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Financing Your Home >Financing Contingencies
Standard real estate purchase agreements usually contain language that releases the purchaser from an agreement if they are unable to get financing within a specified period of time. This contingency includes a full return of the earnest money deposit. If you are buying a home, you should read the financing clause carefully and be sure that you fully understand the terms of the agreement.
You are usually required to apply for your loan promptly and to comply with requests from the lender for any documentation needed to complete the loan application. The contract will also set a time limit by which you must have loan approval. If your lender cannot meet the financing deadline and needs additional time to complete the loan, you must ask the sellers for a written extension.
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What place is known as "America's Stonehenge"?
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A 4,000 year-old stone constructed megalithic site located on Mystery Hill in Salem, Massachusetts. |
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Mary Charters & Associates Mary Charters & Associates / Keller Williams Team Realty 301 Inspiration Lane Gaithersburg, MD. 20878 Phone: 301-590-5500 Fax: 301-330-3772 Email: info@marychartersandassociates.com
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