WEBVTT 1 00:00:00.400 --> 00:00:05.080 You're listening to the John and Heidi Show Bonus Hour. If you miss any 2 00:00:05.080 --> 00:00:09.359 of the program, you can find a podcast at the bottom of the page 3 00:00:09.400 --> 00:00:13.880 at Johnny Radio dot com. It's the John and Heidi Show Bonus Hour. 4 00:00:13.960 --> 00:00:17.239 On a Monday, Hey, gorgeous, you're in here. Usually at this 5 00:00:17.280 --> 00:00:20.679 time, Heidi leaves the room and she goes out and like pets her dog, 6 00:00:20.719 --> 00:00:24.559 and she refills the coffee and does anything she can possibly do to ignore 7 00:00:24.600 --> 00:00:28.800 me. She's like, I need a break from you. I just wanted 8 00:00:28.800 --> 00:00:34.280 to say we're number one. We're number one. Sue Falls is number one 9 00:00:34.399 --> 00:00:37.079 on this list. It's actually the bottom of the list, but it's a 10 00:00:37.079 --> 00:00:41.679 good thing. Twenty twenty two is most expensive metro areas for renters. The 11 00:00:41.759 --> 00:00:46.039 list came out and we were dead last, which means we're, you know, 12 00:00:46.119 --> 00:00:50.920 the most affordable place for renters. This is from a company called lawn 13 00:00:51.200 --> 00:00:54.560 Love. Heidi loves that they send this to me and that I read them. 14 00:00:54.759 --> 00:00:57.479 She's like, what does that even mean? I have no idea, 15 00:00:57.679 --> 00:01:00.960 but they send me stuff like this all the time. And two Falls quite 16 00:01:00.960 --> 00:01:04.280 often is on the positive end of the scale for these things. Not always, 17 00:01:04.319 --> 00:01:07.280 but quite often. So who do you think is the most expensive place 18 00:01:07.519 --> 00:01:11.719 if as far as rent goes, which which community? I would a community 19 00:01:11.760 --> 00:01:18.400 here like a community where it's the most expensive place to rent a house Belair, 20 00:01:18.760 --> 00:01:23.879 No New York or Newark or Jersey City, that area, that metro 21 00:01:23.959 --> 00:01:29.040 area. Second most expensive Miami, Fort lauderdel Popino Beach, Oxnard, Thousand 22 00:01:29.040 --> 00:01:33.239 Oaks in Ventura, California, San Diego, Chula Vista and Carlsbad. Number 23 00:01:33.280 --> 00:01:38.159 five is urban Honolulu, number six, Los Angeles, Long Beach and Anaheim, 24 00:01:38.239 --> 00:01:42.359 seven, Napa Valley, eight, Naples and Marco Island, and nine 25 00:01:42.400 --> 00:01:49.439 Washington, Arlington, Alexandria and tan Bridgeford, Stanford and Norwalk. So again, 26 00:01:49.519 --> 00:01:53.640 those are the most expensive places and the most expensive. Let's see if 27 00:01:53.640 --> 00:01:57.120 it says how much the rent is. I guess it doesn't say that on 28 00:01:57.200 --> 00:02:01.599 here. But the least expensive on the entire list in the entire country market 29 00:02:01.599 --> 00:02:06.519 one hundred and seventy two out of one hundred and seventy two Sioux Falls, 30 00:02:06.560 --> 00:02:08.680 South Dakota. Last year, by the way, we were one hundred and 31 00:02:08.680 --> 00:02:13.400 seventy one, So that means we got even more affordable than last year. 32 00:02:13.479 --> 00:02:17.039 Last year, Fayetteville, Springdale, Rogers, Arkansas was the most affordable place 33 00:02:17.439 --> 00:02:21.560 this year their number one sixty four. So I don't know what happened there. 34 00:02:22.400 --> 00:02:25.199 Boy, Wait, let us slip guys. Speaking of real estate, 35 00:02:25.240 --> 00:02:29.479 you know I'm gonna be speaking with in a moment. Who's Brent Baker? 