Q&A: If I apply for a mortgage, can I back out of the application before closing?

by marsmet461

Question by Patricia: If I apply for a mortgage, can I back out of the application before closing?
I recently signed on with a refinance company to process the refinancing of my mortgage. The same day I signed the application I found out they approached my current mortgage co. to get a payoff amount. They requested the payoff five days BEFORE I agreed to use them for my refinancing and without my approval. Can I cancel this application?

Best answer:

Answer by Tammy Vivat
YES

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