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Real Estate Tips
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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Real Estate Trivia
Q 
What famous hotel did John Wayne, Lee Marvin & Elvis Presley stay at while filming on Kauai?

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The Coco Palms
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Terese Brittingham and Thomas McCouch, REALTOR®, real estate agents and broker for Montgomery County, Berks County and Chester County, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Terese Brittingham and Thomas McCouch Sales Team
Keller Williams Realty Group

542 N. Lewis Road, Suite 100
Limerick, PA. 19468
Terese's Office Phone : 610-792-5900 x8101
Terese's Cell: 610-574-9271
Tom's Office Phone: 610-792-5900 x8102
Tom's Cell: 610--574-9272
Team Fax: 484-762-8157
Email: teresekw@gmail.com
Email: tmccouch@kw.com

Terese Brittingham - RM419528
Thomas McCouch - RS205607L

REALTOR


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