How long is a pre-approval good for? And what happens if you don't find a home within that time frame? Do you have to go through all the paperwork again? I keep putting off getting pre approved b/c I know it's going to take us a while to find what we want and I don't want to just settle for s/t. Thanks for the help!
When we were preapproved, I think it was good for like 3 months or something (I think it varies by company). Our broker said that if we didn't get anything w/i that time frame, we could renew or extend it. I don't remember if they sent us a thing that mentioned it was coming due or if we had to contact them, but it sounded like it wasn't too difficult. I think they ask for more recent info as far as pay stubs and bank stuff to make sure your situation hasn't changed drastically.
