How long does mortgage pre-approval last?
Quick Answer
Short answer: Most rate holds last 90–120 days; renew if you shop longer.
Detailed Explanation
Banks and brokers lock your interest rate for roughly four months, protecting you if rates rise. A new job, changed credit, or new debt can void the pre-approval, so avoid big purchases and keep pay stubs handy.
- Ask your broker to 'float down' if rates fall
- Expired pre-approvals usually need fresh documents
- New construction may need multiple extensions
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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