Shows
Smart Mortgage Show with Bill LittonHow to Make Your Offer as Strong as PossibleEven as the real estate market begins to shift, homes in southeastern Pennsylvania remain fiercely competitive. If you’re looking to buy, it’s not enough to make a good offer, it needs to be strong. In this episode, Bill shares proven strategies to help your offer rise above the rest. From getting fully underwritten before making an offer to leveraging a $10,000 seller guarantee, these tips give buyers an edge, without added cost or risk. Here’s what we discuss in this episode: 📄 The one document that speaks louder than pre-approval 💰 What the $10,000 closing guar...2025-06-2612 minSmart Mortgage Show with Bill LittonDoes a Larger Down Payment Lower Your Mortgage Rate?Every homebuyer is looking for ways to get the lowest rate possible on their mortgage, but how much does your down payment impact that number? Today we’ll tell you whether a large down payment will benefit you and explain why the down payment amount might mean more for those with lower credit scores. Here’s what we discuss in this episode: 💸 Why a Bigger Down Payment Doesn’t Always Mean a Better Rate 📉 When Credit Score Matters More Than Cash 🏚️ The Risk of Putting Too Much Money into the House ✨ How Sma...2025-06-1908 minSmart Mortgage Show with Bill LittonJune Update: Where Mortgage Rates May Be Headed NextMortgage markets may not grab headlines, but for buyers, sellers, and homeowners alike, the shifts happening now could mean big financial decisions in the coming months. Interest rates have stayed stubbornly high, but that might be about to change. In this milestone 100th episode, Bill breaks down the latest data, including surprising job numbers and inflation trends, to explain what could be coming for rates, inventory, and buyer leverage. Here’s what we discuss in this episode: 📉 Why mortgage rates may finally drop 📊 The economic indicator that shocked analysts in June 🧾 Our $10k gu...2025-06-1211 minSmart Mortgage Show with Bill LittonIntroducing a New Closing Guarantee to Make Your Home Offer StrongerIn today’s competitive housing market, buyers need every edge they can get, and we’re excited to introduce a new program that we believe is a no-brainer. To help us explain how it all works, we’re excited to welcome on realtor Lorna Kozlowski of RE/MAX Town & Country to unveil a new $10,000 Closing Guarantee. You’ll hear how this guarantee works, how it differs from a standard pre-approval, and why it can make your offer stand out, even stronger than cash in some cases. Here’s what we discuss in this episode: 🧾 How the $10,000 C...2025-06-0522 minSmart Mortgage Show with Bill LittonHow Quickly Can I Get Pre-Approved for a Mortgage?You’ve found your dream house, the one you’ve been hoping for. But there’s one problem: you’re not pre-approved. In a market where homes can go under contract in hours, hesitation can cost you everything. Many buyers assume they can get pre-approved on the fly, but is that realistic? Bill breaks it all down and shares how you can be ready to make the big leap when the time comes. Here’s what we discuss in this episode: 🏠 What happens if you find the house before you're pre-approved 📄 The real difference betwe...2025-05-2908 minSmart Mortgage Show with Bill LittonHow Much Do You Need to Make to Buy a Home in Pennsylvania?Is owning a home still possible for the average family or has it become out of reach? For parents trying to raise kids, build stability, and plan for the future, understanding what it really takes to buy a home is more important than ever. In this episode, we’ll look at new research from Realtor.com showing how much a family of four in Pennsylvania needs to earn to afford a home in today’s market, and that number might not be what you think. Here’s what we discuss in this episode: 📉 Pennsylvania's affordability compared...2025-05-2208 minSmart Mortgage Show with Bill LittonPA Cities Where Home Prices Are Rising the MostHome values across the country have been on the rise for the past five years, and Pennsylvania has been outperforming the national average. Today we’re going to dive into eye-opening data on 50 towns across the state, revealing just how much home values have climbed in recent years. Here’s what we discuss in this episode: 🏡 Rent vs. buy: why ownership still wins 📈 40–60% appreciation in just 5 years? ⏳ Why timing the market may cost you Stacker Article: https://stacker.com/stories/pennsylvania/cities-fastest-growing-home-prices-pennsylvania CONTACT: Schedule...2025-05-1511 minSmart Mortgage Show with Bill LittonMay Mortgage Update: Applications Rising & Fed Holding SteadyWith Fed decisions, mortgage rate fluctuations, and rising buyer interest, May is already shaping up to be a dynamic month. In this month’s market update, Bill shares the latest market trends, including the Fed’s decision to hold rates steady and how mortgage applications continue to rise year over year, even amid economic uncertainty. Here’s what we discuss in this episode: 🏦 Fed holds rates steady — what that means for buyers 📈 Mortgage applications rise despite uncertainty 🏡 Why some are ready to trade 3% rates for lifestyle upgrades 📉 Is a refinancing window coming soon? 🧠 What...2025-05-0809 minSmart Mortgage Show with Bill LittonHow Much Do You Really Need to Put Down On a House?Traditionally, homebuyers have targeted 20% as the ideal down payment but does that still hold true today? We meet with people all the time who want to know how much they need to put down on a home, so let’s look at the current trends nationally and talk about what percentage might be best for you. Here’s what we discuss in this episode: 📉 Why 68% of our clients are putting less than 20% down 💡 The real deal with PMI (and why it’s not always bad) 🏠 Local down payment trends in Philly vs. high-cost ci...2025-04-2412 minSmart Mortgage Show with Bill LittonShould I Buy a Home During a Divorce?Going through a divorce is incredibly emotional and it brings a lot of uncertainty, especially around housing. Trying to figure out what to do next about where to live is stressful. So what do you need to know if you’re trying to buy a home during or after a divorce? This is a highly sensitive time and we want to help you avoid the common pitfalls and financial surprises that can come with this transition. Here’s what we discuss in this episode: ⚖️ Legal risks of buying a home before your divorce is final ...2025-04-1709 minSmart Mortgage Show with Bill LittonMost Common Mistakes People Make When Refinancing a HomeWith interest rates fluctuating, many homeowners are considering refinancing, but it’s essential to approach this decision with caution. People often ask us about what they need to know so they can avoid making any mistakes during the