When to Speak to a Mortgage Professional About Pre-Qualifying

	Searching for mortgage advice? We'll be glad to answer your questions about your mortgage needs! Give us a call at 8165258000. Ready to begin? Apply Now.

It's valuable to see a mortgage professional first, even if you haven't settled on the sort of home you hope to find. What for? If you don't yet know how much home you want to qualify for, what can we help you with?

We Will Help You Pre-Qualify

We will help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through pre-qualifying. During this process, we explore your borrowing capacity - looking at your employment, available money for down payment, debts, income, and other areas. We require a minimum amount of paperwork, with a short,basic process.

After you qualify, we give you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which states that we are partnering with you to find the right loan program to fit your needs and that we're confident you will qualify for a mortgage loan for a certain amount.

Buying Clout

Holding your pre-qualification letter, some advantages are yours once you find the house you want to put together an offer on. First, it helps you know the amount that you can offer. Of greater importance to the home seller, your pre-qualification is like your having walked into their house with a bag full of cash to purchase the house! They won't have to worry that that they are wasting their time if you won't be able to be able to qualify for a big enough mortgage. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to lose sleep over. You have the capability to back your offer up.

We will help you pre-qualify

We will help you find out the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. In the process, we look at your capacity to borrow - analyzing your earning status, money available for down payment, debt, income, and other areas. We will ask for a minimum amount of paperwork, with a quick process.

Face to Face

You can always use the mortgage calculators here on this site to get an idea of how much mortgage you will be able to afford - but it's also important to meet with one of our mortgage professionals. We can begin working on your pre-qualification letter. For another thing, we might locate a different mortgage loan option that fits your situation better. Contact us at 8165258000 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 8165258000. Executive Lending Group, LLC answers pre-qualifying questions every day.