Skip to content

Refinance 2nd Home

Answered by: 

Question: 
If a borrower is refinancing their 2nd home (cashout), is it subject to Right of Rescission?
Answer: 

No, only when collateral consists of a primary residence is the right of rescission necessary.

First published on BankersOnline.com 3/20/06

First published on 03/20/2006

Filed under: 
Filed under compliance as: 

Search Topics