Common use of Mortgage Financing Clause in Contracts

Mortgage Financing. If Contract is contingent on obtaining financing, an application for mortgage financing shall be made within two (2) business days from Contract Effective Date. Buyer shall obtain a written loan commitment from Buyer’s lender and provide a copy to Seller on or before 10 calendar days from the Effective Date of the Contract. In the event the Buyer’s financing is denied, Buyer shall provide a written letter from Buyer’s lender to support any request to terminate the contract. In the event Buyers are unable to obtain with the lender of their choosing, Cornerstone Relocation Group reserves the right to pursue financing through Cornerstone Relocation’s lenders. In the event Cornerstone Relocation Group is able to secure Buyer’s financing upon terms and conditions comparable to those identified in the contract, Buyer’s agree to close as provided in the contract. Buyer agrees to cooperate fully with any such financing.

Mortgage Financing. If Contract is contingent on obtaining financing, an application for mortgage financing shall be made within two (2) business days from Contract Effective Date. Buyer shall obtain a written loan commitment from Buyer▇▇▇▇▇’s lender and provide a copy to Seller on or before 10 calendar days from the Effective Date of the Contract. In the event the Buyer’s financing is denied, Buyer ▇▇▇▇▇ shall provide a written letter from Buyer▇▇▇▇▇’s lender to support any request to terminate the contract. In the event Buyers are unable to obtain with the lender of their choosing, Cornerstone Relocation Group reserves the right to pursue financing through Cornerstone Relocation’s lenders. In the event Cornerstone Relocation Group is able to secure Buyer▇▇▇▇▇’s financing upon terms and conditions comparable to those identified in the contract, Buyer▇▇▇▇▇’s agree to close as provided in the contract. Buyer ▇▇▇▇▇ agrees to cooperate fully with any such financing.