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  • Thrive Mortgage Co.


Our team gets this question all the time.

A pre-approval can last, typically, as long as you don't change your personal financial situation and the lending guidelines don't change. A pre-approval can go on for a year!

A pre-approval is commonly mixed between a rate hold and a qualification. Typically, a bank or lender will hold an interest rate between 90-120 days. so of course, we would make sure to stay in touch with you if it takes longer than that to keep you approved.

Every 90-120 days we would re-update your situation and extend your rate hold. If you keep your income the same, there's no changes to your employment, your down payment stays the same or is better, you haven't taken on any new debt, then you can continue to be pre-qualified with our team.

if you have any more questions, reach out to us!

How to Reach US! 📲

Call 604.398.5575 or Email us!

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