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.
On average pre approval letters are valid for 90 days but this can vary by lender. Even though It may not be as strong as underwriter approved, a realtor will request it before showing you any homes. Pre approval letters are renewable but beware this may involve another credit pull - maybe not. The bottom line - you need one to see homes and to submit an offer on the home you intend to buy. Don't worry about he expiration date as much because you can always get it renewed when you're ready to submit an offer.