process. From paying unnecessary points to chasing misleading online rate quotes, Bill walks through real-life examples and highlights the importance of doing the math before making a move. We’ll explain why it’s critical to understand the full cost-benefit picture and emphasize how working with a knowledgeable, transparent lender can make or break your experience. Here’s what w...2025-04-1012 minSmart Mortgage Show with Bill LittonHow Tariffs Are Shaping Mortgage Rates This AprilIt’s time for a much-needed update on the mortgage market for April 2025. With ongoing uncertainties driven by tariffs, inflation, and market volatility, we’ll explain how these factors are impacting mortgage rates and what potential homebuyers and homeowners need to know. Here’s what we discuss in this episode: 🏡 Increased Inventory: More homes on the market this spring 💸 Tariff Impact: Potential price increases in construction and materials 🛠️ Creative Financing: Temporary buy-downs and ARMs to manage costs 📆 Looking Ahead: Possible rate reductions by end of 2025 if inflation stays controlled CONTACT: S...2025-04-0411 minSmart Mortgage Show with Bill LittonIs a Lender Credit Worth the Higher Interest Rate?Is a lender credit a smart way to save money on your mortgage, or does it cost you more in the long run? In this episode, Bill explains how lender credits work, when they make sense, and when you should avoid them. A lender credit can help cover closing costs, but it comes with a trade-off: a higher interest rate. Bill shares real-life scenarios, including a client who saved $10,000 upfront while only paying an extra $200 per month. He also breaks down who qualifies for lender credits, how loan size, credit score, and financial goals impact your decision...2025-03-2709 minSmart Mortgage Show with Bill LittonMoving to a City for 5 Years: Should I Rent or Buy?The decision to rent or buy gets tougher as your time horizon gets shorter. At what point does the pendulum swing from buy to rent? Today we’re going to talk about a specific scenario where someone plans to move to a new city for five years. Would they be better off renting or buying? Bill breaks down the key factors and runs the math to help answer that question. Here’s what we discuss in this episode: 🏡 Rent vs. Buy? – How to decide what’s best for your financial future 📉 Mortgage Rates & Affordability...2025-03-2010 minSmart Mortgage Show with Bill LittonStrategies for Handling Debt Between HomesIf you're selling a home and planning to use your equity to pay off debt before buying a new home, what’s the best way to handle the transition? In this episode, we’re going to look at the two common scenarios where home sellers need to pay off debt—either by necessity to qualify for a mortgage or by choice to improve their financial situation – and then talk about the options your mortgage lender might provide. Here’s what we discuss in this episode: 🏡 Selling & buying? How to handle debt payoff between transactions 💳 What de...2025-03-1310 minSmart Mortgage Show with Bill LittonMarch Market Update – Uncertainty & Mortgage RatesUncertainty is the theme of the month as mortgage rates, economic policies, and market conditions continue to shift. In this episode, Bill provides a timely March market update, breaking down how recent policy changes, employment trends, and inflation rates are shaping the mortgage industry. Here are some key takeaways from the show: 📉 Mortgage rates dropping? Why the trend looks positive for buyers 🏠 Housing inventory & unemployment: How job cuts affect the real estate market 📊 The Fed & inflation: What’s next for interest rates? 💡 Practical strategies: Positioning yourself for smart home financing deci...2025-03-0609 minSmart Mortgage Show with Bill LittonOverrated, Underrated or Rightly Rated in HomebuyingIn this video, we’re going to play lively game of "Overrated, Underrated, or Rightly Rated?" with Bill Litton, regional president at Cross Country Mortgage. Join us as we tackle key concepts that every potential homebuyer should understand. This episode explores various aspects of homebuying, from credit scores to pre-qualifications, real estate agents, and more. Bill shares his insights on what truly matters in the mortgage process, helping you navigate the complexities of home buying with confidence. Here’s what we discuss in this episode: 0:00 – Intro 0:53 – High credit score 2:19 – Prequalifi...2025-02-2713 minSmart Mortgage Show with Bill LittonWhat to Know When Applying for a Joint Mortgage?When it comes to buying a home, many couples assume that applying for a mortgage together is the best route to take. While that might be true for some, some couples are better off going the individual route. Today we’ll take you through the key pillars of a mortgage loan and explain how they’re evaluated in a joint application. Here’s what we discuss in this episode: 0:00 – Intro 1:40 – Credit score 4:15 – Income 6:05 – Debt 7:33 – When joint applications make sense 8:37 – How we help CONTACT: 2025-02-2010 minSmart Mortgage Show with Bill LittonShould You Disclose Everything During the Pre-Approval Process?For many prospective homebuyers, the path to homeownership begins with securing a pre-approval, which not only indicates how much you can borrow but also sets the stage for a smoother homebuying experience. Once you’ve been pre-approved, how much information do you need to share with your lender before the closing date arrives? Today we’re going to answer a question about disclosing a major life change and give you insight from the lender’s perspective. Here’s what we discuss in this episode: 0:00 – Intro 1:40 – Today’s question 3:18 – Big expenses before closing ...2025-02-1310 minSmart Mortgage Show with Bill LittonFebruary Mortgage Update – Fed Decision, Rates, & Spring Around the CornerIt’s been a busy first few weeks of the year as the Trump administration takes office and gets to work. What’s the latest as it relates to the mortgage world and homebuying? Hear from Bill Litton at Cross Country Mortgage on economic changes, interest rates, and the impact of federal policies on home buying. Here’s what we discuss in this episode: 0:00 – Intro 1:30 – Recent Fed Decision 4:25 – Trump’s Executive Orders 6:09 – What we’re watching in February 7:25 – Looking ahead to Spring 8:08 – Super Bowl CONTACT:2025-02-0609 min
The Mike Litton ExperienceBill Brown – A Warrior’s Path to Leadership, Advocacy, and AccountabilityIn this episode of The Mike Litton Experience, we sit down with Bill Brown, a decorated veteran, influential leader, and unwavering advocate for those who serve this country. Bill’s story is nothing short of extraordinary, from his military service to his rise as a prominent voice in veteran affairs, leadership, and policy change.
