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• How Purchase Loans Are Made - PDF Document describing a step-by-step process of how to make a purchase loan. (17KB)

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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. See All Tips In The "Financing Your Home" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What famous hotel did John Wayne, Lee Marvin & Elvis Presley stay at while filming on Kauai? A  The Coco Palms See More Real Estate Trivia >

Jason L. Mehler, Associate Broker Better Homes and Gardens Rand Realty 29 Locust Avenue Rye, New York. 10580 Phone: 914-943-6450 Email: JasonLMehler@NUMBER1EXPERT.com I work to consistently exceed customer/client expectations! When buying or selling your home, choosing the right real estate professional is your first important decision. In such a competitive market, you need the expertise, success and company backing that will help you reach your ultimate goal. And you need a personality that offers courtesy, patience and the energy to help you through this process. I assist buyers and sellers of homes in Rye, Harrison, Rye Brook, Purchase & Port Chester, NY as well as other areas of Westchester County, New York. www.JASONLMEHLER.com is brought to you by Jason L. Mehler NUMBER1EXPERT™ in real estate for Rye, Rye Brook, Port Chester and Harrison, New York Read Jason L. Mehler's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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