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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	What is the average age range of a second-home buyer in the United States?
A	Currently, second-home buyers in America are most often between 41 and 44 years of age.
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Gary & Cindy Belhumeur, REALTORŽ, real estate agents and broker for Arvada, Westminster and Denver Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

Gary & Cindy Belhumeur, GRI, ABR, ASR, SRES, e-Pro
Home Source Realty, Inc.
7878 Wadsworth Blvd Suite #240
Arvada, CO. 80003
Toll Free: 866-295-4977
Local Phone: 303-429-1887
Fax: 303-412-5608
Email - Gary: Gary@HomeSourceColorado.com
E-Mail - Cindy: Cindy@HomeSourceColorado.com
Gary and Cindy Belhumeur are the NUMBER ONE AGENTS in the North Denver Metro area. Colorado's Home Source Realty, Inc., owned and managed by Gary and Cindy Belhumeur, is your "One-Stop Real Estate Source". Their experienced Realtors and professional support staff offer their exclusive "Concierge" service to all of their clients. Colorado's Home Source Group represents Buyers or Sellers and offers comprehensive Relocation Services and Financing. Give Gary and Cindy Belhumeur a call and find out why they've been in the Top 1% of Denver Realtors for the last seven consecutive years!

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