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.
With a pre-approval in hand you can start your shopping-real estate agents and sellers will take you much more seriously when they see you have your mortgage funding in place. It is important to understand, however, that even a pre-approval is not a guarantee that you will be approved for a mortgage loan. The funding will only be given when the property appraisal, title search, and other verifications check out on the home you have chosen to buy.