Bill shares invaluable insights on the importance of meritocracy, the necessity of discipline, and the fight to ensure that those who sacrifice for this nation receive the support they deserve. Drawing from his rich background and experience, he passionately discusses his work to bri...2025-02-051h 36Smart Mortgage Show with Bill LittonPicking Up A Second Job To Secure A Mortgage: Is It A Good Strategy?One of the main pillars for securing a loan is income and a strong housing market means you might need a little more to qualify for the home you have your eyes on. Can picking up a second job help you qualify and how long do you need to have it before it starts counting towards your application? Today we’re talking all about income and the factors that come into play when you submit your loan application. Tune in to learn more about the role of income in mortgage applications and discover strategies to enhance your fi...2025-01-3009 minSmart Mortgage Show with Bill LittonHow Much Home Can You Afford? Here’s What You Should ConsiderOne of the biggest questions, first time home buyers have is how much can I actually afford? Today we're going to look at a specific situation and a common scenario for young couples, break down the numbers, and discuss how to determine how much they can afford. And that’s the most important thing because what you are approved to spend might be much different than what you can actually afford within your budget. If you’re ready to start running the numbers and discussing your options, text LEND to 21000 to get a free consultation. Here’s what we discuss in this episode: 0:00 – Intro2025-01-2312 minSmart Mortgage Show with Bill LittonReady to Buy a Home In 2025? Here’s the First StepIs 2025 the year you hope to buy your first home? It looks like it could be a good year for homebuying and you want to be prepared when the time comes to put an offer in on that dream house. But if you’ve never bought a home before, you might not know what the first step should be. In our latest episode, we’ll explain why the most important first step for anyone buying a home is to have a conversation with a mortgage professional to better understand how it impacts your full financial picture. While it's t...2025-01-1611 minSmart Mortgage Show with Bill LittonWhat Will Mortgage Rates Be in 2025?As we step into 2025, the mortgage landscape is evolving, and understanding the market trends is key for prospective homebuyers and those considering refinancing. We’re kicking off the new year by sharing expectations for interest rates, some important economic indicators, and mortgage planning strategies. Here’s what we discuss in this episode: 0:00 – Intro 0:54 – What Bill’s watching to start 2025 4:03 – Mortgage rate range 7:30 – Timing your home purchase 9:35 – Excited for 2025 CONTACT: Schedule a time to meet with Bill here: https://calendly.com/blitton/ Visit the...2025-01-0910 minSmart Mortgage Show with Bill Litton3 Homebuying Tips for 2025As we approach the new year, many of us are setting goals and making plans for 2025. For some, this might mean taking the exciting step of purchasing a new home. Whether you're a first-time buyer or looking to refinance, we want you to be well-prepared for the journey ahead. In our latest show, we’ll give you three essential homebuying tips for the upcoming year. These three tips are designed to empower you as you navigate the process in 2025. Join us as we discuss the importance of mortgage planning, finding a trustworthy lender, and assembling a reliable re...2024-12-2608 minSmart Mortgage Show with Bill LittonMortgage Products to Deal with Unique Buying SituationsNavigating the complex world of home buying can be especially challenging when unique situations arise that don’t fit the traditional mortgage mold. Sometimes there are unique buying situations that you need to overcome, and a good lender will help you find the right solutions. In this show, Bill discusses common challenges like managing debt-to-income ratios, buying a new home before selling the current one, and overcoming credit events such as foreclosures or bankruptcies. We’ll highlight alternative lending options, offering reassurance that even non-traditional scenarios have manageable paths to success. Here’s what we discuss in this e...2024-12-1912 minSmart Mortgage Show with Bill LittonDecember Update: How the Election Impacts Mortgage RatesAs we wrap up the year, the December market update on the Smart Mortgage Show brings timely insights into the post-election economic landscape and its implications for mortgage rates. Here’s what we discuss in this episode: 0:00 – Intro 0:40 – Reaction to election 2:42 – Economic forecasts 5:30 – End-of-year focus 6:38 – Busy during the holidays? CONTACT: Schedule a time to meet with Bill here: https://calendly.com/blitton/ Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/ Call: 484...2024-12-0508 minSmart Mortgage Show with Bill LittonHow Do You Know You're Working with a Good Mortgage Lender?Choosing the right lender is crucial because, unlike grocery shopping, buying a home is not a frequent activity. You want to get it right the first time. Bill emphasizes the importance of a lender who asks the right questions and takes the time to understand your unique situation. This personalized approach ensures that the financial decisions you make align with your long-term goals. Here’s what we discuss in this episode: 0:00 – Intro 3:24 – Asking good questions 5:15 – The process of discovery 6:18 – Transparency 8:37 – Closing should be a good feeling! ...2024-11-2611 minSmart Mortgage Show with Bill LittonRefinancing Considerations For 2025As interest rates continue to decline, refinancing has become a hot topic for homeowners in 2024 and is expected to remain so in 2025. In this episode, Bill Litton from Cross Country Mortgage discusses key considerations for those looking to refinance their homes. Here’s what we discuss in this episode: 0:00 – Intro 1:33 – Where to refinance 3:01 – Finding the best lender 4:33 – Sniffing out desperation 7:30 – Does free refinancing really exist? 9:24 – Final thoughts CONTACT: Schedule a time to meet with Bill here: https://calendly.com/blitton/ 2024-11-2111 minSmart Mortgage Show with Bill LittonIs It a Better Idea to Pay PMI with the Minimum Down Payment?When the time comes to purchase a home, one of the big decisions you have to make is how much money to put down on the property. Twenty percent is a key number because it allows you to avoid PMI, but is that the best decision financially? Today we’re going to answer a question about down payments from someone whose friend told them it would be a better idea to put the minimum down and let equity build up. Bill will talk about how you should weight this decision and why it might make sense to pu...2024-11-1411 minSmart Mortgage Show with Bill LittonMarket Update: Will the Election Make a Difference in Mortgage Rates?All eyes are on the election this week because of the impact it might have across the economy. But will the results matter for mortgage rates? This week’s market update is all about rates rising despite the Fed’s recent cuts and what impact the election will have on the housing market. Here’s what we discuss in this episode: 0:00 – Intro 2:25 – Specific causes of recent rate increases. 3:57 – Does it matter who is in office? 5:41 – More talk from candidates about home buying. 7:22 – Closing out 2024. CONTACT: 2024-11-0709 minSmart Mortgage Show with Bill Litton3 Main Reasons Loans Never Make It To ClosingWhen it comes to buying a home, everyone dreams of a smooth and celebratory settlement process. Making it to the closing table should be a positive experience, but not all mortgage journeys end happily. Today we’re going to discuss why some mortgage loans never make it to the closing table and how you can avoid these three main pitfalls. Learn more about three main areas that can derail a mortgage: credit issues, income verification problems, and insufficient funds to close. We want to help you navigate these pitfalls and ensure a smooth path to your settlement ta...2024-10-2412 minSmart Mortgage Show with Bill LittonWhat Does a Good Pre-Approval Look Like?What should I expect during the pre-approval process? It’s a big question for homebuyers, especially if they are going through the process for the first time. Buying a home is one of the most significant decisions you'll make, and understanding the pre-approval process can make this journey smoother and more successful. Here’s what we discuss in this episode: 0:00 – Intro 2:21 – Where does a good pre-approval start? 