Welcome Home with Guardian Savings Bank 6-28-25

Episode Transcript

Speaker 1 (00:03):
Don't worrying, Lay Tim. You're listen to Welcome Home show
about Guardian Savings Bank, Very Franks, Tim Adams, when you're
with you this Saturday morning, glad to have you tuned
into it. Bank is open to day from nine to
one when themers eight five nine, eight nine nine one
nine three six south and drives eight five nine two
six three three three three five. So if you can hear,
if you can call us and as we come at

(00:25):
you today we got a little bit better news on
the rates that we're offering right now. Ten I mean,
we've got a little rate drop. And you've been watching
the market like I have, and what do you see
is going on? How do you think it's gonna continue
to go here? It was a good week for treasuries
in regard to thirty year fixed rate mortgages. Treasury yields
dropped to well over a month low. You back up

(00:49):
at the say six months ago, we're getting down to
the yield that we had then, which was four point zero.
We've come down from four point five oh now to
four point two five. I know I'm probably talking Greek
to you, but it's the ten Year Treasury Act activity
that actually affects thirty year fixed rate mortgages, and so

(01:12):
that's what we watch the market in general, as far
as more quotes really, and so the FEDS decided not
to change the FED Fund rate at the last meeting.
I don't know where they're at on interest rates, but
as we've discussed on past weeks about more inventory out
there and uh, just the ability of those to buy

(01:34):
because of interest rate, Well, we're at six six two
five on a thirty year fix. We're six and an
eight six point one two five on a twenty and
five point eight seven five on a fifteen. So last
week when we were talking to you at six point
seven five six and a quarter and five eight seven five.
So the fifteen years held steady. The other ranger come

(01:55):
down as you mentioned. But like, here's some information that
came out this week him and it's just part of
what's going on and kind of what we're learning is
and I don't know if it's going to be the
smoking mirrors. And you know how the FED doesn't they
elected officials, you know what I mean, they're put in
there at a position and they've tried to get some
people that's experience, but they're assuming now, and you and
I've been watching this for a long time. Unemploymente's no employment,

(02:17):
CPI indexes, all these different things and all these different factors.
We've watched their entire lives and kind of try to
keep an eye on on what may or may not
happen with the rates. And they're up and downs. You
and I've watched this forever. People get out of the
stock market, they get in the bond market. People get
out of the bond market, they get in the stock markets,
they find safe haven for their money. But there's just
been some discombobulation with the way information is reported. And

(02:40):
now it's at this last meeting this week, Powell came
out and said that he was concerned about lowering the
interest rates without knowing how tariffs are going to affect
the economy. You know what I mean. It's it's that
they've gone away from completely everything we've grown up watching
and listened to, all the information we put to use
over many many years. And I know these tariffs could
be a new thing. And so now they're saying that
the final reading of the court one GDP show to

(03:01):
continued working of the estimate. The second reading had moved
to the quarter of negative zero point two percent. The
last and final one moved at worse again by another
zero point five percent. This was after a plus two
point four final reading in quarter twenty twenty four, so
a clear decline in the economic activity. Initial job was

(03:24):
claimed for last week was two thirty six new claims.
This was better than the previous week of two forty
six and also better than expectations, but it's the fifth
week in a row above two hundred and thirty five,
which is well above the weekly average of the past year.
Durable goods, but the trend showing an increase of sixteen
four percent new orders, which beat the eight point five
percent expected. The real question is all the data, along

(03:45):
with psee other upcoming reports, going to be good enough
to wait to sway the FED to cut rates. If
they don't cut at their meeting at the end of July,
then the next meeting is not until September, and not then,
and it's only October December meetings left for twenty two
twenty five. Most market participants are betting on a September cut,
but there's no ground swallow support recently that it might

(04:05):
possibly happen in July. It definitely depend on the data
received between now and then. Bonds are edging a little
better this week, So I mean that's kind of you know,
I mean, you've got these numbers coming out, and everything
that you and I would study and hang our hat
on would indicate they should be dropping the you know,
the rate, the prime and the overnight funds and so

(04:27):
on and so forth. But now they've thrown a whole
new wrinkling why they're not doing it, Which everybody's like,
why are we not making this change? We've been talking
about the whole time. Why are they're not making this change?
I mean, all this stuff is rates have been high enough,
and heck we how much with the rates being that
they are we pay on our own debt? Well, you know,
looking in the rearview mirror, over twenty years we've been
in this career, we've seen two big, you know, major

(04:50):
developments that have happened while we've been in the mortgage business.
The first was what they call it the big short
back in two thousand and eight, and then we had
cod and those both had very dramatic effects on mortgages.
And now we've seen just the reverse of the COVID
rates and maybe they've kept them too high too long.

