A mortgage commitment letter is a document that a lender provides to show you're likely to be approved for a mortgage. There are two types of mortgage commitment letters: firm and conditional.

About 16 million borrowers who had applied for the Biden administration's student loan forgiveness program received letters starting last weekend letting them know that they've been approved for debt ...

A mortgage approval is a loan application that has been reviewed and approved by an underwriter. Most of the pre-approvals that you see today are in fact a "loan originator opinion letter." Loan ...

Neat Capital, a fintech company, announced it launched an application that it says provides mortgage borrowers pre-approval letters in almost real-time. Integrated with the company's one session ...

HUD today released MORTGAGEE LETTER 2010-20: "Implementation of Final Rule FR 5356-F-02, “Federal Housing Administration:Continuation of FHA Reform—Strengthening Risk Management through Responsible ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

A mortgage commitment letter is a crucial document in the homebuying process, indicating a lender's intent to provide a loan. It reassures sellers of a buyer's financial capability and outlines the ...