4:42 – Key documents people need ready 6:30 – The professional consultation we provide. CONTACT: Schedule a time to meet with B...2024-10-1711 minSmart Mortgage Show with Bill LittonHow Quickly Should You Pay Off Your Mortgage?Paying off a mortgage is a major goal for many as they approach retirement. People often wonder how quickly they should pay it off or by what age should they have the mortgage completely paid down. But is that always the best strategy? Comparison can often be the thief of joy so let’s talk about why it’s important to run your own race and move at a pace that’s best for you. Bill shares insights on the benefits of maintaining a mortgage while investing in higher-return opportunities, the importance of a balanced financial plan, and th...2024-10-1010 minSmart Mortgage Show with Bill LittonMarket Update: Why Didn't Mortgage Rates Drop More After the Fed Rate Cut?Recently, the Federal Reserve announced a significant rate cut, the first in four years, reducing the federal funds rate by half a percent. This news had many consumers excited, expecting a substantial drop in mortgage rates. However, the reality turned out to be quite different, leaving many wondering why mortgage rates didn't fall as anticipated. Here’s what we discuss in this episode: 0:00 – Intro 0:34 – First reaction to rate cut 2:03 – Rate cut already baked in 4:39 – Key economic indicators 7:36 – Exploring your options CONTACT: Schedul...2024-10-0309 minSmart Mortgage Show with Bill LittonHow To Find a Trusted Mortgage LenderFinding a trusted lender can be a big challenge because it’s difficult to know where to start. If you go to a place like LendingTree or Bankrate, you might find your phone or email being bombarded with lenders trying to reach out to you. A simple inquiry shouldn’t be an invite to flood your inbox. But there is a better way, and Bill breaks it down in this episode of the Smart Mortgage Show. Join us to get valuable insights on how to identify reliable lenders, learn why local relationships are valuable, and to make sure...2024-09-2610 minSmart Mortgage Show with Bill LittonHow To Build Credit From ScratchBuilding good credit is a huge part of being able to secure a mortgage for a home. However, not all of us are in the position credit-wise that we need to be, so how do we fix that? Many potential homeowners face the challenge of securing a mortgage with less-than-perfect credit. But don't give up! In this episode, Bill shares strategies for rebuilding your credit and securing better mortgage rates. Here’s what we discuss in this episode: 0:00 – Intro 2:14 – Ways to improve your credit 5:21 – Goals to set when eliminating debt...2024-09-1913 minSmart Mortgage Show with Bill LittonHow Do You Know If You Are Getting a Good Deal on Your Mortgage?The average home buyer shops for a mortgage only a few times in their life so it’s a challenge to know if you’re getting a good deal. No one wants a surprise when it comes time to close, but how do you know if you’re getting a good deal from your mortgage lender? Here’s what we discuss in this episode: 0:00 – Intro 2:29 – Get it in writing. 7:04 – Where to find accurate numbers. 9:02 – Treat your money how you would treat your home. CONTACT: Sc...2024-09-1215 minSmart Mortgage Show with Bill LittonMarket Update: Rate Cuts & Refinance Demand Is UpThe mortgage market has been interesting to follow the past few months and September is no different with the upcoming Fed meeting on everyone’s calendar. Join us as we check in with Bill on what he’s watching in that meeting and why the comments from Chairman Powell might actually be more important. Will the meeting result in lower mortgage rates immediately and will this be different than the rate dip we saw in 2023? Plus, refinancing is up dramatically year-over-year and we’ll talk about when it makes sense to start inquiring about a potential refinance on you...2024-09-0510 minSmart Mortgage Show with Bill LittonDown Payment Options for an Investment PropertyReal estate investing is a great way to build wealth but one of the toughest hurdles is having the money to put down on that new property. You might be tempted to pull from retirement accounts, sell stocks, or find other creative ways to pull together 20% for a down payment. But what’s going to be your best approach? Today we’re going to answer a great real estate investment question we received from someone in this same position. Here’s what we discuss in this episode: 0:00 – Intro 1:36 – PMI for investm...2024-08-2900 minSmart Mortgage Show with Bill LittonThe Hidden Costs Of Homeownership and How to Prepare For ThemHomeownership is a financial and personal goal that many folks have in their lives, and it’s hard to prepare for when you haven’t experienced it yet. Most first-time homebuyers will look at the cost of the home and what it will take to secure a mortgage, but how much have you budgeted for the expenses that come with owning a home? Here’s what we discuss in this episode: 0:00 – Intro 1:33 – Property Taxes 5:19 – Preparing for property taxes 6:10 – Homeowners insurance 9:35 – Working with the right insurance company 1...2024-08-2214 minSmart Mortgage Show with Bill LittonWhat Changes We’re Seeing for the NAR Realtor Commissions Settlement?We’ve been keeping a close eye on real estate transactions and homebuying following the National Association of Realtors (NAR) Commission settlement because it has been a hot topic in the real estate industry, and for good reason. This settlement has introduced new dynamics in how real estate transactions are conducted, particularly affecting the roles and compensations of buyer's agents. Find out why Pennsylvania is different than other states, why an experienced realtor is more important than ever, and what steps homebuyers should take following this settlement. Here’s what we discuss in this...2024-08-1511 minSmart Mortgage Show with Bill LittonMarkets are down so what about mortgage rates?It’s been pretty rough across markets the past week beginning with the jobs report at the start of August. While the news been negative and the outlook for the stock market is pessimistic, there might be a silver lining as it relates to mortgage rates. Prediction markets have greatly increased the chances that rates get cut by 50 bps in September, which will be welcomed news for homebuyers. Will mortgage rates follow right behind or will we see rates drop even sooner? Today we’ll discuss the latest moves from the Federal Reserve, the future of r...2024-08-0812 minSmart Mortgage Show with Bill LittonHow do you calculate home affordability for retirees and seniors?Bill Litton and Cross Country Mortgage work with seniors quite a bit through the homebuying process. And the question that comes up quite a bit is, how do you calculate that home affordability? Is it different when you're working with seniors versus when you're working with a younger buyer? Today we're going to explore the unique challenges and strategies involved in securing a mortgage for seniors and retirees, and we’ll tell you what you need to know if you’re in the market to buy. Here’s what we discuss in this episode: 0:00 – Intro 1:46 – What we look at first 3:08 – Assets vs Income 6...2024-07-2509 minSmart Mortgage Show with Bill LittonWhat Should I Ask My Mortgage Lender?Today we’re going to give you the questions to ask your mortgage lender to help determine if they are the right fit. From understanding their availability during non-traditional hours to ensuring they offer a variety of programs that fit your unique situation, this episode is packed with valuable insights. Whether you're a first-time homebuyer or looking to refinance, these questions will help you find the right lender and secure the best mortgage. Here’s what we discuss in this episode: 0:00 – Intro 2:00 – Availability 3:42 – How many lenders do you work with? 2024-07-1813 minSmart Mortgage Show with Bill LittonQuestions You Should Ask Your Real Estate AgentWe talk all the time about the importance of having a real estate agent on your side when it comes time to find your next home, but do you know what you should be asking them? Today we want to help you with the process of finding the right