Smart Mortgage Show with Bill Litton: Recent Episodes
Bill Litton
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 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. Schedule a time to meet with Bill and learn more at https://www.lend.us/loan-advisors/bill-litton/ and don't hesitate to reach out with any questions. 484-352-4151. NMLS #147060.
Mortgage rates have shown some stability, but buyers are still wondering when meaningful relief might arrive. Bill breaks down the forces currently shaping rates and explains why waiting for lower rates does not always lead to a better buying opportunity. Could buying now and refinancing later make more sense than trying to time the market? Tune in to find out.
Here's what we discuss in this episode:
📊 Market Update: Mortgage rates remain within a stable range
🏠 Current Rates: Buyers are adjusting to recent trends
🌍 Global Conflict: Geopolitical events can quickly shift rates
🏦 Federal Reserve: Inflation remains central to future decisions
🔮 Buyer Outlook: Waiting may come with higher home prices
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Your interest rate may be fixed, but that doesn't mean your monthly housing payment is safe from a major increase. Homeowners across the country are experiencing "escrow shock" as rising insurance premiums, property taxes, and account shortages drive their payments higher. Bill explains why these increases happen and how both buyers and current homeowners can prepare for them. A little planning today could prevent a painful budget surprise tomorrow.
Here's what we discuss in this episode:
🏠 Escrow Shock: The payment increase homeowners didn't expect
📈 Rising Expenses: Taxes and insurance keep climbing
💰 Budgeting Wisely: Leave room for ownership costs
🛡️ Protect Your Payment: Shop policies and verify estimates
📞 Expert Guidance: Build your budget with accurate numbers
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Discover the mortgage myths that might be quietly holding you back from homeownership. Bill unpacks common misconceptions that may be holding you back from attaining your dreams of home ownership. You'll also hear how strategic planning with the right lender can open more doors than you might expect. Tune in to rethink what's possible and stop letting myths make your decisions.
Here's what we discuss in this episode:
💰 Down Payments: 20% is not always required
📊 Credit Scores: Perfect credit is not necessary
🎓 Student Loans: Debt does not automatically disqualify you
⏳ Rate Timing: Waiting can carry tradeoffs
🔑 Renting vs Buying: Understand the bigger picture
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Homebuyers are facing higher rates, rising prices, and a market that looks very different than it did just a few years ago. In this episode of The Smart Mortgage Show, Bill explains how buyers are adapting by focusing less on purchase price and more on monthly payment, exploring refinance options, considering rate buydowns, using family gifts, expanding search criteria, and staying flexible. The key message: today's market still has opportunities when buyers approach it strategically.
Here's what we discuss in this episode:
🏠 Payment First: Focus on monthly affordability. 📉 Refi Strategy: Plan for future opportunities. 💰 Rate Buydowns: Weigh short-term savings carefully. 🤝 Creative Buying: Friends, siblings, and family gifts. 📍 Flexible Search: Consider location, taxes, and townhomes. 🧩 Smart Planning: Get the full financial picture.
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Mortgage rates may not be where buyers want them, but stability in the market is creating a clearer path for smart decision-making. In this July market update, Bill breaks down where 30-year fixed rates stand, why inflation and the 10-year Treasury continue to drive mortgage pricing, and what buyers should understand before sitting on the sidelines. He also explains why trying to perfectly time the market can backfire, and why buying when the payment works may still be the better long-term move.
Here's what we discuss in this episode:
🏠 Rate Reality: Stability is the current story. 📉 Market Drivers: Inflation and Treasuries matter. ⏳ Timing Risk: Waiting may cost more. 🔁 Refi Potential: Buy now, refinance later. 📊 Buyer Strategy: Focus on payment fit.
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Saving for a home has never felt more challenging. Between rising home prices, higher living costs, and endless opportunities to spend money with just a few taps on your phone, many aspiring homeowners feel stuck. In this episode, Bill discusses why saving has become so difficult for younger generations and shares practical strategies to regain control of your finances.
Here's what we discuss in this episode:
🏠 Homeownership Goals: Overcoming today's saving challenges
📱 Invisible Spending: The dangers of frictionless finance
✂️ Create Friction: Practical ways to spend less
👀 Face Reality: Stop avoiding your finances
⚙️ Automate Savings: Pay yourself first
💡 Creative Strategies: Finding new ways to save
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Getting denied for a mortgage can be one of the most frustrating and costly setbacks in the home-buying process. The good news? Many mortgage denials are preventable. Bill explains some of the most common reasons buyers run into financing trouble and what you can do to avoid them. He also shares practical guidance to help buyers navigate the mortgage process with confidence. If you're planning to buy a home soon, this episode could save you from a major headache.
Here's what we discuss in this episode:
📈 Rate Risks: When rising rates change everything
💳 Debt Ratios: Avoiding last-minute qualification issues
💵 Mystery Money: Why undocumented deposits create problems
💼 Job Changes: Protecting income stability during the process
🏠 Appraisal Gaps: Understanding the risks of aggressive offers
📉 Credit Monitoring: Small changes can have big consequences
🤝 Clear Communication: Why your lender needs to know everything
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Getting pre-approved should give homebuyers confidence. Unfortunately, not all pre-approvals are created equal.
Bill breaks down a real one-star mortgage review from a buyer who was pre-approved, found a home, made an offer, and then was denied just two days before closing. Bill explains what likely went wrong and shares the warning signs of a weak approval process and what options may still be available if a deal begins to fall apart.
Here's what we discuss in this episode:
📋 Due Diligence: Why thorough reviews matter
⚠️ Loan Officer Mistakes: Communication and process failures
✅ Strong Pre-Approvals: What buyers should expect
🏠 Saving the Deal: Options when problems arise
🤝 Trusted Guidance: Finding the right lending partner
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Mortgage rates have moved higher again, inflation remains a concern, and buyers are wondering whether they should lock in now or continue waiting for better opportunities. In this June market update, Bill breaks down what's driving mortgage rates and why trying to perfectly time interest rates can be risky. If you're thinking about buying, refinancing, or simply trying to make sense of today's mortgage market, this episode provides a practical update on where things stand today.
Here's what we discuss in this episode:
📈 Rate Trends: Why mortgage rates moved higher
🌍 Market Factors: Inflation, oil prices, and global events
🏠 Homebuyer Questions: Where rates may go next
🔒 Locking Rates: Why waiting can be costly
🔄 Future Refinancing: Why today's rate may not be forever
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Getting approved for a mortgage isn't always as simple as showing a W-2 and a tax return, especially for business owners. Bill explains why many self-employed borrowers run into problems qualifying, even when they make a high income. He breaks down how P&L loans work and why alternative documentation can sometimes open doors that traditional lending won't.
Here's what we discuss in this episode:
📄 Tax Returns Aren't Everything
🧾 P&L Loans Explained
🏢 Self-Employed Challenges
🔍 Documentation Still Matters
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
A new, data-driven appraisal form is rolling out, and it could change how your home is valued. Bill breaks down what's changing, why appraisers may spend more time at your property, and what buyers and sellers should expect in this new era of home valuations, so you're not blindsided at the closing table. Tune in for a practical look at how these changes may impact future home transactions.
