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This video and its contents are not intended for residents or home owners in the states of MA, NY or WA.
The Right of Rescission falls under the Truth in Lending Act and its main purpose is to protect borrowers from unsafe lenders. The law allows consumers who are refinancing mortgages, home equity loans or home equity lines of credit to cancel their contract if they determine the transaction is not in their best interest. Consumers have up to 3 business days to reconsider their financial transaction.
Furthermore, the law requires that lenders make consumers aware of their right to rescind and provide them a way to do so upon their decision to cancel the contract. The Right of Rescission does not apply to the following: the purchase of a new home, refinancing with a current lender, a state agency mortgage, or a mortgage on a secondary property.
Low VA Rates is committed to helping you find the home loan that is best for you and your financial situation. We are VA mortgage experts and have a strong track record of helping veterans take full advantage of their VA rights and benefits. We can do the same for you. Get started for free today and find out how much you can start saving.
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844-326-3305 #VAhomeloan Archived video notice: This video is not current and may contain content that, while accurate when recorded, may not reflect current market conditions. As is customary on the YouTube platform, older videos remain in our account for transparency and statistical purposes, and we do not necessarily have control over which older archived videos YouTube’s algorithm may suggest for you. For that reason, please always check the date of a video to ensure that it is dated recently before relying on its contents. The mortgage market is very dynamic and laws, regulations, rates, and programs are always changing. If we have a more up-to-date video on the same subject, you should be able to sort our videos by date uploaded on our main channel landing page: [ Ссылка ]. This video is not applicable to borrowers in the State of Washington.
This video is not intended for residents or homeowners in the states of NY or MA.
