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Quick ? re: 3-days to change mind

Profile picture for grangum

I know there is a 3 day time period during which a borrower can change their mind re: a loan.  Is this working or calendar days?  Thanks!

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December 18 2007 - US

Replies (13)

Profile picture for Colorado Lender

Business days

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December 18 2007
Profile picture for grangum

Thanks, Nic.

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December 18 2007
Profile picture for SDMortgagefinder

To the best of my knowledge...Saturday ia Also included.........Sunday is Not......Legal Holidays are also Not included.

 

I just checked with my Lender.

 

Merry Christmas

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December 18 2007
Profile picture for 203K Specialist

Wayne is correct Saturday's count.

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December 18 2007
Profile picture for DebtFreeDave

Does Christmas count?

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December 19 2007
Profile picture for Colorado Lender

To Jesus it does.

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December 19 2007
Profile picture for Zilluminati

Change your mind please. So we can give you more free advice later. We love giving away expertise, especially during the holidays.

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December 20 2007
Profile picture for Colorado Lender

The only way to win at christmas time is to give more than you receive.....fyi

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December 20 2007
Profile picture for grangum

"Change your mind please. So we can give you more free advice later. We love giving away expertise, especially during the holidays."

WTH! I was asking because a relative is doing a re-fi and taking cash - important when she would have it deposited.

Sorry, Hamp, that the question annoyed you.  Cannot imagine why though.  Bah Humbug to you, too.  Have a nice Christmas anyway.

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December 20 2007
Profile picture for Zilluminati

Sorry, I was annoyed. Your question was misunderstood. My bad. Please disregard anything I say in the future.

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December 20 2007

Hi grang.

 

Hamp gives a lot of solid advise on the site. We have also had a problem with the site changing and fake posters. None have anything to do with you. Like most of us, sometimes we mis interpret or the typed word comes out wrong. I would be glad to take Hamps advise anyday.

 

Wayne and Salem have indicated its 3 business days for refinancing your second home and primary residence. Saturdays are included but not sundays nor hollidays.

 

Hope this helps, and Merry Christmas.

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December 20 2007

grangum,

Also note there is "No 3 day recission period" on certain types of loans, icluding purchase money. (Check your home state laws).

T.A.M

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December 20 2007
Profile picture for grangum

Happy Holidays everyone!

I can understand how my post could be misinterpreted and I have been grateful for Hamp's advice previously.

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December 21 2007
 
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