Mortgage pre-qualification is one of the first steps in the mortgage process. You supply your overall financial picture, including your debt, income, and assets. After evaluating this information, a lender can give you an idea of what you can afford as a homebuyer. Pre-qualification can be done in consultation with a loan officer and typically requires minimal documentation. However, it is not a guarantee that you will receive financing.
Click on the link to find more information on getting your mortgage pre-qualified.