know past
he played for Oklahoma obviously for two years before coming
to the UK, and he got a little chippy there
at the end. But what it was an exciting win
(01:20):
and dramatic fashion.
Speaker 2 (01:21):
Yeah, it was fun. But anyway to the task at hand.
Speaker 1 (01:25):
Ten bomb markers working in our favorite finally and rates
are coming down and then we knew it was going
to happen, we just didn't know when.
Speaker 2 (01:31):
And that's a good sign.
Speaker 1 (01:32):
And we've got a lot of people pre qualified for
loans already and they're out shopping and as the rates
get lower, we're going to get more. So what you know,
we tell people all the time, marry the home date
the loan. But as these rates drop, and if you
got something that's going to be you know, seven and
a quarter or higher in an interest rate, you need
to be calling for a refinance. Your home's probably appreciated
(01:53):
some you've paid it down a little bit, but it's
a nine hundred and fifty eight dollars in refinance based costs.
Here been a course depending on the equity and so on.
You could have some delivery fees and that doesn't include estros.
But it's nine hundred and fifty eight bucks. It don't
take long to break even. Tim If you're saving a
couple hundred dollars a month in a payment and about
a half a percent rate drop, it take you about
three months to break even. A lot of people think
(02:14):
you got to have one percent rate drop to consider refinancing,
and that's true if you're going to pay ten to
twelve fifteen thousand dollars in closing costs.
Speaker 2 (02:20):
That ain't the case of Guardian Savings Bank.
Speaker 1 (02:23):
And the reason that our closing costs are nine hundred
and fifty eight bucks is because we service the loans.
We're just going to try to charge the bare minimum
third party expenses, get the loan put together and on
conventional financing or our arm product, and you're always going
to pay guarding. You can set up auto dey duct,
you can come in a branch and make a payment.
And that's our claim to fame, and that's our deal.
We service these loans tim and people A lot of
(02:46):
people like that we do. We do our thing and
keep everything ahead of the right direction. But we get
calls all the time from our clients. You know, hey,
I'm gonna change homeowners insurance or you know anything that
comes up and you know, so if we have to
get ahold of servicing to find any from some of
those things, we will. But for people that haven't listened
to the show, you want to be local, by local
and stay local, give us a call up Guardian Savings
(03:07):
Bank eight five nine eight nine nine one nine three
six and we'd be glad to help you. We uh
have been blessed to be one of the top lenders
in this region for several years. And the rates and
everything are going to it's gonna be busier, they're gonna
be more competition out here.
Speaker 2 (03:26):
Call get pre qualified for purchase.
Speaker 1 (03:27):
And if you're paying more than seven and a quarter
in an interest rate right now, you can refinance at
any time on a mortgage. Folks, A lot of people
think they have to be in there certain length of time.
Speaker 2 (03:36):
You got to do this you got to do that.
Speaker 1 (03:37):
Well, you can refinance at any time, and you can
refinance with anybody, and we we'd like to have an opportunity.
Speaker 2 (03:44):
To do it.
Speaker 1 (03:47):
Absolutely. Like you know, our mantra weekend week out is
marry the home and not the loan. That means when
rates dropped, more competition, marry the home, date the loan,
and uh, a lot of people, you know, just breaks
are coming down. There's a lot of people's bought houses
above seven percent nine hundred and fifty eight dollars on
a refinance. Uh, and our we got fifteen year right
(04:09):
now five point seventy five.
Speaker 2 (04:14):
We can buy purchase with twenty percent down.
Speaker 1 (04:16):
You could do a refinance of twenty percent equity five
point seventy five percent on a fifteen year fixed and
no delivery fees or anything.
Speaker 2 (04:22):
That's nine hundred and fifty eight dollars in closing costs.
Speaker 1 (04:24):
So other than your scros, that's all it's going to
cost you if you if that's the route that you're
going to take. So just you know, give us an
opportunity to take a look at it, see if we
can save you some money, and if it does, we'll
do it.
