Episode Transcript
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Speaker 1 (00:07):
Willmaurning Laxhington. Your listen to Welcome Home, Show Back Guardian
and Saving Bank.
Speaker 2 (00:11):
I'm glad you phrase. Tim Adam's in here with me
this morning. We're taping the show a little early. Tim's
headed to Milwaukee check out the Cats. So we're doing
it on Thursday. We can add up there Friday and
hang out and see what's going on. So we can't
comment a whole lot about what's going on in the
tournament at this point. So Tim, I hope you have
a good trip up there. I know you've got some
money from Pope. You got a hold of him and
he got some of that free money he was giving
out to people, and you're gonna take advantage of it.
(00:33):
And I don't blame you. But anyhow, we're we're we're
recording a little early this week. So banks open today
from nine to one. pH numbers eight five nine, eight
nine nine six South and drives eight five nine two
six three three three three five. So if you can
hear so, you can call us CD. Rates are still
in pretty good shape over there. If you've got some
money you want to put in a safe place for
(00:54):
five or six.
Speaker 1 (00:55):
Months, and you can do that we always have that option.
Speaker 2 (01:00):
And then obviously mortgages and the mortgage rates are in
line six six, two five on a thirty, five point
seventy five on a fifteen, and six and a quarter
on a twenty. Those are fixed rates. So if you
want to see about saving yourself some money, if you
bought a home over the last eighteen months or so
when rates were above seven percent, it'd be time to
look at redoing it. You might be able to get
(01:21):
a mortgage insurance, lower your rate, the standard closing costs
with the right equity and credit score and so on
and so forth. By nine hundred and fifty eight bucks,
give or take a little bit. I think something just
changed on the costs of the credit reports, so it
might be a little bit more. But that's what everything
we need to get your loan together. That doesn't include
any prepaids or escros, so just be aware of that.
(01:44):
But so and we think that you know, rates are
the Feds aren't doing anything with prime. This week that
came out and there's been some good figures coming back
with what's going on in the economy, and we're glad
to see that. We knew eventually they would come around
a lot of these numbers are averaged over a year
or two, like the CPI, and some of those you
got to go all the way back twelve months and
average out and see what's going on. Some of them,
(02:04):
it does come out month to month, but you got
to look back for the last twelve to really figure
out where your average is coming from. And ten year
Treasury note that's what dictates these rates. Ten and a
lot of people don't realize that. They think that that
you know, prime rate is where it comes from, and
that's not it right, and that you know, no thics.
You did it for a living like we do. He
may or may not know how that works.
Speaker 1 (02:25):
But I'll tell you what.
Speaker 2 (02:26):
I had to call this with customer at eight and
a quarter a nice retirement portfolio.
Speaker 1 (02:33):
So boy, that five point seven five kind of jumped
out there when you're looking today. Yeah, you know, you're
like good law. Yeah, you get an amen.
Speaker 2 (02:45):
She's on the she nabbled around, and so I want
to talk to her a little bit more. And you know,
and but Larry, that's really a decision that her financial
advisor might want to weigh in on, because you are
pledging that's your investment that's your that's more of an
investment now because with fifteen year mortgage, the payment, all
that extra payment's going straight to ward it when win
(03:07):
win to the principal ballance, right, Well, I mean it's
you know, I've got a lady that's a returning client that.
Speaker 1 (03:15):
I told her.
Speaker 2 (03:16):
I said, hey, I'm in the same boat. You know,
she got a child in college. They're trying to get
that done. They run up some credit card debt and
some different things, and she said, I'm going to need
to do a consolidation, and I'm really the rate's going
to stay the same. She's at six and a half
and I'm gonna redo it at six and a half
on a one year arm gonna cost her nine hundred
and fifty eight bucks. I'm going to give her cash
out to pay off all of her credit cards, and
(03:37):
her payment's going to change a little bit, not much,
but it's going to save her I don't know, thirteen
or fourteen hundred dollars a month in payments. Her mortgage
payment's going up maybe two hundred and thirty seven dollars,
and her savings month is gonna be around seventeen hundred bucks,
you know, And then we can, you know, roll it
back over to fixt rate when the time comes. But
the one hot, one year arm at six and a
(03:58):
half percent, I'm gonna use it as debt. Consolidate, not
paying delivery fees, get all of her stuff cleaned up,
put everything into one, and then she'll come back when
rates come down. We'll refinance it to a fixed rate
and go from there and she'll just have one loan
to contend with, no cash out fees or anything.
Speaker 1 (04:13):
And just a thought, Larry, ain't all.
Speaker 2 (04:15):
I saw the news last week that car loan late
payments on car loans are becoming.
Speaker 1 (04:21):
More and more.
Speaker 2 (04:24):
Common, so to speaks, not common, but we're missing car payments.
So it might makes sense to say, well, you know,
you signed up a car loan for seventy two months
or fifty whatever, it might makes sense just go ahead
and pay that car loan off with a consolidation.
Speaker 1 (04:42):
Yeah. Absolutely.
Speaker 2 (04:43):
And you know, if the cars are going to be repolld,
you know which ones go first, the ones with the
most equity.
Speaker 1 (04:48):
That's right.
Speaker 2 (04:49):
I want to tell you something, is there any way
or you know, I'm gonna and I'm gonna make a
point here in a second, I'm asking you a question.
Is there any lender or builder, or or property owner
out here that we you or I would deal with,
or anybody in the public would deal with that had
that can command you or demand you to use a
particular mortgage company by law, by law, that's that's not
(05:13):
supposed to happen, Okay, because because I've had three calls
over the last several months where there's somebody in town
that that these people are buying homes for, are having
homes built, that are being told that they have to.
Speaker 1 (05:24):
Use a particular company. Well, I don't know if they
say it like that, Larry, or if they say are
preferred Linder.
Speaker 2 (05:31):
Well, I had a conversation again this morning, and that's
with a link. I was on the phone again today
with a client of ours, who's who's who was pretty
certain that her realtor was shocked that, you know, she
was going to use.
Speaker 1 (05:43):
Somebody other than than Walden.
Speaker 2 (05:45):
And you know, she said, I thought that was the
only choice that I had, and that's what the realtor
had told her. And she's then the realtors was shocked
when she found out that's not true. But there's a
lot of people that have to understand that. And then
so my next question is no out of pocket. So
you got people.
Speaker 1 (06:02):
Saying you got to use a certain person and you don't.
Speaker 2 (06:04):
You do not have to use it. I know they've
got two percent built in for closing costs and so
on and so forth. That's fine and dandy. If you
don't use them, you don't get the two percent credit.
That's a great deal. We love that the people use
them all the time. They do a good deal. They're
not going to service the loan, you're not going to
pay them, but they do. I'm not saying they do
a bad job. I'm just saying that they the verbiage
of how people are being you feel like they're being
(06:25):
forced to use them, you know, and you have a
right to shop and I don't. You know, if somebody
wants to call me out and say something, that's fine.
I'm not sayingthing bad about it. I'm just saying that
the presentation needs to be done properly. And then you
go to that no out of pocket is the next trick.
And I'm not talking about that group anymore. I'm talking
about other people where recently we were talking about one
of our clients called and said, my I'm getting half
(06:45):
a percent less in interest, but my payment's going up
thirteen dollars. Well, you went from having a two hundred
and thirty four thousand dollars loan to two hundred and
fifty thousand dollars loan because they're charging sixteen thousand dollars
in closing cost. That's right, and we're getting ready or
move into a possible refinance boom for a lot of
Americans at GUP rates up furs to eight percent. So
in the same way with a lot of purchases.
Speaker 1 (07:07):
And the.
Speaker 2 (07:09):
Sailing agent is already trying to say, well, here's who's
going to do the title work. Well, that's that may
or may not be in your best interest unless it's
one of our bona fide, you know, affiliations, because we
don't charge lenders title insurance with our preferred title attorneys.
Speaker 1 (07:27):
Although it is a choice right.
Speaker 2 (07:29):
And you can pick your own, but I have seen
that too recently at Louisville. It's in all the contracts.
It's really well. I had the same conversation with somebody
this week, got a contract in and they had a
company that we've tried to hire several times, but they
want to sell title insurance. We don't need title insurance,
so we never have been able to get them hired.
I said, you can use them if you want to.
It's gonna cost you whatever the title insurance is and
what their fees are, or it'll cost you two ninety five,
(07:52):
three thousand or two ninety five.
Speaker 1 (07:54):
I think I'll take the two ninety five, you know
what I mean.
Speaker 2 (07:56):
And then a lot of realtors having what we long
the news this year already seventy percent of real TRUP
didn't even close the deal last year.
Speaker 1 (08:03):
And that's true.
Speaker 2 (08:03):
The economy is that crazy. But I just don't get
any better. You do your job selling the selling, getting
the home sold. We'll do our job putting a loan together,
trying to save them as much money as we can.
If you're dealing with Guardian, you're gonna get that loan
that's going to be good, it's gonna be quality. You're
gonna have vote closing costs. You're gonna have as good
a rate as anybody else. You're gonna have somebody you
can call, just like the girl that called me today.
Been in the family for several years, you know. And
(08:25):
was the question about the other mortgage company. She was like,
I was under the impression I had. I said, no,
when it gets closer, you get the quote from then
we'll get a quote. We'll see if we can do it.
I said, But you do it, you can shop. You know,
she wants to go to USAA because of her military background.
She's you know, she can go.
Speaker 1 (08:40):
And she wants to go to Pencrep from whatever type
of loan she wants.
Speaker 2 (08:43):
But as we talk often about the seclotal or cyclical
nature of the industry all together now or trance, Uh,
that's coming the loops coming back around Larry where it's
more of a buyer's market now than it was a
seller's market, and broad brush across the country. But now
bars are having a little more leverage in the deal
(09:05):
days on market's kind of gone up, and there seems
to be some you know, some resistance here on home sales. Well, yeah,
I agree with it, and it's you know, they're not
making any more land.
Speaker 1 (09:17):
We know that.
Speaker 2 (09:18):
And I think that if you qualify for a home
now and you have something out there you want to buy,
and the rates are at sixty six two five, get it,
marry the home date, the loan if the rates come
down in the five area, which we think they will eventually,
then we'll refinance it again. And if everything's right, it's
nine hundred and fifty eight bucks.
Speaker 1 (09:33):
You know.
Speaker 2 (09:34):
But that current homeowner is looking at his rate of
three percent, he's got to draw a line in the
sand as far as were he would make a move,
to make a move that he would have done years ago,
but not at eight.
Speaker 1 (09:45):
So where's that colerance level?
