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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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Q	What structure is regarded as the best surviving example of Pennsylvania Dutch architecture?
A	The Georg Muller House in Milbach, PA, built in 1752.
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Margene and Ron Wrigley, REALTORŽ, real estate agents and broker for Salt Lake City, Draper and Sandy City Utah home listings, property and land for sale - NUMBER1EXPERT(tm)

Margene and Ron Wrigley
RE/MAX Associates
6629 South 1300 East
Salt Lake City, UT. 84121
801-557-0155
801-541-1121
ext 3306 or ext 3398: 800-827-7362
Fax: 801-365-3307
Email: margeneandron@NUMBER1EXPERT.com
When you entrust the Wrigleys to market your current home, or to buy a new one, YOUR GOALS BECOME OUR GOALS. We understand the importance of knowing your needs and wants, and over the years have been successful in exceeding our clients expectations with our service. Margene has obtained the CRS and GRI designations and is an Associate Broker. Ron has obtained the GRI designation. We have a combined 32 years of selling real estate in the Salt Lake, Sandy, Holladay, Draper, and surrounding areas.The Wrigleys have been a past judge for The Parade of Homes, Member of the Honor Society, Masters Status, and recipient of the Presidents Award, Excelling in Listing, Buyers, Relocation, and New Construction. CALL US FOR ALL YOUR REAL ESTATE NEEDS!

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