Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago, 11/04/2019
Pre-Approval Letter Duration
I understand that a Pre-Approval letter is typically good for 60-180 days depending on the lender, however I feel I don't want to get pre-approved unless I find a great property.
Should I go ahead and get pre-approved and if I don't purchase in that timeframe then simply redo it or is there another way? I also don't want the credit score hit from multiple pre-approvals.
Looking forward to everyone's thoughts on this and TIA!