Here's what we discuss in this episode:
🏡 Appraisals Are Evolving: The process is becoming more modern and data-driven
📋 New Forms Incoming: Updated layouts and categories aim to improve consistency
📊 More Objective Data: Appraisers will rely less on subjective narratives
🔍 Accuracy Matters: Better data could help create more reliable valuations
🤝 Buyers & Sellers Affected: Changes may slightly impact timelines and expectations
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
A great rate shows up online, but by the time you move forward, the numbers look very different. It's a frustrating experience that many buyers run into, and one that often leads to confusion, delays, and unexpected costs. Bill looks at a real one-star review and explains what likely went wrong. It's about knowing the difference between a smooth process and one that leaves you second-guessing everything.
Here's what we discuss in this episode:
⚠️ Common Issues: Where lenders go wrong
📊 Rate Transparency: Why numbers change
📄 Loan Estimate: Your most important document
🌐 Online Rates: Often assume perfection
⭐ Quality Lender: What to look for
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Mortgage rates are always moving, but understanding why they move is what really matters. Today, Bill takes a closer look at what's driving today's mortgage market, where rates may be headed, and why trying to time the market could actually cost you more in the long run. Mortgage rates are always changing, but understanding why they move is what really matters.
Here's what we discuss in this episode:
📉 Mortgage Rates: Recent cooling and key drivers
🌎 Economic Factors: Inflation and global impact
⏳ Timing Myth: Waiting can cost more
🏡 Local Market: Strong demand continues
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
If you've applied for a mortgage, you know the frustration… your lender keeps asking for the same documents over and over. Why is that? It turns out, there's a lot more to it than just a bureaucratic hassle. Lenders must follow strict guidelines to ensure everything is in order. Today, Bill breaks down the reasons behind the constant paperwork requests and what you can do to make the process smoother.
Here's what we discuss in this episode:
🏠 Understanding Appraisal Waivers: Why lenders need extensive documentation to ensure approval
📑 Document Expiration: Why documents like pay stubs and bank statements can't be older than 30 days
💰 Money Laundering Prevention: Verifying funds to make sure the money comes from a legitimate source
📉 Role of Fannie Mae & Freddie Mac: Lenders must meet the standards set by these organizations
🤝 The Underwriter's Role: The underwriter is the final authority
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
When you're buying a home, one of the key parts of the process is the appraisal. But what if your lender says you can waive the appraisal? This option is becoming more common, but is it always a good idea? Bill discusses when and why lenders offer appraisal waivers, what they mean, and the potential risks involved. Tune in to understand the decision-making process behind appraisal waivers and whether it's the right move for you.
Here's what we discuss in this episode:
🏠 Appraisal Waiver: Lenders may offer this option for convenience, but it's not a one-size-fits-all solution
💸 Cost Savings: Waiving the appraisal can save you up to $800 on the process
⚖️ Risk of Overpaying: Without an appraisal, there's a risk that you could be overpaying for the home
📉 No Negotiation Leverage: Losing the ability to renegotiate the price based on the appraisal value
🧑💼 Professional Insight: An expert advisor's input can ensure this is done properly
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Mortgage rates are back in the spotlight as we head into the spring housing market, and recent movement has caught a lot of buyers off guard. Rates don't move in a straight line, and outside factors can shift things quickly. Bill sheds light on what's driving current rate changes, why locking in your rate matters more than ever, and how economic factors play a role. You'll also hear a realistic outlook for where rates could go next, and why waiting for the "perfect" rate can backfire.
Here's what we discuss in this episode:
🏡 Spring Market Trends: Buyer activity remains strong despite rising rates
🔒 Locking Your Rate: Protects against increases while allowing potential float-down
📊 Economic Signals: Inflation, oil, and global events are driving rate movement
💼 Job Market Impact: Strong employment can keep rates higher longer
📉 Rate Outlook: Long-term trend may improve, but short-term uncertainty remains
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Buying a home is one of the biggest financial decisions most people will ever make, yet many buyers start the process without a clear plan. Preparing ahead of time can make a major difference in the mortgage rate you qualify for, how much you can borrow, and how smoothly the entire process goes. Today, Bill walks us through a practical 12-month timeline for preparing to buy a home.
Here's what we discuss in this episode:
📊 Credit Cleanup: Fix credit issues early to boost scores
💰 Savings Strategy: Build cash for down payment and costs
🚫 Debt Discipline: Avoid new loans before buying
📅 Timeline Planning: Break preparation into quarterly steps
🏡 Mortgage Pre-Approval: Talk to a lender before house hunting
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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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Most homebuyers say they're waiting for mortgage rates to drop just one more percent before buying. But what does that actually mean in real dollars, and could waiting actually cost you more? Bill breaks down the math behind a 1% mortgage rate difference and explains why the answer isn't nearly as simple as most buyers assume. Tune in to see how home prices, appreciation, and timing can completely change the decision.
Here's what we discuss in this episode:
📉 The Math: How 1% change can shift payments
🏠 Home Prices: Waiting can mean higher costs
📈 Compounding Growth: Home values may rise while you wait
🧮 Real Numbers: Mortgage math often surprises buyers
🤔 Market Timing: Waiting for rates isn't always wise
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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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Reverse mortgages are one of the most talked-about and misunderstood financial tools available to homeowners. Opinions tend to be strong, but clarity is often lacking. In this episode, Bill steps back and takes a thoughtful look at the bigger picture. If you've ever had questions, hesitations, or curiosity about reverse mortgages, Bill offers a balanced perspective to help you think more clearly before making any decisions.
Here's what we discuss in this episode:
🏠 Reverse Mortgage Basics: Clearing up confusion and common misunderstandings
💡 How It Works: Understanding payment structure, interest accrual, and FHA protections
⚖️ Addressing Concerns: What happens to equity, heirs, and underwater properties
📈 Strategic Planning: Using home equity thoughtfully within a retirement income plan
📝 Real-World Perspective: When reverse mortgages have worked and when they haven't
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Bill shares what he's seeing across Pennsylvania and Delaware as inventory begins to rise and buyer confidence adjusts. We also discuss why today's environment may feel more navigable than the market of the past few seasons. If you've been watching from the sidelines or wondering whether timing matters in 2026, this conversation offers perspective grounded in real transaction activity, not just headlines.
Here's what we discuss in this episode:
🏡 Market Rebalancing: Extreme seller leverage is easing as conditions normalize
📉 Rate Stability: Mortgage rates hovering near 6% are creating more payment predictability
📊 The 4% Reality: Long-term home appreciation averages out despite year-to-year swings
🔍 Negotiation Leverage: Price reductions, inspections, and contingencies are resurfacing
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Buying a home is one of the biggest financial decisions you'll ever make, and hindsight can be expensive. Years later, many homeowners realize the real impact wasn't cosmetic or cosmetic at all, it was structural to their finances. Bill explores the money decisions that tend to linger long after move-in day. A house can build wealth, but only if the numbers support the life you're trying to live.
Here's what we discuss in this episode:
💸 Stretching Too Far: Overspending impacts lifestyle and retirement
📉 Not Stretching Enough: Buying too small leads to costly upgrades
🔧 Long-Term Costs: Maintenance, taxes, and utilities add up
📍 Wrong Location: Taxes and proximity change financial outcomes
🤝 The Right Team: Guidance prevents expensive mistakes
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Most people don't buy the wrong house because they're careless, they buy it because emotions, expectations, and imagination get involved. Bill is transparent about why homebuyers often stretch, overbuy, or fall in love with features that don't actually fit their daily lives. Small misjudgments can quietly turn into long-term frustration and unnecessary expense. A more thoughtful approach upfront can save years of regret later.
