Unfulfilled Loan Contingency

[Ryan H.]

I need some help understanding the "unfulfilled loan contingency" in the standard Arizona Purchase Contract (section 2c).  If I'm not satisfied with the terms (interest rates, etc.) that I'm receiving from lenders, is this a valid reason for me cancelling a contract and receiving a return of my earnest money?  Or is the only condition under which it can be used that I'm not able to get approved?

[Corby Goade]

Good advice above, but to reiterate, your agent should be the expert here and know your contract inside and out. If you don't get a straight answer from them, call their broker and walk through your options. 

Best of luck!