6. Rescission Period

Refinancing an existing loan is more that just about the interest rate.

Home > Refinancing Walkthrough > 6. Rescission Period

What is a Rescission Period?

At this point, everything is almost wrapped up. With a refinance, there is a required three business day waiting period before the loan officially funds. This gives you time to reflect on your decision to refinance your loan. Once the three day period has passed, your refinance is funded and your new loan is in place!

If you’re expecting cash out while refinancing, your cash out funds will be disbursed at the conclusion of this three day rescission period.

fastrac-logo

Quickly and securely start your mortgage

Previous - 5. Closing Your Loan Return to Table of Contents
Questions?
Contact us to get your questions answered.
LIVE CHAT
QUESTIONS? CALL US.
1-855-273-9890
 
1819 S. Excise Avenue Ontario, CA 91761
 
|
|
|

|
|
|
© 2018 R M K FINANCIAL CORP. DBA MAJESTIC HOME LOAN
NMLS CONSUMER ACCESS NMLS# 173946.