Why Pre-Qualification is Important

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It is helpful to consult your mortgage professional early — even before you have begun narrowing down neighborhoods. What for? If you do not know yet how much house you want to qualify for, what could we do for you?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly mortgage payments you can afford, and the loan amount you will qualify for. This process outlines your finances - 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 light.

After you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which documents the fact that we are working with you to find the right mortgage loan to fit your situation and that we're confident you'll qualify for a loan for a certain amount.

Buying Clout

After you find the house that is ideal for you, and you want to make an offer, being pre-qualified for a mortgage loan will do several things. First, it lets you know how much you're able to offer. More important to the existing home owner, your being pre-qualified is like your having entered their front door with a suitcase full of cash to make the deal! They need not wonder if that they have been wasting their time if you can't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back your offer up.

We will help you with your pre-qualification

Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We accomplish this by considering your debts and income, your work and housing circumstances, the funds available for down payment, required reserves, and other financial considerations. It is a quick, thorough process with minimal risks for papercuts.

One on one

It is vital to sit down and meet with us, even though you are free to also try the helpful mortgage calculators on our website. That way, we'll help you get your pre-qualification letter. For another thing, we may locate a different mortgage choice that fits your goals better. We're waiting to meet with 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.