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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 801-573-1675.
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Get Free Presentation On My Home Marketing.
Before signing a contract with any Realtor, make sure you know EXACTLY how your home will be marketed.
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Always Maintaining Professionalism
Sally makes the stressful, difficult task of finding a home FUN and successful!
Barbara Hyland
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 Compare three mortgages at one time.
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Sally Domichel is one of The Top
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Special Offers: Special offers for Salt Lake City, Sandy and Draper
homeowners from Sally Domichel, top Realtor |
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Affiliates: Sally Domichel's real estate web site affiliates |
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eNewsletter: Sally Domichel's Salt Lake City, Sandy and Draper newsletter email
will send you the latest real estate information |
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Today's Real Estate News: Daily real estate news for this neighborhood, Utah, and United
States |
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Market Conditions Report: Market conditions report for this area, Utah, and United
States |
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Monthly Payments & Schedule: Monthly loan payments java
mortgage calculator |
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How Much Can You Afford?: Calculate how much home
you can afford with this financial calculator |
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Determine Tax Savings: Calculate how much your
monthly Salt Lake City, Sandy and Draper Utah mortgage payments save you on
your taxes because of loan interest |
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Should You Rent or Buy?: Is it better to rent a
home in Utah or buy your own Salt Lake City, Sandy and Draper house, ranch,
luxury property, condominium, acreage, or other real estate? |
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Adjustable Rate Mortgages: Adjustable rate Salt Lake
City, Sandy and Draper mortgages information and interest rate java
calculator |
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What Is Your APR?: Determine the Annual Percentage Rate (APR) for your mortgage. |
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Fixed or Adjustable Rate Mortgage?: Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM. |
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Are Balloon Mortgages For You?: Balloon mortgage calculator. A balloon mortgage can be an excellent option for many home buyers. |
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15 vs. 30 Yr Mortgages: With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms. |
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How Much Should Your Income Be?: What income is required to qualify for a mortgage? Use this calculator to find out. |
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What's Your Maximum Mortgage?:This calculator will help you determine your maximum monthly housing payment and the resulting mortgage amount. |
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Will Buying Points Save You Money?:This calculator helps you determine if you should pay for points, or use the money to increase your down payment. |
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TripleCalc: FREE Software
Download: TripleCalc lets you compare three loans at one time for your property
or other Utah real estate |
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Top National Real Estate Web Sites: Real Estate Web Sites
that include some unique sources of realty information, listings, and
more |
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Ask Anything: Ask Sally Domichel anything
real estate |
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NUMBER1EXPERTS: List of all the NUMBER1EXPERT real estate agents and realty professionals and brokers in the USA and Canada with links to their personal web sites with homes for sale |
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Real Estate Tips: Sally Domichel's realty library of
real estate tips and advice on everything from preparing your home for sale to
negotiating with home buyers to escrow, closing costs, property inspections,
and mortgage brokers |
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Real Estate Trivia: Sally Domichel's collection of real estate trivia questions and
answers that include real estate topics such as the most expensive home,
largest swimming pool, and more |
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Real Estate Dictionary: Complete real estate
dictionary and glossary of realty words you'll use when you list and sell your
Salt Lake City, Sandy and Draper property in Utah, including legal terms
definitions, and more |
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Financing Your Home >Financing Clauses
Residential sales agreements usually have clauses referred to as financing contingencies which allow the buyers to declare the contract null and void if they are unable to obtain financing. This may be the most important condition in your contract if you are buying a home, so read the contract carefully before you sign it.
Most financing clauses set a time limit of from 30 to 45 days for obtaining a firm commitment from a lender. They may set deadlines for applying for a loan, and require the buyer's full cooperation in obtaining all the information needed to process your loan. If the loan is not approved by the deadline, it may be necessary to request an extension from the sellers or take specific steps to void the contract and get your deposit money back. Be sure to note all of the financing deadlines in the contract, apply for your loan as soon as possible, and be diligent about providing the lender with any documents that are requested.
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| Q |
Who is "Freddie Mac", and why is he a big name in real estate?
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| A |
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans. |
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