Mortgage Loan Commitment

Ask your lawyer if you are unsure or have Toll put it in a letter. A commitment letter is far short of any actual mortgage, but you should make sure. I assume they are doing this so you can't back out on the basis that you did not qualify for a mortgage, right?

that's weird. it is illegal for them to force you to use their mortgage company!!! you should call the attorney general's office or the department of state for licensing mortgage brokers for investigation.

#1 here. They give us a whole disclosure document about using their mortgage company and that we're not required to use them. We just have to apply with them, at no charge to us, unless we eventually use them. So I don't think there's an AG's claim here.

And yes, this is for contingency, just in case i can't get a mortgage anywhere else, Toll Brothers is covered.