Here's what we discuss in this episode:
🏠 Buying the Wrong House: How good intentions lead to poor fit
🛋️ Realistic Space Needs: Why more square footage isn't always better
⚖️ Needs vs. Wants: Separating daily function from emotional features
🤝 The Right Team: Why a skilled realtor and coordinated professionals matter
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Being self-employed can make qualifying for a mortgage seem harder than it should be, especially when your tax strategy works against traditional lending rules. Today, Bill shares everything you need to know about a lesser-known mortgage option designed for 1099 earners and business owners who don't fit neatly into the standard box. If your income doesn't look "normal" on paper, tune in to learn alternative options for buying or refinancing a home.
Here's what we discuss in this episode:
🧾 1099 Loan 101: Who this option is designed for
📂 Alternative Documentation: Qualifying beyond tax returns and pay stubs
🏡 Lender Process & Fit: How Bill evaluates borrowers
🔓 Flexibility & Availability: Property types, use cases, and limitations
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
February brings encouraging momentum in the housing and mortgage markets. In this market update, Bill breaks down why interest rates have steadily declined over the past year and what that means for buyers heading into the spring season. The conversation explores what's actually driving mortgage rates (hint: it's more than just the Fed), why stability in the low-6% range matters, and how today's environment may create opportunities to buy now and refinance later.
Here's what we discuss in this episode:
📉 Why mortgage rates are nearly a full percent lower than last year
🏦 How Fed policy and mortgage-backed securities influence rates
🧭 What "rate stability" means for buyers budgeting today
🔁 The likelihood of refinancing opportunities down the road
🏡 How first-time, move-up, and downsizing buyers are affected
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
When buying a home, putting more money down feels responsible but is it always the smartest move? Today we're answering a question from a couple planning to put nearly $400,000 down on a $500K home and wondering if their broker's advice was helpful or self-serving.
This decision has less to do with right or wrong and more to do with financial planning, liquidity, and opportunity cost. We're going to walk through how compounding interest, time horizon, and comfort with leverage can dramatically change outcomes, and why locking cash into a home isn't always the safest or most flexible choice.
Here's what we discuss in this episode:
🏠 Is putting 80–85% down on a home ever a good idea?💰 Liquidity vs. locking cash into real estate📈 How compounding interest can outperform mortgage savings⚖️ Guaranteed savings vs. long-term growth tradeoffs🧠 Why education beats being "sold" a mortgage
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Curious about where the housing market is headed next? 2025 was a year of adjustment for real estate, but beneath the headlines, important shifts were taking place. Bill uncovers the shifting trends of 2025 and unveils expert forecasts for 2026. Find out why falling rates and a more balanced market could mean big opportunities for buyers and sellers alike. Don't miss these insider insights!
Here's what we discuss in this episode:
🏡 2025 Recap: Shifts in rates, inventory, and pricing
📉 Rate Drops: The Fed's push toward affordability
📈 2026 Outlook: Economists predict sales surge
🏷️ Market Balance: Price reductions and more choices
💰 Buying Power: Lower rates reshape buyer opportunities
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Can you turn your assets into a mortgage? Buying a home without a paycheck sounds impossible, but it happens more often than you think. Bill explains how asset utilization lending allows buyers with strong balance sheets, but limited income, to qualify for a mortgage. If you're retired, transitioning careers, or asset-rich but income-light, this episode shows what's possible.
Here's what we discuss in this episode:
🏠 No-Income Challenge: Buying a home without a traditional paycheck
🔄 Alternative Qualification: Using assets instead of W-2 income
📑Asset Criteria: What lenders look for and how assets are calculated
⏳ Fund Requirements: How long assets must be held
🧩 Problem Solving: Evaluating options beyond standard loans
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Mortgage rates may not be on a roller coaster anymore, and that matters more than most people realize. In this episode, Bill shares why recent stability in rates is creating predictability for buyers, even as the Fed continues adjusting policy. The conversation looks at what's actually influencing mortgage rates right now, what experts expect heading into 2026, and why waiting for the "perfect rate" can be costly.
Here's what we discuss in this episode:
📊 Market Update: Where mortgage rates stand now
🏦 Stability: Why predictability beats volatility
💸 The Fed: How rate cuts really affect mortgages
📈 2026 Outlook: What direction rates may head
🏡 Buyer Insights: Focus on strategy instead of "perfect timing"
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
The median age of first-time homebuyers has climbed to 40, marking a major shift in today's housing market. Why has the average first-time homebuyer age jumped so dramatically in just a few years? Bill explores what's driving that change, referencing the newly released National Association of Realtors' Annual Profile of Home Buyers. Tune in to hear what younger buyers can do now to avoid waiting longer than necessary.
Here's what we discuss in this episode:
🏡 Median Age: First-time buyers hitting 40
💰 Affordability: Inflation reshaping homeownership
🔄 Repeat Buyers: Oldest average on record
🗺️ Buyer Guidance: Steps to buy sooner
🏦 Credit & Debt: Keys to qualifying earlier
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Most investors assume they must qualify for a rental property the same way they qualify for a primary home, by proving income, debts, job history, and traditional underwriting metrics. But a DSCR loan flips that entire process on its head.
This video will explain how Debt Service Coverage Ratio (DSCR) loans work, why they're becoming so popular among investors, and how they allow you to qualify based on the property's income, not your own. Bill Litton of Cross Country Mortgage walks through how lenders calculate DSCR, how rental income is verified, what kinds of properties qualify, and why underwriters are extra cautious about occupancy fraud.
Here's what we discuss in this episode:
📊 Qualify by rent, not income - The property's cash flow determines approval.
🧾 Appraiser verifies rental value - Rent schedule + lease history drive the DSCR number.
🏘️ Works for many property types - Beach condos, multi-units, single-family rentals, etc.
🚫 Not for primary homes - Underwriters check closely to prevent occupancy fraud.
🪙 LLC ownership allowed - Unlike Fannie/Freddie — big perk for investors.
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
A proposed 50-year mortgage has sparked debate across the housing world, but would it actually help buyers, or just saddle them with decades of interest?
In this episode of the Smart Mortgage Show, Bill breaks down what a 50-year mortgage could look like, who it might help, and why it absolutely won't be the right fit for everyone. Even though the longer term reduces the monthly payment, will the 30-year loan still remain the gold standard? We'll explain how each product stacks up and why the 50-year might be getting too much criticism.
Here's what we discuss in this episode:
🏡 Another Tool — Not for Everyone
💸 Lower Payment, Higher Interest
🔑 Pathway Into Homeownership
📈 Equity Growth Still Matters
📊 Rates Will Be Higher
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
As we close out the year, Bill breaks down the latest mortgage rate trends, why rates have settled into a tight range, and what economic factors are shaping the market heading into 2026. It's a clear-eyed look at where things stand today and the key indicators that will drive rate movement in the months ahead. Have you been trying to buy or simply watching the market? This update gives you the clarity you need heading into the new year.
