You're listening to the John and Heidi Show Bonus Hour. If you miss any
of the program, you can find a podcast at the bottom of the page
at Johnny Radio dot com. It's the John and Heidi Show Bonus Hour.
On a Monday, Hey, gorgeous, you're in here. Usually at this
time, Heidi leaves the room and she goes out and like pets her dog,
and she refills the coffee and does anything she can possibly do to ignore
me. She's like, I need a break from you. I just wanted
to say we're number one. We're number one. Sue Falls is number one
on this list. It's actually the bottom of the list, but it's a
good thing. Twenty twenty two is most expensive metro areas for renters. The
list came out and we were dead last, which means we're, you know,
the most affordable place for renters. This is from a company called lawn
Love. Heidi loves that they send this to me and that I read them.
She's like, what does that even mean? I have no idea,
but they send me stuff like this all the time. And two Falls quite
often is on the positive end of the scale for these things. Not always,
but quite often. So who do you think is the most expensive place
if as far as rent goes, which which community? I would a community
here like a community where it's the most expensive place to rent a house Belair,
No New York or Newark or Jersey City, that area, that metro
area. Second most expensive Miami, Fort lauderdel Popino Beach, Oxnard, Thousand
Oaks in Ventura, California, San Diego, Chula Vista and Carlsbad. Number
five is urban Honolulu, number six, Los Angeles, Long Beach and Anaheim,
seven, Napa Valley, eight, Naples and Marco Island, and nine
Washington, Arlington, Alexandria and tan Bridgeford, Stanford and Norwalk. So again,
those are the most expensive places and the most expensive. Let's see if
it says how much the rent is. I guess it doesn't say that on
here. But the least expensive on the entire list in the entire country market
one hundred and seventy two out of one hundred and seventy two Sioux Falls,
South Dakota. Last year, by the way, we were one hundred and
seventy one, So that means we got even more affordable than last year.
Last year, Fayetteville, Springdale, Rogers, Arkansas was the most affordable place
this year their number one sixty four. So I don't know what happened there.
Boy, Wait, let us slip guys. Speaking of real estate,
you know I'm gonna be speaking with in a moment. Who's Brent Baker?
Yeah, our realtor. We love Brent. The home that we bought recently
we bought through him. Our daughter sold her home, bought her home,
all of that. Dan sold his home, bought his home all He's a
good dude. If you're looking for a realtor and you want some help and
some experience and a guy that'll just help you get it done right, Brent
Baker. And again, like I said, we're gonna have him in the
studio coming up in a bit. It's more important than ever to have a
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dot Com. Do yourself good. Thank you for listening to the John and
Heidi Show Bonus Hour. It is a Monday and on mondays, I love
too when I get a chance visit with this guy right here, Brent Baker
with Clients First Group, and he was in last week and we were talking
about a bunch of mortgage questions and we're going to pick up where we left
off, and I've got my notes over here, and we're going to talk
about the next thing on the list brand and this I've heard it both ways.
Pre qualification and preapproval and are those kind of different things? Then a
prequalification is almost like a verbal approval, and that's not a true picture.
But prequalification is you haven't provided all of the proof that will learner needs to
move forward. They're going to need certain items to establish that it's not just
your word, but this is really what is your life has Nice And then
when it's time to get a mortgage, you need some documents. You were
talking about proof. What kind of stuff do you need in order to get
a mortgage secured. We're going to need to provide some past dubs, usually
to you know, to cover a month's worth of income, some tax returns,
some W two's, and sometimes a few more documents depending on your individual
scenario. Nice and what does the process look like when you're going to get
a mortgage. It's not a scary process at all, especially for me.
I just let Heidie do it all. I'm not too proud to say it.
She did the homework. I just signed my name. Really, you
can apply online For most people, sometimes your lifestyle is that's the way your
life works. But in my experience working with a variety of different loan officers
from different types of institutions, it's pretty simple because most things are online.
