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Real Estate Glossary

What is Commitment Fee?

A commitment fee is a fee that is paid to a lender in exchange for the lender's commitment to provide a loan at a later date. This fee is typically paid when the borrower is obtaining a mortgage or other type of loan and is used to compensate the lender for the time and resources they will spend processing the loan.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
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