Contingencies

Learn about the three essential contingencies: financing, appraisal, and inspection.

Inspection ensures the home's quality, and you can inspect before submitting your offer to stay protected while removing this contingency. An appraisal provides a professional opinion of the value required by Fannie Mae and Freddie Mac. Financing protects your earnest money if financing falls through but can weaken your offer. A pre-underwritten pre-approval can help ensure a smooth process.

At Seattle's Mortgage Broker, we ensure thorough pre-approval for a seamless buying experience.

Key Takeaways:

• Inspection: Ensure the home's quality and consider inspecting before submitting your offer.
• Appraisal: Provides a required professional opinion of value.
• Financing: Protects your earnest money but can weaken your offer; pre-underwritten pre-approval is beneficial.

Contact Us for Expert Help

Questions? Reach out to us at questions@seattlesmortgagebroker.com for professional support.