Pre-Approvals and Pre-Qualifications
Both can help estimate the funding amount that you will likely receive in the labeled offer. This can help you save time by starting your funding search by looking only at offers that you know fit within your desired range.
The difference is based on the amount listed in the offer.
Pre-qualification offers list an amount of funding you've qualified based on application information.
This means the amount is likely within a range and will have a prefixed "up to" in front of the amount.
Pre-approval offers list the amount of funding you've been approved for based on application information.
This means the amount is the exact amount approved for.