Welcome Home with Guardian Savings Bank 9-27-25

Episode Transcript

Speaker 1 (00:05):
Do morny like you tunure listen Welcome Home Show by
Guardian Savings Banks. I'm Larry fraiks tim AS's look at
this Saturday morning. Glad to have you tuned into. US
banks open a day from nine to one, so if
you can hear, you can call us phone numbers eight five, nine,
eight nine nine one nine three six be glad to
help you with any of your mortgage needs whatsoever. Ten
and I and none of the dead of Loan office

(00:25):
in here can do boat loans, note loans, car loans,
nothing real estate only way it's been since we've been
here for the last eighteen years or so, Tim and
I just wanted to point that out right off the jump.
The bond market's been been crazy, just like we talked
about last week, Tim, I mean it's rates have increased
a little bit with our twenty year in the fifteen

(00:47):
year work five six two five on a fifteen year
and five eight seven five on a twenty six and
three eighths on a thirty And we do have the
special if you have the right credentials for a five
and three eighths on a fifteen year fixed at eighty
percent loan to value can't be a condo seven eighty
credit score and that's a good deal five and three eighths,

(01:09):
And they're looking for dicuity position on that one too, Larry,
you know twenty you need to at least twenty percent
twenty five and maybe the rule I don't know. Yeah,
it's eighty percent loan the value, but yeah, and it's
five and three eighths, but it's seven eighty credit score,
twenty percent loan the value, fifteen year fixed. And so
that's something to consider if you're interested in it. But

(01:30):
the bomb market's been kind of crazy. We've had some
reports come out this week, but week we'll see what's
going on. The fence did do their job, or started to,
in my opinion, to lower the rates and make it
a little more appealing to people, but the bomb market
had already had what they thought was going to happen.
Price being tim and you knew it, and I knew it.
We talked about it, and now the rates have kind

(01:52):
of crept back up. But Larry, we're in the middle
of another news cycle. And as you know, if you
read our we have an inside guru with the bank
and he gives us the heads up every day on
what we can expect in the market, and of course
next Friday is, according to him, is the most important,
one of the most important reports this month, and that's

(02:16):
the jobs report. And so just like the Fed's anticipation,
there may be some movement in the in the mortgage
world based on because they get this information leaked out
to them Larry before it becomes public. And so you
may want a week. What do they consider a leak?
I mean, yeah, somebody already knows what those statistics are

(02:39):
before they release them. And as you know, they were
all one. They were off what me and employee me,
and the jobs added. It came back off the roll
later on right it was over over overestimated, and then
came back and revised it. So we don't know if
we can believe what's going to come out next Friday,

(03:00):
but you can bet that investors have a clue. And
I don't know how they get it. Don't ask me
how they leak it, but somehow they didn't know that
for sure, whether it's going to be a quarter or
a half. This last Bedbune cut so, but the mark
he reacted to only a quarter I think, and that's
what happened, so somebody knew something. Larry, Yeah, I agree

(03:21):
with you. It's just funny how they have these leaks
and all this information comes out. You're just like, wait
a minute, you know, and you kind of you and
I are trying to watch all the different indicators too.
I had somebody the other day comment that, you know,
they had to change at BLS because they didn't they
didn't like the numbers, and the current administration didn't like
the numbers is why they had a change. And I
was like, well, no, they were off by about over

(03:42):
you know, as an ope and a half jobs before
Trump ever took in office on what they said had
taken place. And and then the report just kept coming
in with with numbers that didn't add up with what
we knew from ADP unemployment reports and all the different
very all the varying different places that information comes in for,
and they kept paying their hat on their decisions on
these fed rates on BLS, even though over the years

(04:05):
it's kind of been they take it all into consideration.
They might make an adjustment after the fact that they
had seasonal or you know, spendings up because everybody's mind
back to school stuff or there's more hiring going on
because it's Christmas time, you know, and they would come
out and make some adjustments and that's just stuff that
hasn't been overdone over the last several years. But I
think a year ago in June they were off by
over me and a half jobs. So what happened after that?

