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  When it comes to purchasing a property, securing a mortgage offer is a crucial step in the process. A mortgage offer is a formal document issued by a lender, indicating their willingness to provide a loan for the purchase of a property. This article aims to provide a comprehensive understanding of what a mortgage offer is, its duration, and the implications for borrowers. Understanding Mortgage Offers A mortgage offer serves as a commitment from a lender to provide a specific amount of money to the borrower. It is obtained by submitting a mortgage application and undergoing a thorough assessment of the borrower's financial circumstances, credit history, and the property being purchased. Once approved, the lender will issue a mortgage offer, outlining the terms and conditions of the loan. The components of a mortgage offer typically include the loan amount, interest rate, repayment terms, and any additional conditions that the borrower must meet. It is essential to carefully revie