Speaker 2 (09:46):
Which are borrowers now to in order to sell the
house that they've they should have sold or they've been
meaning to sell or need to sell and buy something
bigger there? It is, Well, if they've got enough equity
and they they're bringing in and just rolling the equity
over the other, it's going to be higher. But the
financing list, you know, for a bigger and nicer home.
So but once again, Mary, the home date the loan.
They don't have to keep their will forever. Either five
(10:08):
point seventy five or a fifteen year fix is a
very attractive sounding rate if that fits into your financial plan,
to go ahead and to start hammering down on the
prince of reduction year loan which will create you to
be mortgage freak with her. And I don't mean that
these realtors out here in this area are some of
the best that I'm in the world as far as
i'm I mean with everything that gone and in the
(10:30):
recession and all that stuff. I mean, how they handled
this market and did everything. And there's a lot of
new people in the game, but it's you know, especially
our friend Woody Woodrom he's Jim Jim job does wood
You know he's been servicing now the Lexington Quarter for
many years. Well you'll hear him on this one every week.
He's been a faithful supporter of our mission. Yeah, and
(10:53):
uh he agrees like we do that. Well, we'll probably
never see rates down in the threes in our lifetime.
Speaker 1 (10:58):
Yea.
Speaker 2 (11:00):
So now is the time to pull the trigger on
something if we're if we're getting knocking on the door
here at six point six two five today on a
thirty year fixed, but that's a far cry from eight. Yeah,
you've got Ross's coming, got Robin Jones of all kinds.
Are good realtors out there that that are they're come
and do stuff with us, and uh, we appreciate all
(11:20):
the realtors. I mean, we had relationships on Alex and
Lori and Kyle. You know you've got yours. Everybody's got
their own connections and and that's what it's about.
Speaker 1 (11:28):
And we just want to keep on keeping on with it.
Speaker 2 (11:31):
But I just want people to know that you have
the flexibility to shop and pick a loan and go
wherever you want. You're not mandated to do anything with
anybody us either. And I tell people all the time,
let me take an application from me, you can steal shop.
Speaker 1 (11:43):
I don't care.
Speaker 2 (11:43):
If somebody has a better deal, so be it. And
let's put this misnumber to rest. Okay, say Linda b
go and say ahead and preapproves, you send out a
letter and then perhaps somebody says, we'll call Tim Adams
of Guardian and I call and they call me in.
Speaker 1 (11:56):
I give him a rough sm what the fee sheet's
going on the clock. You're tied to that pre approval letter. No,
you can't find another lender at that time. Absolutely tell
you something close that loan. That's a great point. People
think they've got a pre approval or.
Speaker 2 (12:08):
Somebody and they can't. They can't still can't shop and uh,
just get the best deal. You're gonna get the biggest
investment you're gonna make. So you need to be cognizant
of what what you're paying fee wise, who you're dealing with,
who's a phone call away, who's gonna sell your loan,
who's gonna service your loan? Be local by local, and
stay local. And that's what you're gonna get with Guardian.
And you're gonna get as good a rate as anybody else.
You're gonna get costs that are gonna be cheaper than most,
(12:29):
and you're gonna have a rate and a friend and
terms and and just being the family.
Speaker 1 (12:35):
Just come be in the family.
Speaker 2 (12:36):
So we're gonna take our first break. You are list
of the Welcome Home Show by Guardian Savings Bank. We're
opening to day from nine to one. Phone numbers eighty
five nine, eight nine nine one nine three six Southern
Drives eight five nine two six three three three three
five So if you can hear, she can call us.
Speaker 1 (12:52):
You listen to Welcome Home Show by Guardian Savings Bank
on two grade six thirty w l ap bere right that.
Speaker 2 (13:00):
You listen to what pone show by Guardian Savings Back
Very Freaks. Tim Adam's in here with you this Saturday morning.
Actually that's not true. We're doing it on Thursday. I
just I just playing it up. That's my acting.
Speaker 1 (13:10):
It's good. But uh, you know, even La it is Thursday. Uh.
You know, we've seen we've got up.
Speaker 2 (13:16):
It's an excitement in Lexington with us hosting the regionals here.
We've got the we've seen Louisville Creighton plague, and we
got Auburn playing later on with a potential. It doesn't
look like Louisville now it's going to be an Auburn
Creighton matchup. Looks like they were all torn up about
having to play Louisville in a home in the really
(13:37):
the home court. Now that's a non issue there. Yes,
louivell is no longer in the in the mix. Hey
banks open to day from nine to one. Phone numbers
eight five nine, eight nine nine nine three six South
and drives eight five nine two six three three three
three five.
Speaker 1 (13:52):
So if you can hear us, you can call us
once again.
Speaker 2 (13:55):
We're just in here talking about rates, the market and
so on and so forth. You know, last year we
had a big increase in insurance rates across the board,
so you need to get your information out and check
on that. It happened to each and every one of us.
And if you've got some issues with your s grow
and so on and so forth, which I've had tons
of calls, had it happened to my own, you know,
I knew what my bill was. That's what I prepared for.
(14:15):
My bill went up. When it came out, bank took
care of it. I had to settle up with the
bank and rearrange my ascrow payments, and that's what happened. So, boy,
insurance has just become a big you know, something you
need to pay attention to. And Tim, we've always said
that you're going to start off with the best you
can and as low as you can, because they ain't
going to call you up and lower itt not you
need to do about your property taxes, but there is
(14:37):
something you can do about your insurance.
Speaker 1 (14:39):
You can do something on your property taxes.
Speaker 2 (14:40):
Hey, you're old enough, go down there and get that
Golden award or whatever it is for the people over
seventy two.
Speaker 1 (14:45):
I got the home settings in you did. It's gone.
I've been able to.
Speaker 2 (14:51):
Keep that fire rolled and I got you that was
a nice little benefit and little savings on my budget.
As I go into my well, I'll call I guess
twilight years. But you know, the markets were pretty stable
this week. We didn't see a whole lot of movement.
You know, the down has been a tennis match. It's
up one day, down a x and and all this
(15:13):
uncertainty is driving the investors to pause or consider where
their investments are going. And you you know, you hear
all about you know, what's going on with the artificial
intelligence and bitcoin and the government trying to stockpile reserves
of bitcoin as a backup currency. I don't know, that's
(15:35):
be all my pay grade once again, how bitcoin is
going to be held as an asset by the federal government.
But it seems like there's a big push right now
to acquire cryptocurrency, and it's you're going to hear more
and more and more about it, and artificial intelligence plays
a role in that too, and it's it's just an
(15:56):
exciting time from a technological standpoint. Well, I think what
we need to do is to just go back and
watch all the episodes of The Simpsons, because they pretty
much predict a lot of these things to them, and
see what we need. Investor in Marnion, I mean, your
cartoon is just as good as notes dedmus In some
of these things. I mean, well, well, we have a
we have a friend in common that has gotten into
(16:18):
the LED lighting did.
Speaker 1 (16:20):
Yeah, And I was at a new I was looking.
Speaker 2 (16:23):
We were at a new construction the other day. It's
an industrial just in that one. Yeah, And I was
looking up at the light and they very much looked
like the old style fluorescent lights, but they were LED.
Speaker 1 (16:36):
Yeah, but you couldn't tell the difference.
Speaker 2 (16:38):
I got all that stuff in my house, but my
electric bill shore don't show it, you know. I mean
I and I see that all the time, where we're
doing all these things to save all this parent electricity,
but my bill been horrible last up of months, and
I don't have I thought Bluegrass are ECC was bad,
but ka you we had to go the candles, yeah,
and get back to if we can get some old.
Speaker 1 (16:59):
Yeah, but it's crazy, and it's you know, everybody's getting it.
It's the same thing.
Speaker 2 (17:04):
But yeah, Justin's doing the LED lighting, redoing some factories
and stuff around here, and it'll save them a ton
of money. They've got some incentives for all that stuff.
So that's another good way of doing it. But you
have the economy. The news has come out. The stock
market was up, it was down back and forth, and
the bond market's been holding fairly steady.
Speaker 1 (17:20):
It's not really rock one way or the other.
Speaker 2 (17:22):
And that's unheard of because there's just such a knee
jerk reaction every time somebody raises a pen in Congress.
It seems like, you know, they just fall to their
knees and start selling and creating issues in the bond
market as not your home though. Did somebody get saved?
Who did that? Or by funny you don't hear about
it on the news. You know, just what a great
human to be able to understand gravity, speed, force, g
(17:44):
forces and all that stuff, to control something in space,
to be able to go save somebody like they did
and recapture the rocket that was used. Pretty cool stuff.
Absolutely landed right back down like a feather.
Speaker 1 (17:55):
Well, but anyway, we're gonna take another break.
Speaker 2 (17:56):
You're listen to Welcome Home show about Guardian Savings banko
for to day from nine to one. Phone numbers eight five, nine,
eight nine nine one nine three six South and Drives
eight five nine two six three three three three five.
You can hear she calls nine hundred fifty eight bucks
for a refinance and if everything falls right, we'll go
from there. So, hey, you're going to be listening to
some music this weekend from Jordan now and recently on
(18:17):
the Voice.
Speaker 1 (18:17):
He's done a great job. He's a good friend of mine.
Speaker 2 (18:19):
He's got some stuff out here on Spotify, iTunes and
all that stuff.
Speaker 1 (18:22):
But give him a look, give him a listen. You listen.
What Home Show by Guardian Savings Bank on News Radio
six is thirty Home of your Kentucky Wildcats w LAP.
We'll be right back. You're back listening to Welcome Home
Show by Guardian Savings Bank.
Speaker 2 (18:35):
Larry Freks, Tim Adams in here capping at you this morning,
cat and at it getting it gold basketball All weekend
started on Thursday, actually started on Tuesday. Yeah, playing and
everybody rolling around and see what's happening. Gett into the
march madness. So if you're in town, we appreciate you
coming and help you have a good time. Banks open
from nine to one. pH numbers eight five, nine, eight,
(18:57):
nine nine one nine three six rides eight five nine
two six three three three three five. You can hear
you can call us Guardian Savings Bank. We're known for
having servicing our loans, having low closing costs and very
very competitive rates, and we appreciate it being one of
the top lenders in Lexton for many many years and
(19:19):
we take pride in that being local, buying local and
stay in local.
Speaker 1 (19:23):
We don't sell the conventional loans.
Speaker 2 (19:25):
You continue to pay Guardian Savings Bank, so we do FHA,
V A U, S D, A, KHC.
Speaker 1 (19:32):
All of those loans.
Speaker 2 (19:33):
We got some of them down payment assistance and so
if we can help you take care of that, then
we will got types of products for non owner occupied farms, churches,
commercial stuff, so we.
Speaker 1 (19:46):
Can help you with any of that.