(04:27):
I don't, you know, I have I've seen some of
the numbers, but I guess, well, it's gonna be important.
It's gonna be it's gonna be interesting to see what
they have to say after the change has taken place
and they caught on to the men and a half
all over a man and a half jobs being indicated.
We're taken up during this last four years, it weren't well,
like you said, it's been a topsy turvy week. The

(04:49):
bond he will go down three points and back up
for it. So with gyrations where we're still back to,
you know, the six and three eighths is what we're
quoting today on a fifty are a thirty year fixed.
You know, if you're out there shopping and somebody's offered
you six and eight, give us a call. Anyway we
might be able to match it, depending on the credentials

(05:10):
and what's going on. We've had a few here, tim
where you know the matching I mean I don't I
think you had one here recently where the difference in
the rate and the costs and everything was kind of crazy.
I don't know how people are doing it, but I
mean I'm glad. I mean, the better and the more
competitive these closing costs and rates are, the better it
is for everybody. And that's why we like everybody to

(05:32):
get three get three quotes. You know, we ought to
be in the game. We're in the game ninety five
percent of the time, and you know we I like
for everybody to know what's going on. Well, I have
one this week and he was asking me for us
alone you know, alone estimate, and I sent it to
him and he said, no, I need something official, and
I was like, well, you know, I am the official

(05:54):
voice of the Waldcats, I mean the bank. And so
I didn't quite understand it because I said, if you
want to lock it, we'll go ahead and lock it
and then we can send you out the official disclosures.
That's the way we know about it. And I think
he understood what of you know, what how it works
with us, and that's we are an official voice, and
we can put out an official loan estimate, right And

(06:17):
and if something happened and they got disclosures in the
mail that were indifferent, of course they could cancel and
with no dollar spent. We're not going to collect money
until we know what your credentials are. So he said, well,
I may want to shop it with other lenders. And
I said, you know, I'm telling them, well, you're feel
free to shop. This doesn't obligate you. This just holds
this rate in place for you. Uh, and if you

(06:39):
find something better, we'll just pull the rate lock. Let's
just you know. That's how honest we are. We're not
going to charge you or commit you to any rate
until you're committed to us. And that means you pulled
your credit and we've looked at your credentials, right, And
I'm not going to lock the rate until I get
all the credentials from them. Because I had had to
had a big, you know issue earlier this year and

(07:01):
we you know somebody I was talking to one guy
and I was talking about his house at that time.
He couldn't do anything. So he sends me to his
brother in law tells him the same deal, and he
called send us the same deal. I said, yep, that's
what I told him. So we get to talk, and well,
come to find out it wasn't his house. He had
a couple of rental properties that he wanted to do.
And it's a whole different ball of wax, you know,

(07:22):
you know, and just in disclosures and stuff, Tim, I mean,
you know, when we sit down. I mean, that's why
I like to get all the information up from man.
I did this quoting, but I didn't know that I
didn't understand. I'm verified what I told his brother in law.
You know, I didn't. I didn't verify enough from him
to you know, really do it. So I mean I
wound up. I wasn't trying to bait and switch him.
But there is a difference. Not people need to know
that you know, well, you know, look at the terminology alone.

(07:45):
Estimate and official. Well an estimate can't be official because
we can't officially give you the disclosures and told me
know what you represent to us and as far as
your credit score and collateral, and so I don't know,
he's hung up on the FI terminology and like what
I'm sending him as an official Yes, it is official. Well,

(08:06):
I mean that's what I would have said, official as
it an official as an estimate can be. I mean
it's a loan estimate, okay, keyword estimate. So I mean
until we know, you know, there's things that can change
on here, but this is kind of a generality. Yeah,
you've got this, and you've got that, and this is
you know, this is what I'm basing on, and you know,
but it's there's so many factors, you know, Tim, And

