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  • Why Buyers Choose Cheryl Lopes - Why homebuyers looking for a real estate agent in the Weston, Pembroke Pines and Miramar area choose Cheryl Lopes.

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Real Estate Tips
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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Real Estate Trivia
Q 
What is considered one of the slimmest buildings ever designed?

A 
The Carnegie Hall Tower, designed by Cesar Pelli, is only 50 feet wide and 60 stories high.
See More Real Estate Trivia >


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Cheryl Lopes, REALTOR®, real estate agent and broker for Weston, Pembroke Pines and Miramar, Florida home listings, property and land for sale - NUMBER1EXPERT

Cheryl Lopes
RE/MAX Premier Associates

2500 Weston Rd.
Weston, FL 33331
Cell: 954-258-6910
Fax: 954-453-1668
cheryllopes@number1expert.com


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