MORTGAGE ADVICE
What Is A Rescission Period?
When you buy a home and go to the settlement table to sign your papers, the papers are returned to the lender for a final review. This review means the lender wants to make sure the settlement agent followed the lender's instructions. Once that review is made and determined the instructions were properly followed, the loan is funded. This typically happens on the same day. You go to the
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David Reed
Writer
David Reed is a multi-published author and mortgage expert. As a Senior Loan Officer and Mortgage Executive he closed more than 2,000 mortgage loans over the course of more than 20 years in commercial and residential mortgage lending.
AGENT RESOURCE
