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.
When Things Go Wrong With Your Mortgage. Mortgage approvals take time. In a typical home loan market, 45 days is normal time frame. The time to get an approval, though, can change based on the market environment or how complicated a loan might be. For example, when mortgage rates are low and there's a refi boom on-going, closing on a loan take as long as two months.