Welcome Home with Guardian Savings Bank 8-9-25

Episode Transcript

Speaker 1 (00:06):
Good morning, lack contend your list of Welcome home show
by Guardian Savings Bank. I'm Larry Franks, Tim Adams with
you this Saturday morning.

Speaker 2 (00:13):
We're glad to have you tuned into US Banks opening
day from ninety one.

Speaker 1 (00:17):
Phone numbers eighty five nine eight nine nine one nine
three six out of drives eighty five nine two six
three three three three five, so if you can hear
she can call us. Good news on the rate front,
we're down to six and a half on a thirty
five point seven five on a fifteen all the way
across the board. We had a special going with that
someth't know if they'll do anything more to incorporate that,
but if we could do a rate and term reefinance

(00:38):
on a fifteen year fixed at five point seven five,
we had five hundred dollars in closing costs. Tim ordinarily
closing costs her like nine forty eight, so it's just
a little below half off. But the bond market has
worked in our favor enough to get the rates down
to six and a half percent, And we talked about
it last week about people that bought over the last
couple of years, three years they unless they bought the

(00:58):
rate down. They're over seven percent, so we need to
be able to give them a call to action. We're
down to six and a half percent. If you're at
seven or higher, big audience, we're talking to yep, and
it's an opportunity and it's nine hundred and forty eight
bucks is where we're going to start with closing costs.
Depending on the final equity position, your credit score, that
could change a little bit. That doesn't cover s grows.

(01:20):
You know, if you can break even in a month
or two. It's the same old adage. People get out
here ten and they get stuck on that. Oh, I've
got to have a one percent rate drop if we're
going to be able to make this work. It doesn't
make sense to do it. Well, how do you figure
out if that one percent is going to make it
for you or not. It's in the closing cost How
long did it take you to break even? And when
do you really start saving money? And at nine hundred
and forty eight dollars, depending on the size of the loan,

(01:42):
it may not take longiformers start saving money. It could
be a one month break even, it could be two months.
But that's where that one percent adage comes in if
you're paying twelve or thirteen thousand dollars in closing costs, Yes, sir,
you need to have a big rate drop to make
it make sense. But if you can break even on
your closing costs within the first several months three or
four whatever, and increase your cash flow, you can have
a couple of months without making a payment anyway, most likely.

(02:05):
So you know, it's a it's a great opportunity. We're
six and a half. I don't know how long it's
gonna be there. The market is volatile. It could be
going up, it can continue to go down, but we
don't you know. I was talking to somebody and I
urge you have the same conversation various ways, swoys, Hey,
we take advantage of it.

Speaker 2 (02:24):
The market's volatile. Is lock it now for nine hundred
and forty eight bucks.

Speaker 1 (02:27):
If it goes down, we'll refinance it again, you know,
or refinance it, you know, after you've bought it or
what have you.

Speaker 2 (02:33):
But it's the market's too sketching.

Speaker 1 (02:36):
There's too many moving pieces out here to ride two
off along and thinking it's going to go lower.

Speaker 2 (02:41):
Take what you can get, marry the home date the loan. Yep.

Speaker 1 (02:45):
If my customer wants to go ahead and lock in
six and a half because he can sleep it, not
now I have to say, I guess sir will start prossibly.

Speaker 2 (02:54):
That's what I'm saying. Why wouldn't you anyway for that
hundred and forty eight bucks.

Speaker 1 (02:56):
I mean, well, he's getting ready to come up on adjustment,
on adjustment or mortgage, so there's a little unknown there.

Speaker 2 (03:04):
About where his rate's going. Okay, he's got a cap
on it.

Speaker 1 (03:08):
Yeah, the rate's going about where the rate's going to
about where he's going to pull the plug right now
at six and a half, okay, And now he sleeps
at night and on it.

Speaker 2 (03:17):
He's at least he's got that locked in. He knows
what his payment's going to be moving forward.

Speaker 1 (03:22):
I got you, so yeah, I mean it's to me,
I'm like, let's let's get this thing. If you're buying,
and let's let's lock it for forty five days and
go on with it. If it goes up, you're safe.
If it goes down, we'll just refinance it somewhere down
the road. You have a couple of months, like I said,
with that making a payment anyway, so it's uh, it's
so volatile and there's just so many moving factors. After

(03:43):
ten when we you know, we used to be able
to read the tea leaves fairly well and we could
advise them, hey, hold on, I think it's going to
go a little lower, and we'd be right and then
or hey, we better lock it.

Speaker 2 (03:54):
It's going to go up.

Speaker 1 (03:55):
And about ninety eight percent of the time we could
get in the right way. But there's just so many
factors out here on information, and you know, may they
finally made a change that the girl labor's patistic to
be ls. Everybody said that, you know, somebody was fired
based on the results that she gave.

Speaker 2 (04:12):
Well she wasn't. I don't think she was fired on that.

Speaker 1 (04:14):
I think she'd been giving results that weren't accurate for
a quite a while from what we could tell. I mean,
you know, off by million and a half or two
million jobs and now we can get the real numbers.
But that's kind of why they haven't lowered. They're trying
to justice inflation. They just didn't. They kept saying people
are hired, they got money, they're hired, they got they're
still making money. You know, they raised race to slow

(04:35):
down and employment and try to help the just economy
that way. They used to bed old game show back
when I was a kid, Larry. They'd bring out some
of these three people, which one was telling the truth
about something, and you made it chow other gamble.