(08:27):
I tell people all the time, everything happens in five
percent increments in this and you know it. You know,
somebody will say I want to pay thirty three thousand
dollars down. I'm saying, well you need to pay twenty eight,
or you need to pay thirty five, you know whatever,
and they're like why, I say, well, everything happens in
five percent increments and they can pay down whatever they want.
But I just want them to understand that it's ninety five,
ninety eighty five, eighty seventy five, seventy and unless you're

(08:50):
just you know, trying to hit a specific payment mark,
you know, I try to round it off and make
sure the customer doesn't spend more money than they need
or you know that they're not paying any fees that
they don't need to with the loan to value issue.
And you know, these delivery fees him. You know, I've
talked about it for years, you know, and I still can't,
you know, justify exactly what all they're for now. I mean,

(09:11):
your your penalize for being a homeowner in most respects.
You know when it started. It started during the you know,
for us to pay back to government when we were
bailed out during the financial crisis. It never has gone away.
And I don't know, you know, it's it happens to me,
it happens to you or anybody that applies. But those
fees do come into play on occasion. That's why that

(09:32):
five and three eighths is such a good deal. I mean,
there's no you know, there's no additional fees really to it.
It's it's a closing cost should be nine forty eight.
That includes the appraisal, the closing, the title work, everything
we need to do the loan include ascros you know
for taxes and insurance, and a fialing fee. I don't think.
But other than that, man, I think it's about as
cheap as you're gonna find it. It's our most it's

(09:54):
the most favorable rate and term. And really when you
go to a fifteen year, it's a win win because
your payment goes up, but it's all going to principle
and that's where the win win comes in because principal
balance reduction, that's where the money iss Larry simple, you know,
plan to pay more towards your mortgage. And I tell

(10:14):
people all the time, you can take a thirty year plan.
I can show you what it would take to pay
it off in fifteen years and what you need to pay.
But if you hit a financial emergency or something comes
up and you need a break and you're trying to
get caught up or whatever, you can fall back to
that thirty year payment and to come back to it,
you know. So, I mean there's different ways of managing
your money. But Tim, you've always been a proponent of,
you know, dropping down that principal balance, the power principal reductions,

(10:38):
and you know, it is a very important part of
my mortgage payoff strategy. If that's what you're after, it
just depends on your income. I just don't like, you know,
like you said, I don't want to paint myself in
the corner of a fifteen year payment if something happened
to me. You know, we're all just praying for good health. Bro.
You know, anything less than good health can could be

(10:59):
catastrophe to your financial picture. So oh, absolutely, that's a
one scenario for me to choose to say on an
amateurization table that means my budget right now, and or
it's lower it more than means my budget. But uh,
in a perfect world, of course, I would love to
have a fifteen year mortgage and still continue to you know,
invest in my four oh one k it's a double

(11:20):
you know, your investment portfolio is a pie chart. I'm
not a financial advisor, but you know I've I've been
at a holiday inn, I've watched enough you know, money
watch TV. I know that you need to have, you know,
im perfect world real estate four oh one savings. Impossibly
a fifteen year mortgage that would be part of an
investment strategy. And we'll talk about that on people getting

(11:43):
ready to retire and some of the things they need
to look into. We're going to take our first break
of the show today. We hope you're catching a little
bit of what we're laying down here because there's changes
going on, but just doesn't mean you can't be left
out for something out how you want to buy or
you want to do, we'll talk to you about it.
Thanks over to day from nine to one. So when
there was eight five nine, eight nine, nine one nine
three six x point three seven five on a thirty five,
eight seven five on a twenty and five six five

(12:04):
on a fifteen. We'll talk about some jumbo rates and
some other stuff here in a second you are a
list of Welcome Home Show by Guardian Savings Bank on
News Radio six thirty. Hold the Wow Cats w LAP.
We'll be right back your back. Listen to Welcome Home
Show about Guardian Savings Banks, Ti Madams, Larry breaks in
here with it this Saturday morning. Glad to have you
tuned into this. Hope everybody's having a good start to

(12:24):
the weekend. Cats are on TV tonight seven forty five
down South Carolina Road game in the works. I think
pregames come on around five or so, doesn't it, Tim, Yes, sir, yep,
so stay tuned for that. They'll be right here on
the six thirty w LAP and good luck. They've been
prepping for a minute. Now, they play a couple of games,
and they got another game off, don't they. I'm not sure.

