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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 is the most common name for a city in the United States?
A	Fairview is the most common city name, according to the 1996 Top Ten of Everything Book.
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Nancy Bishop, REALTORŽ, real estate agent and broker for Ann Arbor, Dexter, and Saline Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Nancy Bishop
Charles Reinhart Company
500 E. Eisenhower Parkway, Suite 200
Ann Arbor, MI 48108
734-761-3040
734-646-1333
734-769-3800
Fax: 866-520-3998
Email: NancyBishop@NUMBER1EXPERT.com
Email: Nancy@NancyBishop.com
Nancy Bishop is one of The Premier Real Estate Agents in the United States. She really "Knows" the Ann Arbor Area and provides "Signature Services" to her clients. Nancy is a "Gateway" to Everything the Community Has to Offer. Call or email Nancy today!

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