Signing the Commitment and Docs Package
Each commitment is different and targets specific criteria. The commitment comes to us directly. We write up 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. At this time we also like to set up a time to review this with you 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 review all of this with you and provide a copy of this package to you. It’s quite painless… really!