Posted on: 29th Nov, 2011 05:29 am
my mortgage refinance closed yesterday, and i am in the 3-day recission period right now. we wish to get a small car loan tomorrow before the recission period ends because of a cashback deal. could that lead to the lender canceling the refinance loan? [the loan funds on friday, a couple of days after we get the loan.]
Welcome nat,
As the loan closing is complete, I don't think taking out a car loan now will affect your loan in any way. However, as the loan will be funded on Friday, I think you should wait till that day and then apply for a car loan now.
As the loan closing is complete, I don't think taking out a car loan now will affect your loan in any way. However, as the loan will be funded on Friday, I think you should wait till that day and then apply for a car loan now.
Lenders are pulling credit right before closing..... And I wouldn't put it past them to also pull right before funding.