Speaker 2 (04:50):
On which one was telling the truth? To tell the truth? Oh,
to tell the truth? Yeah yeah, right yeah, yeah yeah yeah.

Speaker 1 (04:56):
So you're you trying to take you try to pick
up on somebody presentation on whether read truth or not.

Speaker 2 (05:04):
That's basically politics.

Speaker 1 (05:06):
We've talked about the root level on this show for
two years and that the BLS report that you know
that they weren't adding none I mean BLS and you
got ad EP and other job factors and they just
didn't jib. But I think it was a year ago,
this past Guene when they came out said that at
that point they were off by me and a half
jobs that they said were out here that weren't you know,

(05:28):
they said that they were over overworked and understaffed at
b LS and they made it very clear some public
statement and then they've you know, since then, they've made
different you know, given different numbers and then have to
come back and adjustment. I mean, I'm talking to be
about a twelve or fifteen thousand other I'm talking fifty
thousand jobs or sixty thousand jobs. You know, that's just

(05:48):
you've got the seasonal adjustments, Tim We've seen it our
entire lives, you know, and around the holiday time people
get seasonal adjustments because people will go pick up a
job and help out at the at a at a
local state or whatever, pick up some extra money around
the holidays. And we did see that, and we could
take it into consideration, but none of that was ever
part of the factor.

Speaker 2 (06:08):
I mean, and in.

Speaker 1 (06:10):
May and June you still got showing that there's four
hundred thousand people being employed when really it was two
hundred and sixteen thousand, and so that's kind of skewed it.
But I think that Bond Marcus working in our favor.
Where at six and a half percent on a thirty
five point seventy five on a fifteen six percent on
a twenty, if you bought a house in the last
three years, last four years, and you're above seven percent,

(06:32):
you need to give us a call. Eight five nine
eight nine nine nine three six. Hey, listen to the
radio show. Get me a quote on my balance here
it is worth six and a half. And let's see
what we can do and let us put something together
for you. We just talk about all the time. Ten
they go across town to get a gallon of milk,
say fifty cents or ten cents on or a nickel

(06:53):
on a gallon of gay. In the overall, look at
the how it's been pass played out for the last
two years. Married, a home date, the loan you can
always refinance. We don't have any three pen a penalties
on anything, and go through the process again. But if
it's going to save you four one hundred bucks a month,
you know, while we don't you know what I'm saying.
So it's just you know, a little check up from

(07:14):
the neck up. Get your mortgage up and see what
you're paying. And if you're listening to the show, like
didn't hum frees them, These people listen to it on
a regular basis, you know, get your stuff out, look
at it, see what your rate is. You know, let
us put some numbers together, let's figure out how much
we can save to it.

Speaker 2 (07:29):
And another thing.

Speaker 1 (07:30):
Some of these people that might have bought something last
three years ten, what if they have mortgage insurance that
we can get them out of and look at you know,
there's multiple at streams of avenue and in a loan
that we can help with, depending on the equity position
and the value at this point that's been created by
your payments and just the attrition attrition that happens through
your buying right and paying down and the values increasing

(07:52):
in central Kentucky.

Speaker 2 (07:54):
So get it out, take a look at it.

Speaker 1 (07:55):
Give us a call eight five nine eight nine nine
nine three sixty and I'll give you myself on them.
Call me on myself on text me eight five nine
three two one four three nine three.

Speaker 2 (08:04):
And uh, Tim, you give your numb if you want to,
I mean just call us. I mean I can. I
got a cack later on my phone.

Speaker 1 (08:10):
I can tell you what I can put together and
let you have a look at what we can save you.
And if we decide to move forward do online. You
can call in and take an application. Well, you know,
people we're on here every week, and obviously our listeners
get used to hearing these our voices on here every Saturday.
So Larry, we may just have to open up that

(08:31):
mic up on these Saturdays and let people call and
talk to us about their experiences that they've had with
Guardians and get it from for another perspective, just from
us that I think that'd be fun. Let them give
us You know, when you do when you buy a
service online these days, what do you get the next prompt?

Speaker 2 (08:49):
The next prompt? How was you know?

Speaker 1 (08:52):
So? Uh, we could talk all day, you know what
we do and how we do it, but it might
be nice for our audience to hear a little bit
of positive feedback and we know it's out there. Well,
we used to do it more frequently, you know, when
we were at the studio more often and we had
a little easier to do. But I agree with we
can get some emp reach out to some people or

(09:13):
get them to reach out to us, and we can
chat up with them on recent experiences with the loan.
I will tell you that, you know the way that
the industry has changed a little bit with insurance, so
now we have to be more involved in the homeowners
insurance claim as far as if there's work being done
and money coming and going and all these different things.
And I had a lady that I was working with

(09:34):
on it, and she was telling me when she first
started Guardian two.

Speaker 2 (09:37):
Thousand and eight or nine.

Speaker 1 (09:39):
I think, is what she said. She had an issue
of some type with whoever the loan offer was. Wasn't
you were on It might not even been anybody in
Lexington for that, as far as that goes. Anyway, she
had an issue with her loan and we were talking
about this insurance stuff.

Speaker 2 (09:51):
We're just talking about.

