How long does a Pre-Approval Mortgage last?

Author: Boychuk Mortgage Group |

A Pre-Approval Mortgage typically remains valid for a specified period, often between 60 to 120 days, depending on the lender's policies. During this time, the interest rate and mortgage terms quoted in the Pre-Approval are guaranteed, allowing you to shop for homes within your budget without worrying about rate fluctuations. If your home search extends beyond the Pre-Approval period, you may need to renew or update your Pre-Approval to reflect current rates and financial information.