My Mortgage broker asked "Are you under contract"? What does this mean?

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My Mortgage broker asked “Are you under contract”? What does this mean?


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Hi Tony, if you are purchasing a home it would mean have you signed a Purchase and Sale agreement/Purchase Contract on a specific property yet.

Answered 5 months ago

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Correct, with the minor addition that “under contract” implies that the buyer has written a sales offer AND the seller has accepted it. Your agent should certainly be able to assist you in these questions, as should your loan officer. Hope that helps, good luck with your purchase.

Answered 5 months ago
Ted Rood
1298 6

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We offer fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and other. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options and we also discount/monetize BG’s. This offer is open to both individuals and corporate bodies. If in need of our services, contact me for detail information. Thank you, Mr.Joe Duane email:jduane076@gmail.com Joeduane@consultant.com

Answered 4 months ago
Joe Duane
130

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