(12:46):
I elected the schedule, not two off. Along they get
another another one, so hopefully they're putting their tingue. Yeah,
the time to good use. So we're back in the
sec play and got our fingers crossed out once again.
We're six and three eight so on a thirty year
fix five eight seven five on a twenty and five
six two five on a fifteen that's for your standard
uh freddie mac deal that we have in here at

(13:07):
the bank. And if we do have five and three
eighths on a fifteen year, if you want to give
us a call and ask about that, it requires a
seven eighty credit score, twenty percent equity. You know, it's
a particular loan program. They're trying to find something, you know,
Like Tim said, it's equity infused promotion. There so little

(13:28):
opportunity for you to save some money if you fit the bills.
Twenty percent equity, seven eighty credit score, five and point
three seven five on a fifteen year fix. I think
the closing costs are nine hundred and forty eight bucks. Tim,
and that doesn't include escros. That's not a bad deal
at all. And then so many talked about a whole
lot on here. If you got a loan that you're
looking for something between a me and a mean and
a half, I think we're six and a half, you know,

(13:50):
on a on a thirty year fix with a seven
eighty credit score before the loans between a mean and
a mean and a half and with twenty percent equity.
So if you're out here, listen, and you're in that
upper reshalon of value in this area and you want
to give us a call, we've got some competitive rates.
In my opinion, closing costs are completely different. It's a
whole different animal because of the size of the loan.

(14:11):
That's why they're called jumbo. But you know, if there's
something that we could help you with, at least give
us a call. And like we said, we like where
you get two or three quotes anyway, So you know,
we want everybody to be treated fairly and safe. And
somebody's got a better deal, so be it. But you know,
I think we need to throw our hat and your
ena on that. Tim. I don't think it's a bad
deal at all. It is not, And uh. You know,
in the past, Larry, jumbos have been priced a little

(14:34):
higher than a single family that's below well, I don't
know what the Freddie mac max right now is a
six hundred and eighty thousand dollars loan. I think no, No,
it's an eight oh sixty five that's right at six yes,
not six o eight, but eight o six five hundred
for one family dwelling, and you'll be up jumbo rates
a little bit. There's an eighth of a point difference,

(14:55):
you know, with twenty percent equity to the you know
to get it. So, if you're in that ice range
and you want to give us a call eighty five
nine eight nine nine one nine three six, we can
get some information from you, put a quote together and
see what we can nail down and protect you with. So,
but I know between one and one and a half million,
eighty percent one on the value primary residents seven eighty
credit score six and a half percent, So that over

(15:18):
anything over eight sixty five eight hundred and sixty thousand,
five hundred, it goes into a jumbo with US eight
hundred and six thousand, five hundred eight six five hundred
eight well six five hundred. Yeah, he blames on a
Jumbo in a while. Well, we we kicked around here,
you know, they kind of guardian, didn't, you know, promote
them for a long time, and then they finally got

(15:40):
back in the market with them, and and you know,
looking at some of these rates, they're fairly competitive. Like
I said, the closing costs are completely different, but they're not.
They're still gonna be guardian, you know, is gonna be
fair on the closing costs. I don't care where you go,
where you look, or whatever. We're gonna follow the guidelines
and do what we're supposed to do. But it's you know,
we're not gonna We're not gonna kill anybody on them.
I mean, Tim, you and Iie seen crazy closing cost

(16:01):
scenarios out here where people are get that no out
of pocket, you don't pay thirteen thousand dollars in closing
costs something crazy. And I've seen some crazy ones that
you see from these people online. And you can deal
with somebody local, be local, buy local, and stay local.
And that's what we want to guard you because we're
going to service these conventional loans. This Jumbo alone, I
don't I don't know how they're doing that yet. I
think it's a service release premium, but still it's a

(16:24):
great product, absolutely, And I'll see some home sales here
in Lexington. There's a lot of high end homes build
on the market and being sold. We'd love for you
to give us a call eight five nine eight nine
nine nine three six. We'll be able to talk to
you about it. But six and a half percent between
a million and a million and a half and if
you're gonna buy or whatever, roll something over, we'd love
to talk to you about it. So keep that in mind.