agent that will assist you and give you the best chance to secure that dream home. If you haven’t been getting the answers you’ve wanted during your search, you might not be asking the correct questions. This episode will provide you with five key questions to ask...2024-07-1112 minSmart Mortgage Show with Bill LittonMarket Update: Real Estate Inventory on the RiseHeading into July, the biggest news is that inventory is starting to rise. More homes are hitting the market, which is a good trend to see. In this episode, we’ll dive into the rising inventory and what that means for buyers and sellers. Bill also provides insights into the current interest rate trends and what buyers can expect in the coming months. As we move further into the summer, we want to make sure you stay informed and proactive about your next home purchase. Whether you're a first-time homebuyer or looking to refinance, understanding the current ma...2024-07-0210 minSmart Mortgage Show with Bill LittonShould You Refinance Your Home? Here’s What You Need to KnowToday we want to talk about refinancing and what you need to know if you’re considering a refinance for your home. What do you need to know if you're thinking about refinancing? When does it make sense? What are some of the top reasons someone would want to refinance? We're going to discuss all that and break down refinancing in today’s video. Here’s what we discuss in this episode: 0:00 – Intro 1:22 – Reasons to refinance 3:05 – How much of a rate drop is worth it? 5:23 – What the process looks like 6:40 – Closing costs 7:52 – Do you automatically qualify...2024-06-2710 minSmart Mortgage Show with Bill LittonZero-Down Mortgages: What’s the Catch?In the ever-evolving world of real estate, mortgage options are a hot topic, especially for first-time homebuyers. One such option that has recently gained attention is the zero-down mortgage. In this video, we’re going to help potential homeowners understand its benefits and drawbacks. What’s the catch? Tune in as we break it all down. Here’s what we discuss in this episode: 0:00 – Intro 0:58 – Is this a new product? 2:07 – What are the drawbacks? 4:07 – Does it hurt your offer? 5:39 – What to look out for ...2024-06-2009 minSmart Mortgage Show with Bill LittonThe Biggest Mistakes Home Buyers are Making TodayBuying a home is one of the most significant financial decisions you'll ever make. Yet, many buyers fall into common traps that can cost them time, money, and a lot of frustration Today we want to share some of the biggest mistakes homebuyers and explain how we help people at Cross Country avoid doing these same things. From the importance of pre-approval to the dangers of holding out for perfection, Bill breaks down the common pitfalls and offers actionable advice to help you navigate the homebuying process smoothly. Here’s some of what we...2024-06-1313 minSmart Mortgage Show with Bill LittonEconomy is starting to slow, what does that mean for mortgage rates?The US economy has started to slow according to the latest data so what will that mean for mortgage rates? Will the rates begin to come back down a bit more or will they continue to hold around 7%? In this video, we’re going to provide a market update for June. We’ve been tracking the data and will continue to do so throughout the summer, and we’re seeing and hearing a little more pessimism than previous months. We’ll get into the latest economic data, the Federal Reserve's outlook, and what potential homebuyers can expect in the c...2024-06-0609 minSmart Mortgage Show with Bill LittonShould You Use a Home Equity Line of Credit to Cover a Big Expense?When it comes to financing major expenses, homeowners often find themselves at a crossroads. Should you pull from savings, take out a loan, or perhaps, consider a home equity line of credit (HELOC)? Today, we're tackling that question: is tapping into your home equity through a line of credit a savvy move for major expenses? Join us as we sit down with Bill, a regional president at Cross Country Mortgage, to dissect the ins and outs of home equity lines of credit (HELOCs), their benefits, pitfalls, and how they compare to other loan types. Whether you're eyeing...2024-05-2309 minSmart Mortgage Show with Bill LittonIs Downsizing in Retirement a Smart Move?As people approach retirement, one of the big decisions that couples will discuss is whether to downsize and move into a smaller home. Is it a financially savvy move? Does it simplify life? Or does it merely trade one set of complications for another? In this episode, Bill will share his experience from the mortgage lending side and help identify some of the factors that go into making a decision on where to live. From financial considerations to the emotional aspects of leaving a family home, they cover the full spectrum of what downsizing entails. Whether you're...2024-05-1607 minSmart Mortgage Show with Bill LittonWhat Changes are Coming from the National Association of Realtors Lawsuit?The real estate market is on the verge of a major shift, and it's not just the fluctuating interest rates or the ebb and flow of the housing inventory. A lawsuit against the National Association of Realtors (NAR) is making waves, and the ripple effect could alter the landscape for buyers, sellers, and agents alike. While there’s no final decision from the Department of Justice, real estate professionals are anticipating certain changes potentially coming this summer. Here’s some of what we discuss in this episode: 0:00 – Intro 1:13 – What we’re anticipatin...2024-05-0214 minSmart Mortgage Show with Bill LittonHow Can I Make My Home Offer Stand Out?Finding a home that checks all the boxes is an awesome feeling, but you can’t celebrate until you’ve had your offer accepted. In a market where competition can get pretty heated, the difference in winning and losing is usually a slim margin so putting together the best possible offer is critical. It starts with having an experienced team on your side that know what little things work to strengthen an offer. In this video, Bill Litton of Cross Country Mortgage will share a few of the strategies his team considers when helping borrowers secure their home...2024-04-2509 minSmart Mortgage Show with Bill LittonThe Three Pillars of Mortgage ApprovalWhat will a mortgage lender look for when determining whether you will be approved for a loan? The approval process involves three key pillars, which every buyer will need to be prepared for and we’ll break that all down in this episode. Here’s some of what we discuss in this episode: 0:00 – Intro 1:57 – Credit 5:19 – Income 6:58 – Assets CONTACT: Schedule a time to meet with Bill here: https://calendly.com/blitton/ Visit the Smart Mortgage Show website for more podcasts, videos and mor...2024-04-1810 minSmart Mortgage Show with Bill LittonShould you buy or rent? Here’s what the math saysThe debate over whether it’s better to buy or rent isn’t a new one, but it’s picked up in recent years as interest rates have risen and property values have soared. Which is the better option financially? The answer might lie in a number of considerations, but the math makes a very compelling argument in one direction. Here’s some of what we discuss in this episode: 0:00 – Intro 1:53 – Home values 3:46 – Building wealth through ownership 6:59 – Buying vs renting 11:07 – Cost of waiting CONTACT:...2024-04-1115 minSmart Mortgage Show with Bill LittonAre we still in a seller’s market?As we head into spring, history tells us that inventory will start to pick up again. But are we still in a seller’s market? Today is our market update for April and we’re focused in on interest rates, home prices, and inventory. We’ll share some data that shows the latest trends in values across the country and give you another visual to capture the increase in inventory that we typically see following slower months in the winter. And we also have another chart that will show you how mortgage rates typically move with inflation, which...2024-04-0410 minSmart Mortgage Show with Bill LittonRolling Renovation Costs Into Your MortgageWith less inventory on the market right now, many people are having to make a few concessions on what they’re looking for and deciding to make a few renovations instead. So whether you want to add a patio, put in a pool, or remodel a kitchen, can you roll those renovation costs into your mortgage loan? Today, Bill Litton from