When taking out a loan, it is important to fully understand the terms and conditions of the agreement. One phrase that you may come across is “per your loan authorization and agreement.” What does this mean exactly? When a lender approves your loan application, they will provide you with a loan authorization and agreement …
Monthly Archives: February 2022
When buying a home, one of the most important steps is securing financing. A contract contingent on financing is a common clause in the purchase agreement that protects the buyer in case they are unable to obtain financing for the home. What does “contingent on financing” mean? A contract contingent on financing means that …