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The Chapmans – Conroe
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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.
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In which 'Oil Sheikdom' of the Far East do the wealthy still choose to live in primitive houses on stilts?
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Brunei's oil wealth results in no income tax, free education and health services, and cheap housing loans for its average citizen. |
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Claudia Hohlt Homes Plus Real Estate Services 19755 Hwy 105 West Montgomery, TX. 77356 Phone: 936-537-1656 Fax: 936-588-3783 Alternate: 936-582-7710 Email: claudia@claudiahohlt.com
I am a long time Montgomery County Realtor who is very familiar and committed to this area. If you are considering buying or selling, I have the experience necessary to efficiently and effectively manage the process and help you maximize value in your next real estate transaction. Helping people on the move is my business........ 
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