Hi Guys, I'm currently in abit of a situation: I've had a home loan approved on the 20th of May from a bank. Until now I have yet to sign the approval contract as the land that I'm buying is going to be titled only in October. The loan contract (which I have yet to sign), states that the offer is only valid for 21 days after its disclosure date. Recently, my family had an emergency situation and requires a good amount of money. I wanted to offer the money I which I intend to use as the deposit to help my family with this emergency situation (it will be repaid in a few months time if used). Therefore, I don't want to be tied up with any contract for the time being as my family may need the money at any time during these few weeks. I have tried speaking to the land agent regarding my situation and have put forward my withdrawal letter with the agreement of the loss of my deposit for the land. However, they have not been very understanding and refused to let me withdraw. Which means my only way out of the land contract is to receive a declined letter from the bank. My plan is to either put aside the deposit to another Australian bank or to transfer it directly to my parent's bank account (which is not based in Australia). As there are not enough money in the bank for the deposit, it will turn my loan approval into a declined state (after the loan offer has been revised as the old approval is no longer valid). I have gotten my loan from a broker and I have yet to speak to him as I know he will be bias or inclined towards me not going ahead with my plan. With the case above, my questions are: How badly will this incident affect my credit history? Will it be difficult for me to apply for another home loan with the same bank in the near future? I understand that this is not an ideal situation nor choice to make but I would greatly appreciate for any advise or opinion. Thank you in advance.