topic Re: Received Commitment Letter.... in Mortgage Loans

Received Commitment Letter....

pushingfor700 — Fri, 18 Jun 2010 20:12:20 GMT

Well the underwriter has approved credit and I have received the commitment letter....WHAT HAPPENS NEXT? Can I possibley close by the end of the month? I am in GA not sure how long it takes to get to the attorney office for closing but I am hoping that I make it before the 30th so I can claim the tax credit.

Re: Received Commitment Letter....

ShanetheMortgageMan — Sat, 19 Jun 2010 00:30:59 GMT

Usually on the commitment letter there is a list of conditions that remain to be satisfied. What does your loan officer say?

Re: Received Commitment Letter....

pushingfor700 — Wed, 14 Jul 2010 17:06:37 GMT

Well I closed on my house on 7/9/10!!! Yay mee!

Does anyone know how many points my credit score my drop due when the Mortgage starts reporting?

Re: Received Commitment Letter....

ShanetheMortgageMan — Sat, 17 Jul 2010 19:32:50 GMT

Congrats! How many points you lose would depend on your overall credit profile, most say about 5-10 points but some even report a small increase.