Shopping for a mortgage loan? We'll be glad to discuss our many mortgage solutions! Give us a call today at (816) 525-8000 in the Kansas City, MO area or (636) 435-2300 in ST Louis & Lake of the Ozarks area. Want to get started? Apply Here.
It is helpful to visit with a mortgage loan pro early, even if you haven't decided what sort of home you hope to find. Why? It may be hard to fathom the ways in which we could help even before you start to talk about prices and negotiations.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. This process outlines your financial situation - your debt, income, career, and cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
At the point you are considered eligible, we prove our confidence in your capacity to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
A number of advantages open to you once you have found your new house, and have achieved pre-qualification power. First, you have some general numbers in mind, as the total you will be able to borrow.
Your pre-qualification can also make your offer more attractive to the seller, like you were bringing them a big box of cash! They will not need to wonder if they have been wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. You have the ability to back up your offer.
We will help you pre-qualify
Our mortgage professionals will help you find out the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. In the process, we look at your borrowing capacity - analyzing your earning status, money available for down payment, debt, income, and other areas. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.
One on one
You can certainly use the calculators here on our website to get an idea of how much mortgage you can afford - but it's also important to meet with one of our mortgage professionals. That way, we can help you get your pre-qualification letter. Next, we can review your mortgage options and make sure you are in the best one. We're eager 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.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.