Chatbot for Mortgage Calculation

Buying home loans is already a struggle and if we add into it calculating the monthly payments, it doubles the inconvenience. If you are a mortgage broker providing mortgage services to your potential customers which involves calculating the monthly payments for each of them, this mortgage calculator chatbot can kick out the possibility of poor customer service by automating the entire process. This digital concierge can make lead generation for mortgage brokers effortless since customers can have some common questions answered and don't need to fill a boring online form.

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Features and Benefits

  • The chatbot asks the customer to enter the price of the house (in $) they seek a mortgage for.
  • It asks them to enter the amount of down payment that they are comfortable with.
  • It asks them to enter the number of years for the loan tenure and the interest rate percentage.
  • It asks the customer if they would like to know whether they are eligible to get prequalified for the loan or not.
  • If the customer wants to know that, the chatbot asks them the type of mortgage they wish to take- refinance or purchase.
  • It asks them to enter their zip code and credit score.
  • It collects their name and email address to send them a detailed analysis of the monthly mortgage payments.
  • It eliminates the chances of errors in calculations.
  • Frequently Asked Questions

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