how long are home loan pre approval good for
If mortgage rates rise, you will qualify for less; if mortgage rates fall, you can qualify for more. But since mortgage rates change daily, even hourly, lenders often make the preapproval letter valid for a given period of time, sometimes up to 90 days. If the conditional commitment period has expired, but you havenât found a home you want to buy, youâll want to get an updated preapproval letter from the lender.