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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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Grace Fogg Miranda, REALTORŽ, real estate agent and broker for Burbank, Sun Valley and North Hollywood California home listings, property and land for sale - NUMBER1EXPERT(tm)

Grace Fogg Miranda
Keller Williams
401 South First Street
Burbank, CA 91502
Office: 818-239-3545
Fax: 818-239-3555
Mobile: 818-512-9840
Email: grace@FabulousDreamHomes.com
Grace is a consistent top producer and highly successful real estate agent serving the Burbank, Sun Valley, Shadow Hills, North Hollywood and surrounding communities. Serving a wide spectrum of clients from first time homebuyers and sellers, entertainment industry clients, to equestrian enthusiasts and luxury properties, Grace's clients reflect the diverse area she serves. She combines attention to detail, integrity, professionalism, highest service, as well as utmost discretion as she assists her clients in the process of selling and buying homes. Need to buy a home in Burbank, Sun Valley, North Hollywood or Shadow Hills? Call Grace today! Need to sell a home in Burbank, Sun Valley, North Hollywood or Shadow Hills, Grace can help with that as well! Selling real estate is her passion, and she is a Certified Short Sale Specialist, a PDS Certified REO specialist, and a Certified Pre-Foreclosure Specialist.

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