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Podcast: Financial Residency
Episode: Mortgage Minute - Waiving Loan Contingencies
Description: This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Today on the podcast cast Doug Crouse clarifies the concept of loan contingency when writing offers. Many people mistakenly think that having a loan commitment means having a clear to close. However, loan contingency is met when you have a contingent conditional loan approval after underwriting. This means your credit, income, and assets have been reviewed and are satisfactory, b...