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lenders letter of commitment?

Started by kellypirrip_1861861
about 10 years ago
Posts: 0
Member since: Jan 2016
Discussion about
When my lenders letter of commitment finally came in, I was unhappy with some of the "conditions" within. Once a letter of commitment is issued to me by one bank can I accept a loan offer for another and withdraw my loan that has a commitment letter? I know I'll lose money on third party costs, but will I be on the hook for any loss with the commitment issuing lender? Also, the lender gave me a "co-op spreadsheet" and the loan amount changed which is a major reason for my dissatisfaction. Is this co-op spreadsheet the same thing as a GFE? Thanks for the help!
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