Many potential homebuyers face the challenge of not having ample funds to buy a property of their choice. While a majority are dependent on loans, it is not necessary that a homebuyer would be sanctioned a loan amount of their choice. Hence, homebuyers are suggested to get a pre-approved home loan.
However, at times, pre-approved and pre-qualified, are two such terms that are confusing for many.
Here’s a information on how the two are different