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New Jersey Real Estate Q&A Discussion Forum

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George C.
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HELP! CASH OUT REFI DISASTER!

George C.
Posted Jun 1 2021, 13:43

I have been in process of doing cash out refi with a national bank lender and the process has been dragged on for 6+ months, the lender reps are unresponsive except when they ask for additional docs and would not give me ETA for closing, although I was supposedly in closing for the past 2-3months. Does this mean they don't want to do the loan? What recourses do I have? Can I just go to another lender or do I have to notify current lender to withdraw my application? All suggestions and assistance are welcomed! Thank you!

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