Why it's Important to Pre-Qualify

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It can be helpful to see a mortgage loan pro early, even before you have decided the sort of house to search for. What for? What can we do for you before you have made your offer, and don't know yet how much you need to borrow?

Pre-Qualify

We can help you determine how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. The process leads you through your financial situation - your debts, income, career, and cash available for down payment, among other things. It's quick and to the point; We take pride in keeping the paperwork to a minimum.

Once you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a "pre-qual").

Power in the Pre-Qual

Armed with your pre-qualification letter, some advantages fall at your feet once you find the home you want to make an offer for. The first is that you can know the amount you can afford when determining your offer. More important to the current home owner, your pre-qualification is like your having entered their house with a suitcase full of cash ready to purchase the home! They will not need to wonder if that they are wasting their time if you can't be able to qualify for a big enough mortgage. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. You have the capability to back your offer up.

We can help you pre-qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the size of loan you can qualify for. We will accomplish this by analyzing your income and debts, your work and housing circumstances, the funds available for down payment, required reserves, and other considerations. It's a quick, thorough process with minimal risks for papercuts.

Face to Face

You can always use the mortgage calculators here on this website to get an idea of how much mortgage you'll be able to afford - but it's also valuable to talk with one of our mortgage professionals. That way, we can help you get your pre-qualification letter. For another thing, we may find a different mortgage option that better fits your needs. 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.