The Importance of Pre-Qualifying

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It is important to see a mortgage loan pro first, even if you haven't settled on what sort of home you hope to find. What for? Perhaps it is hard to fathom how we could help even before you begin to calculate your offer.

Pre-Qualify

We will help determine how much of a mortgage you can afford, and the amount of money you will be able to borrow, by walking you through the pre-qualification process. In the process, we look at your borrowing power - reviewing your job, money available for down payment, debts, income, and other areas. It's short and to the point; We keep the paperwork to a minimum.

After you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are helping you to find the ideal mortgage to meet your needs and that we're confident you'll qualify for a loan for up to a specific amount.

Pre-Qual Power

Several beneifits open to you after you find your dream house, and have pre-qualification. First, it lets you know how much you're able to offer. More important to the existing home owner, your pre-qualification is like your having walked into their front door with a bag full of cash ready to purchase the home! They need not wonder if they are wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to worry about. They have a virtual guarantee to trust your ability to back up your offer.

We can help you pre-qualify

When we pre-qualify you, we help you find out the amount you can afford in mortgage payments you can afford, and how much we of a loan you can qualify for. This process outlines your current financial situation - your debts, income, job, cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

One on one

You can certainly use the mortgage calculators available on our site to calculate the size mortgage you'll be able to afford - but it's also important to meet with us. That way, we can help you get your pre-qualification letter. Next, we can review your mortgage choices and make sure you are in the best one. We're eager to meet with you: contact us at 4056158543.

Have questions about pre-qualifying? Call us at 4056158543. Executive Lending Group answers pre-qualifying questions every day.