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How Can I Thank You Enough? "From our first meeting I felt confident that I had made the right choice." Ann Mills, San Diego Read Quote > View All Quotes >
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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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Chris Schell and Denise Lisa Ascent Real Estate, Inc. 410 Kalmia Street San Diego, California 92101 Chris Schell: (619) 316-1177 Business Phone: (619) 325-4118 Fax: (619) 325-0750 Denise Lisa: (619)772-5972 Business Phone: (619) 325-4120 Email: ctschell@cox.net Email: dlisa@cox.net
Chris Schell and Denise Lisa are Top Producing Realtors in the Metropolitan San Diego region. Chris and Denise attribute their success to keeping current with the latest technology, professional experience, knowledge of the market place, extensive advertising,and most importantly the personal care given to each and every buyer and seller. Call or email us today!
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