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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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What 6,500 seat American theater was the location for the scene where the original 1933 King Kong breaks his chains onstage?
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The famous Shrine Auditorium in Los Angeles, built by the Shriners in 1906 to resemble an exotic Arabian mosque. |
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Deb Chabot
RE/MAX East of the River
1182 Storrs Road
Storrs, CT. 06268
Direct Phone: 860-428-9827
Home Office: 860-487-0267
Fax: 860-487-0267
Office Phone : 860-429-3973 X108
Email: DebChabot@DebChabot.com
Deb Chabot is a Real Estate Broker working in the Storrs Uconn area. She has been listing and selling homes in and around this area for the past 25 years. Deb works at Remax East of the River in Storrs. She has been a consistent top producing agent. She is extremely knowledgeable about this area and has received many real estate related awards. The Greater Hartford Board of Realtors has honored her with the Premier Producer award numerous times for outstanding sales. This award is given to agents in the top 1% of sales in the state.
Deb's many interests include horticulture, her extensive exotic gardens and water garden, her pets, theatre and the arts. Over the years Deb and her daughter, Raechel, have been actively involved with the Fidelco Guide Dog Foudation. They have raised and trained 7 German Shepherd Guide Dog Puppies to date and one Labrador Retriever for Guiding Eyes in New York. Many of these dogs are now working Guide Dogs all over New England. 
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