Most pre-approvals are valid for 60 to 90 days. However, that does not mean your numbers are frozen. If interest rates move significantly or your income or debts change, your qualification can change. Pre-approval is based on a snapshot in time. If your home search stretches out, expect to update pay stubs and bank statements. That’s normal. The key is to keep your financial profile stable while shopping. If your credit, income, and available cash are the same, and market interest rates are stable, your ability to get approved does not expire.
Please consult your Mortgage Advisor for guidance specific to your situation before making changes.
