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 better credit card. At better credit cards dot Com, we offer a riety of credit card options to fit your needs. Whether you want a card to give you cash back or a credit card to help you build your credit, we probably have it ad Better credit Cards dot Com. That's Better credit Cards 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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with a simple phone goal. Learn more and get the phone number at Genesis goold ira dot com. That's Genesis, goold ira dot com. This day 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 Sue Falls, funpage dot Com and Sunny ninety three point three. How much
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