36 00:02:29.919 --> 00:02:34.159 Yeah, our realtor. We love Brent. The home that we bought recently 37 00:02:34.240 --> 00:02:37.439 we bought through him. Our daughter sold her home, bought her home, 38 00:02:37.479 --> 00:02:40.199 all of that. Dan sold his home, bought his home all He's a 39 00:02:40.240 --> 00:02:43.599 good dude. If you're looking for a realtor and you want some help and 40 00:02:43.680 --> 00:02:46.719 some experience and a guy that'll just help you get it done right, Brent 41 00:02:46.800 --> 00:02:49.560 Baker. And again, like I said, we're gonna have him in the 42 00:02:49.560 --> 00:02:55.360 studio coming up in a bit. It's more important than ever to have a 43 00:02:55.400 --> 00:03:00.400 better credit card. At better credit cards dot Com, we offer a riety 44 00:03:00.400 --> 00:03:04.159 of credit card options to fit your needs. Whether you want a card to 45 00:03:04.199 --> 00:03:07.400 give you cash back or a credit card to help you build your credit, 46 00:03:07.560 --> 00:03:12.280 we probably have it ad Better credit Cards dot Com. That's Better credit Cards 47 00:03:12.439 --> 00:03:22.240 dot Com. Do yourself good. Thank you for listening to the John and 48 00:03:22.439 --> 00:03:25.360 Heidi Show Bonus Hour. It is a Monday and on mondays, I love 49 00:03:25.479 --> 00:03:29.800 too when I get a chance visit with this guy right here, Brent Baker 50 00:03:30.120 --> 00:03:32.400 with Clients First Group, and he was in last week and we were talking 51 00:03:32.680 --> 00:03:36.439 about a bunch of mortgage questions and we're going to pick up where we left 52 00:03:36.479 --> 00:03:38.240 off, and I've got my notes over here, and we're going to talk 53 00:03:38.240 --> 00:03:42.840 about the next thing on the list brand and this I've heard it both ways. 54 00:03:43.000 --> 00:03:46.719 Pre qualification and preapproval and are those kind of different things? Then a 55 00:03:46.759 --> 00:03:53.039 prequalification is almost like a verbal approval, and that's not a true picture. 56 00:03:54.240 --> 00:04:01.199 But prequalification is you haven't provided all of the proof that will learner needs to 57 00:04:01.240 --> 00:04:08.280 move forward. They're going to need certain items to establish that it's not just 58 00:04:08.360 --> 00:04:13.840 your word, but this is really what is your life has Nice And then 59 00:04:14.000 --> 00:04:16.439 when it's time to get a mortgage, you need some documents. You were 60 00:04:16.439 --> 00:04:19.399 talking about proof. What kind of stuff do you need in order to get 61 00:04:19.399 --> 00:04:24.560 a mortgage secured. We're going to need to provide some past dubs, usually 62 00:04:24.639 --> 00:04:30.199 to you know, to cover a month's worth of income, some tax returns, 63 00:04:30.199 --> 00:04:35.160 some W two's, and sometimes a few more documents depending on your individual 64 00:04:35.240 --> 00:04:39.560 scenario. Nice and what does the process look like when you're going to get 65 00:04:39.600 --> 00:04:43.040 a mortgage. It's not a scary process at all, especially for me. 66 00:04:43.079 --> 00:04:46.639 I just let Heidie do it all. I'm not too proud to say it. 67 00:04:47.480 --> 00:04:51.240 She did the homework. I just signed my name. Really, you 68 00:04:51.279 --> 00:04:58.240 can apply online For most people, sometimes your lifestyle is that's the way your 69 00:04:58.360 --> 00:05:03.160 life works. But in my experience working with a variety of different loan officers 70 00:05:03.199 --> 00:05:11.079 from different types of institutions, it's pretty simple because most things are online. 71 00:05:11.120 --> 00:05:15.120 You can find you get your poll, your tax return off, or scan 72 00:05:15.199 --> 00:05:18.480 it in one way or the other, your paced ups. It's all pretty 73 00:05:18.600 --> 00:05:25.199 easy. And then it can go to automatic underwriting or sometimes they have to 74 00:05:25.240 --> 00:05:30.639 do a manual, but they'll evaluate and tell you what you qualify for and 75 00:05:30.680 --> 00:05:33.279 you may feel that's more than you want to spend, or maybe you're a 76 00:05:33.279 --> 00:05:38.879 little disappointed. But they can also then guide you into what you need to 77 00:05:38.920 --> 00:05:43.600 do to raise your credit score if that's a part of the problem, or 78 00:05:43.720 --> 00:05:47.759 just to increase your affordability, what you need to pay off nice and what 79 00:05:47.879 --> 00:05:53.439 happens