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When is it too late to back out of buying a house?
Contingencies can help you back out of a home purchase with little pain.
Sarah Li Cain is an experienced content marketing writer specializing in FinTech, credit, loans, personal finance and banking. Her work has appeared in Fortune 500 companies, publications and startups such as Transferwise, Discover, Bankrate, Quicken Loans and KeyBank.
Contingencies can help you back out of a home purchase with little pain.
They’re similar to fixed-rate loans, but beware the fluctuating interest rate.
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A drop is inevitable, but you can minimize it.
It can boost your chances of being approved, but it may mean sharing ownership too.
Asking the right questions can help you buy a home with more confidence.