Why it's Important to Pre-Qualify

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Even if you haven't so much as researched houses to visit yet, it is advantageous to see your mortgage pro first. Why? When you don't yet know how much house you need to qualify for, what could we help you with?

Pre-Qualify

When we pre-qualify you, we help you decide the amount in monthly mortgage payments you can afford, and the loan amount you can qualify for. We achieve this by reviewing your income and debts, your employment and housing circumstances, the available funds for a down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.

When you qualify, we present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are working with you to find the best loan to meet your financial needs and that we're confident you will qualify for a mortgage up to a specific amount.

Pre-Qualification Power

Armed with your pre-qualification letter, some advantages fall at your feet when you find the home you want to make an offer for. First, you have some definite numbers in mind, as the amount you can borrow. Your pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a bag full of cash! They won't have to worry that that they're wasting their time if you won't be able to be able to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.

We will help you pre-qualify

Our mortgage professionals can help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. In the process, we determine your ability to borrow - analyzing your employment, available money for down payment, debts, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.

One-on-One

You can certainly use the calculators on this site to get an idea of how much mortgage you'll be able to afford - but it's also important to talk with us. For one thing, you will need a Pre-Qualification Letter! For another thing, we may locate a different mortgage loan option that is a better fit for you. Let us get you started: Contact us at 4058634122.

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