The Importance of Pre-Qualification
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Even if you haven't picked out houses to visit yet, it's important to contact your mortgage loan professional early. What for? When you do not know yet how much home you need to qualify for, how could we help?
We Will Help You Pre-Qualify
Our mortgage professionals can help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. The process outlines your current financial situation - your debt, income, career, and down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
Once you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are working with you to find the best mortgage loan program to meet your needs and that we're confident you'll qualify for a mortgage loan for up to a certain amount.
When you locate the house that is best for you, and you want to make an offer, being pre-qualified for a mortgage loan will do a couple of things. The first is that you will be sure the amount you'll be able to afford when determining the offer.
Having pre-qualification will also make your offer more attractive to the home seller, like you were bringing them a big box of cash! They won't need to be concerned they are wasting their time if you will not be able to qualify for a big enough mortgage. The seller won't worry if he can 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 have the ability to back your offer up.
We help with your pre-qualification
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. This process outlines your current financial situation - your debt, income, employment, down payment money, among other things. It's quick and to the point; and we keep the paperwork to a minimum.
It's vital to sit down and talk with us, even though you are free to also use the helpful mortgage loan calculator tools on this website. That way, we'll be able to help you get your pre-qualification letter. Next, we can study your mortgage choices to make sure you are in the right one. We are waiting to hear from you: contact us at (816) 525-8000.
Have questions about pre-qualifying? Call us at (816) 525-8000. Executive Lending Group, LLC answers pre-qualifying questions every day.
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