Here's what we discuss in this episode:
💸 Today's Mortgage Rate Landscape: understanding the low-6% environment
📊 What Moves Rates: inflation, employment, the 10-year treasury, and Fed decisions
🔮 Future Market Direction: insights into where rates may trend in 2026
🗓️ A Look Back at 2025: what this year taught buyers, sellers, and homeowners
📞 Staying Connected: how to reach Bill for guidance heading into the new year
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Being furloughed can create uncertainty, not just with your income, but with major financial decisions like buying a home. In this episode, Bill helps break down how furloughs can affect the mortgage process and what borrowers should understand before making their next move. It's a reminder that preparation, communication, and finding the right lending partner make all the difference, especially during uncertain times.
Here's what we discuss in this episode:
🏠 Mortgage challenges during furlough: why income interruptions complicate the process
👥 Alternative qualification options: using co-signers, spouses, or restructuring
🔄 Planning ahead: preparing for shutdowns before they impact your loan
📞 Verification issues: how employment checks can delay or block closing
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Curious about what it really takes to afford a $2 million home? Bill shares how your unique situation can shape your homebuying journey and why smart strategies make a significant difference. Discover actionable strategies, helpful tips, and expert perspectives that will empower you to make informed decisions on your journey to homeownership.
Here's what we discuss in this episode:
💰 Income Breakdown: how much you actually need to earn to buy a $2M home
📉 Debt Impact: how monthly obligations raise or lower affordability
🏠 Down Payment Scenarios: comparing 20%, 30%, and 50% options
📊 Smart Budgeting: understanding what "comfortable" really looks like
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
Are you self-employed and struggling to qualify for a mortgage based on your tax returns? In this episode, Bill explains how bank statement loans can provide an alternative solution to traditional loans. He walks you through the process, benefits, and considerations of these loans, as well as how they compare to traditional mortgage options.
Here's what we discuss in this episode:
📊 Rate & Term: Understanding rates and terms for Bank Statement Loans
📑 Bank Statement Loan Documentation: What you need to provide for a smooth application process
🔄 Refinancing: Future opportunities and the potential for refinancing with better rates
💡 Additional Tips: Key tips and considerations to boost your chances of approval
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
It's the final stretch of the year but that doesn't mean the news is slowing down. In this month's market update, Bill explains why rates are dipping, what's behind the Fed's changing approach, and how these moves could impact refinancing and homebuying decisions. We'll also discuss how seasonal factors might affect negotiations as the year winds down. Join us to hear about what's really driving the current market and what to watch heading into 2026.
Here's what we discuss in this episode:
💡 Mortgage Rates: current trends and where rates are settling
💰 Refinancing Impact: who might benefit as rates drop
📊 2026 Outlook: will the upper 5% range return anytime soon?
🧭 Smart Strategy: when it makes sense to refinance
🗓️ End-of-Year Market: buyer advantages in slower seasons
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
If your lender won't tell you your interest rate until you make an offer, is that normal or a red flag? In this episode, Bill explains how a proper pre-approval should work, what information you should expect upfront, and when to walk away from a lender who isn't being transparent. Going through the homebuying process can be confusing, especially if you've never done it before, so join us to learn more about what you should expect.
Here's what we discuss in this episode:
🏠 What pre-approval should include
💵 Why transparency matters from the start
☎️ What to ask before choosing a lender
🤝 Why trust and clarity are key in big financial decisions
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text "LEND" to 21000 to schedule a free 15–minute consultation
The average U.S. home price is hovering around $500,000, but what kind of income do you actually need to afford a home with that price tag? In this episode, Bill breaks down the math behind mortgage qualification and explains how factors like debt, down payment, and interest rate dramatically change what's possible. Using real-world examples, this video shows how paying down just $1,000 in monthly debt can increase your purchasing power by more than a quarter-million dollars. If you're dreaming of a $500K home, this will give you a clearer picture of what it really takes to make that dream fit your budget.
Here's what we discuss in this episode:
💵 How lenders determine what you can actually afford
📊 Understanding debt-to-income (DTI) ratios
🧮 The "$150K income" scenario and its limitations
💡 Smart trade-offs: down payment vs. debt reduction
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–minute consultation
You’ve found the perfect home, but there’s a catch. You still need to sell your current house before you can buy. Sellers know that’s risky, which is why “sale of home contingencies” are often rejected in today’s competitive market. So how do you make a strong offer without one? In this episode, Bill explains how specialized products allow you to unlock equity in your current home and use it for your next purchase, without waiting for your old house to sell.
Here’s what we discuss in this episode:
🏡 When contingencies make offers weaker
💵 How bridge loans unlock equity before selling
🤝 How to qualify for a bridge loan
📑 Guaranteed backup contracts explained
🔄 Buy now, sell later option for flexibility
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–minute consultation
The Fed finally cut rates, but why haven’t mortgage rates followed? In this episode, Bill breaks down why the federal funds rate and 30-year fixed mortgage rates don’t always move in sync. While the Fed’s decision impacts short-term borrowing like credit cards and home equity lines, long-term mortgages are a different story. Today, Bill shares what this could mean for buyers, homeowners, and the housing market going forward.
Here’s what we discuss in this episode:
📉 Fed rate cut in September, what it means for home buyers
🏦 Why mortgage rates ticked higher instead of dropping
📊 The Fed’s “dot plot” and outlook for future cuts
💡 Working with a professional to lock in the best rate for you
Economic Projections & Dot Plot
https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20250917.pdf
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–minute consultation
Turning a primary residence into a rental property is a common strategy, but it’s also one that can get homeowners into hot water if they don’t follow the rules. In this episode, Bill breaks down the key differences between mortgages for primary homes versus investment properties, and what you need to know before converting your home into a rental.
Here’s what we discuss in this episode:
🏡 The benefits of buying a primary residence vs. a rental property
⏳ How long you need to live in the residence before you sell it
🚨 The consequences of occupancy fraud, including losing your property
💰 Buying to Rent? Bigger Down Payment Ahead
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–minute consultation
With mortgage rates holding steady in the mid-6% range and home prices still elevated, more buyers—especially Millennials and Gen Z—are turning to adjustable-rate mortgages (ARMs) as a way to lower their monthly payments upfront. The strategy? Grab the lower rate now and hope for a refinance later. But is this smart planning or a financial gamble?
In this episode, Bill breaks down the pros and cons of ARMs, explains how they actually work, and reveals what worst-case scenarios could look like for your monthly payments.
Here’s what we discuss in this episode:
🏡 ARMs may offer lower initial payments than 30-year fixed loans
🎯 Types of financial situations that would benefit
⚠️ Beware of the realities of adjusting rates – often significant
📰 Headlines often exaggerate risks, but careful planning is still critical
Fortune Article:
Millennials and Gen Z are gambling on a big mortgage-rate drop, using ARMs and refinancing. But that could be a ‘financial ticking time bomb’:
https://fortune.com/2025/08/26/millennials-gen-z-mortgage-rates-housing-market-arm-refinance/
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–minute consultation
With home prices climbing, the once-rare million-dollar home is now surprisingly common in many markets. But what does it really take to afford one? In this episode, Bill breaks down the difference between what you can qualify for versus what you can truly afford, and other key factors to take into consideration when shopping for a $1 million home.