Speaker 2 (19:47):
Please give us a call eight five nine eight nine
nine one nine three six. One thing I wanted to
share with you. If you're driving around Lexton and in
the area the on ramps, the best way to use
those is get up to speed and use your blinker
and then kind of merge in the traffic. I think
it cracks me up the way people drive. I mean
they want to get to the end of the merge
and then stop or go.
Speaker 1 (20:07):
Don't even try. You know who's doing the driving lessons anymore.
People drive with their bright lights on.
Speaker 2 (20:13):
They driving in the passing lane at this you know,
when people pass them on the right side. Anyway, I'm
just saying, if you're around town, I'm just gonna give
you a little clue.
Speaker 1 (20:22):
They've had that be for a long time there as well.
Speaker 2 (20:24):
I drive up and down seventy five work and it
just I'm just watching every day, you know. So it's
just but it's really common sense. You get protests, you
get up there and put a sign. Maybe I'll catch
how to get one of them LEDs that we were
just talking out of my vehicle and tramp.
Speaker 1 (20:38):
It's called the zipper.
Speaker 2 (20:39):
You go over this pace of the speed and you
move over, you know, murders into the traffic.
Speaker 1 (20:44):
You don't pull up and stop and take off again.
But people just I don't know what the deal is
with the licensing anymore. It's just crazy and it's dangerous,
you know.
Speaker 2 (20:52):
It's dangerous as what scares me because everybody's not paying
attention to what's going on.
Speaker 1 (20:56):
The bright lights Now sometimes that puts you in a headache.
Speaker 2 (21:01):
But anyway, here we go, Larry, here we are, and
we're knocking on the door of April, and statistically speaking,
April is the home.
Speaker 1 (21:09):
Buying season of the year.
Speaker 2 (21:10):
Yeah, so right now the pendulum might be swinging a
little bit in the buyer's favor. So if you've been contemplating,
you might want to get out there and see if
you can find that diamond the rough your dream home.
Speaker 1 (21:21):
But get pre approved. Yeah eight five nine eight nine
nine one.
Speaker 2 (21:25):
Nine three six, or it's six six two five on
a thirty six and a quarter on a twenty and
five point seventy five on a fifteen. And you know,
like I'm telling you, if you if the credentials are right,
you got the dawn payment credit Scores, A good clothesing
costs would be around nine hundred and fifty eight bucks.
That doesn't include any scrows or any prepays or anything
like that. And the ap Y on that five point
(21:45):
seventy five will probably wind up depending on if we're
if we're doing at nine fifty eight.
Speaker 1 (21:49):
Will be five point eight something.
Speaker 2 (21:50):
And don't change the APY APR anymore APR and I
say APY.
Speaker 1 (21:56):
Because we're CD rates.
Speaker 2 (21:57):
But when CDs are currently at four on a five month, yeah,
at y interest compounded daily daily, that's nice. I go
in there and make sure that's been done every day.
There yeah, yeah, not wrong with it. I hope I
don't mess up and do it double day in them
days now. And if you got pre qualified while rates
were a little higher, let's give somebody call Tim.
Speaker 1 (22:17):
You mentioned it early.
Speaker 2 (22:17):
If you've been pre qualified somewhere doesn't mean you have
to stick with them and do your wont if something
comes down, something gets better, you want to shop around
make sure you're getting the best deal it's available.
Speaker 1 (22:26):
And if you're working about.
Speaker 2 (22:27):
Your credit score being pulled again, we may not have to,
but you should have got a credit score reading from
the pre approval letter.
Speaker 1 (22:33):
So if you call Tim.
Speaker 2 (22:34):
Adams and say, well, my credit score was seven to seventy,
I'll be able to give you a fee sheet that's
spent within reason and very accurate. To compare apples apples
once again, no lenders title insurance.
Speaker 1 (22:44):
That eliminates that fee altogether.
Speaker 2 (22:46):
When you compare Guardian Savings Bank with another lender broker, baby,
whoever heard of the wise?
Speaker 1 (22:51):
Do you want to pay that lenter's title insurance? No?
Speaker 2 (22:54):
Well, we always give you a chance about an owner's
title insurance and definitely directly benefit you, then yes, we're
going to give you that option. We don't want you
to be exposed if you feel comfortable, and it's a
peace of mind thing by the owner's title insurance.
Speaker 1 (23:07):
But we don't push the lender's title insurance.
Speaker 2 (23:10):
And people don't know that lenders title insurance only protect
the lender. It's a fee to the borrower, but it
protects and over the whoever's closing the loan from a
mistake that they've made. They've ever looked a lean, or
they've overlooked this, or they.
Speaker 1 (23:22):
Didn't do that. That's all that protects.
Speaker 2 (23:24):
You're paying for protection that you know, based on somebody
else's workload, and that's okay.
Speaker 1 (23:30):
We get an insured protection letter. We don't sell title insurance.
Speaker 2 (23:34):
We serve us our own loans and of the begion
and a half we have how many claims that have
we ever.
Speaker 1 (23:39):
Known of that have ever come out? All I'm saying
is if we were cutting corners.
Speaker 2 (23:43):
We've been in business since eighteen ninety five, I think,
and we've been in the Freddie mc relationship since this
early seventies, so I think someone come up if we
were pulling some sort of you know who doo about
the lenders title insurance.
Speaker 1 (23:58):
But we don't our past customers will tell you.
Speaker 2 (24:02):
Right, you know, well, I mean that's one of the
things that we do to save money. And once again
in servicing our loans and keeping people in touch. I
mean I get calls, you know, at any time during
the day on my cell phone with different questions and
different facets and tim you're the same way. They might
ask you about insurance, they might ask you about an investment,
they might ask you about.
Speaker 1 (24:20):
Buying a new car.
Speaker 2 (24:21):
That's the type of relationships that we develop with these people.
And we don't do boat loans, note loans or car loans,
but people call and talk about more stuff than just mortgages,
you know, and I love that. That's the friendship of
the relationship we make with people. And just like the
girl calling me today and asked me a question about
that other mortgage company.
Speaker 1 (24:37):
She's like, I was just done.
Speaker 2 (24:38):
The impression that was that's what they're you know what
I was told, And I was like, no, no, I said, well,
I'll be just get the quote. I'll get you quoting.
If they got us, they got us. You know, they
do a good job. But it's just do you want
somebody that you can call like me? You know, you
want to keep me in the loop where I can
call and help you with stuff. Come back and do
the business here if you want to go where they
start sell the loan. I got somebody across the country
(25:00):
all are trying to get help. You know. That's I
got somebody who's preparing their taxes. And they called me
that this week and said, hey, Tim, did I pay
any point? And of course that's that's coming from an
account and you know the points. Points are generally called
origination fees or any fee above appraisal title and all
that stuff. And of course she put a sizeable down
(25:20):
payment and no, there were she did not pay any points.
Speaker 1 (25:24):
So she'll that's that was.
Speaker 2 (25:26):
A bummer for her because that's not of taxes nuxt weeks.
Ye know, it is a tax of expense. But she
don't have it well, and her CPA was going, you
paid what and closing costs? Yeah, for a minute, you've
got to be some points or something in here or something. No, no,
that's what the closing costs are. I don't believe it. Yeah, well,
he'll be referring people to you. But it's you know,
that's really the way it is. People are shocks still
that we do what we do, and you know, competition
(25:48):
is good for all of us. I get it, but
just make sure you know what you need to know
when you make that decision. No, but I think they've
made it commonplace to pay points and you don't have
to pay points.
Speaker 1 (25:56):
Depends on the situation.
Speaker 2 (25:57):
Yeah, if you credit out a whack or equity scenario
or something along those lines, might cost you some delivery fees,
and our delivery fees considered points that have to be
they are could any fee above the administrative cost of
us doing the loan, which you know, our closing costs
will always include appraisal, the tile exam, the closing fee,
(26:18):
and recording fees to get all the paperwork recorded properly
at the courthouse, and you want that that has to
be done for public record.
Speaker 1 (26:26):
So above that if.
Speaker 2 (26:28):
Their origination fees or you know, I don't know what
you know, some of these fee underwriting fees or nine
to ninety nine, you know, we just don't have all
those fluff fees. We we we are incurred administrative costs,
and in some situations we do apply an origination fee
or points.
Speaker 1 (26:48):
As it's common, they're referred to by different names.
Speaker 2 (26:51):
Origination fee points, but that's anything extracurricular on top of
the basic.
Speaker 1 (26:58):
Services we provide to do the loan. And that's you know,
that's part of it.
Speaker 2 (27:01):
And the thing is what people don't really how can
they get away with it? There's got to be a
pre payment penalty. You you don't have to have a
check inn savings account with us, we don't have any
pre payment penalties. But our payback is truly in the payback.
Our payback is servicing the loans. That's how we make
the money. Or in order to pay that with those points,
I will just raise your rate from six and a
half to six point seventy five so you can take
(27:25):
a higher rate. You know that will make those points
go away, but you might be paying more of a time.
It might be best just to pay the points and
not take a higher interest rate.
Speaker 1 (27:38):
And it depends on how you do your tax. But
lenders do it both ways.
Speaker 2 (27:41):
They'll buy out those points, but they raise your interest
rate they cover those upfront points.
Speaker 1 (27:46):
So you've got to be careful there. The out of
pocket at the points. It's all very confusing. But I'll
tell you what if you call me a.
Speaker 2 (27:53):
Guardian savings bank at eight five nine eight nine nine
three six. I'm going to give you the real story, Larry,
the facts, the fact, and then you make an educated decision.
And I'm not going to pull your credit. I'm just
going to talk in generics about you know what you're looking.
If you've got us quote from another lander list, I'll
just talk about it and I'll be able to tell
you honestly if that's a good and I do it
me too, I'll say, hey, it's a good deal, I
(28:14):
can't match it. I had a guy called me and
I said, he said, I'm shopping around. I said, I said,
who are you?
Speaker 1 (28:19):
Talk to you so far?
Speaker 2 (28:20):
Some of them I wasn't worried about, you know, because
I know what they're going to do, and I know
that you know a couple I'm just going to sell
the lone SWBC because they're banks.
Speaker 1 (28:28):
You know, that's how they're going to do.
Speaker 2 (28:30):
And I said, if you want to deal with somebody
local who the people referred you in here did it
for a reason, and that's because we're they're in our family.
They understand it, and he has every right to, you know,
shop them. Look around, said, look, let me know what
you find. I think I'm going to transfer my title
now to the new hip influencer. Doesn't an influencer know
a lot about something? Yeah, you know, I think we're
(28:50):
modern day influencers about mortgage business.
Speaker 1 (28:53):
I don't know. Well I would think so, and I
would hope so we do it. You know, we do
a good job. I mean we we want to influence
you to make an education decision.
