Business Terms and Jargon Explained

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

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