First time homebuyer here. I would like to get ya'll advice. So I'm basically 3 days away from the last day of the loan contingency right now. Getting the "green light" on the loan seems to be taking forever, probably because some of the days got lost due to the July 4 holiday, people on vacation, etc, which I understand. They appear to be scrambling to try to get me an answer at the 11th hour, but there's a possibility that it might not happen.
Anyways, as its approaching the deadline for the contingency period, am thinking of executing the contingency and walking away on the day before the contingency deadline. The thing is, i think the underwriters are taking their sweet time, and I'm pretty sure I am able to get a loan. I'm financially secure, i got pre-approved, and my record is squeaky clean and all , but you never know. Also appraisal came out higher than the purchase price, which is a good thing. $10,000 is a lot of money in the deposit, and I definitely do not want to risk losing that. I'm thinking of walking away from the deal. What do you guys think?
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