Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

How long does a mortgage pre-approval last?

A mortgage pre-approval in Saskatoon typically holds for 90 to 120 days, with the quoted rate protected for that window even if rates move before you find a home. Joel Dyck, REALTOR® with Real Broker SK Ltd., routinely times a buyer's search to that window so the letter does not lapse mid-search.

The exact length varies by lender rather than by any single rule, so the number on your pre-approval letter is the one that governs, not a general industry figure. Some lenders offer a shorter rate hold with the option to renew, others a single longer window.

If your pre-approval lapses mid-search, the fix is simply going back to the lender to refresh it, which usually takes a day or two and may reset the rate to the current one if rates have moved.

Timing your pre-approval to roughly match how long you expect to shop avoids both a lapsed letter and a rate that locked in too early.

Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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