SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/home-rescission

After signing a refinance or home equity loan on your home, how long can you cancel it?

Three business days, in writing.

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  1. Three business days ✔
  2. Thirty days
  3. Twenty-four hours

Why: That right to cancel is called rescission. It covers most loans not used to buy the home, such as refinances and home equity loans. You must cancel in writing, not just by phone.

Huh, didn't know that: For this rule, business days include Saturdays but not Sundays or legal public holidays.

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References

Answer: Three business days. That right to cancel is called rescission. It covers most loans not used to buy the home, such as refinances and home equity loans. You must cancel in writing, not just by phone.

  1. CFPB: Right of rescission www.consumerfinance.gov/ask-cfpb/can-i-change-my-mind-after-i-sign-the-loan-closing-documents-for-my-second-mortgage-or-refinance-what-is-the-right-of-rescission-en-186
    This right gives you three business days to cancel a non-purchase money mortgage agreement.
    Checked 2026-10-10.

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