Mortgage Contingency Clause in Real Estate Home Purchase Contract

A mortgage contingency clause is among the most important purchase contract provisions for the potential buyer of real property. Mortgage contingency clauses allow prospective buyers to get back any earnest money deposit put down if a mortgage is not obtained within a fixed time. Read our guide to learn more about mortgage contingency clauses and how they can help you when making a real estate purchase.

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UPDATED: Jul 16, 2021

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