Speaker 1 (09:52):
She said, I didn't know what I was going to
do or what I was going to say, but I
wanted to talk to somebody, and I got the number
for the president of the bank. They gave me none
of the president of the bank, and I just knew
I was gonna call up her and go to voice mount.

Speaker 2 (10:03):
He answered, right, you know, And she said we talked
and she could remember his name I knew.

Speaker 1 (10:10):
I said, was it Rick? I was Rick burkher, I said.
She said, he answered the phone and he helped me
with my problem and wasn't what I thought it was.
And we got resolved. And she said, that's why we're
having dinner here today, not only because we're doing this insurance,
but my friend. I was telling her that was the
success I had. I called and talked to the president,
helped me resolved a problem. It was more just communication
than anything. And that's the way it is.

Speaker 2 (10:31):
It guarded.

Speaker 1 (10:32):
I mean, we you know, be here by here, and
you know, stay here with your loan, do your business
with us locally. We serviced these loans. And but she
it just cracked me up because she was just.

Speaker 2 (10:42):
She said, I didn't know what I was gonna say
or what I was gonna do.

Speaker 1 (10:45):
I just knew I was gonna have to leave a
message or you'll be prompted, like you said. And you
bet she was heard, and she was she was satisfied.
And you could bet, knowing Rick Burkehart like I did
that she got satisfied. Oh yeah, and uh that's you know,
that's that's part of our claim to fame. I mean,
our clothing costs are nine hundred and forty eight dollars

(11:05):
because the payback's truly in the payback. And when these
people were paying Guardian month in and month out, they
they can call and they can you can get up
with us and take care of it. I had a
lady call this week. She's selling the house to a relative,
no realator's involved.

Speaker 2 (11:19):
She needed to pay off.

Speaker 1 (11:20):
And I said, well, this is the number you're going
to call tell them that this is a trend. You're
selling it. You don't need a balance. You're selling it
because there's a release fee for your mortgage. I'll send
that to you and a couple of day after you've
paid off. There's no attorneys involved. Let them know that
because I asked her, I said, you got your selling
this house to your knee or do whatever? I said,
is there any attorneys involved?

Speaker 2 (11:40):
Note? So I said, this is key.

Speaker 1 (11:42):
So they would request to payoff and get it in ordinarily,
but not since they're not.

Speaker 2 (11:48):
You know, this is how you want to go about it.
So she did. But I mean that was that's kind
of what we do.

Speaker 1 (11:53):
I mean, we're there to help make sure things go
right and make sure everything's were it need to be.
And I didn't have the answers. I had to give
her the number of the customer service up there. Said
they're going to verify your account to your social Security
number and your account number, and then just tell them
what you need and they'll help you.

Speaker 2 (12:08):
So you know, it's kind of.

Speaker 1 (12:12):
You know, uh, the part of dealing with the local
bank that's going to service your loan and we'll take
care of six and a half on a thirty six
percent on the twenty five seventy five on A fifteen
closing costs with the right we start at nine forty eight.
That covers your appraisal, title work, all the things we
need to put your loan together, credit report, blah blah blah.
So just give us call eight five nine, eight nine

(12:33):
nine six. Once you go and give myself phone eight
five nine three two one four three nine three, Rachel,
drop and call me.

Speaker 2 (12:38):
I'll take some information. We'll take it.

Speaker 1 (12:40):
Get you over the phone, answer your questions. I mean,
now is the time to get motivated and do something.
We're gonna take our first break of the day. Guardian's
open from nine to one. We're over here on Hamburg.
Tim and I are going to be right back and
pay the bills. Your listen Welcome Home Show by Guardian
seventy Bank on news radio. That's six thirty w lav
They we'll be right back. You're back listening to Welcome Home,

(13:02):
sootle back. Guardian Savings Bank, Larry Franks, Tim Addams in
here this Saturday morning.

Speaker 2 (13:06):
Bank's open from nine to one. Con numbers eighty five.

Speaker 1 (13:09):
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, you can call us. Just
if you're listening the first half of the show, you know,
we're just talking about you know, this down to six
and a half and we've been here earlier this year.

Speaker 2 (13:22):
Then to jump back up. It's volatile.

Speaker 1 (13:24):
So if you've been preapproved, and you might want to
double check and see where you're at on that. If
it's gone down, you're buying power went up. If it's
gone and then you're buying power went down. But I
mean it's just time to maybe do something and consider something.
And we keep preaching if you bought a house on
last three years in Lexington, you know you're gonna be
seven percent or highing rate if you did a thirty

(13:45):
year and we'd.

Speaker 2 (13:46):
Like to talk to you and see if we can
save you some money.

Speaker 1 (13:49):
The old adage and people will still talk about it,
you got to have a one percent rate dropped to
consider refinance.

Speaker 2 (13:53):
That's not true.

Speaker 1 (13:54):
That's not true when you don't have you know, a
ton of closing costs. That's where the rubber meets the
road on those I think you know for you know,
twenty five percent equity and seven eighty credit score or
whatever tim was nine hundred and forty eight dollars, the
closing costs for rate and term refinance eighty dollars recording fee.
You can't beat our closing costs and right now, all right,
shall be right there with with the thick of.

Speaker 2 (14:14):
With mode and better than something I ain't said. Every week.

Speaker 1 (14:18):
Out of pocket is equity in your home being used
to pay your clothing costs. That's the same, and that's
the smoke that could from you really know what's paying.

