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How Do I Get Pre-Approved for a Mortgage? – Mortgage pre-approval letters are typically valid for 60 to 90 days. Lenders put an expiration date on these letters because your finances and credit profile could change.. estimated closing.
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Is there a cost associated with mortgage pre approval letter. – There should be no cost for the pre-approval itself. However, since a true pre-approval involves applying for a mortgage loan and your application going through the underwriting process, any particular may be charging there usual fees that they collect whenever someone applies for a loan.
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Pre-Approval – A pre-approval is a preliminary evaluation. To obtain a pre-approved loan a borrower must complete a credit application for the specific product. Some lenders may charge an application fee which.