Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

11
Posts
0
Votes
Umer S.
  • Specialist
  • Tampa, FL
0
Votes |
11
Posts

Loan process for newly build single family property.

Umer S.
  • Specialist
  • Tampa, FL
Posted

Hello BP, 

I am in the process of getting a commitment letter from a Lender to comply with contractual terms. I am shopping around for the rate for a closing to take place sometimes in Oct/Nov but to get the builder know I am qualified, I am getting a commitment letter from their Lender. The lender sent me loan disclosure forms and want me to sign. What I want to know is that by signing these disclosure forms, am I telling the lender that I will only use them regardless of their rate or do I still have option to go with a different lender after signing the forms should I get a better deal without any concerns.

I am fairly new to the loan process so want to confirm if disclosure forms are not going to tie me down to one lender only and what should I look for in those forms to be more aware?  

Any help is greatly appreciated. Thank you. 

Loading replies...