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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	Which city in the U.S. has the longest formal name, but the shortest abbreviated name?
A	El Pueblo de Nuestra Senora la Reina de los Angeles de la Porciuncula is the full name for Los Angeles, known as "LA".
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The Scheib Team, REALTOR®, real estate agent and broker for Lake Conroe, Montgomery County and Conroe Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Nick and Theresa Scheib
The Scheib Team
RE/MAX PREFERRED GROUP
18001 Hwy.105 W. #100
Montgomery, TX. 77356
Theresa Cell: 936-537-6467
Nick Cell: 936-537-0189
Office: 936-448-6700
Fax: 936-582-6777
Melissa-Office Assistant: 936-582-6125
nickandtheresa@NUMBER1EXPERT.com
theresas@remax.net
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