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• A binding offer from your lender stating the amount of the mortgage, the number of years to repay the mortgage (the term), the interest rate, the loan origination fee, the annual percentage rate and the monthly charges.

  Federal Trade Commission - Cite This Source - This Definition
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  Cite Definition for Commitment Letter

  American Psychological Association (APA)

  Commitment Letter. (n.d.). Real Estate Marketplace Glossary. Retrieved March 24, 2023, from website: http://www.expertglossary.com/definition/commitment-letter.

  Chicago Manual of Style (CMS)

  Commitment Letter. www.ftc.gov. Real Estate Marketplace Glossary. Federal Trade Commission. http://www.expertglossary.com/definition/commitment-letter (accessed: March 24, 2023).

  Modern Language Association (MLA)

  "Commitment Letter." Real Estate Marketplace Glossary. Federal Trade Commission. 24 March. 2023 http://www.expertglossary.com/definition/commitment-letter.

• Browse Related Terms: A.P.R., annual percentage rate (A.P.R.), Assumption, Buy Down, Commitment Letter, Discount point, Float, Interest Accrual Rate, Truth-in-Lending Act