Explain in your words the difference between these two concepts:
Prequalifying
Preapproval
How would you explain this to your principal (you represent the buyer) and convince them to do both?
2 answers
Since I'm not in your class, I assume your teacher wants YOUR words, not mine.
I hope you are 100% sure of what each of those words means. If not, be sure to look them up at http://www.onelook.com
Once you are clear on their meanings (and how they are different from each other), you should be ready to write your response.
Once you are clear on their meanings (and how they are different from each other), you should be ready to write your response.