Speaker 2 (29:00):
Yeah, and we'll help you. And if somebody's got us beat,
they got us beat. If it ain't the right time
to do something, we'll wait until it is the banking
and let us do it. It don't make any sense anyway.
And if we were unscrupulous w L A T and
probably ask us to be relieved, we would have been
dulged long ago. You know, Bruce Pearl's bringing his Auron
Tigers into Lexington, and I'm kind of excited about it,
(29:21):
except my cousin may ask for a place to crash
for a couple of days. He's he's a big Auron fan.
I hope you get back from Milwauk here you meantime. Well,
that's all right, it's good. I love March madness.
Speaker 1 (29:33):
It's fine.
Speaker 2 (29:33):
I got me some brackets filled out gonna have some
fun with it. Got some squares for some final numbers
and see what will happen with that. Looking forward to
it and hopefully UK can win a game or two
being Indie next weekend, if they win this weekend up
there in Milwaukee, and but tim this this market, we're
hoping that the things continue to happen. I know that
there's a lot of talk about these tariffs and that
and everything. Everybody really doesn't know what's gonna happen. But
(29:53):
the ten year bond market is literally what's driving these rates,
and we do see some improvement in them. They have
come down a little bit, and I think that they're
going to get better.
Speaker 1 (30:01):
They have it yet. But marry the home date the loan.
Speaker 2 (30:03):
If you can come in now and get pre qualified
and you can find something you like. The lower the
rates go, the more competition you're going to have on
your bids, you know what I mean. That's that's the
bottom line. You can you can look at it however
you want to, but you're just gonna have to be
able to have more people compete with.
Speaker 1 (30:17):
But get it now and as it goes down, we'll
refinance it.
Speaker 2 (30:20):
We don't have any pre payment penalties, and you can
refinance it any time, if you've been in your home
for a year, eight months, whatever, you know, let's take
a look at lobby. These houses appreciate tim they might
get a mortgage insurance.
Speaker 1 (30:30):
That's I'm telling them what we can save the money on. Yep.
Speaker 2 (30:32):
You know, PMO call this week with just a few
minutes research. I had him a name and we sent
it the forums up to request it. And how much
of a peace of mind is that as he picked
up the phone and talked to somebody. He called Cincinnati
and talked to somebody.
Speaker 1 (30:45):
Boom.
Speaker 2 (30:45):
They got enough information. They're gonna do some homework and
they're gonna get rid of the mortgage insurance. Don't have
to refinance, don't have to do nothing. That's your local
service for you to be local, by local and stay local.
We're gonna take another break. Your list of Welcome Home
show about Guardian Savings Banked open a day from nine
to one. Numbers eighty five nine eight nine nine one
nine three six South and Drives eighty five nine two
six three three three three five. You can hear you
(31:06):
can call us. Hey, you're going to be listening to
some music this weekend from Jordan Allen. He's out of
the LA area, that's London. Listen to some of his music,
yess some great stuff. He's a good entertainer. You listen
to Welcome Home Show by Guardian Savings Bank on News
Radio six Sturdy w Lap. We'll be right back.
Speaker 1 (31:21):
You're back listening to Welcome Home Show by Guardian Savings Bank.
We're opening a day from nine to one. Phone numbers
eight five nine, eight nine nine one nine three.
Speaker 2 (31:29):
Six South and drives eight five nine two six three
three three three five, So if you can hear, if
you can call us six point six two five on
a thirty or six six and a quarter on a
twenty five seven five on a fifteen. Closing costs or
around nine hundred and fifty eight bucks. With the equity position,
good credit score, we should be able to do that.
If not, we'll have some delivery fees, but we'll figure
it out. We're just point us, yeah, our point Yeah.
(31:51):
We'll still have the uh should be some of the
lowest closing costs in the area and the rates should
be fairly competitive.
Speaker 1 (31:56):
So what's keeping eye on this bond market?
Speaker 2 (31:59):
Ba fha usd AKHC first time home buy Our program's
community plus. We got all the loans that we can do,
you know, if we can help you some of them.
We don't service all the conventional stuff we service. Any
of the government loans we do not service because of
the way that they're the way that they underwrite them,
and they do have title insurance on them. On our loans,
we don't have the title insurance. Well, we talked quite
a bit this week this weekend in the show, so
(32:22):
you know, keep that in mind. But Hey, forri Intown
visiting and you're you're here for the Washington basketball we
hope your team wins, whoever they may be. We hope
you have a great time. Don't be shocked at the
hospitality of the people in Lexington. It's a great place
to be. It's a great place to live and people,
you know, appreciate the visitors and the kindness. I've got
family members from abroad ten and when they come out here,
this kind of freak out on when somebody holds the
(32:43):
door open for him or you know, thank you, or
you know, they just not used to that different parts
of the country, they just kind.
Speaker 1 (32:49):
Of freak out. What's the skin say, Well, people are
pretty good around here.
Speaker 2 (32:52):
We are friendly state and we are friendly town. And
I've loved ever minut of living in Lexington, Kentucky.
Speaker 1 (32:58):
Yeah, and me too, and I'm proud of it.
Speaker 2 (33:00):
And I think that anybody's in town today had to
be hard pressed to leave with a bad taste in
their mouth. You know, I mean, you got good food,
you got good service, you got good people. You're here
watching a basketball team for your first time in town. Yeah, hey,
get some good local food, Ramseys, Winchels.
Speaker 1 (33:15):
What's some other good local places?
Speaker 2 (33:16):
You know, it's just get American, yell American. That'll be
hopping this time of year. But there's a lot of
a lot of great places. Two fisted willlies. Get down
there and check that out. If you're downtown, you get
to hear some live music down there. There's a lot
of good venues. Austin City Saloon, great venue to visit,
cocktails one and two. You got two places there, Alicia
Huffing and then was there last night on Friday night. Right,
(33:38):
I'll throw out my neighbors out here at Carson's and
andover Yeah, great spot, great spot there. And my other
words of wisdom that I wanted to throw out on
the radio today just for common sense, is had somebody
that had their car worked on recently? Ten I know
you've done that a time or two, and this is
just one of those common sense things you don't think of.
But it was a regular dealer and then and they
(34:00):
didn't ask for them to save the parts or see
any of the boxes on the new parts. So they
had some front end work done and when they rebuilt
the front end, they put the wrong size stuff in
there and locked down the transmission, roaders, bearings, everything fried
on it.
Speaker 1 (34:15):
Don't get it fixed.
Speaker 2 (34:16):
But the moral of the story is, if you go
get your car worked on, you're listening to the show,
asked for the parts that are removed from the car, telling.
Speaker 1 (34:21):
You'll dispose of them, you want to see them because.
Speaker 2 (34:23):
They would have recognized right then if they you know,
when they can in the boxes of the stuff they
put in, they would say, wait a minute, that's for
the wrong car. It was good, it was about to
be bad, and thank god they recognized before.
Speaker 1 (34:34):
But I mean, mistakes happened.
Speaker 2 (34:35):
We'll throw some hints out every once in a while
when we hear of a little travesty like that. Yeah,
just be happy they weren't flying your plane exactly.
Speaker 1 (34:42):
And if it would have been, it would have been bad.
I was just you know, you just hear about that
stuff and you're like, you got to be Kimmy.
Speaker 2 (34:47):
It's a well known place. But they read did the
front end with completely the wrong stuff. People get rid
on spring breaks and man, thing ain't driving right. You know,
went in there and it wasn't. It was all falling
apart because it was under the wrong stuff. So just
be on your tone when you do that type of stuff.
Speaker 1 (35:01):
Man.
Speaker 2 (35:01):
People don't do it intentionally, but people make mistakes. And
if you're going to spend money, make sure you get
it and you've had it. You've had your car worked
on and.
Speaker 1 (35:07):
All turned out all right.
Speaker 2 (35:09):
I did get reputable and they honored everything on the warranty,
and I was very tickle about that because it seems
like sometimes these warranties, they'll try to find every reason
why not on it your lane, pay your bills on time,
don't accumulate too much credit scores that you have to
have free open lines of credits right and with you know,
not the biggest balances on them. Talked about that recently,
(35:31):
but give us a call. Eight five nine eight nine
nine nine six. Let us get your pre approved, let
us take a look to see where you're at. Let's
get a plan, get your pre approval letter, and keep
you moving forward. The phone is ringing, people are out
buying properties. Tim they're going to keep on and the
lower the rates get, the more competition you're going to have.
That's just all it boils down to. I mean, that's
just the facts. Well, we just have to trust that
(35:53):
we're on the right track as far as this economy
and run wasn't built today. And hopefully I know this
week that Trump actually made a pleat at your own pile,
you know, with the tariffs, and we don't understand all
the dynamics, but with tariffs, we need to go ahead
lower interest rates for enterbank lending because really the Federal
(36:13):
Reserve is the biggest lending. It's our bank, it's the bank,
it's the world's bank.
Speaker 1 (36:19):
And they're unelected elected, and you know those guys are
just figureheads. I mean it's they got to know how
they get membership.
Speaker 2 (36:26):
Yeah yeah, Well, if the American people think that rich
people hadn't been you know, this Elon Musk.
Speaker 1 (36:34):
You know, I don't want to get into that.
Speaker 2 (36:35):
But if Americans think that the Elon Musk of the
world haven't been running this country for since nineteen thirteen.
Speaker 1 (36:43):
Yeah, that's crazy.
Speaker 2 (36:44):
Hey, you're going to be listening to some music this
weekend from Jordan Allen. He's out of the LA area.
That's London, London, Kentucky. But anyways, recently on the Voice,
he's done a great job. He's a good friend of mine.
He's got some stuff out here on Spotify, iTunes and
all that stuff. I can't remember if he's still in
the Voice or they have so many Yeah, so it's
so pre it's you know, it's all pre taped and everything.
He had a good time out doing it. I've seen
him here locally recently.
Speaker 1 (37:04):
But listen to some of his music. He has some
great stuff. He's a good entertainer and he's a good friend.
Speaker 2 (37:08):
So you can find him on Facebook, iTunes, Spotify, all
those different outlums like that. So give him a look,
give him a listen to see what's going on in Georgia.
Stayn and Lexington. We hope your team wins, and we
hope the UK wins as well. So have a great weekend.
You've been listened to Welcome Home Show by Guardian Savings
Bank for Tim Adams Larry Faith call Us at eight
nine nine nineteen thirty six eight five nine eighty nine
(37:28):
nine nineteen thirty six.
Speaker 1 (37:29):
Listen to Welcome Home Show by Guardian Savings Bank on
the News Radio
Speaker 2 (37:32):
Six thirty w Lab'll be back next weekend snows
Willmaurning Laxhington. Your listen to Welcome Home, Show Back Guardian
and Saving Bank.