(05:13):
Maybe they kept them too low too long. Well, there's
still a lot of money out there. Us talking to
some investment budes the other day and they were talking
about what do you think is that happened to the
stock mark? And I said, well, there's definitely some overinflated
pricing out there. They're gonna be a correction. I don't
have a clue, but when you're giving away free money
and people are getting it buying stocks with it, you
can't really blame them. But that's created a lot of
value out there now. And then the other hand, you know,

(05:35):
just different reports that come into play. Anyway, here's something
else came out this week. New home sales shocked the
market last month, with April sales reporting eleven percent higher
than in March, and this month's report released this week,
the shoe was on the other foot, showing May sales
decreased by thirteen point seven percent, again from that spike
in April. When testimony the House Finance Committee yes day,

(05:56):
Pound doubled down in his nose that fed and he's
continued to hold rate remain restricted to see what effects
the tariff will have on pricing. Which we already talked about. So,
I mean all these different things, Tim, you pointed it
out the last couple of weeks, thirty three percent more
houses on the market right now, thirty percent less permits
to build, and that's you know, done to make a
direct effect on what housing prices are going to be

(06:17):
doing here. They're on the market longer, so people arena
have to become more negotiable on the selling side. And
I don't even want to get you started on homeowners insurance,
No go, we'll talk about that a little bit. I mean,
there's some FI eyes we need to throw out here
for everybody to get a hold of, because you know,
we've been handling more of these insurance claims on the
local level here, and anything over twenty thousand dollars we've

(06:39):
got to truly get involved with. But I learned something
about FEMA or flood insurance and a policy. You know,
client of bar has had. It's an AE policy which
only covers from the floor joice up, and he's got
a home down on the river, and of course it flooded,
and the policy what you know, he thought, and what
I would have assumed was flood Insurance's flood insurance, but

(07:00):
you know the AE policies from the floor joys up.
However the water gets up that high or whatever's underneath them,
floor Joyce, you're on your own. And fortunately he's got
the wherewith all to fix it. Then I've had, on
the other hand, just regular homeowner insurance claim for some
stuff that happened from the bad weather. And I had
the client that you know was getting antsy, wait for

(07:21):
the adjuster to show up, we'll get the check and
so on, and went ahead and got a little bit
of her own funds out of an IRA quick withdrawal.
Got the money, get this stuff going, get the house
cleaned up, get the things going that need to be done.
While they're waiting for the adjuster to come and wait
for the insurance check to come in. She's gonna be
okay with her money. But now in since it's a
big deal and we've got to control it, we have

(07:43):
to wait till the project is completely finished. But we
can give her twenty grand back, and there's plenty of
money in there to give her her money back. But
she did the early withdrawal. How much is a sixty
or sixty five days whatever, what's the time spent if
you pull it out. You remember, Tim, if before they
penalize you with taxes and all that stuff, you got
a certain time to pay it back. Now by the
time she gets everything done, well, are we going to
meet that deadline? So there's just some stuff. If you've

(08:04):
got to claim that's going and you're going to put
your own money into it, be careful. I understand document
everything the best you can. But I told Tim, I said,
there's some stuff we got to talk about about on
this insurance deal. I've been I think I might have
made one flane to my tire home ownership career thirty
five years or whatever, and that was fairly simple and
just a you know, a water issue where something overflowed

(08:25):
and created a pretty decent amount of damage. But we
got it handled. And of course that's many, many years ago.
But Tim, this insurance stuff is there's just so many
fingers in the pie. It seems like, you know what
I mean, They've got a got your adjuster coming out.
As soon as somebody recognized his business cards says he's
from Atlanta, they assume he doesn't know the area, which
they have a Mason and swiptbook or whatever. The book is.

