Home Buying in Pennsville>Question Details

Richard, Home Buyer in 209 curtis drive

how long does the mortgage company have after you sign the mortgage commitment to send it to the under writer?

Asked by Richard, 209 curtis drive Sat Jun 14, 2008

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I think there is some confusion here. When the mortgage company issues a commitment it is just that. The file has already gone thru underwriting. A commitment is a the lender saying they has completed the necessary things and the funds are ready for closing. Sometimes a lender will issue a conditional commitment. However this is not common in today's market.
0 votes Thank Flag Link Sun Jun 15, 2008

Do you mean after you sign the loan application (1003) and intial disclosures?
0 votes Thank Flag Link Sat Jun 14, 2008
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