What is a mortgage contingency in a Daniel Island or Dewees Island home purchase?

A mortgage contingency in a Daniel Island or Dewees Island purchase is a contract clause that lets a buyer cancel and recover their earnest money if financing falls through within an agreed window. It typically covers a lender denial, an appraisal that comes in low, or a rate or term the buyer can no longer accept, depending on how the clause is written. Both Daniel Island and Dewees Island can involve higher-value or unusual financing, such as jumbo loans or island-specific insurance requirements, which makes this protection especially useful. Brian Beatty and a buyer's attorney can tailor the exact contingency language to the specific property.