(08:46):
It says what the average cost of stuff is in
a regular basis, you know, and they go off that
for this area on linear square footage, you know. And
contractor turns in he's charge of twenty three dollars for
a piece of drywall when the average price around Lackston's
eleven dollars and thirty seven. Since guess what, that's what
they know. They're going to go off of the average
of what cost is and what the things are to

(09:07):
get stuff done, paint and trim, heat and air insulation.
All that. They've got a little book that says what
the average price is. You could be off a little
bit here, a little bit there, but man, it is
just so crazy to see the information as it comes
in and the way that they handle it, want to
present it for these people. It's crazy. But I did
want to bring it up and say, before you start
spending your own money, check your p's and q's, double

(09:28):
check your policy, check with the adjuster so that he
knows what you're doing and where you're going to put
some stuff and what could be your reliability in the end.
I'm paying a little tuition right now, well mentally, but
I mean my clients are paying literally, but insurance is
not as easy as you think and trying to get
it all put together if you start spending your own money,
So be as patient as you can. I guess is

(09:49):
the main thing that the flood insurance man that if
you're gonna buy and you're gonna need it, you got
to expect something if you're near the water or unfortunately
some people got it that hadn't had it in a
long time. And it's a floor joyce. I just have.
I'm just like the water starts and then rises that
don't start at the floor joye. And you can't mix
and match. You can't have an open flood insurance policy

(10:11):
that's and you can't have home insurance can't double dip.
So it's either one or the other. And this is
the one that fell into place here, So just be
under p's and q's with that. And Tim and I
we spent a lot of time in here and we
learned stuff all the time at our age and this
insurance business, it's it's opened the eyes for me to
see what's going on and how people work with it.
So but fortunately I've had great clients that understand this

(10:35):
is new to me. Tim and that's what I like
about Guardian Savings Bank is that I can just be
honest with them, say, look, this is what the guidelines
are telling me that I just got. This is a
new process to me. We've had a lot of stuff
going on, and these first few people I've worked with
are true family members of Guardian Savings Bank, and I said,
I'm going to learn some of this with you. I
might not be right all the time, but I'm gonna
be here until we get it finished and we're gonna

(10:56):
make sure everything's done right. And they've been great to
work with. And some of the news we've had to
give back and forth with personal funds being invested is
not what I've thought in my initial educational portion of
this and what I'm reading. So I was wrong in
some of the stuff that I told them, but they
understand and we'll get it done. But it's you weren't
flying a plane. No, I wasn't flying a plane, and

(11:18):
I didn't get the job just because I you know,
I met a quota. I mean, I've got a little
bit of experience here and I'm okay with learning it.
I just hate to be wrong and misleading. And it
was an intentional band stretching imagination. But the people I'm
working with that are guarding clients here obviously are just
tremendous assets. For me. Takes a little bit of the

(11:38):
stress off, although I feel bad because I'm going by
what I'm reading and you could probably read the same
thing to us. And well, our director said, I see
why you felt that way. I see what it says.
It's but that's not what it means. And of course
that goes back to these insurance policies as they get
them out and start looking in there and it gets
a little deeper. What it says and what it means
is two different things, you know, and it's a it's

(12:01):
a learning process. But we got a lot of good
insurance agents. We're working with a lot of good clients
that we're working with, and I'm thankful for that, and
that's the most important part. And we're going to be here.
I'll go I'm going to tun as we're done with
the radio show, take some pictures of some work that's
been done, and uh, we'll get that turned in and
get some stuff funded and we'll go from there. But anyhow,
you're listening to Welcome Home show, We're opening to day

(12:22):
at the bank from nine to one on numbers eight five, nine, eight, nine, nine,
one nine three six South and Drives eight five nine
two six three three three three five. If you can
hear what, you can calls. We got checking saving CDs,
all those things, do all kinds of loans six point
six two five on a thirty year fixed five eight
seven five on a fifteen Give us a call. We
can help you do something with a property, residence or

(12:44):
not on our occupied rental farm. What have you. You're listening
Welcome Home shown by Guardian Saviors Bank on news radio
six thirty ULAP. I'll be right back. You're back listening
to a Welcome Home show by Guardian Savings Bank. Larry Frakes,
Tim Adams in here this Saturday morning. We're glad to
have you tuned into us. The bank. It gets open
a day from nine to one when it is eighty
five nine, eight nine, nine one nine three six South

(13:05):
of Drives eight five nine two six three three three
three five. So if you can hear so you can
call once again. Some good movement in the bond market
this week has created a little bit of a pattern
where the rates have come down where it's six sixty
two five on a thirty year fixed, six point one
twenty five on a twenty year fixed, and five eight
seven five on a fifteen year fix. So keep those

(13:26):
things in mind. If you've got the right credits courd
and right amount of equity, we can get a briefingance
put together for what nine hundred fifty eight bucks ten
And that doesn't include any estros, which are your taxes
and your insurance. We're not paying those for you. But
around nine fifty eight I thinks what it is, tim,
it's a little listen. That including the recording fee, but

