Am I contractually obligated to continue if I signed an "intent to proceed" document?

You are not, however you might not be entitled to a refund if you have spent any money on things like appraisals and inspections.. If you did pay for an appraisal, sometimes they can be transferred.. However some lenders will not accept transferred appraisals, and might require you to pay for a new one... My best advice is to shop for a "Mortgage Broker".. not a rate... if you find the right person you feel you can trust will be much better than shopping for the lowest rate.. Since the current lending environment is a bit over burdened, processing and turns times are very lengthy, some folks might feel a bit left out or think that their loan officer isn't doing his job.. The reality is that will all the red tape of today's lending, most of the delays are out of his control.. But a good loan officer will communicate with you throughout the entire transaction.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You are not obligated. The intent to proceed simply authorizes the lender to start working on your file. You are free to examine opportunities until your loan funds.

Greetings!They can most likely hold your application fee if you paid for one of those in advance, but that is it. Customers have the right to change lenders if they are unhappy with the service or the rate. I would check with the lender, but I beleive they can only keep your application fee, if you paid one. At Fidelity Bank Mortgage, we do not require an application fee.Have a great day and I hope this information helped.Best wishes,Mac

In lending it is never over until the loan closes and the recision period is over. In short if you have not closed and are in any way unhappy you may want to try another lender. I will be happy to provide you a no cost no obligation quote. Amber L.. Bushnell Loan Officer Golden Oak Lending20206 Route 19, Suite 300Cranberry Twp, PA 16066abushnell@goldenoaklending.com724-742-2383 voice724-742-2381 FAXNMLS # 330763

Sure you can, as Amber said above you can back out right up until everything is completed. william is correct in pointing out that any money already spent for appraisal or other charges you might not get back.

You can look for another lender. We cover PA and would love to discuss your situation. 201-962-3555 Team@BestMortgageOption.com Michelle

You are not obligated to complete the loan process.

Not obligated until you sign the final docs at closing. Shop away!!!