Cross Country Mortgage will answer that question and tell you what you need to know if you’re considering making changes to your new home. It’s always best to understand your options and know which questi...2024-03-2110 minSmart Mortgage Show with Bill LittonHomebuying and DivorceGoing through a divorce is hard and having to sort out the home and the future only adds to the stress and uncertainty. If you keep the home, what happens to the mortgage and what changes? If you are the one needing a new place to live, how difficult is it to buy a new home and should you wait until the divorce is finalized? Bill Litton, Regional President at Cross Country Mortgage, has a divorce mortgage specialist designation and understands the needs people have when going through this emotional process. Here’s some...2024-03-1412 minSmart Mortgage Show with Bill LittonMarch Market Update – Spring Inventory & Rate MovementAs March begins, mortgage rates have ticked back up and new inflation data is out. Bill will provide you with a market update as we get ready for spring to arrive and activity to ramp up. Is inventory still low? How competitive are the offers right now? We’ll bring you up to speed on that plus we’ll give you our opinion on a recent comment made by a financial CEO about mortgage rate expectations over the next few years. Here’s what we discuss in this video: 0:00 – Intro 1:24 –...2024-03-0710 minSmart Mortgage Show with Bill LittonBuying a home? Think about these mortgage lending tax strategiesHave you ever thought about how your tax planning might positively or negatively impact your next mortgage? You might be surprised to learn that aligning your tax prep with your mortgage process could benefit you in ways you didn’t think about. Since the beginning of the year means tax preparation is top of my mind, let’s talk about how Cross Country Mortgage works with our clients on tax strategies that could really improve their options when it’s time to close on a mortgage. Regardless of when you get your taxes organized, today’s show will giv...2024-02-0817 minSmart Mortgage Show with Bill LittonMortgage Resolutions for 2024If you are someone who likes to set resolutions for the new year, we have a few that you might want to consider as it relates to real estate and mortgages in 2024. We’ll talk savings, credit, and income goals you can set in the coming year to put yourself in a better position to secure your next home. Sometimes the hardest part is just taking that first step so we want to make sure you’re starting small as you get started in the new year. Make it a priority to improve in each of these area...2024-01-0411 minSmart Mortgage Show with Bill LittonBuilding Wealth With Real EstateYou don’t have to own multiple properties to make real estate a key piece of your retirement nest egg. In fact, we always say that anyone who owns a home is a real estate investor, and that can put you in a great position many years down the road. Today we’re going to talk about building wealth through real estate and explain a mortgage can help you grow your nest egg significantly over 30 years. And by pairing that with a straightforward investment strategy, you might be able to accomplish more than you imagined. 2023-12-0716 minSmart Mortgage Show with Bill LittonAre We In a Housing Bubble?In this episode, we’re going to provide you with a market update and some historical data to explain why we don’t feel like there’s a housing bubble. We’ll also share with you reasons that it could actually be a good time to buy a home. If you’re worried about home prices and your market timing, this episode should help answer some of your questions. Here’s some of what we discuss in this episode: 0:00 – Intro 2:08 – Market Update + Historical Data 14:27 – Current Financing Trends 23:36 – Credit score question...2023-11-0230 minSmart Mortgage Show with Bill LittonProblem Solving Your New Home Purchase This month’s full podcast will tackle the problems that typically pop up during the mortgage process along with the top mistakes that we usually see people make. We lead things off with an October mortgage update, which will talk about rates remaining higher than many economists predicted. Will they be coming down soon or should you anticipate fixed-rate mortgages staying in this range for another year or more? Plus, we’ll explain the cost of waiting and why you need to take that into account before waiting for rates to drop. Our...2023-10-0527 minSmart Mortgage Show with Bill LittonHaving the Right Agent-Lender Team Anyone in the market for a home wants to do everything they can to close the deal, especially in a market with low supply and competitive bidding. It’s common that not only will your real estate agent help with that, but they’ll do so in tandem with a mortgage lender. The main focus for today’s show is on that agent-lender relationship and what benefits a strong team can provide a homebuyer. Plus, there’s plenty to talk about as we head into the month of September in terms of interest rates and what the l...2023-09-0728 minSmart Mortgage Show with Bill Litton3 Underappreciated Benefits of a Mortgage Lender In this episode, we’ll tell you about three core principles of our business at Cross Country Mortgage and why they’re often underappreciated. Plus, we’ll give you a market update for August as we continue to watch rates and the Fed’s actions. We’ll also tackle two great questions on the show today about using mortgage calculators and whether it’s a bad idea to have a co-borrower on your home purchase. Here’s some of what we’ll discuss in this episode: 0:00 – Intro 2:08 – Market update: Will rates begin to st...2023-08-0326 minSmart Mortgage Show with Bill LittonAsk Your Mortgage Lender These Questions No matter how prepared you are going into an early meeting with your mortgage lender, there’s bound to be something you forget to ask. Everyone will have their own set of questions that pertain to their homebuying process, but there are a few that we encourage everyone to ask and get answered. Here’s some of what we’ll discuss in this episode: 0:00 – Intro 2:08 – Market update: inflation data & debt ceiling 6:46 – Main topic: Questions to ask your lender 8:10 – Question 1: If interest rates decrease, can you offer a lower rate after...2023-07-0621 minSmart Mortgage Show with Bill LittonQuestions Your Mortgage Lender Should Be Asking You While most lenders will provide you with everything you need, not everyone will ask the questions that will help you best determine what mortgage will fit you and your family best. In this episode, Bill is going to share a few of the questions that your lender should be asking you. If they aren’t or haven’t, it could raise a red flag and should require some additional conversation. We’ll also talk a little about the debt ceiling in our market update and how that’s impacting rates right now. Plus, we’ll tackle a question ab...2023-06-0223 minSmart Mortgage Show with Bill LittonEp 29: Busting 5 Mortgage Myths There are a lot of myths out there in the mortgage world, and today we’re going to debunk the five most common ones. While some of this information might’ve been true at one point in time, it is important to stay updated on how this information has changed as you navigate the home-buying process. In today’s episode, Bill will touch on a few myths from his homebuyer guide and provide some bonus content as well. Here’s some of what we’ll discuss in this episode: Myth: I’ll never be able to overco...2023-04-2023 minSmart Mortgage Show with Bill LittonEp 28: 9 Tips for a Smooth Loan Closing Everyone wants to have a smooth closing day without any hiccups, but a lot of what could go wrong is in your control. In this episode, we’re going to give you nine tips to ensure that you have a loan closing that goes as expected without any surprises. Before we do that, we want to address the big financial news in March, which was the Silicon Valley Bank and Signature Bank failure. Here’s some of what we’ll discuss on this episode: How the Silicon Valley Bank failure is impac...2023-03-1621 minSmart Mortgage Show with Bill LittonEp 27: Ready for Pre-Approval? Here’s What to Expect In this episode, Bill will take you through the process that we go through with clients at Cross Country Mortgage and explain the different types of approval that typically happens. Plus, he’ll provide a market update and share the