Why Pre-Qualification is Important

Shopping for a mortgage? We will be glad to help! Call us at (816) 525-8000 & (81. Ready to begin? Apply Now.

It's helpful to bring in your mortgage professional as soon as possible — even before you have begun narrowing down neighborhoods. Why? What can we do for you if you have not made an offer, and don't yet know the amount you need to borrow?

Pre-Qualify

We will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We accomplish this by considering your income and debts, your work and housing circumstances, the available funds for down payment, required reserves, and some other things. It's short and basic; We take pride in keeping the paperwork to a minimum.

After you are considered eligible, we document our confidence in your potential to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").

Power in the Pre-Qual

Some advantages open to you once you've found your dream house, and have pre-qualification power. First, you have some general numbers in mind, as the amount you will qualify for on your mortgage loan. Even more important to the seller of the house, your pre-qualification gives them certainty - as if you had arrived at their house with a bag of cash to make the offer! They will not have to wonder if they are wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. You'll have the sway of a buyer ready to make the purchase right now!

We help with your pre-qualification

We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by taking you through the pre-qualification process. We can do this by analyzing your income and debts, your work and residence circumstances, the funds available for down payment, required reserves, and some other things. It's short and basic; and we take pride in keeping the paperwork to a minimum.

One-on-One

You can certainly use the mortgage calculators on this site to calculate how much mortgage you can afford - but it's also important to talk with one of our mortgage professionals. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have the right mortgage program for your situation. We are waiting to meet with you: contact us at (816) 525-8000 & (81.

Have questions about pre-qualifying? Call us at (816) 525-8000 & (81. Executive Lending Group, LLC answers pre-qualifying questions every day.

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