A financing contingency gives a purchase contract a path for addressing loan approval conditions, deadlines, and documentation. Exact wording and remedies come from the contract and local practice.
Stay ahead of deadlines
- Send requested documents promptly and keep copies.
- Track appraisal, approval, and contingency dates.
- Ask the real-estate professional what happens if terms or timing change.
Educational information only; contract and professional advice control. This is not legal advice or an approval.