Saturday, March 9, 2024

How long does a mortgage pre-approval last?

Lenders provide a pre-approval letter for a mortgage, indicating the loan type and amount you're eligible for. It's crucial to apply before house hunting to understand your budget and act quickly when making an offer. Pre-approval lasts 30 to 90 days, and the process involves choosing lenders, gathering financial documents, and waiting for a response. Following dos and don'ts can improve your chances of approval.



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