There are no forms to fill out. We never require you to give any personal information to any mortgage loan officer. Reduce the hassle of getting answers to your mortgage loan questions by connecting, live, with one of our qualified mortgage professionals today!
Why chat with a mortgage professional before house hunting?
The most important step in purchasing a home, before you even begin to look at them, is to determine what you can afford.
The best real estate agents you work with are going to ask if you’ve been “pre-qualified” for a loan to purchase a home. This helps them to determine the price range you can afford to be shopping in and gives you confidence that, when you find that perfect home, there won’t be any obstacles with obtaining the loan you need to make that big purchase and you can move quickly with an offer before someone else does.
When a LoanChatLive mortgage professional pre-qualifies you, they help you determine how much of a monthly mortgage payment you can afford, and how much they can loan you. They do this by considering your income and debts, your employment and residence situations, your available funds for down payment and required reserves.
Once you qualify, the LoanChatLive mortgage professional will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that you are working with a mortgage professional to find the best loan to meet your needs and that they're confident you'll qualify for a loan for a certain amount.
When you find a house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage will do a couple of things: First, it lets you know how much you can offer. Your real estate agent will help you decide on an appropriate offer, but being pre-qualified gives you the confidence to know you can follow through.
Second, and more powerful, to a home seller, your being pre-qualified is like you walked into their house with a suitcase full of cash to make the deal! They won't have to wonder if they're wasting their time with you. You have the clout of a buyer ready to make the deal right now! You can always use the calculators available on our site to get an idea of how much mortgage you can afford -- but it's important to chat with us to thoroughly understand all of the nuances for becoming a “qualified” buyer.
