Why Pre-Qualification is Important

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It's valuable to visit with a mortgage loan pro early, even before you have decided what sort of house to search for. What for? What can we do for you before you have negotiated an amount, and don't know yet how much you need to borrow?

Pre-Qualify

We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. The process leads you through your current financial situation - your debts, income, job, and down payment money, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.

We give you a Pre-Qualification Letter once you qualify, which states that we are confident you'll qualify for up to a predetermined amount of mortgage loan dollars.

Buying Clout

Once you locate a house that is right for you, and you want to put together an offer, being pre-qualified for a mortgage will do several things. First, it lets you know how much you're able to offer. Of greater importance to the current home owner, your pre-qualification is like your having entered their front door with a bag full of money to make the deal! They will not need to wonder if they have been wasting their time if you don't be able to qualify for a big enough mortgage. The seller won't worry if he can count on 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 decide the amount you can afford in monthly payments you can afford, and the loan amount you can qualify for. This process outlines your current financial situation - your debts, income, employment, cash available for down payment, among other things. It's short and to the point; and we keep the paperwork to a minimum.

One on one

While you are able to benefit from our mortgage calculators on this website, it will be a good idea to meet with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. For another thing, we might be able to find a different mortgage loan option that is a better fit for you. We are waiting to hear from you: contact us at (405) 822-1957.

Have questions about pre-qualifying? Call us at (405) 822-1957. Executive Lending Group answers pre-qualifying questions every day.