Why Pre-Qualification is Important
In the market for a new mortgage? We will be glad to help! Give us a call at (816) 525-8000 & (81. Ready to begin? Apply Here.
Even if you've not so much as researched houses to view yet, it's important to see your mortgage loan professional early. What for? What can we do for you before you have made your offer, and don't know yet how much you need to borrow?
Our mortgage professionals will help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. We accomplish this by reviewing your debts and income, your work and residence circumstances, your funds available for down payment, required reserves, and some other things. It's quick and to the point; We keep the paperwork to a minimum.
After you are determined to be eligible, we will prove our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Some beneifits open to you after you've found your dream house, and have pre-qualification power. The first is that you can be sure what you'll be able to afford when putting together your offer.
Having pre-qualification also will make your offer more attractive to the seller, as if you were bringing them a suitcase full of cash! They will not have to wonder if they're wasting their time if you do not have the ability to qualify for a big 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 will not be something for them to lose sleep over. You have the capability to back up your offer.
We can help you pre-qualify
When we pre-qualify you, we help you figure out the amount you can afford in monthly payments you can fit in your budget, and how much we of a loan you can qualify for. This process outlines your current financial situation - your debt, income, employment, down payment money, among other things. It's short and basic; and we take pride in keeping the paperwork light.
Face to Face
You can always use the mortgage calculators available on this website to get an idea of how much mortgage you will be able to afford - but it's also essential to talk with us. That way, we'll be able to help you get your pre-qualification letter. Then, we'll make sure we have selected the right mortgage loan program for you. Let us get you started: 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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