15 episodes

If 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 Cross Country Mortgage 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. Schedule a time to meet with Bill and learn more and don't hesitate to reach out with any questions. 484-352-4151. NMLS #147060.

Smart Mortgage Show with Bill Litton Bill Litton

    • Business
    • 5.0 • 1 Rating

If 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 Cross Country Mortgage 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. Schedule a time to meet with Bill and learn more and don't hesitate to reach out with any questions. 484-352-4151. NMLS #147060.

    Ep 15: Mailbag – Inheriting a Mortgage, Home Improvements, and More

    Ep 15: Mailbag – Inheriting a Mortgage, Home Improvements, and More

    With 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 mortgage. But won’t all mortgage rates be pretty similar? Just how big of a percentage difference is there? (6:05) Are there big differences between lenders? What can you expect from who? (8:27) Peter has a chunk of cash to put towards his home. Should he use it to wipe out his mortgage or towards home improvements, thus increasing the value? (10:17) If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, take advantage of our complimentary 15 minute mortgage consultation.
     
    CONTACT: 
    Schedule a time to meet with Bill here.
    Visit the Smart Mortgage Show website for more podcasts, videos and info.
    Call: 484-352-4151.

    • 14 min
    Ep 14: 2022 Issues and Mortgage Rate Increases

    Ep 14: 2022 Issues and Mortgage Rate Increases

    Interest 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 increase has cooled off demand and what these rates could mean the rest of the year. (2:20) Should consumers have an option at a longer mortgage length like 35 or 40 years? How could that benefit you? (6:49) If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, take advantage of our complimentary 15 minute mortgage consultation.
     
    CONTACT: 
    Schedule a time to meet with Bill here.
    Visit the Smart Mortgage Show website for more podcasts, videos and info.
    Call: 484-352-4151.

    • 14 min
    Ep 13: Mailbag - Co-Buying, Pre-Qualification, and More

    Ep 13: Mailbag - Co-Buying, Pre-Qualification, and More

    Today, 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 explore these questions and more on how much home you can afford, pre-qualification, and co-buying.
     
    TIMESTAMPS: 
    0:21 – Do I need 20% to have down?
    3:50 – What’s the difference between a loan from a bank or a broker?
    6:18 – What’s the difference between pre-approval and pre-qualification?
    8:45 – How can I determine how much house I can afford?
    11:08 – How does co-buying work with relatives?
     
    CONTACT: 
    Schedule a time to meet with Bill here.
    Visit the Smart Mortgage Show website for more podcasts, videos and info.
    Call: 484-352-4151.
    Visit LendUS® on the web.

    • 13 min
    Ep 12: Mailbag – Second Mortgages, Home Equity Loans, and More

    Ep 12: Mailbag – Second Mortgages, Home Equity Loans, and More

    We 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 is wondering if he can get a new servicer without refinancing? Unfortunately, you can’t request a new servicer and these complaints are usually rare. But if you refinance you could go to a new servicer. Join us today as we take an in-depth look at these questions on today’s podcast.
     
    TIMESTAMPS: 
    0:21 – Is getting a second mortgage different?
    3:09 – Is a home equity loan better than a cash-out option?
    6:10 – Can I get a new servicer without refinancing?
     
    CONTACT: 
    Schedule a time to meet with Bill here.
    Visit the Smart Mortgage Show website for more podcasts, videos and info.
    Call: 484-352-4151.
    Visit LendUS® on the web.

    • 9 min
    Ep 11: Agree or Disagree - Mortgage Frustrations From A Buyer's Perspective

    Ep 11: Agree or Disagree - Mortgage Frustrations From A Buyer's Perspective

    A 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. Should you focus on a broker first and a house second? Especially in today's market, Bill thinks getting a broker first is essential, a lot of people will not let you look at their house without a pre-approval. We’ll break down these 6 big takeaways and see what you need to really consider through the home buying process.
    Architectural Digest Article: https://www.architecturaldigest.com/story/getting-mortgage-tips
     
    TIMESTAMPS: 
    2:03 – Get your finances in order
    3:12 – Broker first, house second
    5:07 – Pre-approval is not a guarantee
    6:39 – You don’t need to put down 20%
    8:25 – You should shop around for quotes
    10:25 – An adjustable-rate may not be so bad
    11:27 – Once you start be on your best behavior
     
    CONTACT: 
    Schedule a time to meet with Bill here.
    Visit the Smart Mortgage Show website for more podcasts, videos and info.
    Call: 484-352-4151.
    Visit LendUS® on the web.

    • 15 min
    Ep 10: The Resurgence of Adjustable-Rate Mortgages

    Ep 10: The Resurgence of Adjustable-Rate Mortgages

    With 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 there’s not enough disparity between a fixed rate and an adjusted rate to make a lot of sense right now. Join us today as we discuss adjustable-rate mortgages, how they impact the market, and what we can expect to see going into the future.
    CBS Article: https://www.cbsnews.com/news/mortgage-rates-4-percent-adjustable-rate-mortgages-housing/
     
    TIMESTAMPS: 
    0:21 – What has caught your eye in the mortgage world?
    3:31 – Are adjustable rate mortgages coming back?
    4:54 – What is an ARM and how did it impact the housing bubble?
    7:04 – When does an ARM make sense for someone?
    8:18 – Will we see ARMs continue to increase?
    9:01 – Pros and cons of an ARM
    10:00 – It’s more about the advisor than the product
    10:54 – How do we avoid another 2008 housing crisis?
     
    CONTACT: 
    Schedule a time to meet with Bill here.
    Visit the Smart Mortgage Show website for more podcasts, videos and info.
    Call: 484-352-4151.
    Visit LendUS® on the web.

    • 14 min

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