Tuesday, September 7, 2010

Building Wealth Magazine

Real Estate, Investing and Richess for your Body, Mind & Spirit

Archive for March, 2006

Mortgage Planning 101 - The Contract

Posted by RandomLeeKind On March - 7 - 2006

The Nuances of Your Contractcontract.bmp

The process of purchasing your first home is often much more complex than the average individual expects it to be. Items involved in your purchase contract can have a significant impact not only on the success of your purchase transaction, but on your stress level as well. We have listed out some of the important items you should be aware of, that require you to make decisions as a buyer entering into a purchase contract.

Loan Contingency
Loan contingency is the period of time the seller is giving you to obtain full, formal loan approval. This contingency is typically between 15 and 21 days depending on what you and your Real Estate Agent Read the rest of this entry »

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