Commitment Letter: A loan term sheet shows intent but isn’t binding so that brokers may see it as preliminary.

However, if your income can't support the debt of the mortgages plus whatever else you may have (car loan, student loans, etc) then you may NEED that lease signed in order to offset some of the debt.

With that said can anyone suggest reputable lenders that are able to assist me with a debt consolidation loan of ~25K?  

Also depends if you are getting appraisal and what attorney charges for creating loan docs

If its a conventional conforming loan then I believe they should be reporting your payments.

Hire a contractor or GC with clear terms for execution and completion.Secure financing early, whether through cash, private lenders, or hard money loans, ensuring reserves are included for unexpected expenses.

Quote from @Dina Schmid: You can sell anything you want, but that doesn't mean it will qualify for a home loan or be accepted by a building inspector. 

minimizing free cash flow with larger mortgages or shorter term mortgages takes the cash flow which would be taxed and puts it into the amortization of the loan. 

There is an "arrears" that has to be identified and paid out of pocket before the sale or the loan needs to be paid off in full. 

I couldn’t figure out who had to even sign the loan docs let alone the personal guarantees.