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How Long Is A Loan Contingency?

January 24, 2024 by Ahmed Ali

How Long Is A Loan Contingency? A contingency period typically lasts anywhere between 30 and 60 days. If the buyer isn’t able to get a mortgage within the agreed time, then the seller can choose to cancel the contract and find another buyer. This timeframe may be important if you encounter a delay in getting

What Does Loan Contingency Mean?

January 24, 2024 by Ahmed Ali

What Does Loan Contingency Mean? What does loan contingency mean? A financing contingency – most often referred to in real estate as a mortgage contingency or a loan contingency – is a clause that allows buyers to cancel the contract of the home purchase with no penalties, and a refund of their earnest money deposit