How Long Is My Pre-Approval Good For?
By Rob Spinosa, Mortgage Loan Originator, Marin County
(US Bank)
How Long Is My Pre-Approval Good For? If you're like me, you probably find that there are some recurring instances in your day-to-day interactions that make you realize what is obvious to you may not be so obvious to those you serve. A question I get frequently from those shopping for a home and going through the process of mortgage pre-approval is, "How long is my pre-approval good for?" And yes, even in 2015, where the CFPB has held our industry's feet to the fire in an attempt to shoehorn inherently complex transactions into consumer experiences that are simple, black and white and devoid of any twists and turns (and thus completely the material of fantasy), I must submit that the answer to the question still is, "It depends." But even if there are going to be different answers ...
Comments
18