after I get approved for a mortgage, what's the next step? Well, 80 00:05:53.480 --> 00:05:59.120 assuming that you've now that you've gotten approved, and you've gone out chop 81 00:05:59.160 --> 00:06:04.800 for a home, negotiated that purchase contract. Then it's going to come down 82 00:06:04.839 --> 00:06:11.360 to the closing time after you've negotiated all your inspections and the appraisals come in 83 00:06:11.519 --> 00:06:17.360 and there's no deficiency there. Different states have different rules, but in South 84 00:06:17.439 --> 00:06:25.079 Dakota, once we have cleared all those contingencies, you will meet at the 85 00:06:25.120 --> 00:06:30.360 title company, sit out and sign your mortgage. You will sign off on 86 00:06:30.399 --> 00:06:35.240 a variety of documents their standard form. They're not going to change the form 87 00:06:35.319 --> 00:06:41.560 just for you, so don't panic if you need to read them, you're 88 00:06:41.600 --> 00:06:45.000 going to be there a while. Yeah, and I have sold houses to 89 00:06:45.120 --> 00:06:47.879 contract readers, so that is their profession. Yeah, they read them all. 90 00:06:48.199 --> 00:06:54.040 They glance at them pretty fast. But that's the dates that you actually 91 00:06:54.079 --> 00:06:57.439 sign in, the date that your mortgage is funded and you get the keys 92 00:06:58.120 --> 00:07:01.160 nice. What would you say is the most common mistake or the common mistakes 93 00:07:01.199 --> 00:07:06.759 to avoid when getting a mortgage. There's several of those. I always advise 94 00:07:06.839 --> 00:07:11.759 people to shop a own. I have lenders that I've known and trust, 95 00:07:11.959 --> 00:07:15.800 and there's lots of them out there, but you have to find one that 96 00:07:15.839 --> 00:07:19.240 one you feel is telling you the truth who is being upfront with you. 97 00:07:23.000 --> 00:07:27.319 But also you're shopping for rates and fees and do that. Some people will 98 00:07:27.319 --> 00:07:33.519 automatically think that online is the way to go. You're not saving any money. 99 00:07:34.439 --> 00:07:40.839 It might seem that way, but also just remember while the online lender 100 00:07:40.879 --> 00:07:46.680 will get it done, there's really not a lot of advantage there to doing 101 00:07:46.720 --> 00:07:54.040 that. Another thing is not really taking the time to educate yourself about the 102 00:07:54.120 --> 00:08:00.560 mortgage process and what you qualify for the various things that can come into play, 103 00:08:00.839 --> 00:08:05.079 like your down payment and closing costs. You need to know that closing 104 00:08:05.079 --> 00:08:09.920 costs are not a part of your down payment. Down payment is simply a 105 00:08:11.000 --> 00:08:15.199 reduction off of the price you have agreed to pay for a property. Closing 106 00:08:15.240 --> 00:08:20.720 costs have to do with your loan origination fee, your survey, your praisal, 107 00:08:22.240 --> 00:08:26.560 what the title company gets to process all of that and do the title 108 00:08:26.600 --> 00:08:31.199 search and meet with you to sign your papers. That's those are closing costs. 109 00:08:31.319 --> 00:08:37.679 Nice. Another thing is failing to lock in that rate. Some people 110 00:08:37.759 --> 00:08:41.480 think it's going to go down, keep going whatever. At some point you 111 00:08:41.519 --> 00:08:46.919 need to lock in that rate, and most bankers are pretty workable. Another 112 00:08:48.000 --> 00:08:52.679 partition that you should look at is this the right loan product for what I'm 113 00:08:52.720 --> 00:08:56.360 doing? Just because this is what mom and dad used or what your brother 114 00:08:56.519 --> 00:09:01.679 used. Everybody's scenario is different and things change over time, so make sure 115 00:09:01.679 --> 00:09:07.960 you're looking at the right product. Very good. Then, finally, don't 116 00:09:07.639 --> 00:09:13.720 buy things that are unnecessary. Stay within your typical budget. Don't get excited 117 00:09:13.879 --> 00:09:18.440 about buying furniture until you actually have the keys to the house that can make 118 00:09:18.440 --> 00:09:22.559 a big impact on things. Cannon, Oh, because now you've thrown off 119 00:09:22.559 --> 00:09:26.320 your debt income. Yeah, there are plenty of horror stories out there where 120 00:09:26.320 --> 00:09:33.559 people traded vehicles or made some major expenses and now they're no longer going to 121 00:09:33.639 --> 00:09:37.559 be closing on that sale because they were preapproved based on the other scenario. 