Welcome Home with Guardian Savings Bank 8-9-25

·38 min·3 clips

Guardian Savings Bank offers a 6.5% 30-year mortgage with closing costs starting at $948, challenging the need for a 1% rate drop to refinance.

The episode is a weekly radio show segment focused on mortgage lending and local banking services. Hosts Larry Frakes and Tim Adams open with current mortgage rates and a special offer: 6.5% on a 30-year fixed, 6% on a 20-year, and 5.75% on a 15-year, with closing costs as low as $948 for those with a 780 credit score and 25% equity. They repeatedly encourage listeners who purchased homes in the last three to four years at rates above 7% to refinance, emphasizing that low closing costs make it feasible without a 1% rate reduction. The hosts explain break-even analysis, noting that with $948 costs, savings can accrue within one to two months. They discuss market volatility, citing factors like bond market fluctuations and inaccuracies in Bureau of Labor Statistics job reports, which they say have skewed inflation data and delayed Fed rate cuts. A story is shared about a customer who directly called bank president Rick Burkhardt to resolve a loan issue, highlighting Guardian's customer service. The episode warns against 'no out-of-pocket' refinancing offers from online lenders, labeling hidden fees as 'doofus dollars' and contrasting them with Guardian's transparent pricing. Other topics include loan servicing, where Guardian retains control to prevent fraud, and advice for retirees to restructure debt before income changes. The hosts briefly touch on local music scenes and a t-shirt business venture, but the core content revolves around mortgage refinancing, economic insights, and promotional calls to action.

As heard by us

A mortgage-shopping discussion that puts rate, equity, and closing costs in plain view.

Larry Frakes and Tim Adams spend the hour on a mortgage question that often gets glossed over: what a rate really looks like once closing costs and home equity are folded in.

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Why you'd press play

If you are refinance-curious, this one puts the rate and closing-cost math in plain sight.

Read the full recommendation in PlayNext →

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