You can find you get your poll, your tax return off, or scan
it in one way or the other, your paced ups. It's all pretty
easy. And then it can go to automatic underwriting or sometimes they have to
do a manual, but they'll evaluate and tell you what you qualify for and
you may feel that's more than you want to spend, or maybe you're a
little disappointed. But they can also then guide you into what you need to
do to raise your credit score if that's a part of the problem, or
just to increase your affordability, what you need to pay off nice and what
happens after I get approved for a mortgage, what's the next step? Well,
assuming that you've now that you've gotten approved, and you've gone out chop
for a home, negotiated that purchase contract. Then it's going to come down
to the closing time after you've negotiated all your inspections and the appraisals come in
and there's no deficiency there. Different states have different rules, but in South
Dakota, once we have cleared all those contingencies, you will meet at the
title company, sit out and sign your mortgage. You will sign off on
a variety of documents their standard form. They're not going to change the form
just for you, so don't panic if you need to read them, you're
going to be there a while. Yeah, and I have sold houses to
contract readers, so that is their profession. Yeah, they read them all.
They glance at them pretty fast. But that's the dates that you actually
sign in, the date that your mortgage is funded and you get the keys
nice. What would you say is the most common mistake or the common mistakes
to avoid when getting a mortgage. There's several of those. I always advise
people to shop a own. I have lenders that I've known and trust,
and there's lots of them out there, but you have to find one that
one you feel is telling you the truth who is being upfront with you.
But also you're shopping for rates and fees and do that. Some people will
automatically think that online is the way to go. You're not saving any money.
It might seem that way, but also just remember while the online lender
will get it done, there's really not a lot of advantage there to doing
that. Another thing is not really taking the time to educate yourself about the
mortgage process and what you qualify for the various things that can come into play,
like your down payment and closing costs. You need to know that closing
costs are not a part of your down payment. Down payment is simply a
reduction off of the price you have agreed to pay for a property. Closing
costs have to do with your loan origination fee, your survey, your praisal,
what the title company gets to process all of that and do the title
search and meet with you to sign your papers. That's those are closing costs.
Nice. Another thing is failing to lock in that rate. Some people
think it's going to go down, keep going whatever. At some point you
need to lock in that rate, and most bankers are pretty workable. Another
partition that you should look at is this the right loan product for what I'm
doing? Just because this is what mom and dad used or what your brother
used. Everybody's scenario is different and things change over time, so make sure
you're looking at the right product. Very good. Then, finally, don't
buy things that are unnecessary. Stay within your typical budget. Don't get excited
about buying furniture until you actually have the keys to the house that can make
a big impact on things. Cannon, Oh, because now you've thrown off
your debt income. Yeah, there are plenty of horror stories out there where
people traded vehicles or made some major expenses and now they're no longer going to
be closing on that sale because they were preapproved based on the other scenario.
Correct. Well, if you are in the market to buy a home or
in the market to sell a home, and if you'd like somebody to guide
you through this process, I absolutely recommend Brent Baker and you can reach out
to him. What's your number, Brent? The number is six zero five
three, one zero zero two nine seven or email me Brent Baker at kte
W dot com. Very nice. You can find him online as well through
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in Sue Falls History is brought to you by the Sioux Falls Fund Page and
Sunny ninety three point three. It was on this day, June nineteenth,
nineteen sixty. John F. Kennedy and Richard Nixon were both in Sioux Falls
on the same day giving speeches at the Sioux Falls Coliseum campaigning to become president.
At the time, Richard Nixon was the vice president to Dwight David Eisenhower
and John F. Kennedy was the junior senator from Massachusetts in the US Senate.
But we know today that both would go down as giants in American politics.
They were both invited by men running for South Dakota Senate, who would
both go on to become giants in South Dakota and US history on their own
right. The incumbent Republican Senator, Carl Munt, had held the job since
nineteen forty eight, but was going up against a very worthy opponent, two
term Congressman George McGovern. With local help, Munt use his political sway to
bring the National American League Convention to Sue Fall South Dakota. As part of
the festivities, he arranged for the Vice President to be the keynote speaker on
Saturday evening of the event and of course make a good plug for month's reelection.
Not to be outdone, Congressman McGovern went to work and got Senator John
Kennedy on the lineup for Saturday morning, all to the benefit of Sioux Falls
citizens. Nixon would go on to win the South Dakota election in a landslide,
although Kennedy, of course won in the national election. However, the
Senate race was much closer. Mount just barely hung on to his seat.
McGovern would earn a seat in the Senate right next to Mount just two years
later for the passing of Senator France's case. McGovern would serve three terms in
the Senate before being nominated as a Democratic Party candidate for president in nineteen seventy
two, only to lose to a familiar face, Richard Nixon. What a
star studded list of American icons to gather right here in Sue Falls, all
on the same day, This day in Sue Fall's History brought to you by
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market being Minute four, Monday, June nineteenth, brought to you by Genesis
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