Conditional Commitment
A Conditional Commitment is a preliminary agreement issued by a lender or other approving authority that indicates approval is likely, provided specific requirements are satisfied.
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A Conditional Commitment is a preliminary agreement issued by a lender or other approving authority that indicates approval is likely, provided specific requirements are satisfied.
A Commitment Fee is a charge paid to a lender in exchange for reserving or holding specific financing terms for a residential property transaction. In
A COFI Mortgage is a type of residential loan in which the interest rate is tied to a specific financial index that reflects the cost
Change Frequency refers to how often a particular element, condition, or requirement related to a residential property is modified over time. In residential property ownership,
Cap is a limiting provision used in residential property ownership to establish a maximum allowable level for a specific financial, contractual, or regulatory element. Rather
Bridge Loan is a short term financing tool used in residential property ownership to provide temporary funds during a transition between properties. In residential contexts,
A blanket mortgage functions as an important financing instrument within the real estate sector, designed to cover multiple properties or parcels under one unified loan
A Biweekly Mortgage is a home loan payment structure designed to accelerate repayment by aligning payments with a borrower’s income schedule. Instead of making one
A Balloon Mortgage is a type of real estate loan structured so that regular payments are made for a defined period, followed by a large
An Assumable Mortgage is a type of home loan that allows a qualified buyer to take over the existing loan terms of the seller rather