Why Pre-Qualification is Important

Are you looking for a new mortgage loan? We'd be thrilled to talk about our mortgage offerings! Give us a call today at (816) 525-8000 & (81. Ready to get started? Apply Online Now.

Even if you've not picked out homes to visit yet, it's advantageous to visit with your mortgage professional early. Why? If you do not yet know how much home you need to qualify for, how could we help?


When we pre-qualify you, we help you determine the amount in mortgage payments you can fit in your budget, and the loan amount you will qualify for. During the process, we calculate your borrowing potential - reviewing your employment, money available for down payment, debts, income, and other circumstances. We require a minimum amount of paperwork, and avoid a lengthy process.

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

Pre-Qualification Power

Armed with your pre-qualification letter, several advantages fall at your feet once you find the house you want to make an offer for. First, it helps you know the amount that you can offer. Even more important to the seller, your pre-qualification letter gives them confidence - as if you had come into their home with a big box of cash to back up the offer! They won't need to wonder if that they're wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't 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 will help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. We will do this by considering your income and debts, your employment and housing situations, the funds available for down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.


It's vital to sit down and meet with us, even though you are free to also try the helpful mortgage calculators on this site. For one thing, you will need a Pre-Qualification Letter! Next, we can review your loan options to be sure you are in the right one. We are waiting to hear from you: call 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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