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  • Why Buyers Choose Mark Zoltanski - Why homebuyers looking for a real estate agent in the Lake Norman, Charlotte and Concord area choose Mark Zoltanski.

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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 
In what movie did a cute extra-terrestrial take refuge in a California home on a cul-de-sac with a mountain peak towering behind it?

A 
Steven Spielberg's 1982 classic "E.T." was filmed in a real house on Lonzo Street, Tujunga, northeast of the San Fernando Valley.
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Mark Zoltanski, REALTOR®, real estate agent and broker for Lake Norman, Charlotte and Concord, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Mark Zoltanski
Principal Broker, REALTOR NC/SC, e-Pro

World Properties International
Cornelius, NC 28031
704-579-0000
Fax: 704-831-5353
MarkZoltanski@NUMBER1EXPERT.com

eProREALTOR


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