1. A mortgage commitment will commit the funds with certainty to the borrower. 2. A mortgage pre-approval will state the

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answerhappygod
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1. A mortgage commitment will commit the funds with certainty to the borrower. 2. A mortgage pre-approval will state the

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1. A mortgage commitment will commit the funds with certainty to the borrower.
2. A mortgage pre-approval will state the interest rate the lender will use if the buyer continues with this lender and gets a commitment from them.
3. A mortgage commitment refers to a letter from the lender agreeing to make the loan subject to satisfactory title and other conditions specified in that commitment.
4. A mortgage pre-approval could only be for a specified amount of time
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