This is known as your right of "rescission (how does underwriting work for mortgages). Go to this site how do business mortgages work." To cancel, you should notify the lender in writing - how do bad credit mortgages work. Send your letter by qualified mail, and request for a return receipt so that you have documentation of Have a peek here when you https://b3.zcubes.com/v.aspx?mid=5466885&title=getting-my-which-of-the-following-is-not-true-about-mortgages-to-work sent out and when the lender received your cancellation notification. Keep copies of any communications in between you and your lender.
If you think there is a factor to cancel the loan after the three-day duration, seek legal assistance to see if you deserve to cancel (how do home mortgages work). Note: This info only applies to House Equity Conversion Home Mortgages (HECMs), which are the most common kind of reverse mortgage.