Speaker 2 (14:27):
That's that's a good point because a lot of people say, well,
no out of pocket. All right, Well, I've told the
story many a time.

Speaker 1 (14:33):
I was like, I got a quarter of a point rate,
less less than what you guys are, but to close it,
my paymenting going down. And I was like, but I
got to looking at it, and what he hit, what
he owed us, and what he was reborrowing didn't give
him a break on the rate because the closing costs
are so high. Doing one of these online rocket launchers
or something, you know. I was like, dude, I said,
you're borrowing that. Yeah, it's not out of pocket, but

(14:56):
you're losing seventeen thousand dollars in equity that's why your
payment ain't going and down you paid in seventeen thousand
dollars that you're not ready to give them, Or you
can come in here with us for nine hundred and
forty eight bucks. We used to call them dufus dollars. Yeah,
dufus dollars. Yep, why would you ever do that? Call
and shop around, give us a check and let us
you know. I'll get you a quote and I'll make
you my best offer the first time you come to

(15:19):
seeing and you can shop around and see what else
is out there.

Speaker 2 (15:21):
I recommend it. I got some I know who my competitors.

Speaker 1 (15:24):
Are, the ones that do as close to what we
do as we do, and I'll tell you who they are.

Speaker 2 (15:27):
You can call them and see and see what the
deal is, or call whoever you want.

Speaker 1 (15:31):
But I mean, I love it, and I like for
people to know what they need to know, what they
think they need to know. As far as doing the mortgage,
part of it is what those closing costs are. And
if you've got ours and you can compare them to others,
you're gonna come back by ninety eight percent of the time.
Somebody might get us on occasion, but they're gonna have
to be very creative and not make a whole lot
of money on their side of it. As Tim said,

(15:51):
we service the loans. The money to us in our
business model is made in servicing the loans. I don't
have to charge a bunch of fees up front, and
that's how a lot of people work.

Speaker 2 (16:02):
Our footprint doesn't require that, yep.

Speaker 1 (16:05):
And that's that was refreshing from the day I found
out about Guardian, is that we service loans, because when
I first started this business, Larry, it was kind of
the Wild West period of mortgage lending in a sense. Yeah, well,
I mean that's starting off in the sixties, but there
was there was a lot of doors that opened up

(16:27):
for fraud, meaning that you could get something in the
mail that said, hey, you're you need to start making
your payment here now your loan's been transferred or sold,
and unfortunately Americans were fell victim to it and sent
their mortgage payment to a PO.

Speaker 2 (16:46):
Box that went into the hands of some nefarious people.

Speaker 1 (16:51):
So that has been very uh been it's been very
helpful in helping me promote Guardian. That fact that we
serviced alone. Let there be no confusion servicing is different
than selling. We we do in essence sell alone, but
we're using Freddie Mac money and using their guidelines to

(17:12):
do a fixed rate loan.

Speaker 2 (17:15):
But we'll always control the paper.

Speaker 1 (17:17):
If you won't get something in the mail, it says, hey,
start sending your paper, Start sending your check somewhere else. Why,
was explain somebody the other day, and I know we're
going to wind down this assessment show and then we'll
do another, but they were asking how that worked. I said, well,
we trade paper with Freddie with a federal home loan
bank and Freddy Mac.

Speaker 2 (17:34):
When then, what do you mean by that?

Speaker 1 (17:36):
I said, well, if I lend you two hundred and
fifty thousand dollars on thirty years, take a long time
to get enough money back to make another loan. So
when we're trading paper with Freddy Mack, they're buying the
they're replashing our coffers with cash so that we can
lend again. And then we maintain the servicing where they're
always paying us. And I bloys like that about Guardian
as well's out of sight, out of mine most of

(17:56):
the time, but they're Guardian. They're seeing our name once
a month when they make a payment. Let's auto de
duct or something, you know what I'm saying. So it's
hopefully we're the first person they think of when they
get ready to start shopping again for another morgage. Anyhow,
we'll talk some more about some of the different stuff
that is going on in the Morgan, but we're gonna
take another break. You are a list of Welcome Home
Show by Guardian Savings Bank. We're opening a day from
nine to one. Phone numbers eight five, nine, eight nine,

(18:18):
nine one nine three six. That's here in Hamburg. It's
over south and it's eight five nine two six three
three three three five. Good Jamie Mortarmer, Aaron O'Brien, Alex Malaney,
Jim McKenzie. So if you guys need some help, just give.

Speaker 2 (18:30):
Us a call. We'll do what we got to do.

Speaker 1 (18:32):
Six and a half on a thirty six on a
twenty five, seven, five on a fifteen.

Speaker 2 (18:35):
We're gonna take a break. We'll be right back. Your
list of Welcome Home Show by Guardian Savings Bank on
news radio on six thirty a w lap. They'll be
right back.

Speaker 1 (18:44):
You're back listening to Welcome Home Show by Guardian Savings Bank.
Larry Frank, Tim Adams in here with you this Saturday morning.
I hope you're enjoying your weekend. Kids, you're getting out,
getting ready to go back to school if they haven't
started already.

Speaker 2 (18:54):
It's coming pretty quickly. Bank believe yeah, oh I know
it goes.

