What does pre-qualification imply for Sam and Lisa in relation to their loan application?

Pre-qualification implies that Sam and Lisa have provided some information about their financial situation, such as income, assets, and debts, which a lender has reviewed to give an initial assessment. This assessment suggests that they have a good chance of securing the loan if they can verify the accuracy of that information.

It's important to note that pre-qualification does not guarantee loan approval; it merely provides a preliminary estimate of their borrowing capacity based on self-reported information. Verification and additional steps are required for actual loan approval. Therefore, while they receive positive feedback regarding their potential eligibility, other factors will influence the final loan decision.