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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.

Feb 17, 2022

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.



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



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