Speaker 1 (18:58):
Hey, we're open today from nine to one one Phone
numbers eight five, nine, eight, nine, nine one nine three
six over here in Hamburg, Southlands. Eight five nine two
six three three three three five. You can hear what
you can call us. We'd be glad to help you
put something together. We've just been talking about some rate
changes and we're down to six and a half on
a thirty six percent on a twenty five, seven five
on a fifteen. So we're just hoping and preaching and

(19:22):
just trying to throw out there.

Speaker 2 (19:23):
If you have somebody.

Speaker 1 (19:25):
Your neighbors, or your kids, or your grandkids, or your
nieces or your nephews, or your coworker, and you know
that they bought a house the last three years, do
them a favor. Hey, we listen to the radio show.
Call this phone number eight five nine, eight nine nine
one nine three six. They say that they can close
alone for nine hundred and forty eight dollars and the
interest rates six and a half.

Speaker 2 (19:45):
Yeah, you know, and just.

Speaker 1 (19:47):
Just call if it doesn't make sense and it's not
going to save you any money, We're not gonna do it.
But nothing venture, nothing game. You know, they might buy
you dinner, no day, give me good information right there? Yeah, yeah,
I mean it's just doing a favor. But I mean
a lot of people it's out of sight, out of mind.
I mean they're right around down here and keep paying
seven and a quarter seven and eight seven seven five,

(20:08):
you know, and they can refinance, have a couple of
months without having a payment, free up a little cash there,
and then save some money on their monthly payment and
increase their cash flows like getting a raised without getting
a raise, saving money, saving money. Especially now is inflation.
Has it gone back up? You hear gas get went up,
you know, incremental little bit a little bit. But I
think it takes time for some of the policies to

(20:32):
take effect.

Speaker 2 (20:34):
We don't know yet. I mean, so far, so good.

Speaker 1 (20:37):
I know, there's all this past week where apples, yeah
right here in the state of Kentucky down Harrisburg, and
they're making it's a it's a then mayke a lot
of the glass component used in iPhones and some of
Apple's technology, you know, the plastics, and I think they're
getting ready to uh understand it is take back over three,

(21:00):
I don't believe it or not, Tim, And they're gonna
regent and they're going to rejuvenate that and they're going
to create.

Speaker 2 (21:05):
Their own energy.

Speaker 1 (21:06):
They're gonna be on their own grid. They're not gonna
put around with all this other stuff. And so they're
gonna be right up in your hershey, Pennsylvania, getting that
going again. And that's where they're gonna put a majority
of their production site.

Speaker 2 (21:16):
That's the way.

Speaker 1 (21:17):
That's kind of the underlying stuff that I'm here and
for where Apple's going to do.

Speaker 2 (21:20):
But you know, there's a lot of stuff.

Speaker 1 (21:22):
Moving and shaking the economy, you know, in our opinion
from what we've always studied, and we've been doing it
for a minute. You get up and watch the overnight
news from overseas, training you know what's going on with
money and the dollar and all that, and we'll keep
a close eye on it so that we can talk
with people and have a fairly good idea what's going
on and have a little bit of sense about what

(21:43):
the economy is doing and where we're at, and you know,
I think that's what we should do, is mortgage professionals.
It seems like something changes every every wall street day
that affects things one way or the other. With center
regard to mortgage rates, we just can't seem to get
that push to get rates where Americans expected them to be.

(22:08):
And there's a lot of people that have such a
good rate there're never going to do anything anyway, And
I understand that, but I think, you know, Tim, remember
when we were down at three and a half or
the bed said we're going to five. Man, We've been
in seven and higher and everybody says we're you know,
we ought to be at five. So five seems like
the magic number to where everybody's going to feel comfortable.
And I think we can get there at some point.
But once again, I'm going to use the phrase, you know,

(22:29):
marry your home and date your loan.

Speaker 2 (22:31):
If we can save you some money, give us a call.

Speaker 1 (22:33):
Eight five, nine, eight, nine, nine, one nine three, six,
thirty year fixes six and a half percent, twenty years, six,
the fifteen years, five point seventy five, and you know,
under the right circumstances, you know, twenty five percent on
equity position or seventy five percent on the value of
the seven eighty credits score. Closing cost for nine hundred
and forty eight bucks. That includes your appraisal tied to

(22:54):
work loan, closing credit report, anything we need to put
your loan together. Doesn't include the filing fee of eighty
bucks for your escros or your prepaid interest with just
advantage your due there to the first of the month.
But nine hundred and forty eight bucks, folks, So you
can't I don't think you can go wrong by at
least making the phone call to him and what take
about five or ten minutes to get an application. If

(23:15):
it's gonna save money, it makes sense. Obviously we're gonna
do it. If not, our underwriters and people, you know,
they wouldn't let us pull around and waste the time.

Speaker 2 (23:25):
So, but if the economy's good, been good enough.

Speaker 1 (23:28):
To you, what's wrong with five point seventy five and
you're knocking out of the park with principal reduction every
month maybe compared to what you're doing right now. If
you're an even a thirty year fixed at three percent,
and that's a great move over to five.

Speaker 2 (23:43):
Point seventy five. See what that payment looks like, and
you look at the principal.

Speaker 1 (23:48):
Callumn and the interest column, you're going to be very
pleasantly surprised about the performance.

Speaker 2 (23:57):
To do that.

Speaker 1 (23:58):
And you got to think about that if you're want
to be in a house long term. That's everybody has
to ask themselves when they buy a house, how long
you going to live here?