122 00:09:37.639 --> 00:09:43.480 Correct. Well, if you are in the market to buy a home or 123 00:09:43.519 --> 00:09:46.120 in the market to sell a home, and if you'd like somebody to guide 124 00:09:46.120 --> 00:09:50.360 you through this process, I absolutely recommend Brent Baker and you can reach out 125 00:09:50.360 --> 00:09:52.159 to him. What's your number, Brent? The number is six zero five 126 00:09:52.600 --> 00:09:58.919 three, one zero zero two nine seven or email me Brent Baker at kte 127 00:10:00.120 --> 00:10:03.679 W dot com. Very nice. You can find him online as well through 128 00:10:03.679 --> 00:10:07.639 the website clients FirstGroup dot com. Did you know you can allocate a percentage 129 00:10:07.639 --> 00:10:11.679 of your IRA to physical gold and silver With a tax free rollover, you 130 00:10:11.720 --> 00:10:16.879 can put your IRA back on the gold standard. Genesis Gold IRA is the 131 00:10:16.000 --> 00:10:20.320 only IRA that can hold physical precious medals. Call now for your free Golden 132 00:10:20.360 --> 00:10:24.039 Silver report and learn how to qualify for up to ten thousand dollars in free 133 00:10:24.039 --> 00:10:28.120 silver Genesis goold ira dot com. But like to help protect your IRA today 134 00:10:28.159 --> 00:10:31.879 with a simple phone goal. Learn more and get the phone number at Genesis 135 00:10:31.879 --> 00:10:37.120 goold ira dot com. That's Genesis, goold ira dot com. This day 136 00:10:37.120 --> 00:10:41.279 in Sue Falls History is brought to you by the Sioux Falls Fund Page and 137 00:10:41.480 --> 00:10:45.000 Sunny ninety three point three. It was on this day, June nineteenth, 138 00:10:45.159 --> 00:10:50.039 nineteen sixty. John F. Kennedy and Richard Nixon were both in Sioux Falls 139 00:10:50.200 --> 00:10:54.639 on the same day giving speeches at the Sioux Falls Coliseum campaigning to become president. 140 00:10:54.919 --> 00:10:58.840 At the time, Richard Nixon was the vice president to Dwight David Eisenhower 141 00:10:58.840 --> 00:11:03.000 and John F. Kennedy was the junior senator from Massachusetts in the US Senate. 142 00:11:03.039 --> 00:11:07.879 But we know today that both would go down as giants in American politics. 143 00:11:07.080 --> 00:11:11.240 They were both invited by men running for South Dakota Senate, who would 144 00:11:11.240 --> 00:11:15.120 both go on to become giants in South Dakota and US history on their own 145 00:11:15.200 --> 00:11:18.720 right. The incumbent Republican Senator, Carl Munt, had held the job since 146 00:11:18.799 --> 00:11:22.080 nineteen forty eight, but was going up against a very worthy opponent, two 147 00:11:22.200 --> 00:11:26.240 term Congressman George McGovern. With local help, Munt use his political sway to 148 00:11:26.279 --> 00:11:28.879 bring the National American League Convention to Sue Fall South Dakota. As part of 149 00:11:28.879 --> 00:11:33.399 the festivities, he arranged for the Vice President to be the keynote speaker on 150 00:11:33.440 --> 00:11:37.360 Saturday evening of the event and of course make a good plug for month's reelection. 