(13:47):
somewhere nine hundred and fifty dollars includes appraisal, YMP, loan closing.
That's but that's not for a cash out. That's for
a rate and term. So if you're going to get
cash out, the fees will be different than just a
simple rate and term. And I have to you know,
inform borrowers. In the event of divorce and you're going

(14:11):
to settle up with your ex, then typically you'll have
to do a cash out mortgage to settle with her
on the equity that she's entitled or he is entitled,
or they are entitled too. And so that changed it
from just as simple. You're not just changing the rate
and term, you're getting cash out of it. And as
you know, they got strict on cash out or not strict,

(14:34):
but just made it more expensive to do a cash
out loan as in verse just changing your rate and term. Now, well,
I mean some of these delivery fees that you're talking about,
which is exactly what you're talking about, came about when
they had to bail out Fanny and Freddie. I was
watching the economic news this week as we always do,
and they're thinking about releasing the what's it in conservative

(14:54):
ship with the governments conservativeships, and they're thinking about turning
the back loose out here and getting back on the
stock more. They're just trying to figure out we're going
to do common or preferred and then you know how
that will affect the values of Fanny and Freddy. And
that's coming. And one of the things that I want
to know about are these delivery fees, and I'm hoping
that somebody, I mean, first we were told that they
were being collected to help, you know, offset the costs

(15:16):
of the government to bail amount which we paid it
back quickly with the delivery fees in the in the
lending arena, and we watched it happen to him and
then come to find out it was in a big
bill that was proposed and a late night signature up
there in DC. And then the money was going to
pay for Obamacare. And now they've increased the fees and
lowered the standards or increase the standards for you to

(15:37):
avoid them as far as equity and credit score, and
that money was going to go into a pot to
help those that are less fortunate to be able to
help obtain health home ownership and create different programs and
avenues for them. But I don't I don't know where
all the money's going. Don't have any clue where any
of it's going. So yeah, and so you know, I

(15:59):
don't know, you know, what's going to happen with with
those delivery fees. Hopefully we can figure out something when
they start going back public, that stuff will be able
to have to be more where we can go in
and see what's going on with all of them right
now where they're at and you can't see a whole lot.
I was hoping that those might look into it, you know,
under our guidelines and most of our barbers do possess
that they look for a seven eighty middle credit score,

(16:20):
and we're looking for twenty five percent equity, and that's
where you're going to get, you know, better pricing on
closing costs if you have those going for you, especially
on just a purchase or a rate and term reefinands.
That's where we're going to be strong. Is that bar
pretty high? Yeah, it used to be a little lower,

(16:42):
but seven eighty is the new algorithm, has been for
quite a while. Seven forty for a while and then
went and just kept creeping up. And you know, I'll
tell you what with the increase in value of homes
over the last several years. When people do a refinance
and stuff, and as you discuss if you're private mortgage
insurance or you got it when you bought the house

(17:03):
two or three years ago, give us a call. We
must or can we can take it off of you've
got to here guarding. If not, it might be worthwhile
now to talk about a refinance and eliminate mortgage insurance.
That way, absolutely, anybody paid above seven percent at this
particular time can give us a call. Get six sixty
two five one A thirty have depend on the the
equity situation. Have nine hundred and fifty dollars in clothing calls,

(17:26):
so it don't want to take you. How long to
break even depends on the long size and how much
the lower your rate. But there, you know, and if
you can get out of mortgage insurance, yep, you know,
we can help you two a couple of months without
a payment, you know, two hundred and fifty dollars application fee
that you get credit for. That's part of the nine
fifty estimately, you know. So there's a lot of good
things about being involved with us, and we'll be going
to put together. But if you're above seven percent in

(17:48):
any way, shape or form on your mortgage, you need
to give us a call eight five nine eight nine
nine three six. We'd like to get you in here
and start saving you some money, and especially if you're
going to be in the home for a while, you know,
then that's where it really starts making sense. Yeah, over
time to go ahead and do that. But we, like
you say, we sit there and watch the indicators and

(18:09):
they're moving more favorable as we go. If you're waiting
on the fence, you maybe get some good news, but
it's not strike while the iron's hot. We appreciate you
tuning in and listening to us. We're gonna be right back.
We're gonna take our second break of the show and
come back and talk a little bit more mortgage business
with you. The bank is open to day from nine
to one. Phone number over here in Hamburgs eight five nine,
eight nine, nine one nine three six South and Drives

