Preview Mode Links will not work in preview mode

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 19, 2022

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.



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?



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.