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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.
The Stinson Team North Eastern Group Realty 10808 La Cabreah Lane, Suite 101 Fort Wayne, IN 46845 Tel: 260-469-1947 Fax: 260-818-2070 Email: thestinsonteam@NUMBER1EXPERT.com
THE STINSON TEAM...Judi, Phil, Brad, & Lori - Realtors in the Fort Wayne area. In 2011 Fort Wayne, IN was #1 in Job Growth over the last year- out of 100 metro areas in the U.S. The Stinson Team of Realtors have been listing and selling residential real estate since 1986. The team has over 68 years of combined experience. The business has consisted of over 2781 buyers and sellers with a sales volume of over $355.4 million in residential home sales. Having sold more than 1 home every three days for many years provides a strong background of experience upon which to draw. Tammy McCoy- The Stinson Team office manager started with the team in 1992. For all your real estate needs in the Fort Wayne area- Allen County and surrounding counties. "When it's time for a move...Call The Stinson Team...A FAMILY helping FAMILIES." Call us direct at 260-489-7095 Judi-Ext 180, Phil-Ext 181, Brad-Ext 178, Lori-Ext 182. Direct Fax 260-818-2070
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