How the Financing Contingency Works: Why Buyers Should Think Twice Before Waiving It
Redfin
MARCH 26, 2025
It protects the buyers earnest money and limits their financial risk if their financing falls through. Even if youve been pre-approved , things like a low appraisal, a job loss, or changes in your credit can derail the loan process. Unusual homes can cause appraisal challenges that impact loan approval.
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