Speaker 2 (04:35):
That doesn't make sense. They're not gonna let's do the
loan anyway, Tim, they never had it, No, and.
Speaker 1 (04:40):
Hopefully we you know, it's not it's not a complicated
process per se pasde ups W two's.
Speaker 2 (04:47):
Your reserves could be four.
Speaker 1 (04:48):
Oh one or savings or stock or whatever, but we
put those things together and pull your credit and see
how that looks. And that's part of our pre approval process.
But that's part of any process when you are acquire,
acquiring or applying for a mortgage, well two months bank statements,
(05:09):
checking or savings, you got your retirement information, your reserves,
like you're saying, the last couple of W two's. If
you're self employed, we've got to get a couple of
years tax returns, bank statements and just information. You know,
we're going to get this the three c's. It's always
been that credit capacity in collaborate, we'll take a look
at so that we can do and we've you know,
our first time home by our program. The money we have,
we got ten thousand dollars down payment assistants with the
(05:31):
KGE loans. The interest rate on that six percent right now,
and that's not a bad program. If you're interested in
getting in the market looking for that, got plenty of
those going on.
Speaker 2 (05:43):
I don't know how the.
Speaker 1 (05:45):
A lot of people were concerned, you know, with h
SEE and some of that stuff, with what a lot
of stuff going on, what was going to happen with
the funding of it. But we've not had any issues
with getting anything funded with the fhakh s or anything.
I think some commercial side or some five oh one
c threes or non off it's some of that grant
money and some different things are becoming a little.
Speaker 2 (06:04):
More scarce, aren't they.
Speaker 1 (06:04):
I mean, I mean, I just there's so much there's
a lot of fake news and there's some real news.
But we've not been affected at this point, and it
can change at any time on the lending side and
any of the stuff that we have to help people
get going. No, I really haven't seen anything about, you know,
but what will grants be next year? They may look different,
we don't know, as if you've been living under rock.
(06:26):
The budget's going through an extreme audit, so we hope
that they don't deem these programs to be, you know,
thing of the past. So we hope that we have
these twenty thousand dollars grant programs next year. But obviously
stay tuned, and I think most people do, and they
know about these offers. I'm just talking to a gentleman
(06:50):
just earlier today and about it, and he had already
gotten a loan and asking me if he had done
good and he got one hundred percent six percent interest, right,
I said, absolutely. I don't know what lender you is,
and it's too late for me to get in the game.
But he was just somebody I ran into professionally, and
I just wanting to know he bought his first home
one know if he did.
Speaker 2 (07:09):
All right, I said, I think you did great. Yeah.
Speaker 1 (07:12):
He said, well, we bought a little above what we
were going to spend. But I said I wouldn't let
that bother me, because this is an investment, sir, and
you treated as such.
Speaker 2 (07:20):
Yeah.
Speaker 1 (07:20):
Absolutely, they're not making any more land, and the return
on investment should be pretty you're paying down the house
is increasing in value, so you're creating that creating equity
with your payments, and you're getting some equity based on
the attrition and what's going on in the neighborhood and
the value of homes that's you know, in about about
five or six percent average ready to return on the
property values in central Kentucky in this area somewhere like that.
(07:42):
So you can do the math on it, and we
can break it down for you too. But home ownership
is a good investment. I do like some of the
stuff I see out there about some of these people
not have to pay taxes, ay more senior citizen and
so on for property taxes. I mean, you know, you
already owned the home and you've got all your stuff paid.
And I think they're at a certain point, and you know,
that's you know, hopefully they'll get something that reworked, and
that's who knows, you know, what they'll wind up doing.
(08:06):
But well, what we do know is Kentucky Housing it
has been following the same playbook for many, many, many years,
and I would be hard pressed to figure out if
anything would be happening to the one hundred percent program
with Kentucky Housing. I think they're going to be immune
from any doze efforts. Yeah, and we just you know,
give us an opportunity to get you qualified. That's what
(08:27):
when you're listening to the show for the first time today,
you're in town to see the game. You can catch
us on iHeart anytime anywhere. We'll tell you what's going on.
