Hey @Omari Heflin, I just pulled 5% out of thin air for explanation purposes.

Any explanation or advice would be appreciated.  

There is much more to it than that, but that's a simple explanation.

Thanks @ Kevin Romines for the explanation.

Your explanation makes a lot of sense..It would be more expensive to use the HELOC in the long term so i will use it for short term purchases and cashout refi when the bank allows me to.Thanks again!

This doesn't change the structure of the loans by much but they will want more money down and likely more letters of explanation about your situation. 

@Douglas Gratz Your explanation is bit hard to follow, but....1) typically it is the Buyer who terminate due to a contingency, not the seller.2) you filing an LP does not preclude the buyer from filing one.  

Thanks for the detailed explanation.

Hi everyone looking for some help or explanation on a current issue I am having.

I like @Jonathan R McLaughlin 's explanation.