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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 site discovered in 1965 is considered the world's oldest known habitation?
A	The Terra Amata site in Nice, France has the remains of 21 huts belonging to the Acheulian culture from 400,000 years ago.
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Jim, Caroline and the Davis Team, REALTORŽ real estate agent(s) and broker for madison alabama real estate and huntsville alabama real estate home buying, listings, and homes for sale in Madison County north alabama real estate AL, jim davis of realty world south and madison

Jim, Caroline and the Davis Team
Realty World South
1874 Slaughter Road
Madison, AL 35758
Phone: 256-325-8500
Fax: 256-325-8504
Email: huntsvillesold@NUMBER1EXPERT.com

Absolutely Accessible -- Marketing, Promotion, and Profit for Property Owners. When you need the assistance of a Realtor, Jim, Caroline and the Davis Team and The Davis Team is Absolutely Accessible. We don’t just sell homes (even though we do it faster) we give quality, competent representation for buyers. Our track record of exceptional representation for Buyers and Sellers is unparallel in the market today. The old ways of sticking a sign in the yard and waiting for a call are gone. Information on our new proactive approach is found in our complete marketing package that is available to prospective customers free of charge and obligation. Call or email us today for your free package. 800-515-9959 / 256-651-8500

Jim, Caroline and the Davis Team
Realty World South
1874 C Slaughter Road
Madison, AL 35758
Phone: 256-325-8500
Fax: 256-325 8504
Email: HomeJames@knology.net
Absolutely Accessible -- Marketing, Promotion, and Profit for Property Owners. When you need the assistance of a Realtor, Realty World South and our team of professionals are Absolutely Accessible. We dont just sell homes (even though we do it faster) we give quality, competent representation for buyers. Our track record of exceptional representation for Buyers and Sellers is unparallel in the market today. The old ways of sticking a sign in the yard and waiting for a call are gone. Information on our new proactive approach is found in our complete marketing package that is available to prospective customers free of charge and obligation. Call or email us today for your free package. 800-515-9959 / 256-325-8500

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