Pre-sanctioned home loans look attractive, but they don't suit everybody

"For a house-hunter, the second biggest hurdle after zeroing in on the dream home is obtaining a home loan. How would you like it if you have the loan in your pocket even before you approach the developer to negotiate? Banks and housing finance companies offer pre-approved home loans even before the borrower decides on the property. While this sounds inviting, there may be some not-so-exciting features that you should be aware of. "