Remove Backup offer Remove Debt-to-income ratio Remove Mortgages Remove Pre-approval
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Can You Put an Offer on a House That’s Contingent?

RIS Media

While financing may be pre-approved, the process is complex. Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . Most homebuyers can’t afford to carry two mortgages simultaneously.