(16:46):
When we get back, Tim's gonna give us these projections
on the games and night we're gonna take another break,
South Carolina, UK seven forty five on the radio here
pre Games of five, So we're gonna take another break.
You are listening to Walk the Home Show by Guardian
Savies Bank on News Radio sixty thirty right here on
w LAV We'll be right bame back. Listen to Welcome
the whole show about Guardian Savings Bank, very freaks. Ten

(17:06):
Adams in here with you this Saturday morning. We're glad
to Abby tuned into us. Hope you're getting everything done.
You got to in this crazy week we've had, UH
had a little bit of weather changes and all kinds
of different stuff and getting ready to get the Halloween
season started, Tim and fall setting in on us. Crazy stuff.
But the bank's open to day from nine to one.

(17:26):
So numbers eight five nine, eight nine six South and
drives eight five nine two six three three three three five.
So if you can hear as you can call us.
It's a lot of people, you know. Yeah, we got
an hour long sellathon here generally on mortgage rates. We
had Katrina South on here last couple of weeks, Tim
talking about tax free setups for retirement funding and so
on and so forth, and had some different investment strategies

(17:48):
and talking about people getting into the UH retirement mode
and making sure they've got their finances in line before
they make that you know, that final receive that final paycheck,
and UH we always I encourage people to give us
a call, let us take a look and see what's
going on, if there's anything that we can do prior
to this retirement phase. Because Tim, how many people if

(18:08):
we had come over the years after they get into
the retirement phase and that change and income tows them
for a loop yep, and we know there's you know,
millions of people Baby Bommers specifically are retiring every day.
And what was it she was talking about last night?
How many workers are they out here in the workforce
for everybody retiring? Was it we talked about that last

(18:30):
week and I've been somebody else asked me that they'd
heard part of the conversation you couldn't remember, and I
was like, it started off with like thirteen to one,
and they picked sixty five because people's average lifespan was
sixty six at the time. There was some interesting information
in everybody I can't remember. How many workers are out
here putting money in from their paycheck for Social Security?
And why they called entitlement. I mean they'd taken it

(18:51):
from us. Do we not get it back? Or I
don't know. I'm not going to get into either three
or four workers are paying in to pay out one
baby bow, I say three or four? I thought was more,
but you know, to pay me. Yeah, what do you
saying I'm getting self security? Oh? Panky, Well you deserve me.

(19:11):
I took the money, baby took it around. Yeah, but
what do you think about the day to night? Well,
you know, we have to be optimistic that uh, they
took the week by a week off and you would
hope that they can iron out some of the issues,
uh and be better at execution. And that's been one
of our big issues all year, is executing, Larry. You

(19:33):
can draw it up on the board, but unless you
can put it into action and put points on the board,
the board does you no good. So we've had some
quarterback issues and we I think we've settled on one now,
you know, Bowlie and uh, you know, wishing the best
and hopefully he's taking this time to you know, to

(19:54):
continue to learn this offensive strategy. Yeah. Well, I mean
they're you know, there are a bunch of kids out
here trying to get it together and get it going on.
The SEC is a very very tough place to play,
and uh, you know, it's just just where all the
talent comes to it and they're part of it. So,
I don't know, hopefully the clock management part of it
to get a little bit better. We've always questioned that

(20:14):
a few times when you know, at the towards the
end of the game or the end of the quarter
half and hopefully that'll get a little bit better as well.
And you know, Mainly all these kids just enjoy their
college careers and be able to get out here and
have some fun. And if we can win some games
and get to a Bowl game, so be it. You know.
I like for them to be competitive because it's awful
expensive and costs a lot of money to go. People