Speaker 2 (24:06):
Nobody knows, but we know data says that.

Speaker 1 (24:10):
Or you know, five years ago the average lost man
was five seven years exactly.

Speaker 2 (24:16):
That's a great point based on that if you know
you're if you're living in your forever home and you're
trying to get it liquidated.

Speaker 1 (24:24):
And then another thing we talked about last week we
need to continue to harp on is people getting ready
to retire. And if you're getting ready to get in
that mode of retiring a position, get get it. You
better check with your CPA or you're counting whoever, and
get everything in line, because that retirement income is going
to be different than what you're making your bonuses, you're overtime,
and some of those things could possibly change. And I

(24:45):
don't know how many times in my career ten where
somebody's come to rethrough their mortgage after they've retired, and
the budget is so tight and the debt is so high.
It's tough to pull together, even though they might be
managing and they want to restructure, and that's really what
we're here to help them do. But if we can
get it before they get retired, then put them on
a good plan and know exactly what they have coming

(25:07):
and going and what their debat is, and it's easier.
Sometimes your retirement bones may be only that you retired.

Speaker 2 (25:14):
Yeah, yeah, nothing else came from it except that you
have a different lifestyle. And yeah, and I don't know
what to do.

Speaker 1 (25:23):
I was retired anyway, So yeah, I've got to I thought,
that's not even a.

Speaker 2 (25:28):
Tournament will come into my life. I'm going to be
doing something.

Speaker 1 (25:32):
If you know, we need people to stalk the shelves
up to God's pantry this week, you know.

Speaker 2 (25:38):
Well my back gets better.

Speaker 1 (25:39):
Larry, Well, you know, I give it up my cell
phone today a couple of times, and not something I
ordn'tarily do, but I think rates are down long enough
now We've got enough people to listen to been waiting
for it. Call me to give me a mortgage balance
I got a computer right on my phone, i'd be
able to tell you what we can save you, give
you an idea what closing costs will be, and then
we get busy Monday. Or I can send you something

(26:01):
to fill out online. But eight five nine, eight nine
nine one nine three six. That's nine to one today.
But once again myself one numbers eight five nine three
two one four three nine three, Text me do whatever,
send me a balance and whatever, and I'll work on
some numbers for you, you know best I can from
wherever you're at, where I'm at, with what we got
to work.

Speaker 2 (26:17):
With, that's right. What kind of music we're gonna listen?

Speaker 1 (26:19):
Do that, Larry, I've been letting Steve Picket, you know,
I haven't really thought about it a whole lot. I
like to try to promote some local artists and some
people that we're familiar with, just because there's a ton
of it, a ton of it out here, a talent
in Central Kentucky in the music world. And I like
to get out and I like to listen to live

(26:40):
music around town. I like to go, like to Austin
City to Piston Willies cocktails. You know, there's a lot
of different venues around here. When you get something going
on the Borough or Manchester Music Hall. I mean, there's
just all kinds of good places to go. I guess
some at a private art party down at Manchester Music
Hall this week on.

Speaker 2 (26:58):
Tuesday maybe.

Speaker 1 (26:59):
And and then one of my buddies works down there
in Gray Adams and he's like man with the surprises
of my job. And it was Ricky Skaggs. They had
a private party down there and they had the stage
set up. He had no idea, he was just tending
barn and working down to Manchester Music Hall to the
private party. He said, I do know somebody's gonna play.
Don't know who it was. And it was Ricky Skaggs.

Speaker 2 (27:18):
Wow, that's what he is. A Hall of Famer, you
know for sure. He had ran into a lady this week.
Talked to her about it, Morgan.

Speaker 1 (27:26):
She used to do the booking of music and is
still fairly busy with them at the Bluebird Cafe down
there in Nashville, and that's a pretty popular place for
people to go do open mic and play their songs
and be recognized. But I love the you know, the
music scene around to do. I think Luke Cohn said
a recently. I saw that on the news that he
thought Kentucky was just loaded with musical talent, and it is.

(27:48):
There's a ton of you know, people used to sneak
getting them down to Tennessee.

Speaker 2 (27:52):
That's what Nashville. I just said.

Speaker 1 (27:55):
Then, I've been happening to see the TV ad for
John Michaels Farewell Monsor on December twelfth at rep Arena.

Speaker 2 (28:04):
And of course I used to go.

Speaker 1 (28:10):
The Great Vine was a club out in Taste Creek Center,
and we were.

Speaker 2 (28:16):
In there one night.

Speaker 1 (28:18):
You know, of course David Letterman showing on the tail
on the television in the in the restaurant there, and
Michael's up there on with David Letterman.

Speaker 2 (28:29):
He's sitting down to in the bar, and I said,
how can that be.

Speaker 1 (28:34):
The old country boy, And didn't realize they take David
Letterman like at four o'clock in the afternoon, he had
already flowing back to Lexi.

Speaker 2 (28:43):
It was back at the Grapevine, went him and.

Speaker 1 (28:46):
Really, uh, we used to go watch Troy Troy Gentry
blossoming career there at the Great Vine.

Speaker 2 (28:53):
It was a great place to go. Ye and him
and Eddie got hooked up.

Speaker 1 (28:57):
Ye and they'll all be there for the farewell Eddie,
all the brothers, Eddie Montgomery. I like the fact that
he still kind of uses Montgomery's entry.

