Is the financing commitment binding or not?

Also a purchase of an existing property

The advisor says the loan agreement will come sometime next week (Wednesday or so) and that it has taken so long because right now the preparation of contracts takes about 2-3 weeks (at Volksbank and Sparkasse) due to vacation, illness, etc. A nice excuse or is it really like that. I don't care but the saleswoman cannot wait much longer. I even considered applying at another bank. And whoever gives me the first loan agreement, I will take that one. But then it will also be recorded in the Schufa as a negative entry. Not that it will then ruin my chances. And whether I should trust the advisor is another question. In the last 2 weeks he has always said it will be ready on time, the loan agreement. In the end, the credit department decides and not the mortgage advisor.

Well, you can revoke a loan agreement, but not a purchase. Next week is good ;) and if not, and the 2 guys had no authority to draw up such a letter. Everything's weird

Done! On Thursday I will sign the loan agreement! Thank you for your quick response! Great community!

super

Thank you for the feedback on the result. Far too often, after extensive discussions, one hears nothing more about how it turned out.