Submitted by Anonymous on Fri, 12/04/2015 - 08:43
how do you cancel a mortgage refinance
how do you cancel a mortgage refinance
the mortgage company I chose changed the agreed closing date to benefit them how long do I have before ican cancel the process what are my rights
2 Answers
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You have the right to cancel up until you sign the settlement documents. Once you've signed, you're responsible. Although, if you're that close.... do you really want to start over? I'm sure rates are worse now than when you began..?
1
If it is a refi you have up to 3 days AFTER you have signed to cancel
after that you are comitted
Starting over may or may not be worth the effort
since it is a refi most banks will prioritize purchase loans over it - if they are busy you may have been bumped because of this
Good Luck
Brian Barnes
Senior Mortgage Advisor loans in all 50 states
Brian@AimWithFocus.com