Speaker 2 (29:09):
And his time about the group.

Speaker 1 (29:11):
Yeah, we lost so he uh sure, it was just
such a he was an electric person.

Speaker 2 (29:19):
I'll just tell you.

Speaker 1 (29:19):
Yeah, yeah, and uh, Deceumuary got plenty of time to
get your tickets for that. And then uh, you know,
you and I you and I've been talking, been telling
you a little bit about you know, just for fun,
myself and Patrick and Doug and working on a T
shirt company. And I'll let a little bit more information
out here soon about that. Well, we we captivated and

(29:40):
secured some names and some rights to some names, and
think we got a nice little T shirt that we
can have some fun with around Kentucky and and and
I'll get more on that. We'll get set up online
where you can get some stuff, and it's just obviously
we'll do it to make a little bit of money.
We're also to donate some money to some five oh
one c trees on any of the profits we make for.
But I think we've got a nice design with a

(30:01):
good idea for just you know, people who are interested
in it and it'll be fun and Patrick Robinson and
I and Doug Barkin and we'll see if we can
put something together and have some fun with that. So
there's I don't know, we're busy. It's a political season.
We might get some guests on here and talk about
stuff and see what they've got in mind. Let them
have a little bit of time, do some stumping if

(30:23):
they want to invite a few people want them to
see if that's something they want to do. Maybe they do,
maybe they don't, But you know, they just thought there's
a lot of stuff going on. And the main thing
is the bomb market's helping us six and a half
on a thirty six percent on a twenty five point
seventy five on a fifteen and if a seven eighty
credit score and twenty five percent equity, you're looking at

(30:44):
nine hundred and forty eight dollars.

Speaker 2 (30:45):
In closing cost him.

Speaker 1 (30:46):
And it's just, you know, I just can't pound home
enough how much people think you got to have a
one percent rate drop to have it make sense.

Speaker 2 (30:55):
That's not true. If we closing costs are nine.

Speaker 1 (30:56):
Forty eight, if they're nine thousand and four hundred and eight, yes,
and there's people out here that'll charge of that if
you get online. That's where they do the old no
out of pocket. No, they're just gonna jack it up
in equity.

Speaker 2 (31:08):
So we're gonna take another break.

Speaker 1 (31:11):
Banks open today from nine to one, when it was
eight five nine eight nine nine six.

Speaker 2 (31:16):
That's here in Hamburg.

Speaker 1 (31:17):
Alex Single, Lorie Hawkins, Tim Adams, Rob McBride, comederis obviously
Tim and I, Richard Klinch and South and Drives eight
five nine two sixty.

Speaker 2 (31:26):
Three three three three five. If you can hear, she
can call.

Speaker 1 (31:28):
If you are listening to Welcome Home Show by Guardian
Savings Bank on news radio.

Speaker 2 (31:31):
Six thirty oh, if you will conserve you one of
guess W L A B We'll be right back. Please
to Welcome Home Show by Guardian Savings Bank.

Speaker 1 (31:41):
The Addams Larry Freaks is Saturday morning. Glad to have
you with us, Appreciate you turning into us. Hopefully we
can stir you up and get you to talk to
some of your family, friends, neighbors, relatives or anybody else
that bought a home. The last three and a half
four years we have it tried to have the ranks
coming down and we're just trying to give everybody call
to action that you know, we're six and a half
on a thirty six percent on a twenty five to

(32:02):
seven five on a fifteen, and you know, with a
seven eighty credit score and twenty five percent equity, you're
looking at nine hundred and forty eight dollars in closing
costs and got an eighty dollars reporting VNCE and mescros
and stuff.

Speaker 2 (32:13):
But Jern Valcavy's.

Speaker 1 (32:15):
Job looking at the tea leaves now and some of
that rattling, know the savers that we're hearing with people
on the FED board and some other stuff. There's little
dissension and why they didn't lower rates last time. They
think something's going to happen in September, But don't.

Speaker 2 (32:26):
Wait on that.

Speaker 1 (32:27):
You're talking about the prime interest rate and the bond.
The ten year bond is what dictates these mortgages we're
looking at, and the market this week was a little
week on the sales of them. People we're gonna wait
to see what happens for they invest in a lot
of it. If you bought anything this last three and
a half or four years, or if you're just trying
to do some debt consolidation and you're at four, but
you've got you know, credit cards that you're at thirty

(32:50):
and you want to do a cash out refinancios. Closing
costs are different. But if we could put everything together
for you at six and a half percent, why not.
If I can knock out three or four deals for
you and save you fifteen hundred dollars a month, why not.
The problem to me, Larry, is there seems to be
a real desperation among the realtors and themselves about this.

(33:12):
And of course, when you buy home, you tend to
spend in the retail sector too, so there seems to
be That's why you're hearing this outcry from not only Washington,
but from a lot of.

Speaker 2 (33:27):
Top banking executives that the Fed needs to lower the
Fed fund rate. This one they may't walk next month. Ten.

Speaker 1 (33:35):
You pointed up several weeks ago, you know, there's pointed
it up and pointed it out that there's thirty three
percent more homes on the market now.

Speaker 2 (33:43):
Than there was a year ago, and thirty percent less
permits to build, right, something like that.

