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What exactly is a committment letter from a mortgage company?
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avamamma
My Girl
Member since 7/06 3395 total posts
Name:
Tara
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What exactly is a committment letter from a mortgage company?
Does that mean the person "has" the mortgage???
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Posted 2/21/10 12:09 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Nik09
LIF Adult
Member since 5/05 1982 total posts
Name:
Nikole
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Re: What exactly is a committment letter from a mortgage company?
A commitment letter means that you have the loan as long as certain conditions are met.
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| Posted 2/21/10 1:22 AM |
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browneyes
All moms are working mothers!
Member since 8/08 4311 total posts
Name:
Super Mom
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Re: What exactly is a committment letter from a mortgage company?
YUp. You've been approved for the morage as long as the apprsial goes well~
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| Posted 2/21/10 9:13 AM |
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