Loan Commitment in Condo Purchases: A Guide for Lenders & Borrowers
![](https://theprepreport.com/wp-content/uploads/2023/06/Blog-June-6-Loan-Commitment-1024x536.png)
Importance of Loan Commitment in Condominium Unit Purchase When financing a condominium unit purchase, a borrower, working with his or her lender, has a set amount of time to obtain a loan commitment. The borrower’s application to the lender for the loan commitment triggers the underwriting of the borrower and the eligibility evaluation of the […]