Definition of "Loan commitment"

Aris R.  Mendez real estate agent
Aris R. Mendez, Real Estate Agent Keller Williams Greenville Upstate Realty

Agreement by a lender to lend money to a borrower. A loan commitment typically includes the amount of money to be lent, the interest rate, and the period of the loan.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions