Commitment letter
What is Commitment letter?
A formal offer by a lender stating the terms under which it agrees to lend money to the purchaser of real estate or as part of a refinance. Also known as a "loan commitment" or "mortgage loan commitment."
A formal offer by a lender stating the terms under which it agrees to lend money to the purchaser of real estate or as part of a refinance. Also known as a "loan commitment" or "mortgage loan commitment."
Foreclosure.com Advantage:
At Foreclosure.com, we are driven by a mission — to streamline the journey of finding and purchasing distressed properties for our users across the nation. We understand both the challenges and opportunities presented by the real estate market. So learning is an essential part of investing and we equip you with tools and knowledge through how-to videos, insights from local area experts, and state-specific legal information. These resources are designed to empower you with the knowledge to make informed decisions, whether you're a first-time buyer or seasoned investor.
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