Here’s what we discuss in this episode:
💰 Qualifying for a mortgage is not the same as being able to afford it
📊 Retirement savings shouldn’t get sacrificed for a larger mortgage
🏡 Why million-dollar homes are becoming more common in today’s market
📉 How your down payment size impacts monthly payments and loan terms
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–minute consultation
The Federal Reserve is expected to cut interest rates soon, but what does that mean for buyers, sellers, and homeowners?
In this market update, we’ll unpack the latest Fed projections, why economists expect a 25–50 basis point cut, and what that could mean for mortgage rates in 2025 and 2026. Plus, the latest forecasts are out for next year from the Mortgage Bankers Association, Fannie Mae, and the National Association of Realtors, all pointing to gradual rate declines towards late 2026. We’ll give you the latest and discuss what it could mean for you.
Here’s what we discuss in this episode:
📉 Fed cuts expected – 25–50 bps reduction likely at September meeting.
📊 Forecasts aligned – MBA, Fannie Mae, NAR all predict rates for 2026.
🏠 Buyer impact – First-time buyers benefit most from lower rates.
🔄 Refinance window – Homeowners at 7% could see real savings if rates hit 6%.
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–minute consultation
Could starting the mortgage process too late cost you the perfect home? Timing is everything in real estate, especially when it comes to choosing your mortgage lender. In this episode, Bill explains why the earlier you connect with a lender, the better your chances of securing the right home and the right loan. To avoid last-minute surprises and strengthen your offer in a competitive market, Bill explains the benefits of starting the mortgage conversation early and exactly to go about it.
Here’s what we discuss in this episode:
🕒 Why early contact with the lender gives you an edge
📊 How accurate numbers guide better home searches
🛡️ The truth about credit checks when shopping for lenders
💡 Why the phase between pre-approval and contract is so important
🏆 How a great lender strengthens your offer
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–minute consultation
Buying a home can be exciting, but when it comes to sharing personal and financial details with your loan officer, how much is too much? And can withholding information actually hurt you? In this episode, Bill, explains why being open and upfront is the best strategy for securing the right loan. One wrong move could derail your approval, cost you thousands, or even put your dream home out of reach.
Here’s what we discuss in this episode:
🏠 Why full disclosure can make or break your mortgage approval
🗝️ How your loan officer uses your information to get the best terms
⚠️ Common mistakes that cause mid-process loan headaches
🕵️♂️ Questions you must ask when choosing a lender
🧩 How future plans and life changes factor into your loan strategy
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–minute consultation
Divorce is hard enough without losing your home and a great mortgage rate in the process. But can you keep that 2–3% interest rate if you and your spouse split? In this episode, we’ll explain the ins and outs of mortgage assumptions during and after divorce, and why it’s rarely as simple as it sounds.
You’ll learn who can actually assume a loan, what qualifications you’ll need to meet, and the often-overlooked challenges of working directly with your loan servicer. We’ll also share strategies for structuring divorce terms to make keeping the marital home (and the low rate) more likely, plus options if you’re the “out spouse” needing a new place to live.
Here’s what we discuss in this episode:
🏠 What an assumption is
📋 Qualifying rules – You must re-qualify on your own; adding new borrowers is rarely allowed.
🛑 Servicer challenges – The assumption process is often slow, unclear, and unsupported.
⚖️ Divorce terms matter – Structure agreements to improve the odds of keeping the home.
💡 Specialized help exists – Work with a mortgage pro trained in divorce lending guidance.
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–minute consultation
As we roll into August, Bill shares a timely market update on what’s driving mortgage rates right now. What’s catching Bill’s eye as fall approaches? Interest rates, buyer moods, and the real forces moving Pennsylvania’s market. And for Pennsylvanians thinking about buying, selling, or refinancing, these shifts could directly impact timing, pricing, and long-term cost.
Here’s what we discuss in this episode:
🏡 Housing market trends in August
🧐 What inflation and tariffs could mean for rates
🚪 Is the seller’s market finally shifting in PA?
⏳ Should you wait to buy or refinance now?
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15-minute consultation
You’re getting close to buying your home, but now comes the big question: when should you lock in your mortgage rate? Rates move constantly, and with economic shifts, political uncertainty, and global factors like tariffs, it can be tough to predict where they’re headed. In this episode, Bill explains what most buyers completely miss about locking in their interest rate, and how that oversight can lead to blown budgets, disqualified loans, and missed opportunities.
Here’s what we discuss in this episode:
🔒 Why locking your rate is more important than you think
📉 How float-down options can save you money
🏦 The danger of waiting too long
💬 Real-world scenarios that cost buyers big
📊 How Bill’s team strategizes lock timing with data
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–20 minute consultation with Bill
It’s tempting, isn’t it? You’re just days or weeks away from closing on your new home, and a shiny new credit card offer shows up. Travel perks, cash back, or maybe a great financing deal on furniture. But even if it seems harmless, opening new credit during the mortgage process can create big problems. In this episode, Bill shares why you should never take on new credit before settlement, no matter how solid your financial situation seems.
Here’s what we discuss in this episode:
⚠️ Why opening a new credit card can delay or derail your mortgage
📉 How a single credit inquiry can trigger re-underwriting, delay closing, or raise your rate
🚫 The serious risks of changing jobs (or pay structure) before settlement
📣 Why full transparency with your lender is so critical
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
📞 Schedule a time to meet with Bill here: https://calendly.com/blitton/
📲 Text “LEND” to 21000 to schedule a free 15–20 minute consultation with Bill
Most homebuyers know to avoid major credit moves or switching jobs during the mortgage process, but what about the mistakes that don’t show up on every checklist? In this episode, Bill breaks down the lesser-known mortgage missteps that trip up even financially responsible buyers. Maybe you have an 800 credit score, a million in the bank, or even a paid-off home, but these overlooked issues may still derail your loan or raise your rate.
Here’s what we discuss in this episode:
🧾 Retirees may struggle to qualify—even with assets and equity—if income is low
⚠️ One late credit card payment causes more damage than you’d think
📉 A high credit score and big bank balance doesn’t guarantee approval
💸 Lenders need to source where your money came from, not just that you have it
🧱 The 4 pillars of pre-approval and how to make sure they’re all solid
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
🏠Get your free mortgage consultation here: https://calendly.com/blitton/
Mortgage rates have dipped slightly, home inventory is increasing, and buyer interest is starting to rebound, but are we really entering a more stable housing market?
In this episode, Bill Litton of Cross Country Mortgage shares what he’s watching this July, including key mortgage rate shifts, updated application trends, and how tariffs could impact inflation and interest rates in the months ahead. We’ll also unpacks how buyer behavior has shifted after three years of rate anxiety and why many homeowners are choosing to “bite the bullet” on today’s higher rates rather than keep waiting.
