Lender's name on P&SWe are about almost ready to sign the P&S for a home we are buying. Our attorney has added the name of the lender that we will have to use in this manner - As used in this paragraph, "diligent efforts" shall require BUYER to apply to one mortgage lender and it is agreed that BUYER's application to <lender-name> shall satisfy such provision and the term "commitment" as used in this paragraph shall be a binding commitment in writing and shall contain no conditions other than conditions that BUYER can reasonable satisfy. In addition, it shall be a condition of the Buyer's obligation to perform under this Agreement that the Lender obtained appraisal be equal to or greater than the purchase price. If the Lender obtained appraisal is not equal to or greater than the purchase price then at the BUYER's election any payments made under this Agreement shall be forthwith refunded and all other obligations of the parties hereto shall cease and this Agreement shall be void without recourse to the parties hereto. ---------My question is, does this bind us to use only this lender and not change the lender after P&S ?February 22 2013 - Medford00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.