How long is my Letter of Approval valid?
If the information you provide remains the same, the letter of approval will remain valid until you close your loan. If any of the information you provided changes, such as your income or debt, a re-evaluation will be required. We will also need your permission to re-evaluate your credit every 60 days to make sure nothing has changed.
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What does a mortgage lender consider when making a loan decision?
A mortgage lender generally looks at three areas:

• Income and Assets

• Debts and Credit History

• Property Information
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How much does it cost to get a loan decision?
It doesn't cost you anything for Pre-Qualification decision. You can expect to pay for an appraisal and credit report when you request a Pre-Approval Document.
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How long will it take to get my loan decision?
In most cases, you will receive a mortgage Pre-Qualification in minutes. Pre-Approval Documents take longer since the credit report is required.
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I already put earnest money down on the property. Is this included on the Good Faith Estimate?
Yes. Any earnest money paid is listed on the Good Faith Estimate.
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