Why You MUST Complete ALL the Information in a Financing Contingency

By
Services for Real Estate Pros with Maximum One Realty - Managing Broker

 

Why MUST a real estate agent complete ALL the information in a Financing Contingency Exhibit... watch the video to find out! Georgia Association of Realtors (GAR) Special Stipulation - SS 510 INTEREST RATE FLUCTUATIONS PRIOR TO CLOSING "Buyer and Seller acknowledge and agree that interest rates on first mortgage loans may fluctuate between the Binding Agreement Date and the date of closing. Accordingly, Buyer agrees that, notwithstanding any other provision to the contrary contained herein, a loan with an interest rate not more than two percentage points (2%) higher than that interest rate set forth in any finance provision herein, shall be acceptable to Buyer if Buyer has ability to obtain such a loan."

 

Thank you for watching! Dana Sparks, Qualifying Broker, Maximum One Greater Atlanta, REALTORS®

 

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Dana (Lerner) Sparks

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