Can I Cancel My Remortgage / Refinance Loan Application?

Reader Question: Can I cancel a remortgage / refinance application at any time?

You will need to review your application to see what the stipulations are for canceling. Every lender has different policies, so there's no way I can answer the question for you -- not while being ethical, at least.

Most mortgage applications have a section that specifically talks about cancellation policies. It should explain the steps you must go through to cancel (usually a written letter will suffice), and it should list any fees that are involved. There's almost always some kind of fee association with a cancellation.

Keep in mind also that if you cancel the application with this particular lender, and then try to reapply with the same lender down the road, you might find that they are unwilling to work with you again. Of course, this concern is secondary to the fact you should do whatever is in your financial best interest ... but it's worth mentioning at least.

Related article:
Canceling Refinance Application for Lower Rate

Hope that helps. Good luck.