The Importance of Pre-Qualifying
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Even if you have not so much as picked out houses to visit yet, it's important to visit with your mortgage pro first. Why? Maybe it is hard to fathom the ways we could help even before you start to talk about prices and negotiations.
We Will Help You Pre-Qualify
We will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We can accomplish this by considering your income and debts, your work and housing circumstances, the available funds for a down payment, required reserves, and other financial considerations. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
We will give you a Pre-Qualification Letter when you qualify, that documents that we are confident you can qualify for up to a predetermined amount of mortgage loan dollars.
After you locate a house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage will do several things. First, you have some definite numbers in mind, as the total you will qualify for on your loan.
More important to the existing home owner, your pre-qualification is like your having walked into their house with a bag full of cash ready to make the deal! They won't need to worry that they have been wasting their time if you don't have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back your offer up.
We help with your pre-qualification
We will help determine how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. We accomplish this by analyzing your debts and income, your employment and residence circumstances, your funds available for a down payment, required reserves, and other considerations. It's a quick, thorough process with minimal risks for papercuts.
One on one
It is important to sit down and meet with us, even though you are free to also utilize the helpful mortgage loan calculator tools on our website. For one thing, you will need a Pre-Qualification Letter! Next, we can consider your loan choices and make sure you are in the best one. Contact us at 4056158543 to get started.
Have questions about pre-qualifying? Call us at 4056158543. Executive Lending Group answers pre-qualifying questions every day.