(18:32):
eight five nine two six three three three three five.
If you can hear so, you can call us. You
are listening to the Welcome Home Show by Guardian Savings
Bank on news radio six thirty w LAP. We'll be
right back. You're back listening to Welcome Home Show by
Guardian Savings Bank. Larry Freks ten Adams in here with
you this Saturday morning. I hope you're standing in out
of the heat and taking care of your animals and

(18:53):
pets and use back. Yeah, make sure everything's like it
should be. We appreciate you tuning into us to us
this morning. The bank is open from nine to one.
Phone numbers eight five, nine, eight nine, nine one nine
three six. Southland Drives eight five nine two six three
three three three five. So if you can hear so,
you can call us, be glad to talk to you
about your mortgages and what we can do to help

(19:15):
you with that, and talking a little bit about these
rates and the bond market different things. Here's a thirty
year fixed down the six six two five, twenty years
six in a eight fifteen year five eight seven five
and uh, if you got the bright credit score in
the right equity position, and closing costs be around nine
hundred and fifty bucks, not including any estcro establishment for

(19:36):
taxes and insurance. And you know we're talking about that
when we get those numbers. But if you're paint above
seven percent, you bought something in the last couple of years.
And there's some that got high sevens, low eights, and
some down you know, seven percent or higher. Give us
a call for nine hundred fifty eight bucks in closing
cost nine forty eight and closing cost it won't take
long to break even. And a lot of times, you

(19:57):
know that old Laddie is in the in the fall
ten where people are like, if you don't have a
one percent rate drop, you know you can't refinance. Well,
that's true. If you're gonna pay eleven thousand dollars in
closing costs of so many people out here, and i've
seen them no money out of pocket. Oh okay, but
you're borrowing fifteen thousand dollars more than what Joe. You know, No,
that ain't what we're gonna do the closing costs in here,
and if everything considered, and we'll go over. If it

(20:20):
doesn't make sense, they won't let us do it anyway.
But for about nine hundred and fifty bucks, you can
save yourself a free eights of a point on interest
rate or more, and you know we'll be able to
reestablish your pay and your monthly commitment and hopefully create
a little cash flow for you. Or if you want
to keep paying more against your mortgage and you required,

(20:40):
that's fine too, So there's nothing wrong with that. But
there's a lot of people out here of seven percent.
And if you're driving around listening to the show, and
you know somebody bought something the last three years, a
lot of us. These guys on the radio show, they're
on there every Saturday, and they say, if you're seven
percent or higher, at least give them a call. Ain't
gonna take them about five minutes and know if we can
save many money you're not about writing ten withn't five
or ten minutes. You know, what's your balance, what's your location,

(21:02):
Where do you think your credit scores are? Maybe what
you're paid for it, and we can get in there
and do some homework, get a little information, get a
quote together, and you maybe save us some mortgage insurance
as well as interest rate. We do have checking and
saving CDs, passbook savings, but the only loans we do
are real estate, and we do one thing. We do

(21:22):
real good at them, so just keep that in mind.
We stay focused on it and pay attention to it.
You know, we services loans of about three and a
half billion dollars in servicing and you can make your
payment to Guardian Savings Bank on that any of the
locations drop by set a poloty duct. You don't have
to have a check in or savings account with us
to do that, although we do like to have that business.

(21:44):
And the government loans at FHA V A USDA home possible.
Any of those loans like that, you know, we originated
you might pass two or three times, but we do
bundle those up and then they'll sell them to somebody
and you'll wind up paying another entity down the road.
But that's because of the way that they're underwritten and
insured and it's just not worth the bank's risk. But

(22:04):
any conventional stuff that we do or in house money,
you're gonna pay us until you pay us off. You know,
we're the That's the good part of it. And I've
been here long enough, Tim, and you have too. I'm
proud to say that I'm helping the children of parents
that I did loans for when I started here a
long time going. I've known for a long time, and
that's how long we've been doing it. But the confidence

(22:27):
they have in me to referm to me just says
it all. Pretty proud to be able to do that.
In Tim, I know you're the same one absolutely. Well.
They've been here eighteen going going on eighteen years here
at Guardian Saving Spain. When he first came to Lexington,
decided if you can't be and them to join them. Well,

(22:49):
and I haven't looked back, and I've met a lot
of great people, and we've been involved in some great
causes around this city in central Kentucky, and one natural
asters have happened, our groups have responded and so from
a standpoint of being a Community Bank. We do get
involved in causes and there's no lack of need as

