Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Commitment Letter
FreddieMac
Updated 10-31-2026
Commitment Letter
A letter 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.
FreddieMac Glossary
FreddieMac · p. 4
FTC
Updated 10-31-2026
Commitment Letter
A binding of-fer from your lender that includes the amount of the mortgage, the interest rate, and repayment terms.
FTC Real Estate Terms
FTC · p. 4
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