Hedge funder Scott Bommer, of SAB Capital, is in contract to sell three Lily Pond Lane properties in the Hamptons for $110 million in an off-market deal, The Post has learned.
A pre approval is based on the documentation the borrower supplies at the time of application, and any actual eligibility to receive the pre approved loan depends on the terms and conditions of the pre approval and ability to secure the loan before the pre approval expires.
How Long Does Pre-Approval Take To Get Issued? A mortgage loan originator can issue a pre-approval letter as soon as they get at least three items from the mortgage loan applicant: Two years tax returns, two years W-2s, and most recent paycheck stubs.