It will be electronically deposited in my checking account
2006-08-15 05:09:59 · 11 answers · asked by shell_921 1 in Business & Finance ➔ Personal Finance
Three days after settlement due to the rescission period. Federal law.
2006-08-15 05:14:09 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Generally this based on how the funds are depositied as this can be anywhere from next day to 3 days. This also stipulates that the bank does not place a 'hold' on the funds based on the delivery type of the funds. I would ask your mortgage lender how the funds will be transferred. Then call your bank, tell them you are expect x dollards via the transfer type the lender tells you and ask them their rules for making these funds available. If the time frame is not one that is acceptable, contact your lender and see if they will change the transfer type. You might have to pay a small fee for to change the transfer type.
Good luck and I hope this helps!
2006-08-15 05:16:49 · answer #2 · answered by wrkey 5 · 1⤊ 0⤋
In most places there is a three day waiting period. This is to give you three business days to cancel the contract. After that period, you cash back should be mailed to you. If the transaction is handled locally, you most likely can arrange to pick it up or someone might deliver it to you.
2006-08-15 05:42:29 · answer #3 · answered by claudia.treacy@sbcglobal.net 2 · 0⤊ 1⤋
It depends on the bank. We had to wait about a week. You should ask the person handling the refinance at the bank, they would be able to tell you for sure.
2006-08-15 05:14:36 · answer #4 · answered by Anonymous · 1⤊ 0⤋
it takes 3 days the closing agent to get before she can transfer it to you account
2006-08-15 05:17:42 · answer #5 · answered by salsa 4 · 1⤊ 0⤋
Usually three, because of the right of recension law
2006-08-15 05:14:18 · answer #6 · answered by sunshine1 3 · 1⤊ 0⤋
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2006-08-19 00:15:43 · answer #7 · answered by zulkifli m 1 · 0⤊ 0⤋
Within a day or two.
2006-08-15 05:13:58 · answer #8 · answered by bbonecutter 2 · 1⤊ 0⤋
I would say midnight the following day.
2006-08-15 05:13:59 · answer #9 · answered by yoohoosusie 5 · 0⤊ 0⤋
That is a question that you should ask your loan officer. None of us can tell you.
2006-08-15 05:14:02 · answer #10 · answered by dolphin2253 5 · 1⤊ 0⤋