Why it's Important to Pre-Qualify

	Looking for a loan? We'd be thrilled to talk about our many mortgage solutions! Call us at 4058634122. Want to get started? Apply Online Now.

Even if you haven't so much as narrowed down houses to visit yet, it's valuable to see your mortgage loan professional early. Why? How can we help you if you haven't made an offer, and do not yet know the amount you want to borrow?

Pre-Qualify

When we pre-qualify you, we help you find out the amount in monthly payments you can fit in your budget, and the loan amount you can qualify for. During this process, we calculate your borrowing power - analyzing your job, money available for down payment, debt, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.

Once you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that says that we are helping you to find the best loan to fit your financial needs and that we're confident you'll qualify for a loan for a certain amount.

Buying Power

Once you find the house that meets your needs, and you decide to make an offer, being pre-qualified for a loan will do several things. First of all, you have some general numbers in mind, as the total you will be able to borrow. Having pre-qualification will also make your offer more attractive to the home seller, as if you were bringing them a big box of cash! They need not worry that that they are wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not cause them concern. You will have the clout of a buyer ready to make the purchase on the spot!

We help with your pre-qualification

When we pre-qualify you, we help you figure out the amount you can afford in monthly payments you can fit in your budget, and the loan amount you will qualify for. We will achieve this by reviewing your debts and income, your employment and residence circumstances, the funds available for down payment, required reserves, and other considerations. We require a minimum amount of paperwork, with a quick process.

One-on-One

It is vital to sit down and talk with us, even though you are welcome to also try the helpful mortgage loan calculators on this website. That way, we'll help you get your pre-qualification letter. Next, we can review your mortgage choices and be sure you are in the right one. Contact us at 4058634122 to get started.

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