Why Pre-Qualification is Important

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It's helpful to see a mortgage professional first, even if you haven't decided the sort of house to search for. Why? How can we help you if you have not negotiated a price, and do not know yet the amount you need to borrow?


When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. The process outlines your finances - your debt, income, job, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a quick process.

When you are determined to be eligible, we prove our confidence in your capacity to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").

Buying Clout

Holding your pre-qualification letter, a number of advantages fall at your feet when you locate the house you want to put together an offer for. First, it helps you know the amount that you can offer. Even more important to the seller, your pre-qualification status gives them confidence - as if you'd arrived at their house with a big box of cash to back up the offer! They need not worry that that they have been wasting their time if you will not be able to qualify for a big enough mortgage. The seller won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount won't be something for them to worry about. You have the capability to back up your offer.

We will help you with your pre-qualification

We can help you find out how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. This process takes you through your current financial situation - your debts, income, career, cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.


You can always use the calculators here on our site to calculate the size mortgage you can afford - but it's also important to meet with one of our mortgage professionals. That way, we'll be able to help you get your pre-qualification letter. For another thing, we might be able to find a different mortgage loan option that better fits your needs. We're waiting to meet with you: contact us at (405) 615-8543.

Have questions about pre-qualifying? Call us at (405) 615-8543. We answer pre-qualification questions every day.

Executive Lending Group

A Division of 1st Capital Mortgage LLC

2401 Tee Circle, STE 102B
Norman, OK 73069