Common use of NEW MORTGAGE Clause in Contracts

NEW MORTGAGE. This agreement is contingent upon the Buyers obtaining a Conventional, FHA, VA, or other (circle one) Loan. Application to be made within working days from acceptance of this Agreement at (Lender). Mortgage not to exceed $ (Loan Amount) with note interest at %. Buyer to pay the balance of the purchase price in cash at closing. If Buyer has not obtained a written commitment on or before , the Seller has the right to declare this offer is null and void.

Appears in 3 contracts

Samples: For Sale by Owner Purchase Agreement, For Sale by Owner Purchase Agreement, For Sale by Owner Purchase Agreement

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NEW MORTGAGE. This agreement is contingent upon the Buyers obtaining a Conventional, FHA, VA, or other (circle one) Loan. Application to be made within working days from acceptance of this Agreement at (Lender). Mortgage not to exceed $ (Loan Amount) with note interest at %. Seller agrees to pay a discount fee of % or less, of the new mortgage amount. Buyer to pay the balance of the purchase price in cash at closing. If Buyer has not obtained a written commitment on or before , the Seller has the right to declare this offer is null and void.

Appears in 2 contracts

Samples: For Sale by Owner Purchase Agreement, For Sale by Owner Purchase Agreement

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