Refinancing home for a little extra money will i get the check at closing?
ClementinaWe are refinancing our home for a few extra thousand to do some improvements. Our bank is out of state so they are sending a lady to our house tonight to close. Will she bring our check with her and we get it tonight?
OteliaThere is a 3day right of rescission on primary residences.You have 3days to say no to the loan.After the 3rd day they normally fedex you a check.If you closed with a local title company then you can go to their office to pick it up!
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AikoIf the bank representative has the authority she should bring your check with her. Refinancing is a bit different than original mortgaging because you already own the house and just need to sign the papers. There may be a 3-day wait though by law for you to change your mind. Can't remember if that's all over or state-by-state regs.Why don't you just call your bank and ask them?
JoellaNO YOU WILL NOT GET A CHECK AT CLOSING!the paperwork you sign has to be returned to the lender (usally next day air ) some banks demand originals to FUNDonce they have the docs in hand and they are completed correctly they will release the money. the title company handeling the paperwork will send you a check or wire the money into your account!you have to understand that until they have your closing paperwork in hand no money goes anywhere! I would say you are looking at 2- 4 days till you get a check!