(23:14):
we know, Larry, and we focus on housing for not
only folks with disabilities, but we try to help prevent
homelessness as well with the Rescue Mission and the Real
Community Housing Foundation and the Bob Brown House. And I
can't think of any any better causes than those three alone. Yeah, yeah,

(23:36):
that's true, and we do. We're involved in the community,
try to keep up with what's going on. We help
out quite a bit, but we're blessed with a lot
of team attitude with the realtors and the people were
involved with. The realtors do a lot more than you
would think out here in the community other than just
sell houses and they sponsor a Little League team. They
you know, Realer Community Housing Foundation. There's all kinds of

(23:58):
things that they do that you might not see and
not knowing. It's the same thing with TIM and I
mean we raise money to help people build things for
disability and people. People that have the Scholar House over
in Louisville. We had since seventeen men to our project.
We were part of TIM and that Scholar House in
Littill was a big deal for people once they get

(24:19):
out of foster care at eighteen years old, you're on
your own. A lot of people don't realize all the
stuff we do outside of here. We on the radio
every week, but and we have a good time when
we tease about, you know, being out and buying beers
or hanging you know, but we do do a lot
of stuff that is the benefit to the community. That's
why I always say, you know, buy local, stay local,

(24:41):
and be local, you know, be local and let us
do it. We're going to use local people. You can
get online, go deal with whoever you want. But you
you come in here, talk to me in tim or
you see this out somewhere possibly, And that's the fun
part of it. I'm not gonna be hiding from you.
I might not recognize you right away, but we're here,
you know, And you know there's I gave out the

(25:02):
customer service number to somebody who's calling the other day.
They had a question about their loan and I couldn't
answer it. Call this number and give it to them.
They call up her and they can get the answer,
and most of the time we can help them. But
they're talking to you and I. They're not talking to
somebody they have, you know, that's not relatable. And are
you know servicing centers up in Westchester, Ohio, so you

(25:24):
know that's what you're talking to up there. Now. They
might drive in the left lane, but other natural, good
loan officers and good workers you know at left lane drive,
and I think is just a thing they must teach
a driver's ED ten because it's crazy. Yep, quite often,
especially during the summer when as we call them down
in Somerset of the old High Navy. Yeah, yeah, that's

(25:47):
just you know, getting the left lanes for passing down here.
And if you're into a merging lane, if you know,
the zipper that you're taught in moving traffic is get
to the end of the merging lane and work yourself in.
Don't start three miles back trying to block traffic to
keep somebody from cutting in, following the rules that are
taught in the driving school that drives me up headed
north out of Richmond, right there by Love's Truck Stop.

(26:07):
But I did, like when I was traveling around this
year where they're working like down on forty down in
Tennessee in that area. Now Ashville, stay use this lane
until you have to merge you. I mean it says
that right there. Don't mean, you know, use both lanes.
And it's if you look at the drivers man, you know,
it's called the zipper and then you just get keep
going and you just fold in everybody take turns and

(26:29):
let them in. But they got these people that want
to control the traffic, the cairns of the police and
the policing of the merging lanes. I'm just like, come on, people,
So I'm just I'm just counting my why I got
off on that tangent other and then I was laid
in here today do the show because the traffic trying

(26:49):
to get here. But did it have anyway, it's not
a bad time to consider getting the rates looked at.
If you got a loan over the last twenty four months,
and you know, take into consideration where at six six
two five closing costs aren't going to be too bad,
and just give us a call so if we can
save you some money once again, if we can, we
will if you know, if not, they're not gonna let

(27:11):
us do it anyway. And you know the phrase is
marry the home and date the loan. You ain't got
to be pinned down but if you're driving around listening today,
you know somebody relative, family, friend, co worker bought a
house the last year or so, say man, I was
listening to show. These guys are on there all the time.
They may not know what they're talking about, but here's
their phone number eight five nine eight nine nine nineteen

(27:32):
thirty six, and just point it out, bring it up,
and then we'll see what we can put together for you.
And I think that you'd be presantly surprised that what
we're saying on here weekend and week out, we'd be
in trouble and shut down if we weren't telling the
truth when we went to them. That's right, And now's
the time of year when a law of parents are
thinking they may want to switch school districts. School district.