But we're watching what's going on in the economy. We're
watching the bond market. We're seeing what's going on. Tim
you were looking at today some of the financial information
came out and you know, trying to piece it all together.
But the I think the big key in the bond
market is is that, you know, the FEDS have indicated
(08:48):
that they're going to maybe start buying back some bonds
later on industree. But as you know, we just read
the same article and it's uncertainty. It's uncertainty where you
know this, where we're going with all this. It's just
a deer in the headlines kind of thing right now
with everything that's happening in Washington and and how the
business community responds well, and you just want to find
(09:09):
out for certain exactly what's happening. And you know, I
had some people calling and me O cage.
Speaker 2 (09:14):
Either or not. I said, I've not heard any of that.
Speaker 1 (09:16):
I'm sure that they would let us know if there
was going to be an issue with getting these things
fund and we've not heard a word that people jump
in there and you know, put fear in people, and
if you're in the process with us or any other
lender out here. So far, so good. We don't have
anything to worry about. Your loan's going to happen as
far as we know. And as you're listening to the
show today, they're still funning and moving forward just like
they always have. But I'm glad that some of this
(09:38):
is being looked at Tim, you know, and we did
that expansion over at Bob brown House.
Speaker 2 (09:42):
You know those rooms are what size and how much
did they cost us on us?
Speaker 1 (09:44):
You know, I mean the Bible one that you know
that there's some people do some gaging on that, and
I hope that they do look over well, I mean
it's hard not to when you see the butt. You know,
these budgets they put together and are proved, and I
think some of these contra drop. Yeah, we got all
that money to use and well let's use it all.
And so that was kind of what we got into.
(10:06):
And it could have probably been done a little cheaper,
but there was the quality in it while he was there,
but maybe over pay. Oh yeah, And we didn't had
a meeting this week about another project we're working on,
just talking about, you know, some of the stuff that
hopefully that some of these reviews will see some of
that and say, hey, we're gonna put some you know,
put some thing. But the they monitor everything you do anyway.
(10:28):
But it's a it's an opportunity to still be involved.
I mean, the KHC money, U, S, D A, F H, A,
B A, all of those things are still available. Everything's
still fun, and everything's moving forward. The closing costs are
still for where they were at same process. But we've
not heard anything about any any not having any money
(10:51):
and those particular programs being affected. But if you're so inclined,
we are raising money right now to help the flood
victims of Eastern Kentucky the Realtor Community Housing Foundation of
Lexington and with the help of the Bluegrass Association of Realtors.
We've got a QR code if you want to go
to their website. We're going to match up to ten
(11:13):
thousand dollars. So I think we were at twenty five
hundred earlier.
Speaker 2 (11:16):
In the week.
Speaker 1 (11:17):
We need to step up and get on that QR
code and donate some money to the Eastern Kentucky flood victims,
and we're going to match it. The Realtor Community Housing
Foundation along with the Bluegrass Realtors Association. We're going to
match those funds and we're going to get so much
needed help over into the Pipal area.
Speaker 2 (11:31):
And that's where our focus is.
Speaker 1 (11:33):
I think that's where we figured that ground zero is
for us, and that's what we're going to.
Speaker 2 (11:37):
Do, you know.
Speaker 1 (11:37):
And the thing is every dollar they put in is
going to be given right back out. There is no
ninety five cents on the don Every dollar you put
in go to be matched and sent on for the
use of the people over there. And what we did
in the past is we just have to account lows
or somewhere. When Penipal needed stuff, they could go well
and then if they needed wood, if they needed because
you know, people want to donate stuff, but they got
seventeen million trash.
Speaker 2 (11:57):
Bags and they need something else, you know.
Speaker 1 (12:00):
Right Well, we've kind of designated the America Realtor's Hospital
a r H Appalachian Regional Health. It's kind of coming
here and partnered with us to get this get these
services and the things they need to that. And we've
kind of put that in their hands there and we're
going to give them money and we trust that relationship. Yeah,
(12:20):
and so that's you know it's everything coming in is
going out. There's a lot of places out here that
when you put in your dollar you might get sixty
cents going where you want it to with This is
one hundred percent right, coming in, one hundred percent now.
