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This is the trap, you feel safe whenever you get pre-approval. But pre-approval means nothing, misleading information. Looks good because you afford to pay back the interest of the loan. But doesn't mean you have pre-approval means lender guarantee you the money as Y-Man said..

Hi Will, how much money do you lost if you pull out the contract? In the other side, is it possible to borrow from family? Or your cash buffer to cover 70k. Sorry just throwing some ideas.