Due diligence Finance Loan contingency Loans 
HomeLight
DECEMBER 12, 2023
Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. This is where a mortgage contingency can save the day. A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. How does a mortgage contingency work?
HomeLight
AUGUST 31, 2021
A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. There’s no financing contingency.
Expert insights. Personalized for you.
94 
Let's personalize your content