Commitment Fee - Personal Finance Glossary - E-PersonalFinance

Commitment Fee - Personal Finance Glossary - E-PersonalFinance

Commitment Fee

A "commitment fee" is the fee charged by the lender to commit itself to a mortgage or loan on specified terms and conditions. For a mortgage loan, the lender sometimes commits to "lock in" or guarantee the interest rate to be charged for a period of time, such as 30 days.

Top Searched Terms

Top Finance Articles

Question & Answers

Questions & Answers

What Is the Marriage Tax Penalty?

The marriage tax penalty is when a married...Read More

Quizzes

Quizzes

Hundreds of Investing & Finance Quizzes, Including

Word of the Day

Word of the Day

Going Private

"Going private" refers to the act of a public company being bought by a group of...

Read more

Personal Finance Answers categories Why search the Web, when you can go straight to the best.