(20:35):
want to get what they're paying for, you know what
I'm saying. Yeah, well I got to go. The last
Bowl game was down in Charlotte. Oh gosh, I cain't
thinking of that. We won on a pass we had
passed all year and we beat Virginia Tech down Charlotte
at the belt Bow right in front of you had
seats trapped there that and right in front of it. Then, Yeah,
I had really good seats. And it's just something we
decided to go out all out on there. We stayed

(20:57):
to kick the hotel there and doubt down Charlotte. It
was all and I was in the lobby so much
that one of the UK fans said, Pinky, do you
even have a room here? It was a good atmosphere.
I did have a room, and uh, of course I
at the time, you know, it was me and my
family and the two kids, and so of course I'm

(21:18):
down to the lobby to kind of every now and
then to just get out of the you know, the
chaos of our room. Uh. It was kind of funny
because I spent a lot of time in the lobby obviously,
because some people questioned whether I was even staying there. Yeah,
you know, I've seen you. I've seen you. I've seen
you in action before and and a lot of people,

(21:39):
you know, when when we're outside and autographs the same thing,
they're like, are you guys always here? Yeah? Right, So
we just try to get out and enjoy and support
a good time. No, I just love to relative in
that atmosphere when when we do, when UK goes on
the road, Big Blue Nations in full force, and it's
fun to you know, with your fellow fan. Yeah, we're

(22:01):
got to get Woody on the show here before long
again thinking I just thought about that for a second.
He need to get him on. I've got a few
more guests to have out there here. I think our
contract one this radio show is going to come up
again in October. I don't know if they're going to
renew it again. We enjoyed doing the radio show. Steve
working with us and everything By the way, Steve, we
had a realer Community Housing Foundation last week. Look at
Geen and Titanics player. I thought you guys sounded great. Man.

(22:23):
You guys did a good job and appreciate that. We
had a good fundraiser down to Kerry cause, Tim, you
and I have worked on it. But the Realer Community
Housing Foundation, why doon't you tell these people some of
what goes on with that and how it works well.
The Realtor Community Housing Foundation is the philanthropic endeavor of
the Bluegrass Association of Realtors, and that's their your go to,

(22:45):
you know, where you get your edge of continuing ad
it as all goes through Bluegrass, and so they have
sponsored the Realtor Community Housing Foundation, which at no calls
to the homeowner's wheelchair rent accessibility into the home. And
so that is a big deal because if you can

(23:08):
see when someone gets their wheelchair ramp and they're able
to go out of their home without any assistance, get
the mail, possibly go next door and talk to their neighbor,
it's just a great glimpse of freedom for anybody with
a disability that is confined to a wheelchair. And we
want to help these people. So if you do have
that need or see the need in your community. That's

(23:29):
r c HF, the Realtorcommunity Housing Foundation dot org. R
HF dot org. There's an application online. Just simply fill
it out sending the required documentation and you very well
could qualify for our wheelchair rent program. Yeah, and it's

(23:49):
what they do. The fundraiser once a year. And you know,
we had it. Like I said last third, I appreciate
everybody that came out and supported it, and you know,
we did a good job with it. The money is
one percent of it's going to be spent in some
capacity to help others, you know, other than the expense
of having the show and the gala and all this stuff.
But now to day, Boogie ge the Titanics played down

(24:11):
at George and Dan oh and Steve O. Sounded great
and everybody's kind of it's on a Thursday night, people,
how can they do it on a Thursday. Well, this
time of year on Fridays, you got high school football,
you got college. It will be a lot of people,
you know, with different stuff going on with The carry
House is a nice place and it's in a great venue.
But I just want to say thank you everybody to participated,
came out and showed out and you can look at

(24:32):
Tops Blaxington you'll see some pictures in that from the
from the event and it was a good time. Tim.
You had your anniversary that night on the eighteenth. What
was it that you wound up getting into. You know,
in years past we've gone to Tony's or a nice steakhouse,
and this year we kind of scaled it back, stayed
in the neighborhood. Total one of my favorite places and