(27:53):
Another thing is especially we needed we we'm talking about
this for a minute. If you think that you're getting
ready to retire, you got a plan in place, Let's
look into this before you turn into retirement papers. Because
tim how many times have something they retired after about
four or five months of that different income status, no
overtime or bonus money that they're like, oh, oh, I
should have should have rearranged this, you know. So we

(28:16):
get referrals from financial advisors and and and those people
that are in the know, and we appreciate that. But
if you think that this is something you're considering based
on your future and how long you've been on the
job and it's coming, that would be a great time
to give us a call right now and a great
excuse to do it and just see where you're at
and what your debt did come debt income is so

(28:37):
that when you are going to retire, you know what
to expect and if we need to arrange something before
you turn in that paperwork, because the income does change
to him and a lot of people, it takes a
minute for reality to set in on it. And it's
tough to get a refinance done when you're maxed out
on everything and you know the debt income won't that

(28:58):
won't work for you. So just be p you know,
in front of the curve on that as well. So
what else tim we can right We've got credit, you know,
talked about authors that credit authorization authorized using stuff on
credit reports recently talked about that a little bit, get improved, yep,
get pre approved. Let's take a look at you and
get your pre approved interest rates at six six two

(29:19):
five is all we can work on today. If they
go up, it's going to cut into your buying power.
If they go down, it's going to increase your buying power.
But we're here to help you. And once we get
your pre approved the letters are property specific pretty much,
and we'll make sure that you get it and that
you have it so that when you're shopping, the realtor
knows that they're bona fide buyer. The sellers aren't just
letting people wander through their home that may or may

(29:41):
not be able to buy it. And it's just an
opportunity for you to have some negotiating power with the
pre approval letter. And a lot of times people think
that once they got a pre approval letter, they can't
switch or do anything else. That's not true either, Tim
how many time they had that happen. Why I wish
I didn know and I got this. Yep, you do
come over here, and you know, if you got a
pre approval letter and I've got something better than what

(30:01):
they're quoting you, or you'd like something to compare it
to and you're under contract, you just still call us.
Let us throw you a quote out there penny saves
a penny are and that's what the whole thing's about. Anyway,
that's what we're preaching. If you can go from seven
percent to six six two five, we're talking about saving money.
Would be the same way on any other quotes or
anything else you've got to contend with or deal with,
and we'll put it together for you. So if you

(30:23):
have an opportunity to let us use you and we
can help you, and we can guide you and mentor
you and get everything like it needs to be, that's
what we want to do and that's what we will do,
and we've done it for many, many years. So eight
five nine, eight nine, nine one nine three six, and
we'll be able to take a look at your information,
get your preyer approved if that's the case. If you're
getting ready to retire, we'd like to get your set

(30:44):
on the right path for that and get your financial
planning in place. And if you're a financial planner, you
need some help. Tim you got a divorce this week,
we'll talk a little bit of how some of that
works and getting here in a minute, but we're take
an out of break your listen to Welcome Home Show
by Guardian Savings Bank over an eight from nine to one.
One number's eight five, nine, eight, nine, nine one nine
three six South and Drives eight five nine two six
three three three three five. So if you can hear,

(31:05):
she can call, so we'll be right back here. Listen
Welcome Home Show by Guardian Savings Bank on News Radio
six thirty. That's right here on the All with the
Wildcats w Lap be right back. You're back listening to
Welcome Home Show by Guardian Savings Bank and Adams. Larry
Freke's in here with you this weekend. Trying to stay
cold and have a cold one anyhow, and if we're
doing that, we're gonna be safe about it anyway. Banks
open today from nine to one. Phone numbers eight five, nine, eight, nine,

(31:28):
nine one nine three six South and Drives eight five
nine two six three three three three five. So if
you can hear, she can call us. Be able to
help you with any of your financial needs. Are on
real estate, don't do any boat loans, note loans or
car loans, but we can help you with any of
the rest of it. Six point six two five on

(31:48):
a thirty or six six point one two five on
a twenty year and fifteen year is five point eight
seven five, So keep that in mind. We do ba
fha USDA home possible KHC. You're in a whole lot
of them. We got around out there. I guess you
just got to see what we can do and how

(32:09):
we can help you if you've got a house over
the last year. So when you know, somebody's got a
house over the last year, so they paid seven percent
or hire and we're free eates of a point less
than that right now. And our closing costs with proper
equity and credentials, you know, the closing costs could be
as little as nine hundred and fifty eight bucks excluding
any escros and that concludes your appraisal on everything we

(32:29):
need to put the loan together. So keep that in mind.
We're here to help you. We want to help you
and marry the home date to loan tim. That's all
we can tell them. And it's time to start looking
right now, especially with three eighths of a difference, you know,
from anything above seven percent, it's time to it's time
for me to fly right. But on the other front,