Speaker 2 (00:11):
I'm glad you phrase. Tim Adam's in here with me
this morning. We're taping the show a little early. Tim's
headed to Milwaukee check out the Cats. So we're doing
it on Thursday. We can add up there Friday and
hang out and see what's going on. So we can't
comment a whole lot about what's going on in the
tournament at this point. So Tim, I hope you have
a good trip up there. I know you've got some
money from Pope. You got a hold of him and
he got some of that free money he was giving
out to people, and you're gonna take advantage of it.
(00:33):
And I don't blame you. But anyhow, we're we're we're
recording a little early this week. So banks open today
from nine to one. pH numbers eight five nine, eight
nine nine six South and drives eight five nine two
six three three three three five. So if you can
hear so, you can call us CD. Rates are still
in pretty good shape over there. If you've got some
money you want to put in a safe place for
(00:54):
five or six.
Speaker 1 (00:55):
Months, and you can do that we always have that option.
Speaker 2 (01:00):
And then obviously mortgages and the mortgage rates are in
line six six, two five on a thirty, five point
seventy five on a fifteen, and six and a quarter
on a twenty. Those are fixed rates. So if you
want to see about saving yourself some money, if you
bought a home over the last eighteen months or so
when rates were above seven percent, it'd be time to
look at redoing it. You might be able to get
(01:21):
a mortgage insurance, lower your rate, the standard closing costs
with the right equity and credit score and so on
and so forth. By nine hundred and fifty eight bucks,
give or take a little bit. I think something just
changed on the costs of the credit reports, so it
might be a little bit more. But that's what everything
we need to get your loan together. That doesn't include
any prepaids or escros, so just be aware of that.
(01:44):
But so and we think that you know, rates are
the Feds aren't doing anything with prime. This week that
came out and there's been some good figures coming back
with what's going on in the economy, and we're glad
to see that. We knew eventually they would come around
a lot of these numbers are averaged over a year
or two, like the CPI, and some of those you
got to go all the way back twelve months and
average out and see what's going on. Some of them,
(02:04):
it does come out month to month, but you got
to look back for the last twelve to really figure
out where your average is coming from. And ten year
Treasury note that's what dictates these rates. Ten and a
lot of people don't realize that. They think that that
you know, prime rate is where it comes from, and
that's not it right, and that you know, no thics.
You did it for a living like we do. He
may or may not know how that works.
Speaker 1 (02:25):
But I'll tell you what.
Speaker 2 (02:26):
I had to call this with customer at eight and
a quarter a nice retirement portfolio.
Speaker 1 (02:33):
So boy, that five point seven five kind of jumped
out there when you're looking today. Yeah, you know, you're
like good law. Yeah, you get an amen.
Speaker 2 (02:45):
She's on the she nabbled around, and so I want
to talk to her a little bit more. And you know,
and but Larry, that's really a decision that her financial
advisor might want to weigh in on, because you are
pledging that's your investment that's your that's more of an
investment now because with fifteen year mortgage, the payment, all
that extra payment's going straight to ward it when win
(03:07):
win to the principal ballance, right, Well, I mean it's
you know, I've got a lady that's a returning client that.
Speaker 1 (03:15):
I told her.
Speaker 2 (03:16):
I said, hey, I'm in the same boat. You know,
she got a child in college. They're trying to get
that done. They run up some credit card debt and
some different things, and she said, I'm going to need
to do a consolidation, and I'm really the rate's going
to stay the same. She's at six and a half
and I'm gonna redo it at six and a half
on a one year arm gonna cost her nine hundred
and fifty eight bucks. I'm going to give her cash
out to pay off all of her credit cards, and
(03:37):
her payment's going to change a little bit, not much,
but it's going to save her I don't know, thirteen
or fourteen hundred dollars a month in payments. Her mortgage
payment's going up maybe two hundred and thirty seven dollars,
and her savings month is gonna be around seventeen hundred bucks,
you know, And then we can, you know, roll it
back over to fixt rate when the time comes. But
the one hot, one year arm at six and a
(03:58):
half percent, I'm gonna use it as debt. Consolidate, not
paying delivery fees, get all of her stuff cleaned up,
put everything into one, and then she'll come back when
rates come down. We'll refinance it to a fixed rate
and go from there and she'll just have one loan
to contend with, no cash out fees or anything.
Speaker 1 (04:13):
And just a thought, Larry, ain't all.
Speaker 2 (04:15):
I saw the news last week that car loan late
payments on car loans are becoming.
Speaker 1 (04:21):
More and more.
Speaker 2 (04:24):
Common, so to speaks, not common, but we're missing car payments.
So it might makes sense to say, well, you know,
you signed up a car loan for seventy two months
or fifty whatever, it might makes sense just go ahead
and pay that car loan off with a consolidation.
Speaker 1 (04:42):
Yeah. Absolutely.
Speaker 2 (04:43):
And you know, if the cars are going to be repolld,
you know which ones go first, the ones with the
most equity.
Speaker 1 (04:48):
That's right.
Speaker 2 (04:49):
I want to tell you something, is there any way
or you know, I'm gonna and I'm gonna make a
point here in a second, I'm asking you a question.
Is there any lender or builder, or or property owner
out here that we you or I would deal with,
or anybody in the public would deal with that had
that can command you or demand you to use a
particular mortgage company by law, by law, that's that's not
(05:13):
supposed to happen, Okay, because because I've had three calls
over the last several months where there's somebody in town
that that these people are buying homes for, are having
homes built, that are being told that they have to.
Speaker 1 (05:24):
Use a particular company. Well, I don't know if they
say it like that, Larry, or if they say are
preferred Linder.
Speaker 2 (05:31):
Well, I had a conversation again this morning, and that's
with a link. I was on the phone again today
with a client of ours, who's who's who was pretty
certain that her realtor was shocked that, you know, she
was going to use.
Speaker 1 (05:43):
Somebody other than than Walden.
Speaker 2 (05:45):
And you know, she said, I thought that was the
only choice that I had, and that's what the realtor
had told her. And she's then the realtors was shocked
when she found out that's not true. But there's a
lot of people that have to understand that. And then
so my next question is no out of pocket. So
you got people.
Speaker 1 (06:02):
Saying you got to use a certain person and you don't.
Speaker 2 (06:04):
You do not have to use it. I know they've
got two percent built in for closing costs and so
on and so forth. That's fine and dandy. If you
don't use them, you don't get the two percent credit.
That's a great deal. We love that the people use
them all the time. They do a good deal. They're
not going to service the loan, you're not going to
pay them, but they do. I'm not saying they do
a bad job. I'm just saying that they the verbiage
of how people are being you feel like they're being
(06:25):
forced to use them, you know, and you have a
right to shop and I don't. You know, if somebody
wants to call me out and say something, that's fine.
I'm not sayingthing bad about it. I'm just saying that
the presentation needs to be done properly. And then you
go to that no out of pocket is the next trick.
And I'm not talking about that group anymore. I'm talking
about other people where recently we were talking about one
of our clients called and said, my I'm getting half
(06:45):
a percent less in interest, but my payment's going up
thirteen dollars. Well, you went from having a two hundred
and thirty four thousand dollars loan to two hundred and
fifty thousand dollars loan because they're charging sixteen thousand dollars
in closing cost. That's right, and we're getting ready or
move into a possible refinance boom for a lot of
Americans at GUP rates up furs to eight percent. So
in the same way with a lot of purchases.
Speaker 1 (07:07):
And the.
Speaker 2 (07:09):
Sailing agent is already trying to say, well, here's who's
going to do the title work. Well, that's that may
or may not be in your best interest unless it's
one of our bona fide, you know, affiliations, because we
don't charge lenders title insurance with our preferred title attorneys.
Speaker 1 (07:27):
Although it is a choice right.
Speaker 2 (07:29):
And you can pick your own, but I have seen
that too recently at Louisville. It's in all the contracts.
It's really well. I had the same conversation with somebody
this week, got a contract in and they had a
company that we've tried to hire several times, but they
want to sell title insurance. We don't need title insurance,
so we never have been able to get them hired.
I said, you can use them if you want to.
It's gonna cost you whatever the title insurance is and
what their fees are, or it'll cost you two ninety five,
(07:52):
three thousand or two ninety five.
Speaker 1 (07:54):
I think I'll take the two ninety five, you know
what I mean.
Speaker 2 (07:56):
And then a lot of realtors having what we long
the news this year already seventy percent of real TRUP
didn't even close the deal last year.
Speaker 1 (08:03):
And that's true.
Speaker 2 (08:03):
The economy is that crazy. But I just don't get
any better. You do your job selling the selling, getting
the home sold. We'll do our job putting a loan together,
trying to save them as much money as we can.
If you're dealing with Guardian, you're gonna get that loan
that's going to be good, it's gonna be quality. You're
gonna have vote closing costs. You're gonna have as good
a rate as anybody else. You're gonna have somebody you
can call, just like the girl that called me today.
Been in the family for several years, you know. And
(08:25):
was the question about the other mortgage company. She was like,
I was under the impression I had. I said, no,
when it gets closer, you get the quote from then
we'll get a quote. We'll see if we can do it.
I said, But you do it, you can shop. You know,
she wants to go to USAA because of her military background.
She's you know, she can go.
Speaker 1 (08:40):
And she wants to go to Pencrep from whatever type
of loan she wants.
Speaker 2 (08:43):
But as we talk often about the seclotal or cyclical
nature of the industry all together now or trance, Uh,
that's coming the loops coming back around Larry where it's
more of a buyer's market now than it was a
seller's market, and broad brush across the country. But now
bars are having a little more leverage in the deal
(09:05):
days on market's kind of gone up, and there seems
to be some you know, some resistance here on home sales. Well, yeah,
I agree with it, and it's you know, they're not
making any more land.
Speaker 1 (09:17):
We know that.
Speaker 2 (09:18):
And I think that if you qualify for a home
now and you have something out there you want to buy,
and the rates are at sixty six two five, get it,
marry the home date, the loan if the rates come
down in the five area, which we think they will eventually,
then we'll refinance it again. And if everything's right, it's
nine hundred and fifty eight bucks.
Speaker 1 (09:33):
You know.
Speaker 2 (09:34):
But that current homeowner is looking at his rate of
three percent, he's got to draw a line in the
sand as far as were he would make a move,
to make a move that he would have done years ago,
but not at eight.
Speaker 1 (09:45):
So where's that colerance level?
