It’s not something banks and lenders like to do though so don’t count on it. Instead, plan for a closing date that accounts for the rescission period in advance. Simply put, in most cases the bank or lender cannot fund the loan until the rescission period is over. There Isn’t a ...
The right of rescission allows consumers a brief period of time to cancel certain types of home loans if they change their mind. If you are planning to sign a loan contract and have any doubts about whether you will want to proceed with the arrangement, it's a good idea to find out be...