When to Speak to a Mortgage Professional About Pre-Qualifying

Shopping for a mortgage? We'll be glad to discuss our mortgage offerings! Give us a call today at 4056158543. Ready to begin? Apply Here.

It's valuable to visit with a mortgage loan pro first, even before you have decided what sort of house you hope to find. What for? If you do not yet know how much house you need to qualify for, how could we help?

Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly payments you can afford, and how much we of a loan you will qualify for. We will do this by considering your income and debts, your work and housing situations, your funds available for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.

At the point you are determined to be eligible, we will prove our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

When you locate the house that catches your eye, and you decide to put together an offer, being pre-qualified for a mortgage loan will do a number of things. The first is that you'll be sure the amount you can afford when determining the offer. Even more important to the seller, your pre-qualification status gives them confidence - as if you had arrived at their house with a suitcase of cash to back up the offer! They won't need to worry that that they have been wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.

We will help you with your pre-qualification

We can help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. In the process, we look at your borrowing power - analyzing your employment, available money for down payment, debts, income, and other areas. It is a quick, thorough process with minimal risks for papercuts.

One-on-One

You can certainly use the calculators here on this website to calculate how much mortgage you'll be able to afford - but it's also essential to talk with one of our mortgage professionals. We can work toward your pre-qualification letter. Then, we will make sure we have the right mortgage loan program for you. Let us get you started: Contact us at 4056158543.

Have questions about pre-qualifying? Call us at 4056158543. It's our job to answer pre-qualification questions, so we're happy to help!


Executive Lending Group

A Division of 1st Capital Mortgage LLC

2401 Tee Circle, STE 102B
Norman, OK 73069