Signing the Commitment and Docs Package
Each commitment is different and targets specific criteria. The commitment comes to us directly. We do up what we refer to as the “signing package” and have you come in and sign. At this point, we still have the ability to change the rate and term, payment amount or frequency, etc. (as long as your ratios are still in line with what is acceptable to the lender). We can also send the signing package by email. In this case, we also like to review this package with you page by page which can be done over the phone. There are other documents included in our signing package. We are mandated as mortgage agents and brokers to provide certain information; discussing fees, closing costs, mortgage insurance, etc. We go over all of this and provide a copy of this package to you.