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What You Don't Know Will Hurt You
Did you ever wonder about the "outrageous" claims by the mortgage company down the street that they can close a refinance in 5 days and lo and behold -- you find out that they REALLY are closing loans in 5 days -- from application to closing? However, if you had taken the time to investigate their "secret" to quick closings, you would have found out that they require a 10-day right of recession period. Remember, 3 days is the MINIMUM number of days for the recession period -- but who ever said that there was a maximum number or days?
Know what they are using those 10 days for? To collect conditions!
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