Here’s what we discuss in this episode:
📉 Mortgage rates dipped a bit, refi and purchase apps are up
🏡 More inventory = less bidding war pressure
💸 Tariffs could influence inflation (and future rate decisions)
📊 Why buyers are accepting 6–7% rates as the “new normal”
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Even 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 guarantee really means for your offer
📍 Why local matters: the power of proximity
🤝 Unconventional terms that may seal the deal
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 Small Credit Tweaks Can Boost Your Rate Potential
⚖️ 3% vs. 5% Down
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Mortgage 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 guarantee offer for serious buyers
🏘️ Why national trends don’t reflect every local market
🛑 The biggest mistake people make when “waiting out” the market
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
In 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 Closing Guarantee actually works
🔍 What makes this program stand out in competitive markets
💡 Why it may be stronger than a cash offer
🏡 How to use this tool alongside other buyer strategies
📣 How to present this to clients
Connect with Lorna at RE/MAX Town & Country: https://www.remax.com/real-estate-agents/lorna-kozlowski-west-chester-pa/102216713
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 between pre-qualification and pre-approval
🕒 How pre-approval can happen in under an hour—if you’re ready
📦 What to gather now to avoid last-minute chaos later
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 to neighboring states
🚗 Is a longer commute really worth it?
📊 What debt, credit, and goals mean for approval
🔧 Small mortgage tweaks that make a big difference
State-by-State Affordability Analysis: https://www.realtor.com/news/trends/family-income-to-buy-home-by-state-map/
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Home 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 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: 484-352-4151.
With 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 questions buyers are asking most in May
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 cities
📊 How your money might work harder outside your mortgage
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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
🏠 How property settlement agreements impact your mortgage approval
💡 What “house spouse” vs. “out spouse” means in mortgage terms
💬 Key questions we ask every divorcing client before moving forward
🙋♀️ Why consulting early could save you a second move (and a lot of stress)
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
With 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 we discuss in this episode:
📉 Are you refinancing for the right reasons?
💰 The truth behind "too good to be true" interest rates
🧾 Understanding loan estimates and recoupment periods
🏡 Common missteps first-time buyers make
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
It’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:
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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, and whether you can refinance after using a lender credit.
Here’s what we discuss in this episode:
💰 Lender Credit Explained
📊 Higher Interest Rate Trade-Off – Is it worth it?
🏡 When Lender Credits Make Sense
⚠️ Who Qualifies? – Credit score & debt ratio requirements
🔄 Can You Refinance After Using a Lender Credit?
0:00 – Intro
0:46 – How a lender credit works
2:22 – Can anyone get this?
3:23 – When should you?
5:42 – When it doesn’t make sense
7:14 – How quickly can you refinance?
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 – Why buying isn’t always the best option
💰 Short-Term vs. Long-Term – The hidden costs of homeownership
⚖️ When Renting Makes More Sense – Understanding break-even points
0:00 – Intro
2:15 – How to approach this situation
4:46 – What timeframe would renting be better?
6:02 – How a lender helps
8:04 – Making a decision
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
If 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 debt should you pay first? The smartest financial approach
💰 Using home equity wisely – Should you pay off loans or invest in your new home?
📊 The impact of debt on mortgage qualification – What lenders consider
0:00 – Intro
1:01 – Liability advisors
2:29 – Closing options
7:00 – Does type of debt matter?
8:50 – How we help
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Uncertainty 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 decisions
0:00 – Intro
1:10 – What is Bill watching in March
3:00 – Layoffs and real estate inventory
4:50 – Mortgage rates
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
In 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 – Prequalification
5:09 – Homeownership
7:25 – Good real estate agent
9:22 – 20% down payment
10:49 – First-time homebuyer programs
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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:
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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
5:50 – Will your lender know?
6:55 – Protecting the buyer
8:26 – Final thoughts
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
It’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:
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 financial profile for a successful home purchase.
Here’s what we discuss in this episode:
0:00 – Intro
1:13 – When can a second job be used on a mortgage application?
2:27 – Focusing on eliminating debt
5:33 – Does the two-year threshold apply to a new primary job?
7:05 – Having a strong lending team on your side
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: 484-352-4151
Check us out on YouTube: https://bit.ly/3KbUxAF
One 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 – Intro
1:18 – Understanding what’s truly affordable
6:27 – Maintenance figures
8:32 – General guidance
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: 484-352-4151
Is 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 tempting to rely on online resources or automated services, there's immense value in having a face-to-face (or phone) conversation with a mortgage professional.
Discover our process at Cross Country and take advantage of a free 15-minute mortgage consultation!
📱 Simply text LEND to 21000 to get started.
Here’s what we discuss in this episode:
0:00 – Intro
2:35 – Why the need for a face-to-face convo?
4:19 – What you need to know before meeting?
6:34 – Action items.
9:38 – Looking for the right lender.
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/
Call: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
As 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 real estate team. As you make plans for the new year, let these strategies guide you toward achieving your homeownership dreams.
Here’s what we discuss in this episode:
0:00 – Intro
1:22 – Getting preapproved
2:31 – Finding a good local lender
5:10 – Putting together a good team
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Navigating 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 episode:
0:00 – Intro
1:58 – Unique buying scenarios
4:48 – Condos
7:03 – Credit events
9:03 – First meeting experience
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
As 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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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!
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
As 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/
Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/
Call: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 put less money down than the traditional 20%.
Here’s what we discuss in this episode:
0:00 – Intro
1:39 – Do you have to put 20% down to avoid PMI?
4:24 – What down payment discussions look like
7:51 – Paying off PMI
9:56 – Personal responsibility
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: 484-352-4151
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:
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
When 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 table.
Here’s what we discuss in this episode:
0:00 – Intro
2:02 – Getting to the settlement table should be a good feeling.
3:19 – What credit issues can throw things off track?
4:58 – How to prevent credit issues from holding up closing.
5:54 – Where things can go wrong when it comes to income.
8:07 – The funds to close.
10:17 – How often do closings get held up?
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 Bill here: https://calendly.com/blitton/
Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/
Call: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 the value of working with financial and mortgage advisors.
Here’s what we discuss in this episode:
0:00 – Intro
1:52 – Comparison is the thief of joy
3:51 – Having a mortgage paid off before retirement
6:03 – How we help our clients find a mortgage option that’s best for them
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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:
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Finding 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 you’re asking the right questions. Tune in for practical advice on securing a mortgage without the hassle of spammy lenders.
Here’s what we discuss in this episode:
0:00 – Intro
1:12 – LendingTree and Bankrate: what do they do?
5:23 – How to find that trusted lender
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Building 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
6:20 – Secured credit cards
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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:
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
The 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 your own property. There’s a lot to cover this month and we’d love to hear from you in the comments if there’s something you’re interested in.
Here’s what we discuss in this episode:
0:00 – Intro
0:22 – Upcoming Fed meeting
4:38 – Rate outlook
6:24 – Refinance demand is up
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Real 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 investment property
3:30 – Options to avoid selling stocks
7:40 – Loan vs paying full down payment
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Homeownership 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
10:35 – Home maintenance
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: 484-352-4151
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 episode:
0:00 – Intro
1:08 – What we’re seeing
2:18 – Pennsylvania buyer’s agreement
5:22 – Experience matters
6:58 – Uncertainty
8:19 – Recommendation for homebuyers
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 rate cuts, and how to navigate the homebuying process in these uncertain times.
Here’s what we discuss in this episode:
0:00 – Intro
0:52 – What the Fed is seeing
3:00 – Rate decreases accelerated?
5:49 – Recession
7:25 – Mortgage rates
10:14 – What we’re watching
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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
6:12 – Purchase before you retire
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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?
