All once these steps are completed, and the lender have confidencely that both of you and the property meet all the criteria that is required so as move forward a commitment letter will be issued to the seller, indicating the lender is ready to move toward closing side.
Once all these steps are completed, and the lender is confident that both you and the property meet all the criteria that is required so you can move forward, a commitment letter will be issued to the seller, indicating the lender is ready to move toward closing.