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Financing Your Home >Financing Clauses
Residential sales agreements usually have clauses referred to as financing contingencies which allow the buyers to declare the contract null and void if they are unable to obtain financing. This may be the most important condition in your contract if you are buying a home, so read the contract carefully before you sign it.
Most financing clauses set a time limit of from 30 to 45 days for obtaining a firm commitment from a lender. They may set deadlines for applying for a loan, and require the buyer's full cooperation in obtaining all the information needed to process your loan. If the loan is not approved by the deadline, it may be necessary to request an extension from the sellers or take specific steps to void the contract and get your deposit money back. Be sure to note all of the financing deadlines in the contract, apply for your loan as soon as possible, and be diligent about providing the lender with any documents that are requested.
What famous Art Deco skyscraper is decorated with eagle hood ornaments, hubcaps and abstract images of cars?
A
New York's Chrysler Building, designed by architect William Van Alen in 1930, was one of the first buildings composed of stainless steel over a large surface area.
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Barb Merry and Gail Popp Coldwell Banker The Real Estate Group Inc 2830 E. John Street Appleton, WI 54915 Office: 920-993-7223 Fax: 920-968-1040 Gail's Email: Gail@ExcellenceX2.com Barb's Email: Barb@ExcellenceX2.com
Gail Popp and Barb Merry have been exceeding expectations in real estate sales for over thirty years. They have achieved career success of over $300 Million in residential sales averaging over $1,000,000 monthly. Gail and Barb each are Accredited Buyer's agents, hold the GRI designation and are members of CRS as well as being Senior Associates of their Coldwell Banker office. Gail and Barb guarantee you the highest level of customer service and are recognized for their follow-up, integrity and dedication to excellence. Gail and Barb each hold a Wisconsin Real Estate Broker license.
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