Common use of New Loan Application Clause in Contracts

New Loan Application. Within 12 business days of Acceptance, Buyer agrees to (1) submit a 4 completed loan application to a lender of Buyer's choice and (2) furnish a preapproval letter to Seller based upon a standard 5 factual credit report and review of debt to income ratios. If Buyer fails to complete any of these conditions within the applicable 6 time frame, Seller reserves the right to terminate this Agreement. In such event, both parties agree to cancel the escrow and return

New Loan Application. Within 12 business days of Acceptance, Buyer agrees to (1) submit a 4 completed loan application to a lender of Buyer's ’s choice and (2) furnish a preapproval letter to Seller based upon a standard 5 factual credit report and review of debt to income ratios. If Buyer fails to complete any of these conditions within the applicable 6 time frame, Seller reserves the right to terminate this Agreement. In such event, both parties agree to cancel the escrow and return

New Loan Application. Within 12 business days of Acceptance, Buyer agrees to (1) submit a 4 completed loan application to a lender of Buyer's ’s choice and (2) furnish a preapproval letter to Seller based upon a standard 5 factual credit report and review of debt to income ratios. If Buyer fails to complete any of these conditions within the 6 applicable 6 time frame, Seller reserves the right to terminate this Agreement. In such event, both parties agree to cancel the 7 escrow and returnreturn EMD to Buyer. Buyer shall use Buyer’s best efforts to obtain financing under the terms and conditions 8 outlined in this Agreement.