|
What is a commitment letter
| Posted By |
Message |
|
|
What is a commitment letter
does it mean you are approved?
|
Posted 6/13/06 10:14 AM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
kaklesmay
Love my baby boy!
Member since 9/05 1151 total posts
Name:
Kim
|
Re: What is a commitment letter
It means that if all the contingencies of the mortgage (verification of income, etc.) that are specified are met, you have a solid mortgage and the terms can not change.
It doesnt mean you need to close with it, but its yours if you choose to.
|
| Posted 6/13/06 10:24 AM |
| |
|
|
|
Re: What is a commitment letter
Is it normal for the contingencies to change a lot betweent the preapproval and the letter?
|
| Posted 6/13/06 2:12 PM |
| |
|
Potentially Related Topics:
Currently 236038 users on the LIFamilies.com Chat
|
