If I walk away from a mortgage – BEFORE closing – does it affect my credit?

I purchased my townhouse with cash. I wanted to take out a small mortgage to use towards fixing up some of the rooms. I’ve been dealing with a broker who has be toying with me. I’ve been told three different potential closing dates – none which have happened. His follow up is piss poor. He told me yesterday that he would call me today with or without ANOTHER closing date. I am just at my wit’s end and frustrated.

I don’t need to do the improvements, just felt now was a good time.

What happens, if anything, if I tell this guy to shove his loan on Monday?

Thank you!!

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