how long does it take to close a refinance after appraisal
Right of Rescission. After signing a loan documents for a refinance, unless the property is an investment property, a three day right of rescission must take place. Basically, three postal days must pass after signing before the loan can close. This wait period is in addition to the Closing Disclosure wait period.
After Signing. Signing your final FHA loan agreement documents is not always the last step to close. On FHA refinances, the borrower has a 3-day right of rescission period after loan signing during which he can back out of the deal for any reason. The 72-hour window excludes Sunday and holidays.
Trackbacks. [â¦] 1  the whole mortgage refinance process could take more than three months, as was the case with my previous mortgage refinance. [â¦] 2  financing side is independent of the rental side. [â¦] 3  documented back in 2012 that it took 100 days to refinance my mortgage.