5:53 – Variety of programs and products
7:26 – Considering your full financial picture
9:25 – Knowing what you’ll have to pay
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
We 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 your agent and we’ll explain what you want to learn from each of these answers.
Here’s what we discuss in this episode:
0:00 – Intro
0:44 – Value of an agent
2:06 – How long have you been in the business?
4:53 – References
7:31 – Number of clients
8:44 – Availability
9:46 – How much business each year?
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Heading 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 market dynamics can help you make better decisions.
Here’s what we discuss in this episode:
0:00 – Intro
0:50 – Inventory is up
3:19 – The stress of buying in a seller’s market
5:08 – How does the lending process change with increased inventory?
7:05 – What are the rates doing currently?
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Today 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?
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Buying 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 discuss in this episode:
0:00 – Intro
1:44 – Putting off preapproval
4:19 – Holding out for perfection
7:00 – Buying more than you can afford
9:38 – Not working with an agent
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 coming months. If you’re curious about where mortgage rates might be headed and how to navigate the current market, we think you’ll get a lot out of this video.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:08 – Economic data
3:25 – Will interest rates follow?
5:22 – What rates do we anticipate?
6:19 – What are we watching in upcoming months?
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 a home renovation or facing an unexpected bill, this episode is your guide to making informed decisions about leveraging your home's value.
Here’s some of what we discuss in this episode:
00:00 - Introduction and Overview of HELOC
04:34 - Importance of Paying Down a HELOC Quickly
09:18 - HELOC Options
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 flush with cash or on a fixed income, this episode provides valuable insights into mortgage planning and the timing of your move.
Here’s some of what we discuss in this episode:
0:00 – Intro
4:46 – Timing and options for downsizing
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Now that interest rates are up in the seven percent range and people are paying a higher rate for their mortgage, should you still be thinking about paying your mortgage as quickly as possible or continue making your scheduled payments over time? In this video, we’ll share our perspective as a mortgage lender and a company that works with people to help them reach their financial goals.
Join us as we dissect the complexities of mortgage management in an era of fluctuating interest rates. We’ll explore the value of paying off your mortgage sooner versus investing in the market, the role of 401(k)s, and the nuances of 15-year vs. 30-year mortgages. Whether you're a new homeowner or nearing retirement, this episode offers valuable perspectives on making the most of your money.
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 anticipating
3:21 – Agent fees
4:21 – Will it change things?
9:00 – Lending options
11:31 – The impact
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 homes. These steps can go a long way towards giving the seller the confidence to choose you and there are a multitude of ways we can do this.
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
What 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 mortgage info: https://smartmortgageshow.com/
Call: 484-352-4151.
The 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:
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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 could signify the potential for some good news in the near future.
Here’s some of what we discuss in this episode:
0:00 – Intro
0:44 – State of the housing market
1:26 – Increase in home values
3:43 – Mortgage rates follow inflation
7:05 – Average days on market
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
With 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 questions to ask your mortgage lender when you start looking.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:47 – The questions we have to answer
3:43 – Scenario we’re cautious of
4:30 – Appraisals
8:30 – How it impacts your rate
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Going 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 of what we discuss in this episode:
0:00 – Intro
1:35 – Biggest issues
3:35 – If you’re retaining the house
5:27 – The mortgage process if you’re planning to buy
8:31 – Finalizing divorce
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
As 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 – Inflation data
2:40 – BOA CEO comments
7:13 – Future of the market
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
Have 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 give you some important things to think about before you buy your next home.
Here’s what we cover in this video:
0:00 – Intro
4:20 – Why tax planning matters
5:23 – Self-employment
7:03 – Flexibility in tax law
11:02 – Alternate lending options
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
If 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 areas and you’ll see the results impact you positively during the mortgage lending process.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:59 – Savings resolution
6:32 – Credit resolution
11:50 – Income resolution
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
You 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.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:27 – A home is an investment
4:12 – Real estate value growth over time
7:56 – Why doesn’t everyone do this?
9:53 – $3 million nest egg achievable?
13:31 – Final thoughts
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: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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
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: 484-352-4151.
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 main topic is all about problem-solving, which is an overlooked part of what we do as mortgage lenders. Cross Country Mortgage puts in a lot of time early in the process to help you navigate any potential issues, and we’ll share all that today.
Finally, we’ll address a great question that came in to us recently about the top mistakes people make during the mortgage process so check it out to see what you need to avoid.
Here’s some of what we’ll discuss in this episode:
0:00 – Intro
1:53 – October market update (rates & housing market)
10:37 – Problem-solving during the mortgage process
20:58 – Biggest mistakes in the mortgage process
CONTACT:
Schedule a time to meet with Bill here.
Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info.
Call: 484-352-4151
Check us out on YouTube: https://bit.ly/3KbUxAF
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 latest uptick means.
And we’ll close out the show with a great question on new home construction and securing a mortgage for that versus an existing home.
Here’s some of what we’ll discuss in this episode:
0:00 – Intro
1:49 – September market update
10:40 – Benefits of a good agent-lender team
22:37 – Mortgage Mailbag: New home construction loan vs existing home
CONTACT:
Schedule a time to meet with Bill here.
Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info.
Call: 484-352-4151
Check us out on YouTube: https://bit.ly/3KbUxAF
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 start coming down?
5:25 – 5.5% mortgage rates should be the inflection point for more market movement
9:35 – Our process is relationship-driven
12:37 – Why we make communication a priority
17:25 – How we work to educate everyone we work with
21:16 – Mortgage mailbag: What’s your favorite mortgage calculator?
23:54 – Mortgage mailbag: Should I use a co-borrower to purchase my home?
CONTACT:
Schedule a time to meet with Bill here.
Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info.
Call: 484-352-4151
Check us out on YouTube: https://bit.ly/3KbUxAF
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 loan is locked in?
10:35 – Question 2: Will you be able to provide payment and cash to close numbers on homes we’re interested in?
12:18 – Question 3: Is the rate guaranteed?
16:21 – Mortgage mailbag: Does pre-approval hurt my credit?
CONTACT:
Schedule a time to meet with Bill here.
Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info.
Call: 484-352-4151
Check us out on YouTube: https://bit.ly/3KbUxAF
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 about whether a 20% down payment on a home is necessary for your next purchase.
Here’s some of what we’ll discuss in this episode:
0:00 – Intro
1:24 – Market Update on the Debt Ceiling
6:24 – Questions your lender should be asking
18:02 – Mailbag: Is 20% down necessary?
CONTACT:
Schedule a time to meet with Bill here.
Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info.
Call: 484-352-4151.
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 overcome my bad credit score and buy a home. (7:13)
- Myth: Lenders will nickel and dime you with fees. (9:44)
- Myth: You’ll need to put 20% down on your home in cash to purchase it. (12:08)
- Myth: You want to avoid the adjustable mortgage rate bill. (15:57)
- Myth: First-time home buyer loans are always the most beneficial for first-time buyers. (18:43)
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.
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 impacting the mortgage industry. (0:33)
- Why you shouldn’t change jobs before closing. (8:34)
- Don’t dip into that money you have saved for a down payment. (12:16)
- Why you shouldn’t make any large deposits during this time. (14:30)
- Don’t increase the balances on your credit cards before closing. (17:08)
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.
