




Find MD real estate agents and Silver Spring real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
A Contingency in a real estate contract usually means that something needs to happen in order for something else to happen.Example - “This contract of sale is contingent upon the purchaser receiving loan approval.” This means that loan approval must happen for the sale to happen (or close). A financing contingency should be included in your offer if you are relying on a mortgage lender (a loan) to buy the property. Included in the statement about financing is the type of loan you are seeking, whether it is FHA or conventional, how much you are financing with this loan and the interest rate.
(0 comments)
