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Your Right of 3 Day Rescission When Mortgage Refinancing – If you’re refinancing with the same lender as your original loan, the lender may restrict your right of rescission. Also, for cash out mortgage refinancing, the rescission only applies to the cash out part of the home loan.
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Is it Wise or Smart to Refinance With the Same Company or. – Usually these penalties do not apply to refis with the same mortgage lender (but check your loan docs!), if your loan carries the penalty your refi choices may be limited to your current lender.
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