Business terms and jargon explained. Your business dictionary

What is Mortgage Offer

A mortgage offer is a document given to a prospective borrower to prove that they have been offered a mortgage. This gives confidence to the seller that they can make a realistic offer. The mortgage offer gives the terms of the mortgage and length of time which the loan will be paid over. The mortgage offer is valid for a limited amount of time, 3 - 6 months.

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Term created / updated 2005-09-12 19:58:50

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

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