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 you get pre-approved for your loan, your lender usually allows you to lock the interest rate for between 45 and 60 days. If the appraisal and title search drag on, the lock may expire before you can close on your home. If rates have risen in the interim, you may not qualify for the loan if the new rate results in a payment you can't afford.