How Long Does My Pre-Approval Last For?

Most mortgage pre-approvals are good for 120 days from the time of submission. Our team also works closely with unique lenders that will offer a rate hold for up to 6 and even 12 months. Holding today’s best rate will ultimately protect you should rate rise while you search for your new home.
Because your rate hold has an expiry, if you complete on your purchase or refinance after your 120-day window, you will be subject to a new rate. Given you don’t increase any debt or change your job in those 120 days, it’s as simple as updating your documents at time of approval.