(24:52):
that's Ted's Montana Grill. There's a plug for Ted's because
I love the buffalo burger and the buffalo. She had
the buffalo play. Actually, so we liked Ted's. We love
what Ted is represented to Americans and reintroducing really the
buffalo back into existence as it was almost on the

(25:13):
brink of extinctions. That being said, we did go over
there and they've got the little private boosts and so
we we had a kind of a laid back this
real night eating people. You know, it's still right down
in the ecoming team. It's a tough place for people
to you know, feel like they can donate and do
different things, you know, so but to turn out stuff
that we had, we'll do it again next year. Well,

(25:34):
I mean, if you want to give money, we've got
and we've got another great facility out on Paris probably
called the Bob Brown House, and yeah, it's also serving
the needs of disabilities and sole housing. Yeah, well you
get to go. I know you were out on your
anniversary and I know you guys were going to get
into something and I know you talked about maybe going

(25:56):
to the Merrick or or whatever. But the gratulations and
we missed it, but it was a good time. I
had to bring it up. We had a good turnout
and we just appreciate everybody that participates in them. Well
that's just us being a community bank, and we long
ago we we looked for need in the community and
that we felt like we wanted to go in the

(26:17):
direction of a affordable housing. It was our top initiative.
But then, uh, you know, the wheelchair rent program came
along and gosh, you know, what better way to serve
the community than offering that to the you know, to
that part of our society and that's people with disabilities.
So uh, but we also, uh, the Rescue Mission we

(26:41):
have been involved with and it's a great resource center
for homelessness, and uh, I actually stopped and talked to
a homeless person that was out on the street per se.
It turns out he was a VET. I gave him.
I called rescue mission and we went down there and
they eventually they have they found him some housing which

(27:03):
he did not have, and he was able to explore
his VA benefits through the rescue mission. So without these resources,
we can't turn homelessness around unless the homeless population know
where to find help. There's help out there if you
know how to navigate the system right, And that's what
we try to do. We talk about on the show.

(27:24):
We do our PSAs and so on and so forth.
And you know a lot of people, you know, the
realtors in this community do a lot for the community
and people don't realize that they got in where they
negotiate all these fees and all these different things. And
you know these relators, you know, they work their butts
off and they do a lot of stuff in the
community that is behind the scenes that people don't know about.

(27:44):
And they don't do it for the flash and dash.
They do it because they care. You know, they live
here just like us, be here, by here and stay here.
You know, do business with us. I mean, that's what
we're about, and that's what we want to have happen,
and we want to be a part of the community,
continue to be a part of it. And these realtors
are top shelf man even during the in financial crisis.
I mean we value of properties. People have common sense,

(28:06):
you know, they've got great leadership over there in great services.
But it was a great venue. I'm sorry you miss up.
I'm glad you enjoyed your your anniversary and we'll get
We'll try to again next year and see what happens.
But we're gona take another break. We'll have our final
session here in just a second banks Over day from
nine to one on numbers eight five, nine, eight, nine, nine, one, nine, three, six,
six and three eights on a thirty or six five,

(28:27):
six two five on a fifteen and five eight seven
five on a twenty. But now, if you got a
seven eighty credit score, twenty percent equity, we can do
you five and three eighths. So just give us a call.
See how that goes. Eight five, nine, eight, nine, nine,
one nine three six. You listen what I won't show
about Guardian Savings Bank on news radio take thirty w
lap We'll be right back. Your back list is a

(28:49):
Welcome Home show by Guardian. Savings Bank. You're on News
Radio six Saturday tim and Larry Freke's coming at you
this Saturday morning. Banks open to day from nine to
one on numbers eight five, nine, eight, nine nine and
one to nine three six. If you can hear, you
can call us. We'd be glad to talk to you
about any of your mortgage needs whatsoever. We got VA
FHA KHC fifteen year, twenty year, thirty year fixed. We've

(29:11):
got USDA loans him. We've got a little bit of everything.
I think that the Kentucky Housing corporations increase their down
payment assistance down from tenenty twelve fifty twelve thousand, five hundred,
I should say for borrower repaid at four point seventy
five or fifteen years if you if you want to,
if you can use a little bit of assistance, it
is can come limits supply and it's you know, one