(32:52):
we are seeing some improvement in our indicators. So if
you're waiting you might be benefiting from an interest rate
production if the FEDS decided to go down that road
at the next meeting based on a lot of data
that Larry talks about. And I'd rather be talking about

(33:14):
UK sports. But anyway, we'll see what happens with the
draft room, you know, yeah, when we dissect it. See,
I don't think anybody is going to go in. The
had gone in the first round, and I haven't really
looked at the rest of it after that, Tim, So
we'll see how it shakes down. Maybe we talk about

(33:35):
next week or whatever. But when watching the Reds and
the Yankees, that was fun series to watch. And you know,
and I don't know College World Series. I don't know
what to say about that. L s U won. I'm
happy for the SEC, but I hate that the Coastal
Carolina coach got thrown out in the first inning. That's
kind of odd, but you know, just whatever, sometimes things happen.

(33:57):
Good run by Coastal Carolina and l s U second
time in two had the last three years. They want it,
And I'm you know, happy that the SEC has got
another national title in their belt. So keep supporting your
your college team and your athletes. Next year, and then
get out and watch your Reds game if you get
a chance. It's getting me a h what blew me away?

(34:22):
This other night was watching the Savannah Savannah Bananas. Yeah,
that's seventy four thousand people back to back nights in Charlotte,
North Carolina. I've never seen anything like in my life.
But how popular that has become. Yeah. Yeah, when they
were in Cincinnati on Father's Day and Larry Brown got
in there on It's it's a fun twist of baseball.

(34:42):
But hey, those players are one good Yep, they are
and I'm nothing wrong with that. It's uh another entertainment
portal and uh the Legends game. Yeah, get out and
do that, and get out and support your live musicians
that are in the area. If you got something going
on it's hot, you can get out and get in
an air conditioning facility at some place and take on

(35:06):
a good local show. There's so much talent around here.
It's incredible and a lot of people. The people were
on this week from Appalachian Heathens, you know, they were
on America's Got Talent. They had better than five million
views on their work so far. It's just just all
kinds of stuff going to Manchester Music Festival. We're gonna

(35:26):
start getting some ads going for them here and try
to help promote that show with ten parks down there,
and you just got all kinds of things going on,
so we'll do what we can to keep you involved
in that. But other than that are living is made
doing loans and the rates are coming down, and the
lower they go, the more competition you're gonna have when
it's time to buy. Get in here and get qualified,
get out and get your shopping done because as the

(35:48):
rates go lower, more people are going to qualify. And
if you bought a house above seven percent, get off
the snide and give us a call eight five nine,
eight nine, nine sixty how much we can save. It's
gonna cost you about nine and fifty dollars in closing
costs all things considered. We'll see where it's at. If
it makes sense, we'll do it. If not, it won't.
But you know that's that's what we're here to do,
and it's it's it's worth it to take a look.

(36:09):
And if you don't, if you're listening to the show
and you know somebody's bought a house, be kids or
relatives or workers, or whatever, and you're listening to the show,
and we have a lot of regulars and we appreciate you.
I try to throw them a shout out when we
get a chance, and I tell you, I was talking
about these insurance claims, and uh, I'm gonna do a
little bit more homework. But some of the people that
I have been able to go or review the work,

(36:33):
I met some good ones. I had the guy's name
and just did a brand new brick wall over off
Tabor Scott Buifer and Company LLC. They're here in Lexington
and they did a job over on Tabor Oaks and
it was a fantastic So I'll get you some information
on Scott. But anyway, I'm just getting out seeing some
work and I'm like, man, this is this is quality.
It looks great. This is just a barrier wall out

(36:54):
in the back of the house and it's incredible. Looks great,
and I think he did a lot of it has
set value worked for her that she didn't realize when
it was being done, but looks great. So anyway, we're
reach some good people's hear and all these insurance claims
as well. So we'll be back next Saturday. We hope
you've enjoyed the show. We've kind of kicked a bucket
down the show here on different topics, but hopefully you

(37:14):
learn something. The main thing is Racher're going down. If
you're above seven percent, you need to give us a call.
Eight five, nine, eight, nine, nine, one, nine three six
For Tim Adams on Larry Frakes. We'll be back next Saturday.
Banks over Day from nine to one once again. Phone
numbers eight five, nine, eight, nine, nine, one nine three
six thousand drives eighty five nine two six three three
three three five, So if you can hear, you can call.
You've been listening to Welcome Home Show by Guardian Saventies

(37:35):
Bank on news Radio TIX Thurday w Lad. We'll be
back next Saturday.