Mortgage contingency clause can save your down payment in New York

When you’re buying a home in New York, the Mortgage Contingency clause can help you get your money back if things go wrong.  What can go wrong?  Well, for starters, your mortgage lender may re-think the decision to give you a loan and that’s where the mortgage contingency clause can save your behind.  With a standard mortgage contingency clause in the Contract, buyers have a much better chance of getting back the money they put down at Contract signing.

 

I put together a short video explaining the benefits of having this clause incorporated in your Contract when you buy a home in New York City.  Hope you find this helpfu;

 

 

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