Definition of alleviate for English Language Learners. : to reduce the pain or trouble of (something) : to make (something) less painful, difficult, or severe.
A mortgage commitment letter can take up to 4 weeks after an appraisal is complete so it is very important to set an appraisal date. Also note that in this market appraisals do not always come in at or above your accepted offer and an appraisal lower than accepted offer will lead to a renegotiation or change of terms. mortgage commitment letter can take up to 4 weeks after an appraisal is complete so it is very important to set an appraisal date. Also note that in this market appraisals do not always come in at or above your accepted offer and an appraisal lower than accepted offer will lead to a renegotiation or change of terms.
While the lender will not issue a mortgage commitment letter before the appraisal is completed, you can request a conditional loan approval to show the seller your progress toward financing.he appraisal is a major part of the mortgage approval process. The loan underwriter wants to see that the value estimate given by the appraiser lines up with the purchase price. Additionally, the lender needs to be sure that there are no major defects or needed repairs to the house before committing to lend on it.