Mortgage Offer

A mortgage offer is a formal quotation provided by a lender detailing the terms for financing a property purchase. It includes the principal amount, interest rate, loan period, monthly payments, and conditions such as amortisation schedule, fees, and collateral requirements.

In commercial real estate transactions, the offer serves as a negotiation starting point and is typically valid for a limited period. Approval depends on property valuation, borrower creditworthiness, and legal due diligence. The offer may stipulate fixed or variable interest rates and specify early repayment penalties or prepayment options.