Speaker 1 (33:48):
And we're using jobless things and jobles entries that nobody
knows what report to believe exactly. And we've been talking
about for a long time in the BLS, you know,
they the bureaulevers Atatistics. They said, hey, we're overworking understaff.
We know these numbers are wrong, and it's been back
there for two years. But when you're two million off

(34:09):
and you're consistently off by lots and lots of information
for a couple of years.

Speaker 2 (34:14):
You know something's got to change. I know that everybody
else is gonna look at it differently. And do we
know how many people that aren't on the grid at.

Speaker 1 (34:20):
All and aren't gonna have jobs right that we can't
even count well? I mean the costs of living, Just
like you said, gas prices are a little higher now
than we're last week. I've seen as well as two
forty and i've seen three oh seven recently, you know,
But I mean it's depends on where you're at. You
go down the summer set, what's the price of gas
antituapert is in Lexington, go to London. We were funny
you should say that, because we were looking at TV

(34:41):
the news last night and my wife was just brabbed
that you'd gone over to Costco and got it for
two eighty nine or two to eighty nine, and they
popped up.

Speaker 2 (34:51):
He said, the speedway in Corbin two sixty nine. I said, honey,
take off, And that's what I say, Tim. We talked
about that early.

Speaker 1 (35:00):
People will drive across town to say with nickel on
a gallon gas or fifty cents on a gallon of milk,
but they won't get their mortgage out and say, man,
I'm at seven and three eight, so I could go
to six and a half and save me six hundred
and twenty seven dollars a month. Maybe get rid of
mortgage insurance. It might be another hundred or a couple
hundred dollars a month. I mean, where's the rubberneath the road?

Speaker 2 (35:18):
But you it's just a.

Speaker 1 (35:18):
Phone call away eight five nine eight nine nine nine
three six. You know, we'll put pencil to papers so
much we can save if it doesn't make sense, but
it's a ten minute conversation to decide if you need
to move forward or not. If it doesn't make sense,
we're not gonna do it anyway, but we're just trying
to give you a call to action. If you say,
if you've got a co worker grandkids, your kids, nieces, nephews, whatever, something.

(35:41):
You know. We all know somebody boys, I made something
within the last three years, and it's time for them
to make the first step. And like, once again, if
you have some equity and you've got to run up
some credit card debt, which a lot of people have.
We've got more credit card debt now than we've ever
had in the world, in the United States and in
all these different economies.

Speaker 2 (35:59):
But if we can use some of that equity and.

Speaker 1 (36:01):
Pass some of them twenty percent credit cards or whatever
you have, but don't Paul Victim to know out of pocket. Yeah,
and I've put some good ones together, you know. And
we might take some of that mortgage depth that's at
three and a half or four and it might go
to six and a half, But you're taking a bunch
of debt from thirty to six and a half. How
much can we say to you to let us put
it together. If it makes sense, we'll do it once again.

Speaker 2 (36:21):
If not, we won't. But you need to get out
and take a look.

Speaker 1 (36:24):
At and let us help you. You've been pre qualified
or you're going to get pre qualified. I've got several
preapproval letters out this last couple of weeks, the mark
are already picking up.

Speaker 2 (36:34):
I don't know if it's because it's the end of.

Speaker 1 (36:36):
I don't know what's You know how we used to
get real busy in the spring, be busy probably through
the summer, and then we got closer to winter ten
that kind of slowed down. People don't want to be
doing all the stuff during the holidays, you know, just
people are on standby to see what's going on, I
think with the leadership. But I think the leadership has
falling into place now. I don't think we've had so far.

Speaker 2 (36:54):
They've not shown any tragic news with these tariffs.

Speaker 1 (36:58):
Got companies coming in like we talked but earlier Apple
and there was a couple of true to him they
mention be you know, it's just so in my opinion,
there's a lot of.

Speaker 2 (37:06):
Good stuff going on.

Speaker 1 (37:07):
Jump on the train and take a look at your
mortgage and give us a call. Like they say once again,
a certain time they'd marry your home, but date your loan.
You can refinance it any time. Not bring many pre pament
penalties on mortgages any longer. Tim used to be quite
calming and frequent, but they're just not just not the
way that they set them up and roll with them
any longer. Take advantage of it. If we can save
you some money, let us do it. We'll give you
the first look. Give us first look those shop round

(37:29):
see what else is out there. Somebody wants to try
to beat us, let them go ahead and not bring
me can But that's six and a half percent interest rate.
It'll be in the market with most, be better than some,
but nine hundred and forty eight dollars in closing cost, it's.

Speaker 2 (37:39):
Gonna be hard to beat, so'll keep that in mine.

Speaker 1 (37:41):
We appreciate you tuning in to us. I want to
throw a shout out to our regulars that are checking
the in. Just give us a call us and what
we're doing. Maybe we'll call some people next Saturday and
see what they thought about their loan process with us,
or get them to call us and see what we
can do from there.

Speaker 2 (37:53):
But thank you Dever. Yeah, we appreciate you. Hey, you've
been a listener. Welcome home. Show Banks open to day
from nine to one. Pollo Them's eighty.

Speaker 1 (37:59):
Five nine at eight nine, nine, one, nine, three six
ten Adams on Leary breaks. We'll be back next Saturday
You've been listener Welcome Home Show by Guardian Saturdays. Mak
on New Radio You Know Where six thirty w l
AV be back next Saturday.