
Ep 7: All About Credit – Part 2
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
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.
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.
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TIMESTAMPS:Â
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?
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CONTACT:Â
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.
ALL EPISODES
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 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
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
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
Catch Bill on Sunday Mornings on WDEL 101.7 FM or 1150AM. We’ll discuss mortgage, refinance, questions from listeners, the current market, and more! Whether you are getting ready for the day or week ahead, we’ll give you a good outlook on things to expect when it comes to your future home.
Are you trying to purchase your first home? Get a load? Or refinance? Bill offers free 15-minute consultations for new clients. We’ll discuss more of the products and services he offers and how we can help you reach your homeownership goals!
ABOUT OUR HOST…
Bill Litton is a Regional President with LendUs®. He has helped clients buy their first home, understand their mortgage, and refinance their house. His experience and expertise has allowed him to learn the ins and outs of buying homes.Â
He’ll help you reach your homeownership goals!