Author: Duncan Wilson

Lending Guidelines

The Mortgage Commitment Letter

According to Google search results – A loan commitment is an agreement by a commercial bank or other financial institution to lend a business or individual

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Lending Guidelines

What Is A Rate Float Down?

A rate float down applies to pre-approvals, and Mortgage Commitments Letters that are active. If you have a closing in 30 days, and you received a certain

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Income

The T1 General Explained

Types of Income, Assets and Other Pertinent Info On the T1 General T1 General – This information jacket will give you a fairly detailed picture of

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Lending Guidelines

Mortgage Funding Conditions

All mortgage approvals come with a mortgage commitment, and all Mortgage Commitments have conditions. These conditions are presented on the commitment and given by an underwriter.

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