Yes, Pre-qualification is the result of a basic review of your finances. Whether you are purchasing a home or refinancing your current home, getting pre-qualified is a must.  Looking at the information you provide, we are able to give you an idea of the type and size of loan that you may qualify for. Whether you are ready to begin the purchase process, or not, this is a valuable step in understanding the cost of potential homes you should shop for as well as how to manage and reorganize your finances for long term success.