Closing, Due diligence and Loan contingency

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Closing

Due diligence

Loan contingency

What Is a Mortgage Contingency? Purchase Offer Protection

HomeLight

DECEMBER 12, 2023

If your loan application is denied, or you can’t secure financing under the terms outlined in the contingency, you can withdraw from the deal and typically recover any earnest money deposit you’ve made. How does a mortgage contingency work? This protects you from being locked into a loan with unexpectedly high rates.

Earnest money deposit

Earnest money deposit Mortgages Purchase and sale agreement Finance

What’s the Deal with Making a Cash Offer on a House?

HomeLight

AUGUST 31, 2021

From a seller’s point of view, if there are two offers that are otherwise identical, and one buyer can pay cash, the cash offer is likely to be viewed as the stronger offer because the buyer 1) definitely has the money, which means that they can 2) close quickly. If sellers get paid at closing either way, why is cash better?

Due diligence

Due diligence Inspection Pre-approval Pre-qualification

Residential Realty Today

What Is a Mortgage Contingency? Purchase Offer Protection

What’s the Deal with Making a Cash Offer on a House?

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