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What & Why A Mortgage Commitment Is So Important
I’ve often said that when you go to apply for a mortgage, it’s a little like confession.
It’s miserable doing it, but once you get it done, you are beyond happy.So, what happens with that mortgage commitment? What does it say?
Well, it will tell the seller, as well as the buyer, that date you’re going to close.
That’s so important to both parties.
In addition to that, generally what will happen is that the seller will always continue to go through with the deal. The buyer will continue to go through the deal.
Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com
Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com
It’s miserable doing it, but once you get it done, you are beyond happy.So, what happens with that mortgage commitment? What does it say?
Well, it will tell the seller, as well as the buyer, that date you’re going to close.
That’s so important to both parties.
In addition to that, generally what will happen is that the seller will always continue to go through with the deal. The buyer will continue to go through the deal.
Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com
Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com
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By Chris BergerI’ve often said that when you go to apply for a mortgage, it’s a little like confession.
It’s miserable doing it, but once you get it done, you are beyond happy.So, what happens with that mortgage commitment? What does it say?
Well, it will tell the seller, as well as the buyer, that date you’re going to close.
That’s so important to both parties.
In addition to that, generally what will happen is that the seller will always continue to go through with the deal. The buyer will continue to go through the deal.
Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com
Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com
It’s miserable doing it, but once you get it done, you are beyond happy.So, what happens with that mortgage commitment? What does it say?
Well, it will tell the seller, as well as the buyer, that date you’re going to close.
That’s so important to both parties.
In addition to that, generally what will happen is that the seller will always continue to go through with the deal. The buyer will continue to go through the deal.
Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com
Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com