Pre-Approval

K_J · ‎01-31-2012

I have finally decided to take the plunge, today I got a pre-approval today from a lender (broker) and it says on the letter that my pre-approval is good for 60 days, is this right/normal? I thought its good for 90 days, this is for a new construction, please feel free to give me your opinion

Starting Score: EQ: 532, EX: 569, TU: 621 (All lender pull 10/15/11)
Current Score: EQ: 648 Myfico 12/03/12, EX: 671 lender pull 3/11/13, TU: 663 (Myfico 9/6/12)
Goal Score: 700

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Cloudlb · ‎08-05-2010

Not sure if it's "normal" but I think each lender can set their own term.

tooleman694 · ‎08-25-2011

Depends on the lender, iv seen 60 to 90 days.

K_J · ‎01-31-2012

thanks for responding, I called the lender and he told me that they do not give 90 days, so Its base on broker

Starting Score: EQ: 532, EX: 569, TU: 621 (All lender pull 10/15/11)
Current Score: EQ: 648 Myfico 12/03/12, EX: 671 lender pull 3/11/13, TU: 663 (Myfico 9/6/12)
Goal Score: 700

Take the FICO Fitness Challenge

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Pre-Approval

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