Speaker 2 (09:46):
Which are borrowers now to in order to sell the
house that they've they should have sold or they've been
meaning to sell or need to sell and buy something
bigger there? It is, Well, if they've got enough equity
and they they're bringing in and just rolling the equity
over the other, it's going to be higher. But the
financing list, you know, for a bigger and nicer home.
So but once again, Mary, the home date the loan.
They don't have to keep their will forever. Either five
(10:08):
point seventy five or a fifteen year fix is a
very attractive sounding rate if that fits into your financial plan,
to go ahead and to start hammering down on the
prince of reduction year loan which will create you to
be mortgage freak with her. And I don't mean that
these realtors out here in this area are some of
the best that I'm in the world as far as
i'm I mean with everything that gone and in the
(10:30):
recession and all that stuff. I mean, how they handled
this market and did everything. And there's a lot of
new people in the game, but it's you know, especially
our friend Woody Woodrom he's Jim Jim job does wood
You know he's been servicing now the Lexington Quarter for
many years. Well you'll hear him on this one every week.
He's been a faithful supporter of our mission. Yeah, and
(10:53):
uh he agrees like we do that. Well, we'll probably
never see rates down in the threes in our lifetime.
Speaker 1 (10:58):
Yea.
Speaker 2 (11:00):
So now is the time to pull the trigger on
something if we're if we're getting knocking on the door
here at six point six two five today on a
thirty year fixed, but that's a far cry from eight. Yeah,
you've got Ross's coming, got Robin Jones of all kinds.
Are good realtors out there that that are they're come
and do stuff with us, and uh, we appreciate all
(11:20):
the realtors. I mean, we had relationships on Alex and
Lori and Kyle. You know you've got yours. Everybody's got
their own connections and and that's what it's about.
Speaker 1 (11:28):
And we just want to keep on keeping on with it.
Speaker 2 (11:31):
But I just want people to know that you have
the flexibility to shop and pick a loan and go
wherever you want. You're not mandated to do anything with
anybody us either. And I tell people all the time,
let me take an application from me, you can steal shop.
Speaker 1 (11:43):
I don't care.
Speaker 2 (11:43):
If somebody has a better deal, so be it. And
let's put this misnumber to rest. Okay, say Linda b
go and say ahead and preapproves, you send out a
letter and then perhaps somebody says, we'll call Tim Adams
of Guardian and I call and they call me in.
Speaker 1 (11:56):
I give him a rough sm what the fee sheet's
going on the clock. You're tied to that pre approval letter. No,
you can't find another lender at that time. Absolutely tell
you something close that loan. That's a great point. People
think they've got a pre approval or.
Speaker 2 (12:08):
Somebody and they can't. They can't still can't shop and uh,
just get the best deal. You're gonna get the biggest
investment you're gonna make. So you need to be cognizant
of what what you're paying fee wise, who you're dealing with,
who's a phone call away, who's gonna sell your loan,
who's gonna service your loan? Be local by local, and
stay local. And that's what you're gonna get with Guardian.
And you're gonna get as good a rate as anybody else.
You're gonna get costs that are gonna be cheaper than most,
(12:29):
and you're gonna have a rate and a friend and
terms and and just being the family.
Speaker 1 (12:35):
Just come be in the family.
Speaker 2 (12:36):
So we're gonna take our first break. You are list
of the Welcome Home Show by Guardian Savings Bank. We're
opening to day from nine to one. Phone numbers eighty
five nine, eight nine nine one nine three six Southern
Drives eight five nine two six three three three three
five So if you can hear, she can call us.
Speaker 1 (12:52):
You listen to Welcome Home Show by Guardian Savings Bank
on two grade six thirty w l ap bere right that.
Speaker 2 (13:00):
You listen to what pone show by Guardian Savings Back
Very Freaks. Tim Adam's in here with you this Saturday morning.
Actually that's not true. We're doing it on Thursday. I
just I just playing it up. That's my acting.
Speaker 1 (13:10):
It's good. But uh, you know, even La it is Thursday. Uh.
You know, we've seen we've got up.
Speaker 2 (13:16):
It's an excitement in Lexington with us hosting the regionals here.
We've got the we've seen Louisville Creighton plague, and we
got Auburn playing later on with a potential. It doesn't
look like Louisville now it's going to be an Auburn
Creighton matchup. Looks like they were all torn up about
having to play Louisville in a home in the really
(13:37):
the home court. Now that's a non issue there. Yes,
louivell is no longer in the in the mix. Hey
banks open to day from nine to one. Phone numbers
eight five nine, eight nine nine nine three six South
and drives eight five nine two six three three three
three five.
Speaker 1 (13:52):
So if you can hear us, you can call us
once again.
Speaker 2 (13:55):
We're just in here talking about rates, the market and
so on and so forth. You know, last year we
had a big increase in insurance rates across the board,
so you need to get your information out and check
on that. It happened to each and every one of us.
And if you've got some issues with your s grow
and so on and so forth, which I've had tons
of calls, had it happened to my own, you know,
I knew what my bill was. That's what I prepared for.
(14:15):
My bill went up. When it came out, bank took
care of it. I had to settle up with the
bank and rearrange my ascrow payments, and that's what happened. So, boy,
insurance has just become a big you know, something you
need to pay attention to. And Tim, we've always said
that you're going to start off with the best you
can and as low as you can, because they ain't
going to call you up and lower itt not you
need to do about your property taxes, but there is
(14:37):
something you can do about your insurance.
Speaker 1 (14:39):
You can do something on your property taxes.
Speaker 2 (14:40):
Hey, you're old enough, go down there and get that
Golden award or whatever it is for the people over
seventy two.
Speaker 1 (14:45):
I got the home settings in you did. It's gone.
I've been able to.
Speaker 2 (14:51):
Keep that fire rolled and I got you that was
a nice little benefit and little savings on my budget.
As I go into my well, I'll call I guess
twilight years. But you know, the markets were pretty stable
this week. We didn't see a whole lot of movement.
You know, the down has been a tennis match. It's
up one day, down a x and and all this
(15:13):
uncertainty is driving the investors to pause or consider where
their investments are going. And you you know, you hear
all about you know, what's going on with the artificial
intelligence and bitcoin and the government trying to stockpile reserves
of bitcoin as a backup currency. I don't know, that's
(15:35):
be all my pay grade once again, how bitcoin is
going to be held as an asset by the federal government.
But it seems like there's a big push right now
to acquire cryptocurrency, and it's you're going to hear more
and more and more about it, and artificial intelligence plays
a role in that too, and it's it's just an
(15:56):
exciting time from a technological standpoint. Well, I think what
we need to do is to just go back and
watch all the episodes of The Simpsons, because they pretty
much predict a lot of these things to them, and
see what we need. Investor in Marnion, I mean, your
cartoon is just as good as notes dedmus In some
of these things. I mean, well, well, we have a
we have a friend in common that has gotten into
(16:18):
the LED lighting did.
Speaker 1 (16:20):
Yeah, And I was at a new I was looking.
Speaker 2 (16:23):
We were at a new construction the other day. It's
an industrial just in that one. Yeah, And I was
looking up at the light and they very much looked
like the old style fluorescent lights, but they were LED.
Speaker 1 (16:36):
Yeah, but you couldn't tell the difference.
Speaker 2 (16:38):
I got all that stuff in my house, but my
electric bill shore don't show it, you know. I mean
I and I see that all the time, where we're
doing all these things to save all this parent electricity,
but my bill been horrible last up of months, and
I don't have I thought Bluegrass are ECC was bad,
but ka you we had to go the candles, yeah,
and get back to if we can get some old.
Speaker 1 (16:59):
Yeah, but it's crazy, and it's you know, everybody's getting it.
It's the same thing.
Speaker 2 (17:04):
But yeah, Justin's doing the LED lighting, redoing some factories
and stuff around here, and it'll save them a ton
of money. They've got some incentives for all that stuff.
So that's another good way of doing it. But you
have the economy. The news has come out. The stock
market was up, it was down back and forth, and
the bond market's been holding fairly steady.
Speaker 1 (17:20):
It's not really rock one way or the other.
Speaker 2 (17:22):
And that's unheard of because there's just such a knee
jerk reaction every time somebody raises a pen in Congress.
It seems like, you know, they just fall to their
knees and start selling and creating issues in the bond
market as not your home though. Did somebody get saved?
Who did that? Or by funny you don't hear about
it on the news. You know, just what a great
human to be able to understand gravity, speed, force, g
(17:44):
forces and all that stuff, to control something in space,
to be able to go save somebody like they did
and recapture the rocket that was used. Pretty cool stuff.
Absolutely landed right back down like a feather.
Speaker 1 (17:55):
Well, but anyway, we're gonna take another break.
Speaker 2 (17:56):
You're listen to Welcome Home show about Guardian Savings banko
for to day from nine to one. Phone numbers eight five, nine,
eight nine nine one nine three six South and Drives
eight five nine two six three three three three five.
You can hear she calls nine hundred fifty eight bucks
for a refinance and if everything falls right, we'll go
from there. So, hey, you're going to be listening to
some music this weekend from Jordan now and recently on
(18:17):
the Voice.
Speaker 1 (18:17):
He's done a great job. He's a good friend of mine.
Speaker 2 (18:19):
He's got some stuff out here on Spotify, iTunes and
all that stuff.
Speaker 1 (18:22):
But give him a look, give him a listen. You listen.
What Home Show by Guardian Savings Bank on News Radio
six is thirty Home of your Kentucky Wildcats w LAP.
We'll be right back. You're back listening to Welcome Home
Show by Guardian Savings Bank.
Speaker 2 (18:35):
Larry Freks, Tim Adams in here capping at you this morning,
cat and at it getting it gold basketball All weekend
started on Thursday, actually started on Tuesday. Yeah, playing and
everybody rolling around and see what's happening. Gett into the
march madness. So if you're in town, we appreciate you
coming and help you have a good time. Banks open
from nine to one. pH numbers eight five, nine, eight,
(18:57):
nine nine one nine three six rides eight five nine
two six three three three three five. You can hear
you can call us Guardian Savings Bank. We're known for
having servicing our loans, having low closing costs and very
very competitive rates, and we appreciate it being one of
the top lenders in Lexton for many many years and
(19:19):
we take pride in that being local, buying local and
stay in local.
Speaker 1 (19:23):
We don't sell the conventional loans.
Speaker 2 (19:25):
You continue to pay Guardian Savings Bank, so we do FHA,
V A U, S D, A, KHC.
Speaker 1 (19:32):
All of those loans.
Speaker 2 (19:33):
We got some of them down payment assistance and so
if we can help you take care of that, then
we will got types of products for non owner occupied farms, churches,
commercial stuff, so we.
Speaker 1 (19:46):
Can help you with any of that.
