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Old 05-24-2009, 06:20 PM
 
1 posts, read 3,905 times
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I am in Canada. I bought a home, possesion date is July 15. Last week I signed a "Mortgage commitment" with a lender through a broker. I have had issues with this broker since, and wish to move to another bank, is it too late?
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Old 05-25-2009, 06:20 AM
 
69 posts, read 275,908 times
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Yes you can cancel it BEFORE it funds.. you will be out any application fee, apprasail fee, and inspection if you had any done.
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Old 05-27-2009, 09:13 PM
 
Location: Plano, Texas
1,675 posts, read 6,618,202 times
Reputation: 693
With how mortgage rates shot up today, about a .50% higher, i would suggest you dont cancel. If you go with a new lender know, you will get current mortgage rates.
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