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Second Mortgage "Closing" |
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I am a first time home buyer and I have already closed on my first mortgage, and am about to close on the second mortgage in about a month I want to know if I could get out of this loan. |
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I assume it's the second mortgage you're talking about? You can certainly refuse to take a loan if you change your mind about it, and in certain circumstances you may even get back some of your application expenses. As this one is a second mortgage, you could even cancel it and give back the money for three days after you'd closed on it. That's called your right of rescission. |
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Edith
Originally published on April 23, 2008 |
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