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Multiple refinances and canceling

  1. Can I have multiple refinances going at the same time, meaning I’ve signed the disclosures and they’re in underwriting?

  2. Can I cancel a refinance without cost to me assuming it’s a $0 at closing rate and term refinance?

I’m in a very rare situation or so I’ve been told where underwriting can choose to deny the refinance at the last minute, and there’s no cut and dry approval process to lean on. All the LOs have told me “we’ll have to wait and see what underwriting or title says”.

Due to rate hikes I cannot afford to wait on one just to be told nevermind we can’t do it.

submitted by /u/onemorethrowaway2000
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ydt8qk/multiple_refinances_and_canceling/
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