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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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Q	Where is the world's oldest hotel?
A	The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties.
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Mary Hurlburt, REALTORŽ, real estate agent and broker for Layton, Bountiful and Ogden Utah home listings, property and land for sale - NUMBER1EXPERT(tm)

Mary Hurlburt, CRS, GRI, PMN
Prudential Utah Real Estate
5929 S. Fashion Pointe Dr. Suite 400
South Ogden, Utah 84403
801-543-9585
Fax: 801-544-0084
Email: MaryHurlburt@NUMBER1EXPERT.com
Over 32 years experience in Military and Corporate Relocation. Mary's clients are clients for life. She meets the needs of her clients by offering outstanding personal service. Her greatest rewards are the referrals from past clients and their family members. She has been the recipient of the Realtor of the Year Award, the President's Award, Sales Professional of the Year Award and was the 2007 President of the Northern Wasatch Association of Realtors. She also earned the award of Outstanding Customer Service voted by her clients. The areas she covers are Davis, Weber, Morgan, Salt Lake, Summit, and Brigham/Tremonton Counties.

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