What happens if I can’t get a mortgage? Do I lose my entire Deposit?
Depends. In the Contract or Offer to Purchase did you have a Mortgage Contingency?
When you need to borrow money from a lender to purchase a house, it would be very wise to put in a Mortgage Contingency i.e.”Subject to Buyers securing a first mortgage in the amount of ______ for a term of 30 years, at the prevailing rate. Buyers agree to make application for mortgage within ___ days from the date of acceptance of this offer. In the event Buyers are unable to secure the aforesaid mortgage within 30-45 days from the date of acceptance of this offer, then all funds shall be refunded to the Buyers, and this agreement shall thenceforth be null and void.”
Lloyd Budd
on said
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Alex Shiels
on said
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Alex Shiels
on said
Bring to the table win-win survival strategies to ensure proactive domination. At the end of the day, going forward, a new normal that has evolved from generation X is on the runway heading towards a streamlined cloud solution. User generated content in real-time will have multiple touchpoints for offshoring.
Lolyd Budd
on said
Leverage agile frameworks to provide a robust synopsis for high level overviews. Iterative approaches to corporate strategy foster collaborative thinking to further the overall value proposition. Organically grow the holistic world view of disruptive innovation via workplace diversity and empowerment.