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Real Estate Glossary

Forward commitments

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Written by Luis Escobar

Typically used to define a lender’s obligation to fund a mortgage, forward commitments are contractual obligations to carry out certain financing activities upon the satisfaction of any stated conditions. They usually specify the commodity or goods being sold, payment date, delivery date, and price.

Typically used to define a lender’s obligation to fund a mortgage, forward commitments are contractual obligations to carry out certain financing activities upon the satisfaction of any stated conditions. They usually specify the commodity or goods being sold, payment date, delivery date, and price.

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Luis Escobar

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