Speaker 2 (19:47):
Please give us a call eight five nine eight nine
nine one nine three six. One thing I wanted to
share with you. If you're driving around Lexton and in
the area the on ramps, the best way to use
those is get up to speed and use your blinker
and then kind of merge in the traffic. I think
it cracks me up the way people drive. I mean
they want to get to the end of the merge
and then stop or go.
Speaker 1 (20:07):
Don't even try. You know who's doing the driving lessons anymore.
People drive with their bright lights on.
Speaker 2 (20:13):
They driving in the passing lane at this you know,
when people pass them on the right side. Anyway, I'm
just saying, if you're around town, I'm just gonna give
you a little clue.
Speaker 1 (20:22):
They've had that be for a long time there as well.
Speaker 2 (20:24):
I drive up and down seventy five work and it
just I'm just watching every day, you know. So it's
just but it's really common sense. You get protests, you
get up there and put a sign. Maybe I'll catch
how to get one of them LEDs that we were
just talking out of my vehicle and tramp.
Speaker 1 (20:38):
It's called the zipper.
Speaker 2 (20:39):
You go over this pace of the speed and you
move over, you know, murders into the traffic.
Speaker 1 (20:44):
You don't pull up and stop and take off again.
But people just I don't know what the deal is
with the licensing anymore. It's just crazy and it's dangerous,
you know.
Speaker 2 (20:52):
It's dangerous as what scares me because everybody's not paying
attention to what's going on.
Speaker 1 (20:56):
The bright lights Now sometimes that puts you in a headache.
Speaker 2 (21:01):
But anyway, here we go, Larry, here we are, and
we're knocking on the door of April, and statistically speaking,
April is the home.
Speaker 1 (21:09):
Buying season of the year.
Speaker 2 (21:10):
Yeah, so right now the pendulum might be swinging a
little bit in the buyer's favor. So if you've been contemplating,
you might want to get out there and see if
you can find that diamond the rough your dream home.
Speaker 1 (21:21):
But get pre approved. Yeah eight five nine eight nine
nine one.
Speaker 2 (21:25):
Nine three six, or it's six six two five on
a thirty six and a quarter on a twenty and
five point seventy five on a fifteen. And you know,
like I'm telling you, if you if the credentials are right,
you got the dawn payment credit Scores, A good clothesing
costs would be around nine hundred and fifty eight bucks.
That doesn't include any scrows or any prepays or anything
like that. And the ap Y on that five point
(21:45):
seventy five will probably wind up depending on if we're
if we're doing at nine fifty eight.
Speaker 1 (21:49):
Will be five point eight something.
Speaker 2 (21:50):
And don't change the APY APR anymore APR and I
say APY.
Speaker 1 (21:56):
Because we're CD rates.
Speaker 2 (21:57):
But when CDs are currently at four on a five month, yeah,
at y interest compounded daily daily, that's nice. I go
in there and make sure that's been done every day.
There yeah, yeah, not wrong with it. I hope I
don't mess up and do it double day in them
days now. And if you got pre qualified while rates
were a little higher, let's give somebody call Tim.
Speaker 1 (22:17):
You mentioned it early.
Speaker 2 (22:17):
If you've been pre qualified somewhere doesn't mean you have
to stick with them and do your wont if something
comes down, something gets better, you want to shop around
make sure you're getting the best deal it's available.
Speaker 1 (22:26):
And if you're working about.
Speaker 2 (22:27):
Your credit score being pulled again, we may not have to,
but you should have got a credit score reading from
the pre approval letter.
Speaker 1 (22:33):
So if you call Tim.
Speaker 2 (22:34):
Adams and say, well, my credit score was seven to seventy,
I'll be able to give you a fee sheet that's
spent within reason and very accurate. To compare apples apples
once again, no lenders title insurance.
Speaker 1 (22:44):
That eliminates that fee altogether.
Speaker 2 (22:46):
When you compare Guardian Savings Bank with another lender broker, baby,
whoever heard of the wise?
Speaker 1 (22:51):
Do you want to pay that lenter's title insurance? No?
Speaker 2 (22:54):
Well, we always give you a chance about an owner's
title insurance and definitely directly benefit you, then yes, we're
going to give you that option. We don't want you
to be exposed if you feel comfortable, and it's a
peace of mind thing by the owner's title insurance.
Speaker 1 (23:07):
But we don't push the lender's title insurance.
Speaker 2 (23:10):
And people don't know that lenders title insurance only protect
the lender. It's a fee to the borrower, but it
protects and over the whoever's closing the loan from a
mistake that they've made. They've ever looked a lean, or
they've overlooked this, or they.
Speaker 1 (23:22):
Didn't do that. That's all that protects.
Speaker 2 (23:24):
You're paying for protection that you know, based on somebody
else's workload, and that's okay.
Speaker 1 (23:30):
We get an insured protection letter. We don't sell title insurance.
Speaker 2 (23:34):
We serve us our own loans and of the begion
and a half we have how many claims that have
we ever.
Speaker 1 (23:39):
Known of that have ever come out? All I'm saying
is if we were cutting corners.
Speaker 2 (23:43):
We've been in business since eighteen ninety five, I think,
and we've been in the Freddie mc relationship since this
early seventies, so I think someone come up if we
were pulling some sort of you know who doo about
the lenders title insurance.
Speaker 1 (23:58):
But we don't our past customers will tell you.
Speaker 2 (24:02):
Right, you know, well, I mean that's one of the
things that we do to save money. And once again
in servicing our loans and keeping people in touch. I
mean I get calls, you know, at any time during
the day on my cell phone with different questions and
different facets and tim you're the same way. They might
ask you about insurance, they might ask you about an investment,
they might ask you about.
Speaker 1 (24:20):
Buying a new car.
Speaker 2 (24:21):
That's the type of relationships that we develop with these people.
And we don't do boat loans, note loans or car loans,
but people call and talk about more stuff than just mortgages,
you know, and I love that. That's the friendship of
the relationship we make with people. And just like the
girl calling me today and asked me a question about
that other mortgage company.
Speaker 1 (24:37):
She's like, I was just done.
Speaker 2 (24:38):
The impression that was that's what they're you know what
I was told, And I was like, no, no, I said, well,
I'll be just get the quote. I'll get you quoting.
If they got us, they got us. You know, they
do a good job. But it's just do you want
somebody that you can call like me? You know, you
want to keep me in the loop where I can
call and help you with stuff. Come back and do
the business here if you want to go where they
start sell the loan. I got somebody across the country
(25:00):
all are trying to get help. You know. That's I
got somebody who's preparing their taxes. And they called me
that this week and said, hey, Tim, did I pay
any point? And of course that's that's coming from an
account and you know the points. Points are generally called
origination fees or any fee above appraisal title and all
that stuff. And of course she put a sizeable down
(25:20):
payment and no, there were she did not pay any points.
Speaker 1 (25:24):
So she'll that's that was.
Speaker 2 (25:26):
A bummer for her because that's not of taxes nuxt weeks.
Ye know, it is a tax of expense. But she
don't have it well, and her CPA was going, you
paid what and closing costs? Yeah, for a minute, you've
got to be some points or something in here or something. No, no,
that's what the closing costs are. I don't believe it. Yeah, well,
he'll be referring people to you. But it's you know,
that's really the way it is. People are shocks still
that we do what we do, and you know, competition
(25:48):
is good for all of us. I get it, but
just make sure you know what you need to know
when you make that decision. No, but I think they've
made it commonplace to pay points and you don't have
to pay points.
Speaker 1 (25:56):
Depends on the situation.
Speaker 2 (25:57):
Yeah, if you credit out a whack or equity scenario
or something along those lines, might cost you some delivery fees,
and our delivery fees considered points that have to be
they are could any fee above the administrative cost of
us doing the loan, which you know, our closing costs
will always include appraisal, the tile exam, the closing fee,
(26:18):
and recording fees to get all the paperwork recorded properly
at the courthouse, and you want that that has to
be done for public record.
Speaker 1 (26:26):
So above that if.
Speaker 2 (26:28):
Their origination fees or you know, I don't know what
you know, some of these fee underwriting fees or nine
to ninety nine, you know, we just don't have all
those fluff fees. We we we are incurred administrative costs,
and in some situations we do apply an origination fee
or points.
Speaker 1 (26:48):
As it's common, they're referred to by different names.
Speaker 2 (26:51):
Origination fee points, but that's anything extracurricular on top of
the basic.
Speaker 1 (26:58):
Services we provide to do the loan. And that's you know,
that's part of it.
Speaker 2 (27:01):
And the thing is what people don't really how can
they get away with it? There's got to be a
pre payment penalty. You you don't have to have a
check inn savings account with us, we don't have any
pre payment penalties. But our payback is truly in the payback.
Our payback is servicing the loans. That's how we make
the money. Or in order to pay that with those points,
I will just raise your rate from six and a
half to six point seventy five so you can take
(27:25):
a higher rate. You know that will make those points
go away, but you might be paying more of a time.
It might be best just to pay the points and
not take a higher interest rate.
Speaker 1 (27:38):
And it depends on how you do your tax. But
lenders do it both ways.
Speaker 2 (27:41):
They'll buy out those points, but they raise your interest
rate they cover those upfront points.
Speaker 1 (27:46):
So you've got to be careful there. The out of
pocket at the points. It's all very confusing. But I'll
tell you what if you call me a.
Speaker 2 (27:53):
Guardian savings bank at eight five nine eight nine nine
three six. I'm going to give you the real story, Larry,
the facts, the fact, and then you make an educated decision.
And I'm not going to pull your credit. I'm just
going to talk in generics about you know what you're looking.
If you've got us quote from another lander list, I'll
just talk about it and I'll be able to tell
you honestly if that's a good and I do it
me too, I'll say, hey, it's a good deal, I
(28:14):
can't match it. I had a guy called me and
I said, he said, I'm shopping around. I said, I said,
who are you?
Speaker 1 (28:19):
Talk to you so far?
Speaker 2 (28:20):
Some of them I wasn't worried about, you know, because
I know what they're going to do, and I know
that you know a couple I'm just going to sell
the lone SWBC because they're banks.
Speaker 1 (28:28):
You know, that's how they're going to do.
Speaker 2 (28:30):
And I said, if you want to deal with somebody
local who the people referred you in here did it
for a reason, and that's because we're they're in our family.
They understand it, and he has every right to, you know,
shop them. Look around, said, look, let me know what
you find. I think I'm going to transfer my title
now to the new hip influencer. Doesn't an influencer know
a lot about something? Yeah, you know, I think we're
(28:50):
modern day influencers about mortgage business.
Speaker 1 (28:53):
I don't know. Well I would think so, and I
would hope so we do it. You know, we do
a good job. I mean we we want to influence
you to make an education decision.
