Do you want your earnest money back? And do you want to not be sued for breach of contract? Carefully read your purchase agreement with a yellow highlighter for 'weasel' or 'your out' clauses. You may need to act quickly as some contracts are written in the mode that assumes you automatically get your financing. Most purchase agreements require you to at least be a le to provide some proof of why you are 'backing out' of the purchase, in ability to get financing as described in your agreement (and that you did not screw up your credit or some such on purpose in a fradulent act to void your contract), or that the cost of insurance or your use of the property is not permitted. Your individual contract will, or should, clearly spell out your 'out clauses.' Good Realtors are worth keeping if they can also get you out! Maybe there is already another buyer to toe your place, but when it comes to money and contracts, found it best to 'always know where you stand.'