So how do you pre-qualify for a home loan? What does the prequalification process involve? You might be surprised by the simplicity of it all. Basically, you just give us your name, phone number, and some basic information about your financing plans. After that, we will contact you for more information, such as your income and debt situation. Based on all of this, we will give you a general idea of how much you can borrow. Or we’ll tell you that a home loan is beyond your reach right now. Either way, you have moved the process forward.