How much does an extension cost a home buyer when pushing back a house closing date?

It depends. Key factors will be the cause of the delay, changes in interest rates during the time of the delay, and the terms and conditions of your mortgage approval process and the contract with the seller to buy the house. Check with your real estate attorney and/or mortgage lender for an answer based on the specifics of your situation. Increased interest rates, possible rent payments (to the seller), and/or penalties may apply.

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