economic data he’s paying closest attention to. Here’s some of what we’ll discuss on this episode: • A market update on rates and what data Bill is watching closest. (2:33) • Where does the pre-approval process begin? (6:00) • How we assist buyers in areas to improve their pre-approval application. (7:43) • Do multiple pre-approvals negatively impact you? (9:50) • The...2023-02-1622 minSmart Mortgage Show with Bill LittonEp 26: Building Wealth Through HomeownershipMany people weigh the decision of whether they should buy a home or continue renting, but there are some great benefits to homeownership that will allow you to build wealth over time. In this episode of the Smart Mortgage Show, Bill will share some of the numbers that show how wealth can grow through ownership and we’ll spend time talking about the different mortgage options buyers typically choose from. If you’re considering buying a home in 2023, this episode will give you a jumpstart on the process. Here’s some of what we’ll discuss...2023-01-1520 minSmart Mortgage Show with Bill LittonEp 25: What to Expect from 20232022 has been a volatile year. People did not expect rates to increase as much as they did, which has many wondering what 2023 has in store for us. In this episode, we will go over 2022 and how it affected the market. We will then look ahead into 2023 and contemplate what economists have been predicting will be in store for us. Listen to this week’s show to learn more about: Where we started in 2022 and how things have shifted over the last year. (4:37) What most economists are saying for 2023. (6:55) When refinancing might be beneficial. (10:57) CO...2022-12-1514 minSmart Mortgage Show with Bill LittonEp 24: How 2-1 Buydowns Could Lower Your Interest RatesWith interest rates being the highest they have been in many years, Adjustable Rate Mortgages, or ARMs, are becoming more popular. There is a lot of stigma around ARMs due to the housing crash in 2008. In this episode, we are going to address some common concerns with ARMs and explain how they can be great resources for the right borrower. Listen to learn if an Adjustable Rate Mortgage could be right for you. Listen to this week’s show to learn more about: How the current 7% interest rate has increased the use of Adjustable Ra...2022-11-1020 minSmart Mortgage Show with Bill LittonEp 23: The Rise of the Adjustable Rate MortgageWith interest rates being the highest they have been in many years, Adjustable Rate Mortgages, or ARMs, are becoming more popular. There is a lot of stigma around ARMs due to the housing crash in 2008. In this episode, we are going to address some common concerns with ARMs and explain how they can be great resources for the right borrower. Listen to learn if an Adjustable Rate Mortgage could be right for you. Listen to this week’s show to learn more about: How the current 7% interest rate has increased the use of Adjustable Ra...2022-10-2015 minSmart Mortgage Show with Bill LittonEp 22: Should I Use Points to Save Money?Our current market has a lot of people seeking ways to save money. As the Feds work to bring inflation down, many are in anticipation of the interest rates eventually decreasing. Utilizing points has become increasingly more common and you may be wondering how effective they really are. In this episode, we will help you learn the fundamentals of points and what scenarios may (or may not) call for using them. Listen to this week’s show to learn more about: Is there a true reason for you to use points as a tool? (3:52) Th...2022-10-0612 minSmart Mortgage Show with Bill LittonEp 21: What to Expect from the Homebuying ProcessFirst-time homebuyers can easily get caught off guard by the homebuying process. It can be long, exhausting, and requires a lot of documentation. To get through the process from start to finish as smoothly as possible, it is important to know what to be prepared for, what to expect from a lender, and what kind of realtor you should connect with. In this episode, we cover all the basics to help you build a strong foundation going into the home-buying process. Listen to this week’s show to learn more about: Learn th...2022-09-2214 minSmart Mortgage Show with Bill LittonEp 20: Is It Still a Good Time to Buy a Home?With interest rates on the rise and home values still holding their values, we’ve been hearing the question a lot: “Is it still a good time to buy?” Let’s take a deeper look at this question and share some of the historical data to give you a better perspective of where we are. The real estate market is constantly changing, and it’s important to always be evaluating your options when it’s time to buy a home. Listen to this week’s show to learn more about: Why this is a great question...2022-09-0815 minSmart Mortgage Show with Bill LittonEp 19: Services for First-Time HomebuyerOn this episode, Bill Litton will take you through the different services his team at CrossCountry Mortgage offer first-time homebuyers. About a third of the people we work with are doing this for the first time so we have a great idea of the needs you’ll be facing. Listen to this week’s show to learn more about: How we help educate homebuyers through every step of the process. (2:04) Our relationships with people in the community and how that local knowledge benefits someone during the mortgage process. (6:15) The specific tools that we provide someone to make...2022-08-1815 minSmart Mortgage Show with Bill LittonEp 18: 6 Reasons to Buy a HomeA lot of people are worried that the housing market has been slowing down. But houses are still selling quickly and the market is still very strong. Rates are higher, but it still makes sense to buy. Mortgages are still cheaper than rent on average and there are various other benefits to owning a home. On today’s episode, we’ll explore 6 major reasons you should consider buying. We’ll also answer two mailbag questions on mortgage insurance and mortgage companies. Listen to this week’s show to learn more about: Paying toward a mortgage...2022-08-0417 minSmart Mortgage Show with Bill LittonEp 17: Mailbag – Closing Costs, Down Payments, and MoreLet’s open up the mailbag on today’s show to answer some questions we have from potential home buyers in this high-interest rate market. What you’ll learn on this episode: “A friend told me I shouldn’t buy a home unless I can put 20% down. Is this wise advice?” (2:58) “Can closing costs be higher at one lender and lower at another?” (5:53) “Do you recommend people shop around for better closing costs?” (7:23) “What are the difference between a mortgage loan from a broker and one from a bank?” (8:36) “What is mortgage insurance, how often do you have to pay it, can I...2022-07-2119 minSmart Mortgage Show with Bill LittonEp 16: What to Consider in This New Higher Rate MarketInterest rates are rising and it seems likely that they will continue to do so. Historically, rates are still not bad. But a jump from 2.5% to 6% is a big jump and it’s changing the housing market and the trends we are seeing. With inflation still very high, we should expect to see these higher rates for a while. So, what are some of the things you need to really consider in this higher rate market? If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, ta...2022-07-0714 minSmart Mortgage Show with Bill LittonEp 15: Mailbag – Inheriting a Mortgage, Home Improvements, and MoreWith various changes in the market, many listeners have questions about the mortgage process and what they should expect in the coming weeks and months. On today’s episode, we’ll break down each question and the vital things you need to consider when looking for your next home. What you’ll learn on this episode: Sean is inheriting a home that has a mortgage on it. Will he be responsible for that mortgage immediately or does he need to take out his own mortgage on the property? (4:34) Dave’s been told to shop around for a mortga...2022-06-3014 minSmart Mortgage Show with Bill LittonEp 14: 2022 Issues and Mortgage Rate IncreasesInterest rates for mortgages have crept over 6% and it’s been the big story as we head into the summer. Anyone looking to buy or sell a home right now is probably wondering what these rate hikes will mean for the real estate market that’s been going strong for some time. We’ll get Bill’s thoughts on these upward trends and their impact moving forward. What you’ll learn on this episode: An update on the company