A mortgage commitment letter is a document that a lender provides to show you're likely to be approved for a mortgage. There are two types of mortgage commitment letters: firm and conditional.

Dana Miranda is a Certified Educator in Personal Finance® who's been writing about money management and small business operations for more than a decade. She writes the newsletter Healthy Rich about ...

A mortgage commitment letter is a crucial document in the homebuying process, indicating a lender's intent to provide a loan. It reassures sellers of a buyer's financial capability and outlines the ...

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