But if you're going, if you're heading into Rubberena right now,
let's rock that place this afternoon. Hilariu solute.
Speaker 2 (12:37):
It's gonna be a good game.
Speaker 1 (12:38):
It's gonna be a good game and hopefully you know
the crowd will be in it, and uh I expect
a good game out of Auburn. But anything can happen
this league. As we will know, we're going to take
our first break. We'll be back for one more session
and ten thirty. Matt Jones to be on here with
the pregame show in the Auburn UK at one, so
we'll be right back to Listen to Welcome Home Show
by Guardian Savings Bank on News Radio six thirty.
Speaker 2 (12:54):
Home of the Wildcats w l a P. We'll be
right back your bank.
Speaker 1 (12:58):
Listen to Welcome Home Show by Guardian Savings Bank, Open
a day from nine to one. Numbers eighty five nine
eight nine nine one nine three six that's here. In
Hamburg South and drive is eight five nine two six
three three three three five.
Speaker 2 (13:09):
If you can hear so, you can call us. Appreciate
you turning into us.
Speaker 1 (13:12):
Guardian Savings Bank's been in the lex scenaria twenty some
years at this point, checking savings CDs.
Speaker 2 (13:19):
We do mortgages.
Speaker 1 (13:20):
We don't do boat loans or note loans ten but
we do trackages and we do a darn good job
of it. So and Taylor wanted me to pass along.
That's our branch manager, Taylor Night here at the Hamburg branch.
Four percent on a six month CD still interest compounded daily.
That's right, So keep that in mind. Ap y six
so six month commitment four percent, wrong with that? And
I would save our passbook savings accounts not too bad either.
Speaker 2 (13:42):
Got to twenty five hundred our minimum balance in there.
That's why I've got my money.
Speaker 1 (13:45):
I didn't want to tie it up for six months,
but it's a good decent return. Oh and we've got
some savings with minimum balances. I think maybe twenty five
thousand and three point seventy five on just a traditional
savings account that you don't have to tie up. Yeah,
if you maintain a bout. But anyway, give Taylor a call.
It's Taylor Knight. She's our branch manager at Hamburg eight
five nine eight nine nine three six.
Speaker 2 (14:06):
Or if you want to get pre approved.
Speaker 1 (14:08):
Because spring fever brings this spring buying season and it's
a great Opportube rates are getting a little better, bond
market's looking better.
Speaker 2 (14:16):
We talked earlier. We've got the cage.
Speaker 1 (14:17):
See first time home bar I got ten thousand dollars
down payment assistance. That's the cheapest rate that I know of,
you know, and we we're we're using it. And we
had people that were concerned about you know, Hey, I'm
gonna have an funny. They're not gonna get in those
loans done. We're still taking applications. We're still moving forward.
We've not heard anything about any of that being closed
down yet, right, don't believe everything you see her here. Yeah,
(14:39):
we'll keep moving forward. If we get news, we'll we'll
let you know. Obviously we'll quit taking applications, but we
don't want to miss that opportunity. If you have a
home out here, you're interested in buying. Just like Tim said, springtime,
spring fever, get out and get some shopping.
Speaker 2 (14:51):
Let's get pre approved first.
Speaker 1 (14:53):
I had to have had some people over the last
couple of months get under contract and then come in
tim and sometime that ain't the easiest way to do it.
And it's better to know what you need to know
on that front side of it, and know what you
qualify for the program you're going to use the payments
and everything. And a couple of them people want, you know,
that's spoken with and we knew what they were looking for.
And then as they continued to shop, you know, we
(15:13):
didn't get everything in place to get all of our
homework done and know exactly what they could or couldn't do,
and we got it worked out. But I mean, it's
just give us a call, let's get your pre qualified.
When you get out and shoff, we'll get you a
letter properly specific. You can take it and use it
and put it in place. And you know that's what
we're here to do. But if you don't call and
you don't ask, we don't get But it will.
