The Importance of Pre-Qualification

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It can be helpful to see a mortgage professional early, even before you've decided what type of house you hope to find. Why? Perhaps it's difficult to fathom the way we can help even before you begin to negotiate.

We Can Help You Pre-Qualify

We can help you find out the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. During this process, we explore your capacity to borrow - reviewing your job, money available for down payment, existing debt, income, and other areas. We will require a minimum amount of paperwork, with a short,basic process.

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

Buying Clout

After you locate a house that is ideal for you, and you decide to put together an offer, being pre-qualified for a loan will do several things. First of all, you have some concrete numbers in mind, as the amount you can borrow. Even more important to the seller, your pre-qualification status gives them confidence - as if you'd come to their house with a bag of cash to back up the offer! They need not worry that they are wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not be something for them to be concerned about. They have a virtual guarantee that they can trust your buying power.

We will help you with your pre-qualification

Our mortgage professionals will help you calculate the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. During the process, we determine your borrowing power - looking at your job, money available for down payment, existing debt, income, and other circumstances. It's quick and basic; and we take pride in keeping the paperwork to a minimum.

Face to Face

While you are able to use our mortgage calculators on this site, it's essential to sit down and talk with one of our mortgage professional team members. We can work toward your pre-qualification letter. Then, we can make sure we have selected the best mortgage loan program for you. Let us help you get started: Contact us at 4058634122.

Have questions about pre-qualifying? Call us at 4058634122. Executive Lending Group answers pre-qualifying questions every day.