Conditional Commitment

Definition of "Conditional commitment"

Agreement by a lender to loan money to suitable borrowers within a given time period but without identifying those borrowers.

Search Real Estate Glossary

Related Real Estate Glossary terms

Funeral Insurance

Modest life insurance coverage to pay burial expenses upon the death of an insured. ...

Financial Reinsurance

Transaction of reinsurance under which there is a limit on the total liability of the re-insurer and ...

Federal Estate Tax

Federal tax imposed on the estate of a decedent according to the value of that estate. The first ste ...

Combination Safe Depository Insurance

Covers property damage and theft coverage in two areas not subject to a coinsurance requirement or a ...

Unit In Place Method

Approach to valuing property based on its replacement cost. The cost of each major element of the pr ...

Retained Asset Services (ras)

Insurance company program in which the beneficiary of an insurance policy is encouraged to leave the ...

Related Real Estate FAQ

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What is Earnest Money What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? 7 Things to Consider Before Moving to a New City Should you Buy a Home with Cash? What is the Best Time of Year to Buy a Home?

FAQ

What is a VA loan? What is a subdivision? What is a rate lock? What Will My ARM Loan Payment Be ? What are the benefits of Commercial Auto Insurance?