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hi everybody dana sparks broker of maximum on greater atlanta realtors and todays contract tip has to do with the financing contingency and the appraisal contingency and just a little bit of a basic discussion about those two and the differences between those two so lets just dive in shall we uh first of all just even though a buyers financing and appraisal are related if a buyer is getting a loan per the contract the appraisal contingency and the financing contingency are two completely separate contingencies in essence just a general global way of thinking about this is the financing contingency is the lenders assessment of how much they think or how confident they are that the buyer is going to pay the lender back for the money they loan out so that has to do with the buyer him or herself their credit uh score their history of paying back loans how much outstanding debt they have their debt to income ratio how much money they have in the bank or in reserve so forth and so on so
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