Speaker 2 (15:31):
Take care of you if you give us an opportunity.
Speaker 1 (15:33):
Market's going to continue to improve, I think, and as
the things sort out, people get confidence and feel more
comfortable with what they're seeing and you know there's going
to be more and more people out of your buying again,
and that's what we need to keep the economy growing
as well. But at ten thirty, Matt Jones will be
out here pregain itt UK at Aubert at one. Well,
we talked a little bit in the first session about
a good game the other night down in oklahoma'm fun
(15:54):
to watch and it's good to see UK get that wind.
They'll have their hands full of day. But if we
get the crowd in there and get them excited, blow
the roof off that place. To him, that's right. We
need to do something to disrupt John I Broom number
one and how we let a Morehead transfer slip out
down to aub He played at Morehead and transfer portal
doped his way to Auburn now projected clearly here. You
(16:16):
know that's this, This transfer portal is going to continue
to create that. You know, I all money going to
continue to create this change in the scene ry on
a regular basis. And it's tough in the coaching world.
I would say, because you got some kids on your team,
you want to keep it, make happy. But they no
guarantees if they're gonna stare or not, and you got
kids that you're gonna possibly need because you don't know
what's going to happen with the roster.
Speaker 2 (16:34):
So god gots be tough to recruit, you know what
I'm saying.
Speaker 1 (16:37):
You know, these true freshmen have really they've stepped up
to fill avoid and they've played under the heavy microscope
oure and I think they've done pretty well, absolutely, and
I'm glad that the experience they're getting this happening now,
you know what I'm saying. So the depth that they're
going to have in a roster, and if we can
get into the NCAA tournament, because it's gonna be tough.
But I mean, uh, well that went the wind this week.
(16:58):
That was I think that was a good win, a
good quality win. And we've beaten what five top ten
teams or whatever, and it's gonna be hard to keep
us out of the NCAA sixty four for sure.
Speaker 2 (17:09):
Yeah. And you know the NCAA is going to pick
the SEC schools against each.
Speaker 1 (17:12):
Other about the second round, third round, maybe we eat
everybody out and then you know, it's just that's how
they seem to operate with whatever, and we probably will
get a bad draw. Well, they know we'll travel. Yeah, Spokane,
there you go. There'll be a good game this afternoon.
You can catch it right here on six thirty WLAP
And we appreciate the opportraity to beyond before him and
(17:33):
Matt's coming on after his pregame information and he'll have
some good insight as to what you can look forward to.
And I always shocked to see that many blue, big
Blue Nation fans in Oklahoma. Man, I mean because it's new.
I mean it's people's bucket lists. I mean, you got
it for football. People go check out the different stadiums,
do all the stuff and the basketball, you know now
and get these teams in here with Texas and Oklahoma
(17:55):
and you get to go see their facilities, and you know,
we get to go down and play some football, maybe
with snags or two. Just take some posters down there
and he'll tail getting some people. Well, I think we've
got a new rivalry now Oklahoma. I think that set
up set the stage last night, yeah, earlier this week.
Speaker 2 (18:09):
Yeah, it'll be fun. So we hope you enjoyed the
show this weekend. We know it's been short and sweet.
Speaker 1 (18:13):
We appreciate you tuning into US rates are getting better
and we've got one hundred percent financing programs, first time
buy our home home, first time home buyer programs, got
down payment assistance, you can do a fifteen year refinance,
five point seventy five nine hundred and fifty eight dollars
in closing costs, So just.
Speaker 2 (18:28):
Give us a call eight five nine eight nine nine
nine three six.
Speaker 1 (18:31):
Enjoy the pregame here with Matt Jones Support UK this afternoon.
Blow the roof off the place and we appreciate you.
We'll be back next to the weekend. For Tim Adams.
I'm Larry fraid you've been listening Welcome Home Show by
Guardian Savings Bank on News Radio six thirty right here
on w LAP.
Speaker 2 (18:46):
Be back next Saturday.
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