Rating Newest Oldest. Best Answer: Well it depends. Sometimes a Midwife will deliver the baby, an OB/GYN, or if the doctor (The OB/GYN) isn't available or doesn't arrive in time a nurse will do the delivery. I'm sure what you're thinking about is one of the first two.
Generally speaking, a preapproval letter is valid up to 90 days. Such letters can be valuable in a real estate transaction, as they indicate that the lender would probably approve your loan application, assuming your financial situation doesn't change for the worse during the three-month period.
Buyers can avoid this time drain by obtaining a mortgage pre-approval letter, something many sellers require along with an offer. And remember, even with a pre-approval, it can take 30 days for the lender to complete its due diligence once an offer is made, so plan accordingly. Cash buyers save a significant amount of time by avoiding the mortgage process. Appraisal disparities: In order for a mortgage to be approved, the bank needs to appraise the home. But if the appraisal comes in low, it will take time to renegotiate the price.