(29:32):
of those programs ten. But hey Guardian, we've got some
creative financing scenarios that we can offer people. If you
give us a call eight five, nine, eight nine, nine
one nine three six and you know, the lower these
rates go, and they're not bad, they're not as good
as they have been. They're right, probably not as high
as I've ever paid ten you either in our lifetime.
But you know it's the lower they go, the more

(29:54):
competition you're going to have in mine. We do have
bridge loans or blanket loans, whatever you want to call those.
Those are creative way of creating some financing ability of
making an offer on the house. If you don't want
to sell first, then there's a lot of people out
here really need to consider that, Tim, you know, I mean,
you're just taking an advance on the equity you have
before you really sell your home. And some of these
realtors Jim Luderum, some of them, they won't lift your

(30:17):
house until you have something else picked out because it's
kind of a crazy, crazy world out here in real
estate market, you know. But a bridge loan could come
in handy to him. Yes, it gives you the luxury
of having plenty of time to get out of your
current home without having to take any Usually, if if

(30:37):
your cards fall right and you've got enough equity, we
can go buy the other house outright, so you hadn't
had to get an equity line or use any of
your cash to close, and gives you the luxury of
when you can get in the contract for your new
home with no contingencies, have the time you need to
get out of your house, get on the market, and
then you come in. And once you sell, the first

(30:59):
thing you do is to recast, and then we'll recast
a note based on your principal reduction, and then you'll
have At that time, he may want to go ahead reefinands,
which incorporates a refinance in essence, because you're you're refinancing
your loan at a fixed rate and at a new
loan ballance. Yeah. One of the biggest loans I've ever
done to bank tim was a bridge loan. And the

(31:20):
guy had enough equity that, uh, you know, he took
he bought his new house, had his old house. He
had enough equity, He had some cash to fix everything
he wanted on the house. He bought, and he did that.
Then he moved in. So then he moved out of
his old house. Then he goes in, he's got some money,
updates everything, knows exactly what he wants to do, what
he needs to do, so he can maximize the sale

(31:41):
on it, and uh, you know, in the meantime he's
got one payment on both. He sells his old residence,
comes in, pays us almost off, you know, because he'd
had enough factity to do all those things. And then
the values at the time of the refinance where what
they are, So you know, it's a great loan to
take him too consider a. So I wanted to throw
that out there, and we do a lot of them.

(32:03):
We do a good job of construction loans. We do
a good job of and be able to help you
with that if that's what you want to do. Tim
This weekend, you know, were Patching Pub. They're getting ready
to have a grand reopening over There's gonna be some
good artists out there all day to day. So stop
over and see them and see what's going on. They'll
have the game on later on tonight. Goldie's Pub and

(32:23):
Delhi out there in Georgetown's up there and see them.
Golden's there there. They got some good food and stuff
on a daily basis. Are fun. They got some good stuff.
David Ball's coming out there a week from Saturday. Country
artists and I guess Jay Side is going to come
after and hang out with them a little bit panky.
There you go. Well, there's never a short of live
entertainment in Lexington. I'll tell you get out and see
get out to Austin City. Two fisted willies, check them

(32:46):
places out, cocktails, a lot of good places around town.
So live music at Austin City. And I know that
you had Josh Bolguard to you're here today on our
Ins and Outs. He's uh, he's gonna be playing over
at Patching later on this afternoon, so check him out
if you get a chance. But you can find him
on Spotify and other places. Guy out of Louisville, Josh Bogar.
But that's who's been playing our music today on the

(33:06):
radio show. So anyway, have a great rest of the weekend.
We appreciate you turning into US Banks over today from
nine to one. Phone numbers eight five, nine eighty nine,
nine one, nine, three sixty. So I've been listen to
the radio, so I'm gonna talk to Tim or Larry.
We'll find you. So have a great weekend. Go cats
for Tim Adams. I'm Larry Franks. You've been listening Welcome
Home Show on News Radio six thirty w LAP. No

(33:27):
Cats