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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 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 online and don't hesitate to reach out with any questions. 484-352-4151. NMLS #147060.

Jan 6, 2022

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.


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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?



Schedule a time to meet with Bill here.

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Call: 484-352-4151.

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