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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.
What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"
Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star.
Keith RitterKeller Williams Realty7025 W. Bell Rd., Suite 10Glendale, AZ. 85308602-908-5020Fax: 602-908-5020Email: keith@KeithRitter.comKeith Ritter is the NUMBER ONE SERVICE PROVIDER in Glendale, Peoria, Scottsdale and the Greater Phoenix Metropolitan area. He has a proven track record that few agents can match! His experienced team works exclusively for Keith to provide SUPERIOR SERVICE. They free Keith up to spend more time with YOU! State of the art computers and other technologies allow Keith to provide fast, efficient service to his clients!
Keith RitterKeller Williams Realty7025 W. Bell Rd., Suite 10Glendale, AZ. 85308602-908-5020Fax: 602-908-5020Email: keith@KeithRitter.com
Keith Ritter is the NUMBER ONE SERVICE PROVIDER in Glendale, Peoria, Scottsdale and the Greater Phoenix Metropolitan area. He has a proven track record that few agents can match! His experienced team works exclusively for Keith to provide SUPERIOR SERVICE. They free Keith up to spend more time with YOU! State of the art computers and other technologies allow Keith to provide fast, efficient service to his clients!
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