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If you have questions about the mortgage process of buying a home or the ins and outs of refinancing then this is the show for you. Join Cross Country Mortgage Regional President Bill Litton as he breaks down key lending terms, answers listener questions, and provides you tons of tips and education about the mortgage world.

You could save thousands of dollars on your next mortgage decision just by tapping into some of the great information on the Smart Mortgage Show.

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

May 5, 2022

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.



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?



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