change to Cross Country Mortgage and what that means for the people we work with. (0:29) Whether this rate incre...2022-06-1714 minSmart Mortgage Show with Bill LittonEp 13: Mailbag - Co-Buying, Pre-Qualification, and MoreToday, we’re going to open up the mailbag to answer some questions from our listeners. Abby’s friend told her that a 20% downpayment is financially necessary. Is this true? This is a common misconception and we see even those with 20% available don’t choose to. Right now rates are still low and it’s going to come back to your financial plan. Carl is wondering what the difference is between getting a loan from a bank and a broker? A direct lender, like us, usually works internally and they do the research for you. Join us today as we explo...2022-05-1913 minSmart Mortgage Show with Bill LittonEp 12: Mailbag – Second Mortgages, Home Equity Loans, and MoreWe are opening up the mailbag today to answer some listener questions about the mortgages and refinancing. Alice asks whether there is a difference between getting a mortgage for one home versus a second home? They are going to look at a lot of the same things: income, credit, and debt ratio. But you want to be aware of new interest rate regulations and your debt ratio. Are home equity loans better than a cash-out refinance option? A home equity loan is a second mortgage option. A cash-out refinance is an adjustment to your first mortgage. Peter...2022-05-0509 minSmart Mortgage Show with Bill LittonEp 11: Agree or Disagree - Mortgage Frustrations From A Buyer's PerspectiveA lot of people out there don’t know much about the mortgage process, which can lead to frustration once you are looking for a home. On today’s episode, we are going to break down a recent article by Architectural Digest, What No One Tells You About a Mortgage, and see whether Bill agrees or disagrees with some of the main points made in the article. As with many big purchases, making sure your finances are in order is important and Bill certainly agrees with this. You can never start the home buying process too soon. Shou...2022-04-2115 minSmart Mortgage Show with Bill LittonEp 10: The Resurgence of Adjustable-Rate MortgagesWith inventory still low, the market is still rough out there for buyers. At the same time, interest rates are rising with inflation proving to be a bigger issue than anticipated. On today’s episode, we are going to discuss a CBS article that relates to some of these issues. With rising interest rates are borrowers returning to adjustable-rate mortgages, a staple of the 2008 housing market crash? We’ve certainly been asked about these mortgages more recently as people try to maintain the interest rates we saw 6 months ago. But when we go through the full analysis ther...2022-04-0714 minSmart Mortgage Show with Bill LittonEp 9: Top 7 Mortgage TipsWhat should future home buyers know? On today’s episode, we discuss the top 7 mortgage tips out there and how they apply to the home buying process. Don’t let a non-exceptional credit score prevent you from applying for a mortgage. Even with a perfect score, you may be facing higher interest rates in the near future. Just like when you are shopping for a car, look around and get multiple quotes. If you’re in the process of buying a house or refinancing it’s best to hold off on other big purchases. We explore prequalification versus p...2022-03-1714 minSmart Mortgage Show with Bill LittonEp 8: True or False? Renting Costs Less Than Owning a HomeSpring is just around the corner and many people are starting to get pre-approved for the busy season. There is a lot of questions that come up during the home buying process. So, on today’s episode, we are going to play a fun round of true or false with some mortgage and refinancing topics. "It’s better to look at the APR and not just the interest rate when evaluating a loan." Bill says the APR is important but you want to make sure it’s not distorted, always get a loan estimate and see where every...2022-03-0314 min
Smart Mortgage Show with Bill LittonEp 7: All About Credit – Part 2How do lenders analyze credit for couples? Does a Co-signer help with credit? You’ve probably heard about the difference between a soft credit hit and a hard credit hit. Whenever you get pre-approved for a home, it’s a hard credit check. But this is different than an auto loan or student loan. There’s no way to shop for mortgages without having your credit pulled so it’s not harmful to your credit score. Can you open up a new line of credit during the home buying process? You might want to hold off on these bi...2022-02-1711 min
Smart Mortgage Show with Bill LittonEp 6: All About Credit – Part 1A lot of people have questions about credit when it comes to buying a home. On today’s episode, we’ll explore some common questions, concerns, and misconceptions about credit. How does a credit score directly impact your ability to obtain a mortgage? If it’s too low you may not qualify for a mortgage loan. Having a good score can help you get the best rates possible on interest, PMI, and more. Join us today as we discuss how credit impacts the mortgage process, how to improve your credit, and more. TIMESTAMPS: 0:4...2022-02-0309 min
Smart Mortgage Show with Bill LittonEp 5: Market Updates - Cooldowns, Interest Rates, and MoreWhat do you need to know about the current real estate market? It doesn’t seem that the market is cooling down just yet. We are still seeing bidding wars and multiple offers. While it may not be as intense in the market as it was a few months ago, you still need to be creative to stand out from other offers. Since September we’ve seen a steady climb in interest rates. What will the peak of rates be in 2022? It’s good to remember that we still have historically low rates, but it’s importan...2022-01-2009 min
Smart Mortgage Show with Bill LittonEp 4: Mortgage Mythbusting - What's True and What is a Myth?What’s true and what’s a myth when it comes to home buying and mortgages? On today’s episode, Bill is going to play myth-buster as we go through 7 different statements. Is it true you need to put 20% down? Does your down payment cover closing costs? While you don’t necessarily need to put all 20% down, it’s all going to depend on your situation. We’ll also go over how a mortgage pull impacts your credit, whether student loans are a dealbreaker, the difference between pre-qualification vs. pre-approval, and much more. There’s a lot of information...2022-01-0610 min
Smart Mortgage Show with Bill LittonEp 3: First Time Buyer MistakesBeing a first-time homebuyer can be an overwhelming and confusing process. So, on today's episode, we will go over some first-time homebuyer mistakes. Now, these are not mistakes exclusively made by first-time buyers alone, they could happen to people buying their second or third home as well. Do you know how much house you can afford? We're here to help you get into a home you can comfortably afford within your budget. A lot of people make the mistake of getting one lending quote and assuming that's the right fit for them. What about making a small...2021-12-1612 min
Smart Mortgage Show with Bill LittonEp 2: Refinancing Your Home Loan 101In 2020 and 2021, you've probably heard a lot about refinancing. So, what does it actually mean to refinance your home loan? How can it help you and what are the qualifications? On today's episode, Bill is going to discuss refinancing and its implications. Whether you are looking for a lower interest rate or a shorter-term loan, there are valuable reasons to refinance. It all depends on your goals and how long you plan on staying in your home. We'll go over the qualifications for those looking to refinance, the process, and whether refinancing could be right for you!2021-12-0914 min
Smart Mortgage Show with Bill LittonEp 1: Get To Know Bill LittonIf you have questions about the mortgage process of buying a home or the ins and outs of refinancing then this is the show for you. Join LendUS® Regional President Bill Litton as he breaks down key lending terms, answers listener questions, and provides you tons of tips and education about the mortgage world. You could save thousands of dollars on your next mortgage decision just by tapping into some of the great information on the Smart Mortgage Show. On this first episode, we'll just spend some time getting to know Bill and LendUS® and set the stage for fu...2021-11-3017 min