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 three levels of approval and what they mean to the home-buyer. (14:47) • Some Do’s and Don’ts for homebuying. (17:59)
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.
Many 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 on this episode:
- How we help determine which mortgage loan is best for you. (2:01)
- What are VA and USDA loans and who benefits most? (4:30)
- Is the FHA loan only for first-time homebuyers? (7:29)
- When would you use a Jumbo loan? (8:44)
- You want a mortgage lender that understands all the options for you. (12:19)
- Why homeownership helps you build wealth compared to renting. (13:56)
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.
2022 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)
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.
With 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 Rate Mortgages. (2:19)
- How ARMs were a part of the problem in 2008. (4:30)
- What factors play into whether an ARM is recommended for a home buyer? (6:44)
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.
With 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 Rate Mortgages. (2:19)
- How ARMs were a part of the problem in 2008. (4:30)
- What factors play into whether an ARM is recommended for a home buyer? (6:44)
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.
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)
- There are instances where using points doesn’t make sense. (6:03)
- There is no 'one size fits all' for when you’ll break even. (8:02)
- Points are significantly more common now than in typical markets. (9:06)
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.
First-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 the questions you need to be able to answer and the paperwork you need to go through the pre-approval process. (2:47)
- Potential pitfalls that could cause issues getting you approved for a mortgage loan. (6:09)
- What you need to know about choosing a realtor to help you find the right home. (7:55)
- How we try to wrap up the process as smoothly as possible. (10:53)
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.
First-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 the questions you need to be able to answer and the paperwork you need to go through the pre-approval process. (2:47)
- Potential pitfalls that could cause issues getting you approved for a mortgage loan. (6:09)
- What you need to know about choosing a realtor to help you find the right home. (7:55)
- How we try to wrap up the process as smoothly as possible. (10:53)
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.
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 to be asking right now. (2:25)
- Why it makes sense to buy now despite the rate increases. (5:01)
- The other benefits to buying over renting besides monthly payment. (9:51)
- Are home values out of reach right now? (12:10)
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.
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 to be asking right now. (2:25)
- Why it makes sense to buy now despite the rate increases. (5:01)
- The other benefits to buying over renting besides monthly payment. (9:51)
- Are home values out of reach right now? (12:10)
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.
On 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 the mortgage process easier and how we service them after closing. (8:03)
- The different loan products that we offer and how we determine what fits you best. (10:34)
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 CrossCountry Mortgage on the web.
A 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 builds your equity and savings cushion. (2:15)
- Your home will appreciate in value over time. (7:36)
- Your mortgage is stable and will likely be the same payment over time. (11:15)
Enjoyed the episode? Make sure to subscribe and share with your friends and family.
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.
Let’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 avoid it?” (11:04)
- “What is the best type of loan out there?” (14:09)
- “What’s the difference between pre-approval and pre-qualification?” (16:57)
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.
Visit LendUS® on the web.
Interest 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, take advantage of our complimentary 15 minute mortgage consultation.
TIMESTAMPS:
0:44 – What are we seeing in the market?
2:32 – Are rates the major concern?
3:33 – Will the market volatility stabilize?
4:23 – The affordability of houses
6:25 – Refinance opportunities in the future
8:32 – Considering closing costs
10:05 – Adjusting the downpayment
12:02 – Buying a house is still a good investment
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.
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.
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.
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.
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.
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.
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.
What 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 preapproval, mortgage rates, down payments, and more.
TIMESTAMPS:
0:40 – Non-exceptional credit score
2:33 – Get multiple quotes
4:22 – Don’t make large purchases
6:25 – Prequalification and pre-approval
9:15 – Small increase in mortgage rates
10:30 – Increasing or decreasing down payment
12:05 – Agent and lender communication
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.
Spring 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 dollar is going. Should you always get your home mortgage through the bank? While they have some good offers, they aren’t always the best option out there. Join us as we explore these topics and more on today’s show.
TIMESTAMPS:
3:16 – It’s better to look at the APR not just the interest rate
4:06 – You should always get your home mortgage through the bank
4:52 – Lenders only consider the highest credit rating for spouses
5:49 – You have to put down at least 5% to qualify for a mortgage
7:41 – Renting costs less than owning a home in the long run
9:50 – You’re not allowed to use money from family or outside sources
11:15 – You can still get a mortgage if you recently changed jobs
12:02 – You can’t apply for a mortgage if you are retired
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.
How 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 big purchases because they could impact your debt ratio a lot. As we continue our conversation on credit today, we’ll discuss these questions and more.
TIMESTAMPS:
0:21 – Credit with couples
3:14 – Co-signers for the loan
4:06 – Soft vs. hard check
5:53 – Making big purchases
8:25 – Utilization ratio
10:07 – Credit card limits
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.
A 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:
0:42 – Buying a home
1:40 – Interest rates
2:06 – Home sizes
3:36 – Minimum credit scores
4:52 – Best rates possible
5:56 – Improving your credit
7:09 – Hiring a company
8:07 – Knowing your credit
CONTACT: https://smartmortgageshow.com/
What 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 important to keep in mind what the future holds. On today’s episode, Bill discusses these market updates and what waiting to refinance could mean for your future.
If you have questions about a mortgage or refinancing you can get your 15-minute free consultation with Bill: https://calendly.com/blitton/30min?month=2022-01
Timestamps:
1:03 – Is the market cooling off?
1:46 – What are rates like?
2:41 – What will rates be like in 2022?
3:16 – We still have good rates
4:29 – The cost of waiting
Get Additional Information: https://smartmortgageshow.com/
Resources:
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.
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 out there so we’ll help you sort through these statements and discern fact from fiction.
Get Additional Information: https://smartmortgageshow.com/podcast/ep-4-mortgage-mythbusting-whats-true-and-what-is-a-myth/534/
Timestamps:
0:54 – Do you need to put 20% down?
1:48 – Does your down payment cover your closing costs?
2:44 – Does applying for a mortgage hurt your credit?
3:44 – Is having a student loan a dealbreaker?
5:07 – Are adjustable-rate mortgages bad?
6:28 – Do you get penalized for paying your mortgage off early?
7:15 – Are pre-qualification and pre-approval the same thing?
8:11 – Are there any other misconceptions?
Resources:
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.
Being 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 down payment? Well, this will depend on your situation. We'll also discuss first-time homebuyer programs and credit. Hopefully, some of these tips can help you avoid some mistakes along the way.
Get Additional Information: https://smartmortgageshow.com/podcast/ep-3-first-time-homebuyer-mistakes/531/
Timestamps:
0:40 – Not knowing how much house you can afford
2:15 – Getting one lending quote
4:11 – Making a small down payment
5:58 – Not looking into first time home buyer programs
7:28 – Applying for other credit before the sale is final
Resources:
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.
In 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!
Get Additional Information: https://smartmortgageshow.com/podcast/ep-2-refinancing-your-home-loan-101/516/
Timestamps:
0:22 – How was Thanksgiving?
1:47 – Headlines: $100,000 loan increase
4:05 – What does it mean to refinance?
5:52 – Refinance in 2020 and 2021
7:14 – How long do plan on living in this home?
9:14 – What is the goal of refinancing?
10:09 – What are the minimum qualifications?
11:41 – Is refinancing right for you?
Resources:
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.
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 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 future episodes!
Resources:
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.