Speaker 2 (29:00):
Yeah, and we'll help you. And if somebody's got us beat,
they got us beat. If it ain't the right time
to do something, we'll wait until it is the banking
and let us do it. It don't make any sense anyway.
And if we were unscrupulous w L A T and
probably ask us to be relieved, we would have been
dulged long ago. You know, Bruce Pearl's bringing his Auron
Tigers into Lexington, and I'm kind of excited about it,
(29:21):
except my cousin may ask for a place to crash
for a couple of days. He's he's a big Auron fan.
I hope you get back from Milwauk here you meantime. Well,
that's all right, it's good. I love March madness.
Speaker 1 (29:33):
It's fine.
Speaker 2 (29:33):
I got me some brackets filled out gonna have some
fun with it. Got some squares for some final numbers
and see what will happen with that. Looking forward to
it and hopefully UK can win a game or two
being Indie next weekend, if they win this weekend up
there in Milwaukee, and but tim this this market, we're
hoping that the things continue to happen. I know that
there's a lot of talk about these tariffs and that
and everything. Everybody really doesn't know what's gonna happen. But
(29:53):
the ten year bond market is literally what's driving these rates,
and we do see some improvement in them. They have
come down a little bit, and I think that they're
going to get better.
Speaker 1 (30:01):
They have it yet. But marry the home date the loan.
Speaker 2 (30:03):
If you can come in now and get pre qualified
and you can find something you like. The lower the
rates go, the more competition you're going to have on
your bids, you know what I mean. That's that's the
bottom line. You can you can look at it however
you want to, but you're just gonna have to be
able to have more people compete with.
Speaker 1 (30:17):
But get it now and as it goes down, we'll
refinance it.
Speaker 2 (30:20):
We don't have any pre payment penalties, and you can
refinance it any time, if you've been in your home
for a year, eight months, whatever, you know, let's take
a look at lobby. These houses appreciate tim they might
get a mortgage insurance.
Speaker 1 (30:30):
That's I'm telling them what we can save the money on. Yep.
Speaker 2 (30:32):
You know, PMO call this week with just a few
minutes research. I had him a name and we sent
it the forums up to request it. And how much
of a peace of mind is that as he picked
up the phone and talked to somebody. He called Cincinnati
and talked to somebody.
Speaker 1 (30:45):
Boom.
Speaker 2 (30:45):
They got enough information. They're gonna do some homework and
they're gonna get rid of the mortgage insurance. Don't have
to refinance, don't have to do nothing. That's your local
service for you to be local, by local and stay local.
We're gonna take another break. Your list of Welcome Home
show about Guardian Savings Banked open a day from nine
to one. Numbers eighty five nine eight nine nine one
nine three six South and Drives eighty five nine two
six three three three three five. You can hear you
(31:06):
can call us. Hey, you're going to be listening to
some music this weekend from Jordan Allen. He's out of
the LA area, that's London. Listen to some of his music,
yess some great stuff. He's a good entertainer. You listen
to Welcome Home Show by Guardian Savings Bank on News
Radio six Sturdy w Lap. We'll be right back.
Speaker 1 (31:21):
You're back listening to Welcome Home Show by Guardian Savings Bank.
We're opening a day from nine to one. Phone numbers
eight five nine, eight nine nine one nine three.
Speaker 2 (31:29):
Six South and drives eight five nine two six three
three three three five, So if you can hear, if
you can call us six point six two five on
a thirty or six six and a quarter on a
twenty five seven five on a fifteen. Closing costs or
around nine hundred and fifty eight bucks. With the equity position,
good credit score, we should be able to do that.
If not, we'll have some delivery fees, but we'll figure
it out. We're just point us, yeah, our point Yeah.
(31:51):
We'll still have the uh should be some of the
lowest closing costs in the area and the rates should
be fairly competitive.
Speaker 1 (31:56):
So what's keeping eye on this bond market?
Speaker 2 (31:59):
Ba fha usd AKHC first time home buy Our program's
community plus. We got all the loans that we can do,
you know, if we can help you some of them.
We don't service all the conventional stuff we service. Any
of the government loans we do not service because of
the way that they're the way that they underwrite them,
and they do have title insurance on them. On our loans,
we don't have the title insurance. Well, we talked quite
a bit this week this weekend in the show, so
(32:22):
you know, keep that in mind. But Hey, forri Intown
visiting and you're you're here for the Washington basketball we
hope your team wins, whoever they may be. We hope
you have a great time. Don't be shocked at the
hospitality of the people in Lexington. It's a great place
to be. It's a great place to live and people,
you know, appreciate the visitors and the kindness. I've got
family members from abroad ten and when they come out here,
this kind of freak out on when somebody holds the
(32:43):
door open for him or you know, thank you, or
you know, they just not used to that different parts
of the country, they just kind.
Speaker 1 (32:49):
Of freak out. What's the skin say, Well, people are
pretty good around here.
Speaker 2 (32:52):
We are friendly state and we are friendly town. And
I've loved ever minut of living in Lexington, Kentucky.
Speaker 1 (32:58):
Yeah, and me too, and I'm proud of it.
Speaker 2 (33:00):
And I think that anybody's in town today had to
be hard pressed to leave with a bad taste in
their mouth. You know, I mean, you got good food,
you got good service, you got good people. You're here
watching a basketball team for your first time in town. Yeah, hey,
get some good local food, Ramseys, Winchels.
Speaker 1 (33:15):
What's some other good local places?
Speaker 2 (33:16):
You know, it's just get American, yell American. That'll be
hopping this time of year. But there's a lot of
a lot of great places. Two fisted willlies. Get down
there and check that out. If you're downtown, you get
to hear some live music down there. There's a lot
of good venues. Austin City Saloon, great venue to visit,
cocktails one and two. You got two places there, Alicia
Huffing and then was there last night on Friday night. Right,
(33:38):
I'll throw out my neighbors out here at Carson's and
andover Yeah, great spot, great spot there. And my other
words of wisdom that I wanted to throw out on
the radio today just for common sense, is had somebody
that had their car worked on recently? Ten I know
you've done that a time or two, and this is
just one of those common sense things you don't think of.
But it was a regular dealer and then and they
(34:00):
didn't ask for them to save the parts or see
any of the boxes on the new parts. So they
had some front end work done and when they rebuilt
the front end, they put the wrong size stuff in
there and locked down the transmission, roaders, bearings, everything fried
on it.
Speaker 1 (34:15):
Don't get it fixed.
Speaker 2 (34:16):
But the moral of the story is, if you go
get your car worked on, you're listening to the show,
asked for the parts that are removed from the car, telling.
Speaker 1 (34:21):
You'll dispose of them, you want to see them because.
Speaker 2 (34:23):
They would have recognized right then if they you know,
when they can in the boxes of the stuff they
put in, they would say, wait a minute, that's for
the wrong car. It was good, it was about to
be bad, and thank god they recognized before.
Speaker 1 (34:34):
But I mean, mistakes happened.
Speaker 2 (34:35):
We'll throw some hints out every once in a while
when we hear of a little travesty like that. Yeah,
just be happy they weren't flying your plane exactly.
Speaker 1 (34:42):
And if it would have been, it would have been bad.
I was just you know, you just hear about that
stuff and you're like, you got to be Kimmy.
Speaker 2 (34:47):
It's a well known place. But they read did the
front end with completely the wrong stuff. People get rid
on spring breaks and man, thing ain't driving right. You know,
went in there and it wasn't. It was all falling
apart because it was under the wrong stuff. So just
be on your tone when you do that type of stuff.
Speaker 1 (35:01):
Man.
Speaker 2 (35:01):
People don't do it intentionally, but people make mistakes. And
if you're going to spend money, make sure you get
it and you've had it. You've had your car worked
on and.
Speaker 1 (35:07):
All turned out all right.
Speaker 2 (35:09):
I did get reputable and they honored everything on the warranty,
and I was very tickle about that because it seems
like sometimes these warranties, they'll try to find every reason
why not on it your lane, pay your bills on time,
don't accumulate too much credit scores that you have to
have free open lines of credits right and with you know,
not the biggest balances on them. Talked about that recently,
(35:31):
but give us a call. Eight five nine eight nine
nine nine six. Let us get your pre approved, let
us take a look to see where you're at. Let's
get a plan, get your pre approval letter, and keep
you moving forward. The phone is ringing, people are out
buying properties. Tim they're going to keep on and the
lower the rates get, the more competition you're going to have.
That's just all it boils down to. I mean, that's
just the facts. Well, we just have to trust that
(35:53):
we're on the right track as far as this economy
and run wasn't built today. And hopefully I know this
week that Trump actually made a pleat at your own pile,
you know, with the tariffs, and we don't understand all
the dynamics, but with tariffs, we need to go ahead
lower interest rates for enterbank lending because really the Federal
(36:13):
Reserve is the biggest lending. It's our bank, it's the bank,
it's the world's bank.
Speaker 1 (36:19):
And they're unelected elected, and you know those guys are
just figureheads. I mean it's they got to know how
they get membership.
Speaker 2 (36:26):
Yeah yeah, Well, if the American people think that rich
people hadn't been you know, this Elon Musk.
Speaker 1 (36:34):
You know, I don't want to get into that.
Speaker 2 (36:35):
But if Americans think that the Elon Musk of the
world haven't been running this country for since nineteen thirteen.
Speaker 1 (36:43):
Yeah, that's crazy.
Speaker 2 (36:44):
Hey, you're going to be listening to some music this
weekend from Jordan Allen. He's out of the LA area.
That's London, London, Kentucky. But anyways, recently on the Voice,
he's done a great job. He's a good friend of mine.
He's got some stuff out here on Spotify, iTunes and
all that stuff. I can't remember if he's still in
the Voice or they have so many Yeah, so it's
so pre it's you know, it's all pre taped and everything.
He had a good time out doing it. I've seen
him here locally recently.
Speaker 1 (37:04):
But listen to some of his music. He has some
great stuff. He's a good entertainer and he's a good friend.
Speaker 2 (37:08):
So you can find him on Facebook, iTunes, Spotify, all
those different outlums like that. So give him a look,
give him a listen to see what's going on in Georgia.
Stayn and Lexington. We hope your team wins, and we
hope the UK wins as well. So have a great weekend.
You've been listened to Welcome Home Show by Guardian Savings
Bank for Tim Adams Larry Faith call Us at eight
nine nine nineteen thirty six eight five nine eighty nine
(37:28):
nine nineteen thirty six.
Speaker 1 (37:29):
Listen to Welcome Home Show by Guardian Savings Bank on
the News Radio
Speaker 2 (37:32):
Six thirty w Lab'll be back next weekend snows
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