House or No House

Tonight we find out one way or another. There are 3 scenarios, only one in our favor.

Scenario 1: They accept, we get a house.
Scenario 2: They decline.
Scenario 3: They counter and we say "no can do".

Scenario 3 is the hardest. If they counter and we say "no", they can change their mind and say "yes". If they stall for a better bid and then come back to us and say "ok, we'll accept your last offer", we'll have to decline then. Our prequal loan expires on Monday and with the new rates we can't afford this offer.

So it really is now or never for this house. This is either the end or we are back at square 1.

Just in case, I sent out an email to 5 mortgage brokers and am trying to find contact info for 2 more that I know personally. I want them to compete and see what is the best loan available to us for June. So far it looks bleak, but who knows.

That's the update.