Legal Question in Real Estate Law in Tennessee

canceling home loan after closing

I need to know if after closing on a home loan do i have any legal means of canceling is there 3 business days that i have to cancel


Asked on 5/02/06, 2:50 pm

1 Answer from Attorneys
Joseph T. Kirkland, Jr. Kirkland, Rothman-Branning & Associates, PLLC

Re: canceling home loan after closing

If the loan was a refinance of an exhisting loan on property you already owned, then you have 3 days to recind the transaction(change your mind).

If you used the money to purchase the house for the first time then the answer is no.

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Answered on 5/02/06, 3:16 pm


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