What Is a Mortgage Commitment Letter?

Written By Todd Hunter

A mortgage commitment letter is a formal document issued by a lender to a borrower that outlines the approved terms of a mortgage loan secured against the borrower’s property. While it indicates the lender's intention to provide financing, the commitment is typically conditional — meaning it remains subject to final approval based on the completion of all required due diligence for the real estate transaction.

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Todd Hunter

Mortgage Agent, Level 2

License No. M22000871

Direct: (416) 270-7962

Email: todd.hunter@dominionlending.ca

Website: www.toddhunter.ca

Todd Hunter
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