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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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| Q |
What country of the world has the highest percentage of private housing?
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| A |
Mongolia, where 100% of all properties are owner-occupied. |
 See More Real Estate Trivia > |
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Goran & Vera Brnjic, GRI
Dream Home Realty
Goran: 314-753-0030
Vera: 314-249-0025
Office: 314-352-0804
Fax: 314-352-6212
Email: Brnjics@NUMBER1EXPERT.com
Your largest investment for you and your family deserves the best.
When you put us to work, you can count on honest business relationship, open lines of communication and a firm commitment to help you realize your dream to your satisfaction. With us at your side, you will get an exceptional service throughout the entire buying and selling process. Please feel free to call us for a complementary consultation. No obligation, off course. We look forward to further explain you how our services would be outmost beneficial in achieving your real estate goals.
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