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I started the process of refi on my home, I am having second…

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I started the process of...
I started the process of refi on my home, I am having second thoughts. Do I have to continue or can I stop the process?
Submitted: 2 years ago.Category: Real Estate Law
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Answered in 3 minutes by:
1/28/2016
Real Estate Lawyer: Barrister, Lawyer replied 2 years ago
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 43,083
Experience: 17 years real estate, Realtor. Landlord 26 years
Verified

Hello and welcome! My name is ***** ***** I am a licensed attorney who will try my very best to help with your situation or get you to someone who can. There may be a slight delay in my responses as I research statutes or ordinances and type out an answer or reply, but rest assured, I am working on your question.

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Yes, you can back out at any time. You even have up to 3 days after the actual refi is done to cancel it and receive any money you have spent on the refi back in full under federal law.

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So you can just notify the lender that you have changed your mind and don't want to continue.

.

As an aside, I used to be a closing attorney for 4 different lenders...

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.

thanks

Barrister

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Category: Real Estate Law
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Experience: 17 years real estate, Realtor. Landlord 26 years

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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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