Testimonials

"The residential mortgage industry is a very competitive market. As a commercial banker I know that a residential loan is viewed a commodity in the marketplace. The only variables are price and service, but at the end of the day a mortgage is just a mortgage.

Over the years I have worked with many residential brokers that have offered various levels of service. Their level of professionalism directly reflects on my name. When my clients are looking for a fast, easy solution to purchase or refinance a home, I send them to 800775LOAN.com. It is the nontraditional approach to the mortgage lending market that makes them the simplest solution. My borrowers fill out an online application, at their leisure, and then the request is followed up with a phone call from a knowledgeable professional for any other issues. It is really that easy.

The service has been outstanding and my clients thank me. I would tend to think that this level of service comes at a cost, but the rates are extremely competitive and they have been able to find financing for the toughest borrowers. There proprietary model not only streamlines the application process, but it solves many of the inefficiencies in the marketplace. There business will be the wave of the future in residential lending and it makes my job easier, knowing that I can make one phone call to fill any of my client's residential mortgage needs."

- Ryan F
VP of Fortune 500 Business Bank

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Loan Prequalification Calculator

Loan Prequalification Calculator

Loan Prequalification Calculator

Use this calculator as your first step in determining your ability to qualify for a loan. While this calculator can't guarantee you will qualify for your new loan, it is a good check point to see if it is within your means.

Loan Prequalification Calculator
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Definitions

Loan amount

Total amount to be taken for this loan.

Interest rate

Annual interest rate for this loan.

Loan term

Number of years for this loan's term.

Total annual after tax income

Your total after tax income for the current year from all sources of income from all borrowers on this loan.

Number of income sources

Number of income sources from all borrowers. The more income sources you have, the better your ability to qualify for your new loan.

Existing monthly debt payments

This is your total monthly debt payment for existing loans that will not be paid off by this new loan. Do not include any credit card payments in this amount. Include debt payments for all borrowers on this loan.

Credit card limit

Your current total credit card limit. This is the total limit of your credit cards, not your outstanding balance. Include the credit cards from all borrowers on this loan.

Number of dependants

Total number of dependants. This number does not include the borrowers.

Real estate that will secure this loan

Total value of the equity you have in real estate that will secure this loan. If you already have a loan secured by the same real estate you are using for this loan, make sure to only enter the equity you have in that real estate.

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