151 00:11:37.519 --> 00:11:41.200 Not to be outdone, Congressman McGovern went to work and got Senator John 152 00:11:41.279 --> 00:11:43.919 Kennedy on the lineup for Saturday morning, all to the benefit of Sioux Falls 153 00:11:43.960 --> 00:11:48.000 citizens. Nixon would go on to win the South Dakota election in a landslide, 154 00:11:48.000 --> 00:11:52.039 although Kennedy, of course won in the national election. However, the 155 00:11:52.080 --> 00:11:54.960 Senate race was much closer. Mount just barely hung on to his seat. 156 00:11:56.120 --> 00:11:58.320 McGovern would earn a seat in the Senate right next to Mount just two years 157 00:11:58.440 --> 00:12:03.000 later for the passing of Senator France's case. McGovern would serve three terms in 158 00:12:03.039 --> 00:12:09.080 the Senate before being nominated as a Democratic Party candidate for president in nineteen seventy 159 00:12:09.080 --> 00:12:11.919 two, only to lose to a familiar face, Richard Nixon. What a 160 00:12:11.919 --> 00:12:16.039 star studded list of American icons to gather right here in Sue Falls, all 161 00:12:16.080 --> 00:12:20.679 on the same day, This day in Sue Fall's History brought to you by 162 00:12:20.759 --> 00:12:24.720 Sue Falls, funpage dot Com and Sunny ninety three point three. How much 163 00:12:24.720 --> 00:12:28.279 do you pay for your cell phone every month? If that's more than fifteen 164 00:12:28.320 --> 00:12:31.679 bucks, it's time for a mintervention. Mintmobile makes it affordable and easy to 165 00:12:31.720 --> 00:12:35.240 switch get a new phone or bring a current one. Whether you're a fan 166 00:12:35.320 --> 00:12:41.200 of iPhones or Samsung, they both work well with Mintmobile. At mintervention dot 167 00:12:41.240 --> 00:12:45.799 com you can see the current special offers from Mintmobile, offering premium wireless for 168 00:12:45.879 --> 00:12:50.039 just fifteen dollars a month. That's far less than most people are paying just 169 00:12:50.200 --> 00:12:54.960 fifteen dollars a month. Learn more now at mintervention dot com. Here's your 170 00:12:54.960 --> 00:12:58.440 market being Minute four, Monday, June nineteenth, brought to you by Genesis 171 00:12:58.519 --> 00:13:01.720 Gooldira dot com. If the economy is weakening, somebody forgot to tell the 172 00:13:01.759 --> 00:13:05.879 cruise line industry. It appears that consumers can't get on a cruise ship fast 173 00:13:07.000 --> 00:13:11.399 enough. That's pushing shares of Carnival Corporation to a fifty two week high. 174 00:13:11.440 --> 00:13:13.120 There may be some choppy seas in the short term, but there is a 175 00:13:13.159 --> 00:13:18.399 strong long term outlook. Another recent theme is animal healthcare stocks. Pats have 176 00:13:18.519 --> 00:13:22.600 become big business and is a very investable opportunity. Of course, always do 177 00:13:22.679 --> 00:13:26.960 your due diligence and if you're looking for a quick win heading into summer, 178 00:13:26.120 --> 00:13:30.879 the staff at MarketBeat dot com offered up three large cap stocks that just got 179 00:13:30.960 --> 00:13:37.440 upgraded by analysts. The three are Adobe Incorporated, Allie's Bargain Outlet Holdings Incorporated, 180 00:13:37.639 --> 00:13:41.639 and Molson Coors Beverage Company. You can find more links to these stories 181 00:13:41.679 --> 00:13:46.000 at MarketBeat dot com, and you can get the inside track from Wall Street's 182 00:13:46.000 --> 00:13:54.039 brightest minds delivered directly to your inbox every day at MarketBeat minute dot com. 183 00:13:54.399 --> 00:13:58.320 Why did the Chicken cross the road to save money on insurance? At insurance 184 00:13:58.399 --> 00:14:01.720 chicken dot com. Do you have the best plan for you? Find out 185 00:14:01.720 --> 00:14:05.000 an insurance chicken dot com. Let's face it, we don't even want insurance. 186 00:14:05.159 --> 00:14:09.440 We need it, but you don't need to overpay. Head over to 187 00:14:09.519 --> 00:14:13.159 insurance chicken dot com to see your raids from several different companies, all available 188 00:14:13.159 --> 00:14:16.919 in one place at insurance chicken dot com. The other guys have a GETT, 189 00:14:18.279 --> 00:14:20.879 a duck, and an EMU. Why not a chicken insurance chicken dot 190 00:14:20.879 --> 00:14:24.480 com. That's insurance chicken dot com.